Finance | Wolters Kluwer
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OneSumX for Finance Solutions

OneSumX for Finance solutions support you in your strategic planning, budgeting and forecasting through industry-acclaimed simulations and analytics.

The finance function is facing significant changes that are reshaping the way it operates. To support these changes, it requires access to more complex systems, with high tech components and highly-skilled guidance. The markets, the board, management, auditors and regulators are all asking finance departments to produce increasingly sensitive and detailed measures, often more quickly than ever before. At the same time, internal teams are pushing the finance function to bring more value to the global strategy.

The requirement for increased flexibility is another key challenge imposed by both external and internal factors. An external factor is the constant evolution of accounting standards, International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (GAAP) or any local GAAP, causing changes across the scale. Internal factors may be even more significant - for example new products, new systems, and new branches all require significant effort from the finance function.

OneSumX for Finance solutions have the flexibility to adapt to these situations while allowing you to integrate the changes required within a solid and well-structured process. It provides financial institutions with fully integrated finance functionality, from event to disclosure, with built-in content and expert support to flexibly address the finance challenges in this fast-moving business and regulatory environment.



IFRS9

 

Comprehensive and modular IFRS 9 solution that supports all key elements of the Standard, from classification and measurement to impairment methodology and disclosures.

CECL

 

Solutions to support the new impairment model, CECL (Current Expected Credit Losses), applicable to the U.S. GAAP based countries.

Performance Management

 

Performance Management supports strategic planning, budgeting and forecasting through simulations and analytics.

Subledger Accounting

 

Our subledger solution streamlines accounting processes and reduces manual changes through automation.


OneSumX for Finance Solutions are recognized as industry leaders!

 

Chartis: Category Leader, Current Expected Credit Loss (CECL) Technology Solutions - GRC Solutions

International Financial Reporting Standards (IFRS) 9 Technology Solutions: Market Update report
 
Chartis: Category Leader, International Financial Reporting Standards (IFRS) 9 Technology Solutions - GRC Solutions

Category Leader, International Financial Reporting Standards (IFRS) 9 Technology Solutions Market Update 2017
 

Explore Insights

Hong Kong Fintech week 2019

(Live Seminar November 6-7, 2019) Wolters Kluwer will be at the Hong Kong Fintech week 2019, this year being held at the AsiaWorld-Expo .The event is said to be Asia’s most anticipated international financial technology event of the year bringing together over 10, 000 executives, entrepreneurs, investors and regulators from China, Asia and across the world.

CECL: A fresh look at FASB’s new credit loss standard

(Published September 24, 2019) This eBook explores Federal Reserve concerns about the economic impact of CECL, how companies are tackling implementation snafus, managing data under the new standard, guidance for those overseeing its implementation, setbacks and delays, and the growing tension between estimation and precision.

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IFRS 16 Leases: A fresh challenge with a familiar solution
 

Reframing a fresh challenge with a familiar solution – IFRS 16

 
 
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strategic-budgeting-and-planning-whitepaper
 

Strategic Budgeting and Planning White Paper

 
 
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IFRS9-impairment-video
 

What is new with IFRS 9 Impairment?

 
 
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