Wolters Kluwer, a world chief in skilled data, software program options, and providers, in the present day introduced its Finance, Threat, and Regulatory Reporting (FRR) enterprise unit’s vital achievement. Its OneSumX product has been honored with the Finest Regulatory Compliance Answer for IFRS 9 on the RegTech Perception Awards APAC 2024, showcasing its progressive method to monetary reporting and compliance.

Revolutionary Options for IFRS 9 Challenges

OneSumX IFRS 9, a key part of Wolters Kluwer’s FRR choices, supplies an all-encompassing framework designed to facilitate the implementation of the Worldwide Monetary Reporting Commonplace 9 (IFRS 9). This resolution simplifies capturing and storing contract-level data, managing occasions and transactions, performing IFRS calculations, and producing and processing accounting information as much as the supply of disclosures. Jeroen Van Doorsselaere, Vice President of Product and Platform Administration at Wolters Kluwer FRR, emphasised the product’s international attain and its functionality to help regulatory disclosures from native supervisors worldwide, highlighting the corporate’s management in regulatory compliance options.

Recognition from the Business

The RegTech Perception Awards APAC, judged by an advisory board consisting of senior executives from main monetary establishments and the editorial group of RegTech Perception, acknowledge technological improvements that handle regulatory challenges within the monetary {industry}. Profitable this award underscores Wolters Kluwer’s dedication to excellence and innovation in regulatory compliance options. Angela Wilbraham, CEO at A-Staff Group and host of the RegTech Perception Awards, recommended Wolters Kluwer for its artistic options that successfully meet advanced regulatory necessities.

Continued Excellence and Recognition

Wolters Kluwer’s achievement in profitable the Finest Regulatory Compliance Answer for IFRS 9 provides to its record of accolades, together with a earlier win on the RegTech Perception Awards in 2022. The corporate’s OneSumX for FRR has additionally secured Class Chief positions in all 4 classes of the ALM Market Replace and Vendor Panorama report by Chartis Analysis. This repeated recognition highlights Wolters Kluwer’s management in offering industry-leading options for monetary and company compliance, additional cementing its place as a go-to supplier for EHS, ESG, and GRC built-in software program options.

Reflecting on these achievements, it is clear that Wolters Kluwer’s progressive method to regulatory compliance not solely addresses the present monetary {industry}’s challenges but additionally units new benchmarks for excellence within the RegTech sector. With a steadfast dedication to supporting its purchasers’ evolving wants, Wolters Kluwer is poised to proceed main the way in which in remodeling regulatory compliance by expertise.