OneSumX IFRS 9 offers a solid framework combining lifecycle information on each individual financial instrument with a comprehensive set of IFRS 9 calculators. The resulting numbers are recorded in a transparent, traceable, and auditable contract level IFRS subledger. The solution supports regulatory disclosures from local supervisors across the globe and offers powerful reporting tools. These features are supported by a data management framework that can capture and store relevant contractual information, manage events and transactions, store IFRS calculations, generate accounting, and process up to the delivery of the disclosures.

IFRS 9 Buyers Guide
Breaking down IFRS 9 Implementation
The main features and capabilities that institutions should look for in identifying a solution that can support their IFRS 9-related needs, not only during the initial stages of adoption, but also well into the future.

OneSumX IFRS 9 provides support with classification and measurement.

order list check icon
Pre-defined IFRS 9 classification business rules and a complete set of IFRS 9 compliant accounting schemes

calculator pda calculate icon
An amortized cost-calculation engine with built-in support for debt restructuring, below-market loans and a wide variety of product lifetime events

arrows pointing in opposite direction maximize icon
Fair value measurement techniques

For impairment and expected credit loss (ECL) model support, the solution helps your team to:

order layers icon
Develop and build an ECL model that needs to be run in multiple scenarios

calculator percentage tax preparation taxprep trusts returns icon
Apply expected credit loss calculators which can work with expert judgment or macroeconomic scenarios

briefcase suitcase bag baggage wk icon
Track movements between any of the three stages on a portfolio and individual level

signing document pen paper icon
Effectively manage disclosures under IFRS 7 and IFRS 9

The hedge accounting element of the regulation can be addressed using either IAS 39 or IFRS 9 principles, and our flexible solution enables both methods.

If the IAS 39 option is selected, the following features will be available for your team to leverage:

certificate diploma licence certification accreditation testimonial icon
Hedge designation

notification warning triangle with exclamation mark icon
Hedged risk calculations (both delta and full)

screen checks checkbox finger pointing preparing audit icon our hiring process apply for a job
Hedge effectiveness calculation

sliders screen flexible flexibility icon
Accounting adjustment calculators

Related Solutions

Request More Information