IFRS

International Financial Reporting Standards

Fully automated and comprehensive IFRS solution

The FlexFinance IFRS solution from FERNBACH offers the most reliable and robust automated process for IFRS compliance and covers the complete process chain of IFRS accounting, thereby reducing the processing times for all banking products.

Overcome the obstacles of reaching full IFRS compliance

The FlexFinance IFRS software embodies pre-processing with all the features that are essential for precise valuation and the generation of accounting events including powerful cash flow generation, parallel GAAP capability, securities position building and product building/splitting. This pre-processing forms the foundation for IFRS-compliant accounting entries and regulatory reporting, while taking specific requirements such as hedge accounting and impairment into account.

• Only raw data needed in the IFRS software reducing project risks.
• Resources are conserved within the IFRS solution owing to maximum automation and centralisation of processes.
• Superior data management ensured by centralised and inter-system repository.
• Standardised implementation approach cuts the risk of the IFRS software project.
• Unique drilldown and drillup functionalities form the core foundation for detailed analyses of an IFRS-compliant balance sheet and income statement.