Wolters Kluwer provides a Unified platform for the Finance organization from Banking specific Data Model, complete Accounting Hub & Financial Reporting and, Performance Management, with built-in content and expert support to flexibly address the finance challenges and regulatory requirements.
Having a unified platform for Finance allows you to significantly decrease total cost of ownership by reducing the number of systems used for Finance, reducing the number of interfaces, enrichments and reconciliation efforts, while shared simulations and analytics enable better decision making and increased reactivity.
Centralized data architecture that accurately models all financial instruments
Balance management, providing multi-dimensional balances at all levels
Comprehensive general ledger functionality to support the entire process
Uniform processes such as currency and P&L treatments for optimum standardization
Accounting engine and schemes capable of supporting complex multi-GAAP accounting schemes, generating rich content accounting movement at the most granular level
Integrated rule-based functionality to integrate local treatments in a unique stream
Multi-entity, Multi-GAAP, Consolidation
Reconciled granular business and accounting data
Fast and reliable financial reporting
Support multiple entities, currencies and GAAPs
Reallocate time spent between report preparation to value adding analysis
Meet internal and regulatory data demands accurately and to time with the multi-book engine
A fully transparent system supporting auditability