CCH Tagetik Announced IFRS solution portfolio

27th June 2017

CCH Tagetik, part of Wolters Kluwer, a global provider of software solutions and information services for professionals, announced the availability of its IFRS solution portfolio, created to help finance teams meet the significant new and evolving reporting standards. IFRS 9, Revenue Accounting (IFRS 15), Lease Accounting (IFRS 16) and IFRS 17 solutions help professionals get compliant quickly, efficiently and confidently.

 

The company also plans a series of live seminars globally to provide finance executives with insights on the new – and in many cases still evolving - reporting requirements, along with product demonstrations and opportunities for peer networking.

The new requirements challenge Finance with providing more transparency and forward planning with collection and preparation of granular contract data from many disparate sources, applying new calculations, and reporting and disclosure of final results. The IFRS solution portfolio aims to deliver significant benefits by providing a single solution, ‘a single version of truth’, for consistency and accuracy, a fast set-up, easy integration with legacy applications and source systems, and advanced reporting and disclosure features.

“Moving to a forward-looking approach, increasing transparency and improving disclosures requires a solution that will integrate quickly and easily while remaining flexible for future changes and be compliant at the same time,” said Marco van der Kooij, Managing Director CCH Tagetik Benelux & Nordic. “In addition to providing a solution to tackle these challenges, we also want to share the information and insights our experts have collected through their research and industry collaboration.  That is the goal of the IFRS seminars we will be hosting, the first of which will be held in June in Brussels.”

CCH Tagetik’s IFRS products include a contract data repository, compliant data models and calculations, and pre-configured workflows with built-in tool sets to easily prepare reports and disclosures. Clients can choose to implement in the cloud or on-premise and can configure the solutions to meet unique local reporting requirements.

“We have a dedicated team that focuses on learning the details behind these IFRS regulations.  These experts then work with our product team to create robust, but very easy to implement and use solutions to address specific IFRS requirements,” said Marco Pierallini, EVP Product, CCH Tagetik. “We are leveraging the same process we used in bringing our Solvency II solution, which gained wide recognition and market share, to market; we expect these solutions to see comparable success and adoption.”

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