ifrs 9 key capabilities include
Powerful IFRS 9 Engine
The solution kick starts IFRS 9 compliance with pre-packaged calculations to determine the impairment of financial instruments following the current IASB guidance. Calculate Fair Value through P&L (FVPL) and through Other Comprehensive Income (FVOCI) at the instrument level and 12 month or lifetime Expected Credit Losses (ECL) and produce IFRS 9 reports including comparison to IAS39 and Solvency II reports. To comply with both IFRS 9 and IFRS 7 disclosure requirements, you get the reporting capabilities which do everything from general reporting and extend to allowing you to analyze values within assets.
IFRS 9 requires specific and unique disclosures and our IFRS 9 starter kit preconfigured for compliance with these requirements and can be easily configured to meet non-standardized requirements without the need for programming or IT support.
Pre-Built & Configurable
Calculate & Integrate
Perform IFRS 9 specific calculations in the solution or import classification and measurement from existing systems. Either way the loading and verification of data from the necessary sources (instrument registry, credit risk systems etc.) can be automated and managed by the finance organization.
The solution creates a financial information data mart for IFRS 9 and other reporting requirements from one source. Pre-configured analysis leveraging Qlik Sense is available or any other BI tool can access the information for analysis and visualization of the lifetime of each. Easily aggregate to the account level for automated loading to the general ledger or subledger.
Financial Information Data Mart
Reduce Risk & Redundancy
Our IFRS 9 solution was created to handle large amounts of data and made to fit coexist, supplement and integrate with existing applications. The IFRS 9 solution isn’t just non-disruptive to existing architectures - it integrates with all your systems including Tagetik applications for Solvency II and the Collaborative Office, and non-Tagetik applications, on premises or on the cloud.
IFRS 9 demands more granularity and transparency in disclosures - which means you must demand it too! Just like in all Tagetik offerings, our IFRS 9 solution has an audit trail that captures the full lifecycle of calculations, transformations and data flows. In addition, built-in workflow allows administrators to see the progress of contributors and activities to circumvent and solve bottlenecks before they happen.
Tagetik's ifrs Software is trusted by leading companies across several industries
IFRS Consolidation, Budget & Planning of the Group, Cash Flow
IFRS Consolidation, Consolidation, CDM, Solvency II, IVASS Reporting
Browse our Resources
The new IFRS wave – not to be underestimated
Blog post by Jérôme Vial, Country Head - Tagetik Switzerland
Annual and quarterly IFRS reporting, Consolidation, Budgeting and rolling forecasting, Cash flow, Management and Investor Relations reporting
CRÉDITO AGRÍCOLA GROUP
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The dream of unifying IFRS and GAAP is dead
Blog post by Kevin Gray, Sr. Director, Solution Consulting - Tagetik North America
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