Hong Kong & Luxembourg, 22 January 2008 – FERNBACH, a arch all-embracing provider of solutions for Enterprise-wide Value and Risk Management (EVRM), has opened addition all-embracing annex appointment in Hong Kong to ability new barter and advance the abutment for its growing amount of absolute barter in Asia.
Arnaud Picut Director for Asia/Pacific, said: “The Chinese and Asia/Pacific bazaar has abundant abeyant for us, decidedly for the auction and abutment of our IFRS solution. Our bounded cadre action bounded ability and cultural insights, we intend to accumulation as abounding banks as accessible with avant-garde software application a action that combines amusing abilities and accomplished artefact and account quality.”
IFRS-compliant accounting convenance has been compulsatory in Hong Kong back 2005. Until now, abounding banks accept relied on appropriate approaches, such as Excel spreadsheets or conditional activity teams, for accounting purposes. However, these concise solutions accept accurate to be complicated and time-consuming if again for consecutive advertisement periods. FERNBACH provides an abreast and accurate accounting arrangement that enables banks to added calmly accommodated their IFRS obligations.
FERNBACH’s FlexFinance® IFRS is a standards-compliant band-aid for double-entry accounting which enables banks to apparatus advanced accounting convenance absolutely adjustable with IFRS while rationalising the absolute action by abbreviation the processing times for all cyberbanking products. Since FlexFinance® IFRS embodies appearance such as IFRS-compliant accounting entries, barrier accounting and authoritative reporting, it is a different and beat band-aid for IFRS implementation. Thanks to the greatest accessible accuracy of the analysis aisle and pre-defined templates, activity times are cut considerably, which in about-face leads to a abridgement in activity costs and risks as able-bodied as affirmed added amount throughout the bank.
Because the IFRS software from FERNBACH is based on an intelligent, centralised Data Management Suite, Chinese banks will be added able to affected the challenges imposed on banking institutions by IFRS compliance. FERNBACH APAC will advice apparatus the cyberbanking software and accommodate bounded abetment in the anatomy of sales, chump abutment and consulting services. A aggregation of IFRS experts, who will use their all-embracing ability and bounded cultural ability to abutment FERNBACH customers, is currently accepting put calm in Hong Kong.
Günther Fernbach, CEO, FERNBACH, said: “Our amplification into Hong Kong is a cardinal accommodation because we accept noticed that the Asia/Pacific bazaar shows a above absorption in abreast IFRS software. We had to accessible a annex of FERNBACH in Hong Kong accouterment civic and all-embracing ability in adjustment to abutment and alternation our absolute barter as able-bodied as action consulting casework to abeyant barter locally. We attending advanced to the claiming of alive in one of the above banking centres in Asia, and accretion the amount of installations we accept there of our award-winning IFRS solution.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed a band-aid alms alleged FlexFinance® which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Controlling, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ECAP.
2009年12月16日星期三
FERNBACH - FERNBACH ally with PricewaterhouseCoopers Korea to authorize IFRS Centre of Excellence
Luxembourg, London & Seoul, 11 March 2008 – FERNBACH, a arch provider of solutions for IFRS accounting and Enterprise-wide Value and Risk Management, has entered into a affiliation with auditing aggregation SAMIL PricewaterhouseCoopers, the Korean affiliate close of PricewaterhouseCoopers. The affiliation involves the enactment of an IFRS Center of Excellence in Seoul, South Korea, to train, brainwash and adapt banks for IFRS compliance. The FERNBACH band-aid FlexFinance® IFRS has already been installed in the centermost and will be acclimated as a advertence point from which banks in the Asia/Pacific arena can validate their IFRS strategies.
In 2011, the acceptance of accounting practices in accordance with International Financial Reporting Standards (IFRS) will become binding in Korea. The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accredit South Korean banking institutions to accomplish accurate and advanced accounting procedures and to acutely abate activity costs and risks acknowledgment to pre-defined templates and optimum transparency.
The primary ambition of the IFRS Excellence Centre is to abutment banks in adopting the new accounting accepted (IFRS). The clearing appear IFRS is a circuitous action acute all-embracing knowledge, ability and experience. The Centre of Excellence will abetment banks in Korea and the absolute Asia/Pacific arena to validate their IFRS strategies through book testing with absolute software, FlexFinance® IFRS, which is already abide in abundant sites about the apple including ICBC (Asia), Mizuho, Commerzbank, HSBC and NORD/LB amidst others.
This centre aswell focuses aloft training with a abundant accent on real-live situations. Experiences with abundant audience in Europe acutely approved a ability gap not addressed in the bazaar until now, amid abstract implementations and absolute hands-on experience. FlexFinance® IFRS is delivered with predefined templates which acquiesce case to bound analyze the binding abstracts and accordingly to ascertain a abstracts above ratio, which is invaluable abnormally if administering gap analyses.
Jae-Sik Kim, a accomplice of SAMIL PwC, said, “FlexFinance® IFRS provides us with the ideal mix amid an chip amalgamation which supports all capital appearance such as basin access to administration ample aggregate of data, artefact agreeable or automated bearing of acclaim and debit entries and aswell an absorbing account of predefined templates with are actual advantageous for optimising and accepting fast accomplishing for all projects.”
Arnaud Picut, Director of Asia/Pacific Region at FERNBACH-Software, said, “This IFRS Excellence Centre is the aggregation amid awful able consultants in accounting and our absolutely adjustable IFRS accounting generator. IFRS is a circuitous affair which requires added than just a package; it requires experts in assorted domains to complete the acceptance of IFRS. SAMIL PwC is able of carrying such assets during a project.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
In 2011, the acceptance of accounting practices in accordance with International Financial Reporting Standards (IFRS) will become binding in Korea. The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accredit South Korean banking institutions to accomplish accurate and advanced accounting procedures and to acutely abate activity costs and risks acknowledgment to pre-defined templates and optimum transparency.
The primary ambition of the IFRS Excellence Centre is to abutment banks in adopting the new accounting accepted (IFRS). The clearing appear IFRS is a circuitous action acute all-embracing knowledge, ability and experience. The Centre of Excellence will abetment banks in Korea and the absolute Asia/Pacific arena to validate their IFRS strategies through book testing with absolute software, FlexFinance® IFRS, which is already abide in abundant sites about the apple including ICBC (Asia), Mizuho, Commerzbank, HSBC and NORD/LB amidst others.
This centre aswell focuses aloft training with a abundant accent on real-live situations. Experiences with abundant audience in Europe acutely approved a ability gap not addressed in the bazaar until now, amid abstract implementations and absolute hands-on experience. FlexFinance® IFRS is delivered with predefined templates which acquiesce case to bound analyze the binding abstracts and accordingly to ascertain a abstracts above ratio, which is invaluable abnormally if administering gap analyses.
Jae-Sik Kim, a accomplice of SAMIL PwC, said, “FlexFinance® IFRS provides us with the ideal mix amid an chip amalgamation which supports all capital appearance such as basin access to administration ample aggregate of data, artefact agreeable or automated bearing of acclaim and debit entries and aswell an absorbing account of predefined templates with are actual advantageous for optimising and accepting fast accomplishing for all projects.”
Arnaud Picut, Director of Asia/Pacific Region at FERNBACH-Software, said, “This IFRS Excellence Centre is the aggregation amid awful able consultants in accounting and our absolutely adjustable IFRS accounting generator. IFRS is a circuitous affair which requires added than just a package; it requires experts in assorted domains to complete the acceptance of IFRS. SAMIL PwC is able of carrying such assets during a project.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
Tel.: + 352 / 40 22 44 - 1
Fax: + 352 / 40 22 44 - 310
About FERNBACH:
FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.
The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.
FERNBACH - FERNBACH ally with IBM GCG to accompany arch IFRS software to banks in China
London & Hong Kong, 26 August 2008 – FERNBACH, a arch provider of solutions for IFRS accounting and Enterprise-wide Value and Risk Management, has entered into a affiliation with IBM China. Together, FERNBACH and IBM China will acquaint FERNBACH’s FlexFinance® IFRS software for banks to China.
FERNBACH’s FlexFinance® IFRS is a standard-compliant band-aid for double-entry accounting which enables banks to apparatus advanced accounting processes that are adjustable with IFRS. The software is based on a centralised Data Management Suite, which ensures that all ratios and letters can be traced to the basal transactions, and enables altered advertisement and acquiescence requirements to be annoyed application the aforementioned database. The FlexFinance® software supports IFRS-compliant accounting entries, barrier accounting and authoritative reporting, and is provided with accepted templates that abundantly advanced implementation.
Under the new partnership, IBM GCG will localise FlexFinance® IFRS for the Chinese market, resell it to banks in China and accommodate aliment and first-line support.
Boon Hien Tan, Partner & Leader of Financial Services Sector, IBM Global Business Services, GCG, said: “IFRS is a top antecedence for IBM China over the next three years and FlexFinance® IFRS from FERNBACH is the a lot of absolute band-aid for the circuitous acquiescence activity banks are facing. We accept already accustomed a bounded aggregation committed to acknowledging FlexFinance® IFRS, and accept amorphous advice the affidavit for Chinese banks. FlexFinance® IFRS is already installed in our abstracts centre, so we are accessible to accommodate consulting and accomplishing account for Banking applicant in China. In the endure two years, we accept had all-encompassing acquaintance in accepted balance projects for Chinese banks, and calm with FERNBACH, we accept an befalling to access the commutual area of IFRS. With a abiding banking accounting architectonics complete on FERNBACH software, Chinese banks will be able to calmly accede not just with IFRS but aswell with any new regulations alien in future.”
Arnaud Picut, Director of Asia/Pacific arena at FERNBACH-Software, said: “This is an important affiliation for FERNBACH. We accept the accent of localisation and bounded support, and IBM is in the ideal position to accommodate both. The IFRS activity requires a bifold competency: both accounting and IT. IBM has accurate ability of implementing accounting systems and setting-up able-bodied and reliable IT architectures. IBM’s all-embracing ability about IT basement will be basic for acknowledging IFRS processes that administer several actor affairs a day. This is the latest date of our bounded advance plans, which accept apparent FERNBACH advance heavily in China. In January, we set up an appointment in Hong Kong, hiring bounded IFRS experts, and we will be establishing an IFRS Excellence Centre in China to advice Chinese banks to drift to IFRS.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
FERNBACH’s FlexFinance® IFRS is a standard-compliant band-aid for double-entry accounting which enables banks to apparatus advanced accounting processes that are adjustable with IFRS. The software is based on a centralised Data Management Suite, which ensures that all ratios and letters can be traced to the basal transactions, and enables altered advertisement and acquiescence requirements to be annoyed application the aforementioned database. The FlexFinance® software supports IFRS-compliant accounting entries, barrier accounting and authoritative reporting, and is provided with accepted templates that abundantly advanced implementation.
Under the new partnership, IBM GCG will localise FlexFinance® IFRS for the Chinese market, resell it to banks in China and accommodate aliment and first-line support.
Boon Hien Tan, Partner & Leader of Financial Services Sector, IBM Global Business Services, GCG, said: “IFRS is a top antecedence for IBM China over the next three years and FlexFinance® IFRS from FERNBACH is the a lot of absolute band-aid for the circuitous acquiescence activity banks are facing. We accept already accustomed a bounded aggregation committed to acknowledging FlexFinance® IFRS, and accept amorphous advice the affidavit for Chinese banks. FlexFinance® IFRS is already installed in our abstracts centre, so we are accessible to accommodate consulting and accomplishing account for Banking applicant in China. In the endure two years, we accept had all-encompassing acquaintance in accepted balance projects for Chinese banks, and calm with FERNBACH, we accept an befalling to access the commutual area of IFRS. With a abiding banking accounting architectonics complete on FERNBACH software, Chinese banks will be able to calmly accede not just with IFRS but aswell with any new regulations alien in future.”
Arnaud Picut, Director of Asia/Pacific arena at FERNBACH-Software, said: “This is an important affiliation for FERNBACH. We accept the accent of localisation and bounded support, and IBM is in the ideal position to accommodate both. The IFRS activity requires a bifold competency: both accounting and IT. IBM has accurate ability of implementing accounting systems and setting-up able-bodied and reliable IT architectures. IBM’s all-embracing ability about IT basement will be basic for acknowledging IFRS processes that administer several actor affairs a day. This is the latest date of our bounded advance plans, which accept apparent FERNBACH advance heavily in China. In January, we set up an appointment in Hong Kong, hiring bounded IFRS experts, and we will be establishing an IFRS Excellence Centre in China to advice Chinese banks to drift to IFRS.”
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
FERNBACH - KT FDS as reseller for FlexFinance® supports amplification of FERNBACH in the Korean market
Seoul & Luxembourg, 19 November 2008 – The Korean aggregation KT FDS and FERNBACH, a provider of award-winning solutions for IFRS, are captivated to advertise a able accord in South Korea. The base of the affiliation is formed by KT FDS accepting the reseller of FlexFinance® articles for Korean banks, which admiration to access the arch IFRS Accounting Generator by FERNBACH.
KT FDS is a reliable action accouterment absolute solutions for banking advice systems, banking consulting, and accouterment solutions for administration and operations. At present, it provides a full-range of casework including developing beat IT technology for operations and aliment in adjustment to fulfil the assorted needs of its clientele.
The role of KT FDS will be continued to the localisation of product, aliment and chump abutment akin 1 and will aswell adduce some outsourcing programs for abiding aliment of FlexFinance®.
Arnaud Picut, Managing Director APAC at FERNBACH, said, ‘For FERNBACH, this is an important footfall to appropriately abode the Korean market. FERNBACH desires to action assorted opportunities for the aliment and abutment of its IFRS solution. Localisation is key, and KT FDS is our adventuresomeness to locally abutment our activity. Furthermore, we will crop account of KT FDS’s able ability on IT infrastructure, which is appropriate to abutment IFRS action of several actor affairs every day.’
The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accommodate Korean banks with an accurate advanced accounting arrangement which adheres to IFRS while abbreviating processing times. By maximising the accuracy of the analysis aisle and demography advantage of the pre-defined templates provided by FERNBACH, Korean banks will decidedly abate both activity risks and costs.
For KT FDS, it is an accomplished befalling to advantage its growing attendance aural the Korean banking sector, which is accent by Mr Hoon Chae, Director Financial Division, KT FDS, ‘KT FDS has acutely authentic IFRS as its capital priorities for the next three years. We accept absitively to advance in IFRS area by architecture a basin of assets able to abutment FlexFinance®. FlexFinance® appears to us as the a lot of absolute band-aid to cope with this circuitous project. Clearly our capital domains of ability are the allocation and accomplishing of reliable and able IT architectonics able to abutment a banking software like FlexFinance®. Convinced that accepting bounded is essential, we accept started the adaptation of several key documentations and website to advice the Korean bankers to bigger accept the package. FlexFinance® has already been installed aural our abstracts centre, we are accessible to start.’
An added ambition of FERNBACH will be the architecture of an IFRS Competence Center in South Korea, area abeyant barter become acquainted with FlexFinance® IFRS in a showroom. The IFRS band-aid from FERNBACH will be installed on the computers in the Competence Centre, appropriately assuming ‘real’ cyberbanking applications in both the foreground and aback offices. This will advice Korean banks to drift their absolute accounting appear IFRS.
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
KT FDS is a reliable action accouterment absolute solutions for banking advice systems, banking consulting, and accouterment solutions for administration and operations. At present, it provides a full-range of casework including developing beat IT technology for operations and aliment in adjustment to fulfil the assorted needs of its clientele.
The role of KT FDS will be continued to the localisation of product, aliment and chump abutment akin 1 and will aswell adduce some outsourcing programs for abiding aliment of FlexFinance®.
Arnaud Picut, Managing Director APAC at FERNBACH, said, ‘For FERNBACH, this is an important footfall to appropriately abode the Korean market. FERNBACH desires to action assorted opportunities for the aliment and abutment of its IFRS solution. Localisation is key, and KT FDS is our adventuresomeness to locally abutment our activity. Furthermore, we will crop account of KT FDS’s able ability on IT infrastructure, which is appropriate to abutment IFRS action of several actor affairs every day.’
The standards-compliant FERNBACH band-aid FlexFinance® IFRS for double-entry accounting will accommodate Korean banks with an accurate advanced accounting arrangement which adheres to IFRS while abbreviating processing times. By maximising the accuracy of the analysis aisle and demography advantage of the pre-defined templates provided by FERNBACH, Korean banks will decidedly abate both activity risks and costs.
For KT FDS, it is an accomplished befalling to advantage its growing attendance aural the Korean banking sector, which is accent by Mr Hoon Chae, Director Financial Division, KT FDS, ‘KT FDS has acutely authentic IFRS as its capital priorities for the next three years. We accept absitively to advance in IFRS area by architecture a basin of assets able to abutment FlexFinance®. FlexFinance® appears to us as the a lot of absolute band-aid to cope with this circuitous project. Clearly our capital domains of ability are the allocation and accomplishing of reliable and able IT architectonics able to abutment a banking software like FlexFinance®. Convinced that accepting bounded is essential, we accept started the adaptation of several key documentations and website to advice the Korean bankers to bigger accept the package. FlexFinance® has already been installed aural our abstracts centre, we are accessible to start.’
An added ambition of FERNBACH will be the architecture of an IFRS Competence Center in South Korea, area abeyant barter become acquainted with FlexFinance® IFRS in a showroom. The IFRS band-aid from FERNBACH will be installed on the computers in the Competence Centre, appropriately assuming ‘real’ cyberbanking applications in both the foreground and aback offices. This will advice Korean banks to drift their absolute accounting appear IFRS.
About FERNBACH:
FERNBACH is a all-around baton in the accouterment of absolute solutions for the accounts industry. Modular account bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures abstracts bendability absolute of absolute business processes and can account circuitous banking ratios. The FlexFinance® Suite is cellophane and absolutely auditable down to the alone business transaction level.
FERNBACH is committed to accouterment addition as able-bodied as accretion performance. Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
FERNBACH - GE Money Bank chooses FERNBACH for IFRS, US GAAP and Czech GAAP alongside accounting
Prague & Luxembourg, 14 January 2009 – FERNBACH, a arch all-embracing provider of solutions for IFRS compliance, multi-GAAP accounting and ICAAP has been called by GE Money Bank Czech Republic to automate its accounting according to three alongside standards: IFRS, US GAAP and Czech GAAP.
The acceding covers these accounting requirements for GE’s 5 banking institutions in the Czech Republic.
The preconfigured FERNBACH solution, FlexFinance® Accounting for alongside accounting, will accommodate GE Money Bank with a advanced arrangement which adheres to such ambitious accounting standards as IFRS.
In accession to IFRS, GE Money Bank Czech Republic will use FlexFinance® Accounting to fulfil the requirements of both US GAAP and Czech GAAP accounting. All three accounting systems are based on a individual abstracts set, which minimises the time bare for automated abstracts import. The advantage of FlexFinance® Accounting is that it uses raw data, which agency that GE Money Bank does not accept to acclimate its absolute systems.
In the past, GE Money Bank Czech Republic has based its accounting convenance on Czech GAAP and on US-GAAP for all-embracing reporting. Since the case has been afresh because to float an affair and due to the accepted move appear IFRS on the accomplished Czech market, a account of anniversary in acquiescence with IFRS is essential. The FlexFinance® IFRS band-aid from FERNBACH will acquiesce the case to present the awful automated, IFRS and US GAAP-compliant statements.
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
The acceding covers these accounting requirements for GE’s 5 banking institutions in the Czech Republic.
The preconfigured FERNBACH solution, FlexFinance® Accounting for alongside accounting, will accommodate GE Money Bank with a advanced arrangement which adheres to such ambitious accounting standards as IFRS.
In accession to IFRS, GE Money Bank Czech Republic will use FlexFinance® Accounting to fulfil the requirements of both US GAAP and Czech GAAP accounting. All three accounting systems are based on a individual abstracts set, which minimises the time bare for automated abstracts import. The advantage of FlexFinance® Accounting is that it uses raw data, which agency that GE Money Bank does not accept to acclimate its absolute systems.
In the past, GE Money Bank Czech Republic has based its accounting convenance on Czech GAAP and on US-GAAP for all-embracing reporting. Since the case has been afresh because to float an affair and due to the accepted move appear IFRS on the accomplished Czech market, a account of anniversary in acquiescence with IFRS is essential. The FlexFinance® IFRS band-aid from FERNBACH will acquiesce the case to present the awful automated, IFRS and US GAAP-compliant statements.
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: + 352 402244-1
Fax: + 352 402244-310
FERNBACH - FERNBACH-Software opens accessory in Seoul, South Korea
Seoul & Luxembourg, 14 July 2009 – Following the latest acknowledged developments in APAC region, FERNBACH-Software has opened a accessory in Seoul to activate the accretion of new barter and facilitate abutment for absolute barter in the region.
Yoon-Sik Ma, who will be accurate by several new consultants, has been recruited as Manager of FERNBACH-Software Korea. Previously, he formed as a solutions able for Fermat for three and a bisected years, managing cyberbanking projects in the APAC region, “Since the accounting procedures in South Korean banks will appear beneath all-embracing accounting regulations from 2010, we are assured an access in appeal for FERNBACH’s FlexFinance® IFRS solution. It is acute to plan with bounded companies on the Korean bazaar so that absolute abutment for projects is ensured. Therefore it was analytic for FERNBACH to expand. I am admiring to be allotment of this amplification and achievement to accomplish FERNBACH's articles adorable for added banking institutions.”
Thanks to the acknowledged accord with KT FDS, a South Korean aggregation specialising in solutions for banking advice systems, banking consulting, administration and operations, FERNBACH won Koreas arch case Woori Financial Group as a chump in March 2009. This win and the affiliation with KT FDS enabled FERNBACH to access the South Korean market. Together FERNBACH and KT FDS can absolutely accredit Woori and added banks to accept their specific bounded requirements dealt with promptly and efficiently.
FERNBACH’s FlexFinance® IFRS software is a standards-compliant band-aid for double-entry accounting which provides reliable and absolutely automated procedures to ensure the abutting accessible adherence to IFRSs while abundantly abbreviation the processing times for all banking products. IFRS-compliant accounting and advertisement is enabled by the pre-processing operation which encompasses all the elements all-important for accurate valuation. FlexFinance® IFRS aswell absolutely supports the specific requirements for barrier accounting or impairment.
FlexFinance® IFRS, which is based on an able and centralised Data Management Suite, can be chip into any appliance ambiance after difficulty, a actuality that will accredit South Korean banks to affected the challenges presented by the International Financial Reporting Standards. FERNBACH’s experts will accommodate on the arena abutment bare for accomplishing and will act as hands-on consultants.
Arnaud Picut, FERNBACH Managing Director – APAC, commented, “The accord with Woori Financial Group and KT FDS showed that there is a all-inclusive absorption in a avant-garde IFRS band-aid in South Korea. Since the approaches acclimated by abounding banks are complicated and time-consuming, they accept accepted to be acutely concise solutions. FERNBACH’s cold is to appoint at an all-embracing akin and appropriately accommodate banks above APAC including South Korea with a avant-garde and accurate accounting arrangement that fulfils the IFRS requirements added calmly and accurately.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added advice data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: +352 402244-1
Fax: +352 402244-310
Yoon-Sik Ma, who will be accurate by several new consultants, has been recruited as Manager of FERNBACH-Software Korea. Previously, he formed as a solutions able for Fermat for three and a bisected years, managing cyberbanking projects in the APAC region, “Since the accounting procedures in South Korean banks will appear beneath all-embracing accounting regulations from 2010, we are assured an access in appeal for FERNBACH’s FlexFinance® IFRS solution. It is acute to plan with bounded companies on the Korean bazaar so that absolute abutment for projects is ensured. Therefore it was analytic for FERNBACH to expand. I am admiring to be allotment of this amplification and achievement to accomplish FERNBACH's articles adorable for added banking institutions.”
Thanks to the acknowledged accord with KT FDS, a South Korean aggregation specialising in solutions for banking advice systems, banking consulting, administration and operations, FERNBACH won Koreas arch case Woori Financial Group as a chump in March 2009. This win and the affiliation with KT FDS enabled FERNBACH to access the South Korean market. Together FERNBACH and KT FDS can absolutely accredit Woori and added banks to accept their specific bounded requirements dealt with promptly and efficiently.
FERNBACH’s FlexFinance® IFRS software is a standards-compliant band-aid for double-entry accounting which provides reliable and absolutely automated procedures to ensure the abutting accessible adherence to IFRSs while abundantly abbreviation the processing times for all banking products. IFRS-compliant accounting and advertisement is enabled by the pre-processing operation which encompasses all the elements all-important for accurate valuation. FlexFinance® IFRS aswell absolutely supports the specific requirements for barrier accounting or impairment.
FlexFinance® IFRS, which is based on an able and centralised Data Management Suite, can be chip into any appliance ambiance after difficulty, a actuality that will accredit South Korean banks to affected the challenges presented by the International Financial Reporting Standards. FERNBACH’s experts will accommodate on the arena abutment bare for accomplishing and will act as hands-on consultants.
Arnaud Picut, FERNBACH Managing Director – APAC, commented, “The accord with Woori Financial Group and KT FDS showed that there is a all-inclusive absorption in a avant-garde IFRS band-aid in South Korea. Since the approaches acclimated by abounding banks are complicated and time-consuming, they accept accepted to be acutely concise solutions. FERNBACH’s cold is to appoint at an all-embracing akin and appropriately accommodate banks above APAC including South Korea with a avant-garde and accurate accounting arrangement that fulfils the IFRS requirements added calmly and accurately.”
About FERNBACH:
FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.
FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.
Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.
www.fernbach.com
For added advice data amuse contact:
FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG
Tel.: +352 402244-1
Fax: +352 402244-310
订阅：
博文 (Atom)