Finance | Wolters Kluwer
  • OneSumX FRR Video - Results under pressure
    Integrating finance, risk and reporting - delivering crucial results under pressure
  • FRTB: Viewing Market Risk in a New Light
    FRTB: Viewing Market Risk in a New Light

OneSumX for Finance Solutions

OneSumX for Finance solutions support you in your strategic planning, budgeting and forecasting through industry-acclaimed simulations and analytics.

The finance function is facing significant changes that are reshaping the way it operates. To support these changes, it requires access to more complex systems, with high tech components and highly-skilled guidance. The markets, the board, management, auditors and regulators are all asking finance departments to produce increasingly sensitive and detailed measures, often more quickly than ever before. At the same time, internal teams are pushing the finance function to bring more value to the global strategy.

The requirement for increased flexibility is another key challenge imposed by both external and internal factors. An external factor is the constant evolution of accounting standards, International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (GAAP) or any local GAAP, causing changes across the scale. Internal factors may be even more significant - for example new products, new systems, and new branches all require significant effort from the finance function.

OneSumX for Finance solutions have the flexibility to adapt to these situations while allowing you to integrate the changes required within a solid and well-structured process. It provides financial institutions with fully integrated finance functionality, from event to disclosure, with built-in content and expert support to flexibly address the finance challenges in this fast-moving business and regulatory environment.

Read our OneSumX for Finance Overview Brochure.



IFRS9

 

Comprehensive and modular IFRS 9 solution that supports all key elements of the Standard, from classification and measurement to impairment methodology and disclosures.

CECL

 

Solutions to support the new impairment model, CECL (Current Expected Credit Losses), applicable to the U.S. GAAP based countries.

Performance Management

 

Performance Management supports strategic planning, budgeting and forecasting through simulations and analytics.

Subledger Accounting

 

Our subledger solution streamlines accounting processes and reduces manual changes through automation.


OneSumX for Finance Solutions are recognized as industry leaders!

 

Chartis: Category Leader, Current Expected Credit Loss (CECL) Technology Solutions - GRC Solutions

International Financial Reporting Standards (IFRS) 9 Technology Solutions: Market Update report
 
Chartis: Category Leader, International Financial Reporting Standards (IFRS) 9 Technology Solutions - GRC Solutions

Category Leader, International Financial Reporting Standards (IFRS) 9 Technology Solutions Market Update 2017
 

Explore Insights

CECL: A fresh look at FASB’s new credit loss standard

(Published September 24, 2019) This eBook explores Federal Reserve concerns about the economic impact of CECL, how companies are tackling implementation snafus, managing data under the new standard, guidance for those overseeing its implementation, setbacks and delays, and the growing tension between estimation and precision.

CECL Delay Opens Window of Opportunity for Strategic Risk Process Improvements

(Published Sept 2, 2019) The CECL deadline for Wave 2 and Wave 3 institutions may be pushed to 2023. Learn how you can use the investment made in preparing for CECL to establish an end-to-end framework that improves your current ALLL process today and sets the stage for future requirements. Regardless of when CECL ultimately takes effect, taking a proactive, strategic approach today will help minimize the CECL transition problems tomorrow.

Show more
IFRS 16 Leases: A fresh challenge with a familiar solution
 

Reframing a fresh challenge with a familiar solution – IFRS 16

 
 
Read more
strategic-budgeting-and-planning-whitepaper
 

Strategic Budgeting and Planning White Paper

 
 
Download now
IFRS9-impairment-video
 

What is new with IFRS 9 Impairment?

 
 
Watch now