ONESUMX FOR FINANCE, RISK & REGULATORY REPORTING
Wolters Kluwer’s OneSumX for Finance, Risk & Regulatory Reporting is a best-in-class integrated solution suite that establishes a single source of data for finance, risk and regulatory reporting and is enriched with value-added content from our in-house experts. Our approach dramatically improves insight and analysis across an enterprise, enabling you to make clear decisions in today’s rapidly changing regulatory environment.
OneSumX provides the scale needed to process the large volumes of data called for under new data-driven regulatory regimes. The solution preserves data lineage at each functional stage to facilitate future-proofed, end-to-end regulatory compliance. OneSumX, through its integrated, standardized and centralized approach to finance, risk and regulatory reporting, empowers you to capture data from across your enterprise and transform it into actionable information.
OneSumX for Finance: Taking a more integrated approach to enhance business processes
Finance departments are asked to produce increasingly sensitive and detailed measures, often more quickly than ever. OneSumX for Finance helps to streamline and automate the finance chain and allows firms to better manage complex business processes. The comprehensive OneSumX suite offers robust technology to address consolidation, budgeting and forecasting, as well as financial accounting standards, including IFRS 9. This is coupled with an accounting engine capable of supporting multi-GAAP regimens, generating rich content at the most granular level. Taking an integrated approach across multiple disciplines, OneSumX for Finance gives you the flexibility in data, rules, workflows, controls and business intelligence to successfully support developments in finance.
OneSumX for Risk: Creating a more accurate picture of risk by viewing it from different angles
Financial institutions are perpetually challenged to develop better risk management indicators and more integrated risk management processes, and to embed a proper appreciation of risk in the front office. These lines of defense are intended to improve efficiency and develop links between risk and finance to optimize measures of risk-adjusted performance by ensuring an effective risk-based approach across an organization. OneSumX for Risk empowers institutions to deliver processes, best practices, regulatory intelligence, and the analytics required of businesses in a highly regulated industry, by enabling two critical views of risk: financial risk independent of regulation, and risk management from a regulatory perspective. Looking at risk through these two lenses helps to provide firms with a holistic view of their risk profile, while considering the impact that increasing supervisory scrutiny has on their business.
OneSumX for Regulatory Reporting: Drawing data from many sources to meet many needs
Institutions need to create accurate and timely reports to fulfill a variety of internal and external requirements. OneSumX for Regulatory Reporting uses a common, standardized data model that harnesses financial intelligence across your enterprise, while maintaining the specific requirements of local regulators. Delivered in the cloud or on premises, our solution improves the accuracy, timeliness, quality and efficiency of a firm’s regulatory reporting processes, and covers a diverse range of reporting types, including financial, prudential, transactional and granular. Through the combination of our long-term vision, in-depth expertise and award-winning technology, firms not only achieve regulatory compliance, but generate deeper insight and improve decision making.
Key benefits:
- Connect critical data across your enterprise
- Improve strategic decision making by encouraging departments to work together
- Run event-based accounting throughout the lifetime of a transaction
- Align, consolidate and disclose data for complex regulatory frameworks
- Run a wide range of analytics and modeling capabilities on your balance sheet
- Depict your full risk profile to help you navigate a turbulent regulatory landscape
- Project balances across all risk types, showing how they will evolve over time
- Use enriched, reconciled data from different departments to create consistent reports
About Wolters Kluwer
Wolters Kluwer Finance, Risk & Regulatory Reporting, part of Wolters Kluwer’s Governance, Risk & Compliance division, is a global market leader in integrated regulatory compliance and reporting solutions. We provide financial institutions with unparalleled levels of integration among finance, risk and regulatory reporting business processes as they work to satisfy commercial objectives and meet obligations to external regulators. Wolters Kluwer, headquartered in the Netherlands, serves customers in more than 180 countries, maintains operations in more than 40 countries and employs 19,200 people worldwide.