IFRS 9

IFRS 9 – Financial Instruments was developed to improve disclosures for increased financial transparency. The standard requires a forward looking approach to credit losses with a focus on classification and measurement, impairment and hedge accounting. CCH Tagetik provides an IFRS reporting hub including data repository, calculation modeling, reporting and disclosures in one easy-to-use solution. CCH Tagetik’s IFRS 9 is automated solution for data storage, calculations, postings, reporting and disclosures of financial instruments. The solution is quick to implement and can easily adapt to address other reporting requirements without disrupting existing finance processes.

 

IFRS 16

With the new IFRS 16 and ASC 842 lease standards focusing on transparency of lease obligations on the balance sheet, there is a significant amount of lease data that must now be collected, calculated, reported and disclosed. CCH Tagetik provides an IFRS reporting hub including data repository, calculation modeling, reporting and disclosures in one easy-to-use solution. CCH Tagetik’s solution for IFRS 16 and ASC 842 helps you transition to the new leasing regulations and get compliant quickly. CCH Tagetik Lease Accounting Solution is automated to allow you to easily manage the large volumes of leasing data by providing data collection, calculations, reporting and disclosures.

 

IFRS 17

With the new IFRS 17 for insurance contracts, insurers will have to significantly change the accounting for liability measurement and profit recognition. CCH Tagetik has an automated solution for addressing the new and expanding compliance requirements (Solvency II for example). CCH Tagetik provides an IFRS reporting hub including data repository, calculation modeling, reporting and disclosures in one easy-to-use solution. With CCH Tagetik for IFRS 17 you can focus on your business with confidence that you’re in compliance with regulatory standards. CCH Tagetik for IFRS 17 provides data collection, calculations, postings, reporting and disclosures of insurance contracts.

 

KEY CAPABILITIES

  • Load and map from internal and external data sources
  • Data Repository
  • Data validation and controls
  • Preconfigured data model
  • Preconfigured and extendable calculation logic
  • Reporting and Disclosures
  • Audit Trail
  • Workflow