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Creates interim journal entries

Creates interim accounting and journal entries from the calculations. ​

Processes the contracts

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

Provides the output

The output of the calculations will update the company's overall ledger. Also, this output will compile into a system that generates the company's financial reports.

Reporting

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

Core

Capabilities

Our product has an IFRS 17 Accounting engine that identifies group insurance, has an analytical and reporting layer and a reporting dashboard. The solution workflow comprises identifying the group insurance contracts, data collection and transformation, IFRS 17 calculation engine and accounting engine, and analytical layer. Our tool allows more excellent protection of policyholders and ensures investor confidence. 

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