OneSumX IFRS solution for
International Financial Reporting Standards - 9
Our IFRS 9 functionality is part of our comprehensive and modular OneSumX IFRS solution, which provides the financial industry with a solid framework to capture and store all relevant contractual information, manage events and transactions, IFRS calculations, accounting generation and processing up to the delivery of the disclosures.
Classification and measurement
- Cash-flow characteristic test for amortized cost
- Pre-Defined IFRS9 classification rules
- Amortized cost calculation engine
- Fair value measurement techniques
- IFRS13 support
- IFRS9 compliant accounting
Impairment and the expected credit losses model
- Historical tracking over 3 stages
- ECL over full lifecycle
- Credit adjusted EIR support
Hedge accounting
- Monitoring and development
- Impact assessment
- IAS 39 hedge accounting solution
- New model compliance
Disclosures requirements
- Local regulator based compliance
- Auditable contract level IFRS sub ledger
- Full compliance with IFRS 9 & other IFRS disclosures
Features
Reconciliation
Data validation
Version control
Security/access control
Data enrichment
Audit trail
Open and exportable
Web based
Business rules
History management
Workflow
Documentation
