FlexFinance helps banks to overcome the challenge of combining national and international accounting standards.
A modern accounting generator enables transaction oriented accounting entries to be posted in parallel and in accordance with any accounting standards. FlexFinance is the only solution today with a parallel, double-entry, business-event-driven financial accounting system.
The Accounting Generator handles multi-GAAP, multi-company and multi-currency requirements through multiple general ledgers. FlexFinance makes it easy for banks to manage parallel financial statements with different charts of accounts which can be created in various currencies for any desired number of business units preparing the balance sheet. All valuation elements are separately valued and posted. FlexFinance minimises the cost and effort involved in fulfilling national and international accounting standards in parallel.
Minimal effort is required for adding further GAAPs.
