Key Features
The following are the key features of the OFS IFRS 9 Solution Cloud Service
- Accounting Adjustments
- IFRS 9 Stage Determination and IFRS 9 Stage Curing
- Account Classification
- Manual Override for Account Stage and Account Classification
- Cash Flow generation and Effective Interest Rate calculation
- Cash Flow Edit and Cash Flow Edit Process
- Amortization Methods: Effective Yield Method and Straight-Line Method
- Expected Credit Loss Methods
- Interpolation and Extrapolation of Term Structures
- Pre-built reports for Account stage, Account classification, Amortization, and Expected Credit Loss with Solo/Consolidation feature
- Dependency Tracker
- Data Quality Framework
- Data Maintenance Interface
- Shared data model and platform that eliminates data silos.
- Enterprise scale in the cloud
- Segmentation is supported by the Modelling set
- IFRS 9 Stage Determination and Stage Curing
- Account Classification
- Manual override for Account stage and Account Classification
- CFE CS Integration for cash flow generation and EIR calculation
- Amortization methods: Effective Yield Method and Straight-Line Method Submit to the Cash flow engine the modelling horizon for which you want to calculate cash flows
- Pre-Build Reports for Account stage, Account classification, and Amortization