Subledger

The Subledger function enables you to pass IFRS 17-compliant journal entries that are based on the results of Contractual Service Margin (CSM) calculations. The solution has seamless connectivity between the CSM engine and the sub-ledger function. The CSM results, which are available post-execution, allow you to execute the sub-ledger definitions.

The Subledger function picks up data from the relevant tables and passes entries by using the pre-approved accounting rules. The entries are passed only for the runs that are marked for reporting.

The Subledger function comes with pre-ceded IFRS 17 compliant accounting rules that are configurable and can be customized. In terms of output, the solution comes with ready-to-use reports including a journal entry report and a ledger closing balance report. Both these reports are available at the selected granularity levels.