Local GAAP

Stringent compliance with local accounting standards

FlexFinance is a robust and future-proof software solution which allows users to freely define accounting logic as well as a multi-dimensional chart of accounts (national accounting standards and international accounting standards). Every national accounting standard can be mapped in FlexFinance. The application also allows financial transactions to be posted on a contract-compliant and audit-compliant basis while adhering to national and international accounting standards (for example, IFRS, US GAAP).

Constant enhancements ensure a future-proof solution

Upgrades can be integrated into the solution easily, quickly and at little expense. This enables users to react promptly to comply with changing or new legal requirements concerning international and national accounting standards and to scale their activities by implementing additional accounting standards over time.

• Streamlined end-of-period processing including reconciliation work speed up the generation of monthly and annual financial statements.
• Templates, which have a standardised accounting logic, allow flexible adaptation to a bank’s accounting policy under international and national accounting standards such as IFRS and local GAAP.
• Reduced resources by generating monthly and annual financial statements through streamlined end-of-period processing including reconciliation work.