The accounting and reporting processes of credit institutions are essential within these organizations and must be based on a platform with features specifically designed to meet their needs (IFRS 9, valuation of financial and derivative products, specific VAT management, Multi-Gaap, detailed analytical reporting and XBRL …).
However, most core banking platforms only partially meet these needs and force finance departments to resort to numerous data extractions, various manipulations and possible recalculations.
Problem: The accounting resources are then used for many tasks without real added value when they could concentrate on analytical tasks more apt to assist the general management.
Solution with Opexia: You have a new generation digital platform that follows the regulations in force and reporting (Taxonomy , FINMA, ACPR …) and the assistance of a team of expert consultants with a in-depth knowledge of regulatory aspects.
