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IFRS Solution

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 In Seven Steps to Sound IFRS

Financial Architects has the complete N to N solution from a transaction event (e.g. impairment of a loan) all the way to the regulatory report. The IFRS solution, part of Financial Studio, is modular based and consist of seven major steps:

 

IFRS solution

 Click on the image for more details.

 Validated by Ernst & Young
Ernst & Young validated the compliance of a number of the FinArch accounting templates using the ISAE 3000 audit standard and verified the compliance of the accounting entries with current applicable International financial reporting standards, ie IAS 39. Read also the press release.

Together with the growing number of IAS/IFRS customers, this further consolidates FinArch's position as the leading IAS/IFRS software vendor worldwide.

Many countries across the globe are getting ready to adopt accounting practices in accordance with International Financial Reporting Standards (IFRS).

 IFRS is not just about reporting
Coupled with Gartner Magic Quadrant rated Capital Management and MIS functionality, including Basel II, RAROC and Economic Capital, the solution also delivers integrated regulatory reporting for CoREP, FinREP and local regulatory reporting functionality for over 12 countries ‘out of the box’.
 
Financial Studio is rapidly becoming the solution of choice for many banks world-wide, which choose to effect strategic financial transformation in a component based, minimal risk and business justifiable manner.

 For more information...
QuestionContact our international offices for more information about our IFRS solution, our IFRS brochure, further enquiries, or requests for demos.