CCH Tagetik, part of Wolters Kluwer, a global provider of software solutions and information services for professionals, announced this month the availability of its IFRS solution portfolio, created to help finance teams meet the significant new and evolving reporting standards.
CCH Tagetik IFRS 9, CCH Tagetik Revenue Accounting (IFRS 15), CCH Tagetik Lease Accounting (IFRS 16) and CCH Tagetik IFRS 17 solutions help professionals get compliant quickly, efficiently, and confidently.
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 delivers 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.
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.
CCH Tagetik also will be hosting IFRS seminars to share the information and insights its experts have collected through their research and industry collaboration. The first in the CCH Tagetik complimentary IFRS seminar series is scheduled to be held in Brussels on June 22 from 12:00 PM to 05:30 PM at the Hotel Hilton Brussels.
That seminar will explore how the IFRS17 requirements impacts Insurance Finance & Risk reporting processes and systems, as well as how to improve and find new ways to provide value to performance management reporting.
Future events in other cities will be posted here.