With OneSumX Ledger Accounting, which forms part of OneSumX for Finance, teams receive a single system with up to near real-time financial data in a scalable architecture. The accounting process is regrouped, streamlined and automated, bridging data from finance and business to provide transparent and accurate information to key stakeholders.
OneSumX Finance breaks down finance, risk and compliance silos by unifying and centralizing all data and processes in a single system of record. It brings this all together on one platform, serving finance, risk and reporting. Teams can facilitate, consolidate and unify finance data as the one source of truth for your firm's end-of-period.
OneSumX Ledger
Obtaining quality data that is reconciled and validated can be a challenge that underscores business decisions taken throughout an organization. Inconsistencies found in business activity measures and a firm’s financials can impede management in making business decisions.
Save time
Seamlessly automate processes to provide fast, reliable reporting data.
Free up time for valuable business deliverables. Bring down financial close
from days to hours.
Reduce costs
With timely granular, shared and trusted data for business, risk and
finance in a single place, banks can reduce the cost of ownership and
compliance for multiple divisions.
Accounting-as-a-Service
Eliminate silos by unifying all data and processes within a single system.
OneSumX Ledger serves as a centralized financial data hub, providing a
curateddata source across finance, risk, asset liability management, and
regulatory reporting.
Low-risk implementations
With a strong track record across banks of all sizes, we offer seamless
ledger integration and accelerators to generate accounting for most financial
instruments, ensuring efficient and reliable implementation.
OneSumX Ledger solution features
OneSumX meets the growing demand for accurate data from management, markets, and regulators. It ensures data quality and consistency across departments, preventing inconsistencies that can slow operations and impact decision-making. With OneSumX, banks can manage multiple entities and subsidiaries under IFRS / US GAAP and local GAAPs while handling diverse financial products in multiple currencies, and within various supervisory frameworks.-
Centralize granular business and accounting data
- Centralize your data architecture to accurately model all financial instruments
- Eliminate the need for aggregating or replicating the financial instrument data into a general ledger
- Access detailed insights through a granular analytical key
- Ensure data consistency at the most granular level
- Assure data quality with a central control framework
- Consolidate financial figures ground-up from their stand-alone positions
- Audit data changes with a centralized audit system
-
Simplify the data complexities of a bank
- Account for different entities and chart of accounts with one single solution
- Generate complex accounting entries for financial instruments with the accounting engine
- Manage the accounting and balance for multiple GAAPs in an aligned way
- Speed up implementation with prepackaged accounting rules
- Break down balance amounts per day, period, and year, across original, local, and reporting currencies
-
Streamline accounting
- Simplify complex accounting rules with a central and versioned business rules engine
- Streamline accounting data pipelines to a central source of reference with simplified integration capabilities
- Be compliant with data quality standards and governance rules with our strong monitoring framework
- Automate and refactor user-heavy processes and speed up the close of business
-
Flexible, fast and reliable financial reporting
- Analyze figures along specific dimensions to the most granular level
- Meet internal and regulatory data demands on time with accuracy
- Intervene when needed, with the support of the four-eyes principles
- Implement reporting requirements quickly with zero or minimal impact on the chart of accounts
- Assure that your reports are using the same detailed data and minimize reconciliation efforts
- Free up resources from report preparation to work on value-adding analysis and activities
Transform your Bank’s finance operations with OneSumX
Discover how OneSumX for Finance empowers banks with centralized data, compliance tools, and future-proof financial banking software to simplify finance management and streamline operations.
Related OneSumX solutions for finance management
OneSumX for Finance
The comprehensive OneSumX for Finance solution offers robust technology, enhanced data management, stress testing, as well as accuracy through industry-acclaimed simulations and analytics.
OneSumX IFRS 9
OneSumX IFRS 9 allows for an end-to-end treatment of expected credit loss (ECL) and IFRS disclosure requirements.
OneSumX Financial Consolidation
Centralize, automate and manage all your consolidation and month-end closing processes.
Regulatory newsletter
From evolving Basel standards to emerging regional regulations, our curated content keeps you well-prepared for what lies ahead. Explore timely updates, all in one place.
OneSumX events
and webinars
Keep up to date with news, webinars and events in financial risk, regulatory & reporting. Explore detailed analysis, expert commentary and perspectives — all in one place.
-
ArticleComplianceFinanceMay 01, 2025
The CFO Guide: Finance transformation for banks
See how 5 banks redefined Finance - cutting systems, streamlining data, and automating compliance. The CFO's guide shows you how to do the same. -
ArticleComplianceFinanceMarch 24, 2025
Navigating liquidity challenges: The future of asset liability management
Asset Liability Management (ALM) is no longer just about risk mitigation. Discover how evolving regulations and global events are pushing ALM to become a cornerstone of financial strategy. -
ArticleComplianceFinanceFebruary 14, 2025
Chartis regulatory reporting solutions: Wolters Kluwer OneSumX leads the way
Discover why Chartis ranked OneSumX as a leading regulatory reporting solution, delivering AI-driven compliance, data consistency, and multi-jurisdictional coverage. -
ArticleComplianceFinanceFebruary 07, 2025
Transform your Bank’s finance operations with OneSumX
Simplify your bank's finance operations with OneSumX. Centralize data, enhance compliance with BCBS 239 and IFRS 9, and optimize finance management with proven financial banking software.
