A comprehensive solution for IFRS 17 reporting
Your IFRS 17 reporting process, can be developed in an effective, lean and iterative way, minimising the risk of investing in systems and developments that are unnecessary. The goal is to keep it as simple as possible, and not add unnecessary complexity to your reporting processes.
Integration and Control
The integration process will focus on connecting current client solutions, such as a Stochastic Calculation Tool, DWH, General Ledger system etc., and implement an IFRS 17 Data Mart that will collect and distribute data between back-end systems calculation tools and reporting solutions.
The key is to set up the client specific parameters and calculation rules, in a controlled environment, so users and stakeholders of reporting can easily understand the actions and data that their results are based on.
An important question to cover, is how IFRS 17 should relate to your current reporting processes, what can be re-used and what do you need to develop in addition to what you already have in place, in terms of data, calculations and systems.