The clock is ticking to become fully compliant by January 2022. It is important to work with a trusted partner that can help you navigate this major transformation in finance reporting processes, systems and data. Our team of consulting, technology and insurance experts can help your transition be a smooth one. We have the expertise to guide you through — whether you’re in your impact analysis or ready to implement a solution.
Our solution can help you meet your upcoming IFRS 17 compliance requirements whether you’re seeking to implement a subledger-type solution or an end-to-end, general ledger embedded platform with analytics. It is flexible, scalable and modular in nature, based on Oracle’s industry-leading Insurance data foundation so your organization will benefit from end-to-end auditability, data lineage, data quality and governance.
With pre-built IFRS 17 calculations, disclosure and financial reporting templates and pre-built integration to an accounting subledger, you will be capable of sourcing and sharing information with Oracle and non-Oracle systems. Not only will you benefit from a flexible accounting engine driven by user-configurable rules supporting multiple accounting representations, but you will experience a faster close and regulatory reporting process with
built-in analytics and collaborative processes. This solution turbo-charges your corporate performance management with integrated predictive planning capabilities, what-if modeling and pre-built dashboards, giving you the ability to compare different business strategies and their impact on the financial position of the firm. Whether you need a cloud, hosted, hybrid or on-premise solution, we can help. Learn more about our IFRS 17 solution today.