Streamlining financial reporting standards

With the Financial Reporting Standards (FINREP), the CEBS has developed a means of reporting accounting data in line with the IFRS. These standards lay out the guidelines for providing the European Banking Supervisory Authorities with consolidated financial information from IAS/IFRS financial statements. FlexFinance FINREP compiles the reports for regulatory financial reporting practice. It covers the CEBS requirements as well as national reporting options in the EU member states.

Efficient financial reporting and regulatory compliance

FlexFinance FINREP allows banks to fully automate financial reporting and to standardise and facilitate the exchange of financial information in the fastest time.

• XBRL interface to local requirements ready in FlexFinance FINREP.
• Fully automated process of reports from the beginning to the end of the chain ensures reduced errors and increased quality of data.
• Creation of a new reporting template by the end user.
• Reporting interface for connecting individual reporting applications available.
• Statements for individual deals and positions through calculation of IFRS-compliant values using individual deals.