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Creates interim journal entries

Creates interim accounting and journal entries from the calculations. ​

Processes the contracts

Applies 3 different approaches to process the group of contracts. Process the calculations and other functionalities necessary to meet the IFRS17 standards. 

Provides the output

Output of the calculations will update the company’s overall ledger. Also, this output will be fed into a system that generates the financial reports of the company.  ​

Reporting

Aggregate's information and produces the required reports; visualizes different reports.

Core

Capabilities

Our product has an IFRS 17 Accounting engine which identifies group insurance, has an analytical and reporting layer and a reporting dashboard. The solution workflow comprises of identifying the group insurance contracts, data collection and transformation, IFRS 17 calculation engine and accounting engine along with analytical layer. Our tool allows greater protection of policy holders and ensures investor confidence. 

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