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By: Byron Smith

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Thursday, 8-Nov-2012 04:34 Email | Share | Bookmark
Business Solutions for Regulatory Reporting and Financial Manage

The current financial and regulatory climate has set the fiscal reporting function within a classic squeeze. On the one hand, Management is asking every aspect of the operation to carry out more by using substantially less. Therefore Fiscal Controllers have a lot less resources and IT has less resources. Nevertheless, Senior Management, Directors, Regulators and Shareholders are searching for enhanced consistency, speed and openness both in internal and external fiscal reports. The continuation of merger and acquisition activity causes an added stress on individuals impacted by business reporting.

WIRES� supplies fantastic benefit in fulfilling the ever-increasing needs of financial and regulatory reporting. WIRES� operates as a complete financial reporting structure which gives an automatic, organised and effective work-flow environment. The application can also accentuate the prevailing data management facilities.

Our valued clients use this approach to fulfill both domestic and overseas regulatory and management reporting requirements. The software is flexible to any modifications in a organisations technological environment not to mention changes in regulatory reporting expectations.
WIRES� has long been designed to enhance the accuracy, development acceleration and speed and openness of reports, while increasing the effectiveness of each and every organisation making use of the product. Even in the heaviest reporting season, the system preserves a full audit trail from the whole reporting practice.

WIRES� provides confidence among end users, regulators, auditors and management.

WIRES� submits (in electronic format or via data file) to, and it is identified by, regulators world wide.

Fully completes source data integration, loading and report production environment, Full conformity with all the most recent Basel I-II-III changes, Rapidly develop just about any completely new or tailored ad-hoc review, Consistency throughout all of the daily, weekly, monthly, quarterly and annual reports, Reconciliation of reports to underlying GL and transactional systems, Time saving during audit research course of action, Detailed audit documentation for any reports and periods, Create consolidated and entity (branch) reports in just one run, Effectively cater to changes in regulations, business or technology, No programming necessary to operate the system, Outstanding Total Life Price of Ownership Competitive Value, web enabled technology

The majority of big name banks controlled by BIPRU will need to from now on satisfy the Common Reporting (COREP) mandate issued by the European Banking Authority (EBA). Including finance companies, big name banks and Building Societies. WIRES really is a solution to the COREP mandate.

Created with scalability as it's primary objective. It is highly flexible and boasts lots of capabilities that aid control and automation, a flexible tool for a field that\'s frequently developing.

WIRES is regarded as a distinctive, fully-featured product. Each individual component uses world-class security systems and is created to supply structure and support to your company's regulatory reporting.

The data-driven design and style makes WIRES exceptionally configurable. Given the fast-changing nature of the investment products and services marketplace, fresh polices can be brought in at any time and current specifications changed. WIRES enables an bank to respond very quickly to these kind of variations.

Integrated regulatory publishing tool for banks, Building Societies and financial institutions. Regulatory reporting for the COREP mandate.Bankofengland Reporting\n

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