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CCH Tagetik IFRS 9


 

 

In the wake of the 2008 financial crisis, IFRS 9 was developed to improve disclosures for increased financial transparency. It requires a forward looking approach to disclosures of amounts, timing and future cash flows with a focus on classification and measurement, impairment and hedge accounting.


CCH Tagetik’s IFRS 9 solution allows you to address requirements including data storage, calculations, posting, reporting and disclosure right out of the box. The solution is built to address IFRS 9 requirements that can easily adapt to address other reporting requirements without a disrupting existing finance processes.


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APP DEVELOPED BY

Benefits


Easy to use and control

Friendly configuration via graphical user interface vs. programming. Full auditability, access security and authorization concept. Easy approval and submission of data.

Strong collaboration workflow

Graphical workflow for managing data processing flows. Powerful Collaborative Disclosure Management functionalities to fullfil both IFRS9 and IFRS7 requirements.

Calculations and reports at your fingertips

Classification and measurement of financial instruments, SPPI test, stage allocation, ECL calculation (12 months, lifetime).

APP CAPABILITIES INCLUDE

Finance Powered
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Even with multiple diverse data sources, granular data, and complex calculations, Finance owns and manages the entire process from start to finish.

Detailed Audit Trail and Full Trasparency
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Users can see who, when, and where data came from, it’s entire lifecycle, down to the metadata

Reduce Risk
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Reduce risk of errors, inconsistencies or omissions by using packaged templates and disclosure reporting intelligence.

  • Calculation process guides final user step by step

  • Powerful calculation functionalities driven by a specific cockpit

  • Posting engine that aggregate postings at the detail level

  • Financial reporting and disclosure filtered by asset category

  • Financial datamart and integrated BI tool

OTHER INFORMATION

Languages: English

Targeted Job Function: Executives (CFO, CRO), Finance, Accounting, IT

Industry: All Industries

ABOUT CCH Tagetik

CCH Tagetik understand the complex challenges that face the Office of the CFO and translate that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With CCH® Tagetik software, you get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting.

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