Prepare your financial and risk management for the future.
Financial reporting for financial services is constantly changing and brings with it increasingly complex requirements for business processes and IT infrastructures. To meet these challenges and additionally generate added value through real-time information from a highly efficient, granular database, companies need a viable and powerful IT solution.
With the SAP Financial Risk and Data Platform and the SAP Financial Products Subledger component, we provide you with fully functional, mature solutions that enable you to optimally implement regulatory requirements and equip your finance and risk management for the future. The core of the solution is a uniform, central database for integrated processes between bank management and accounting.
Benefits of SAP FPSL for IFRS 9
SAP FPSL is based on many years of experience in the financial industry and offers an ideal solution to meet the requirements, some of which are new and some of which have existed for some time. In particular, the combination of efficient, homogeneous and granular data storage and new analytics options holds great potential. This combination enables companies to act in a more optimized and effective manner, linking financial accounting, cost accounting, and the valuation of financial products.
SAP FPSL makes use of baseline-delta logic: it enables postings in different accounting standards (multi-GAAP) to be generated on the basis of a narrow, "generally valid" database. In doing so, the system uses functional-logical accounting processes that build on each other on a period-by-period basis. In addition, SAP FPSL follows a proven multi-currency approach, which creates the prerequisite for foreign currency valuations in a variety of different currencies.
Your added value: Achieve a fast and efficient implementation of the Financial Products Sub Ledger (FPSL) with us.
- Ensure compliance and fulfillment of all IFRS9 requirements
- Use a consistent, harmonized database as a catalyst for efficient accounting and reporting as well as a central, uniform financial system
- Rely on a reliable accounting process that is already being used successfully by many banks
- Use high potentials for cost advantages
- Maintain maximum efficiency and flexibility
- Create a basis for the future-oriented reorganization of your finance department
- Ensure investment security thanks to continuous further development of the solutions
- Enable continuous close
Achieve a fast and efficient implementation of the Financial Products Sub Ledger (FPSL) with us. When can we help you?
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