Business Wire

Aptitude Extends Product Portfolio With IFRS 17

Del

To equip insurance CFO’s who will need to act following this morning’s announcement by the International Accounting Standards Board (IASB), Aptitude Software announces the Aptitude IFRS 17 Solution.

The Aptitude solution will perform IFRS 17 calculations in line with what has been documented by the accounting regulator and addresses the range of processing and systems requirements captured via the company’s extensive market discussions.

IFRS 17 requires extensive changes to finance statements as well as the processes and systems insurance companies rely on to produce management information. As raised on this morning’s IASB webinar, insurance companies are concerned about implementation costs, data requirements, the levels of contract aggregation and the inherent requirement to enhance financial control in their accounting systems.

Aptitude’s specialist accounting product approach enables insurance companies to address the IFRS reporting requirements efficiently, reduce implementation cost and risk and achieve accounting best practice.

These benefits are delivered by plugging holes in insurance companies’ existing systems architectures. The Aptitude solution will embed IFRS 17 processes such as insurance contract portfolio management and P&L attribution, incorporates an ‘out of the box’ insurance data model and accounting templates, and leverages the depth and performance of Aptitude’s proven, packaged operational accounting platform.

Importantly the Aptitude approach delivers flexibility to support other accounting and regulatory reporting requirements, including IFRS 9 and IFRS 16.

“The onslaught of current accounting policy changes – including IFRS9,

IFRS 15, IFRS16, and IFRS17 – all require enterprises to realize control and account for granular contract detail in their business” says Ross E. Chapman, Aptitude Software’s Marketing Director.

“The Aptitude IFRS 17 solution will equip insurance finance teams with the foundation to address these requirements while improving control, transparency and insight over future accounting.”

The finalized IFRS 17 standard can be accessed via the following link: http://www.ifrs.org/Features/Pages/IFRS-17-insurance-contracts.aspx

For more information on the Aptitude IFRS 17 solution, please contact info@aptitudesoftware.com

Join Aptitude Software at upcoming events

1 June 2017 – IFRS 17 Roundtable – Merchant Taylor’s Hall, London

Aptitude Software brings together industry experts to discuss the impact of IFRS 17 and how to develop strategies to deal with it. Join Deloitte, KPMG, AIG, RSA, L&G, HSBC Insurance, Direct Line and others.

RSVP to info@aptitudesoftware.com

7 June 2017 – Data for InsuranceERM Event – Hilton Bankside, London

Aptitude Software will lead a discussion and panel about the impact of IFRS 17 on actuarial, data and finance systems. For inclusion in the panel, please contact rosse.chapman@aptitudesoftware.com

About Aptitude Software

Aptitude Software delivers specialist enterprise finance applications to enable CFO’s to supercharge control, reporting and analysis.

The company’s software controls and automates high volume, complex accounting processes to provide solutions to problems that aren’t well served by legacy ERP and IT-centric approaches.

Our mission is to equip CFO’s to fulfill their strategies and ambitions.

Aptitude Software is a Microgen plc company (LSE: MCGN).

Copyright © Aptitude Software Inc. 2014-2017.

Microgen ® Microgen plc. Aptitude™ Aptitude Software Limited.

Aptitude IFRS 17 Solution™ Aptitude Software Limited

Contact information

For more information:
Aptitude Software
Ross E. Chapman
+44 207 496 8100
info@aptitudesoftware.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Trump International Hotel Washington, D.C. Announced as First Forbes Five Star Hotel in Downtown Washington, D.C.22.2.2018 19:21Pressemelding

Trump International Hotel Washington, D.C. announces today that it has been awarded the 2018 Forbes Five-Star recognition, making it the first hotel to receive the prestigious distinction in Downtown Washington D.C. Forbes Travel Guide, the global authority on luxury travel, sends anonymous professional inspectors around the world to assess hotels, restaurants and spas against up to 800 objective standards focused on service and facilities. Just opened a short fifteen months ago, the property is located on Pennsylvania Avenue in the center of the city at the site of the Old Post Office. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222006277/en/ Trump International Hotel Washington, D.C. (Photo: Business Wire) Mickael Damelincourt, Managing Director, oversaw the recruitment and selection of the executives whose teams would lead the hotel through the construction and opening phases, instilling a commitment to the highest l

Entrust Datacard and Infineon Partner to Reduce Complexities with Securing IoT Deployments22.2.2018 18:30Pressemelding

Entrust Datacard, a leading provider of trusted identity and secure transaction technology solutions, today announced it has joined the Infineon Security Partner Network (ISPN). The ISPN is part of Infineon Technologies AG, a leading provider of semiconductor solutions used in automotive, industrial, computing and Internet of Things applications. The ISPN is composed of associated and preferred security partners who are proven experts in security consulting, security solution provisioning, electronic design, systems integration and trust services management. The new partnership will apply the Entrust Datacard™ ioTrust™ Security Solution that uses identity-based technology to help securely connect the people, applications and devices that power the connected world. The tiered software uses sophisticated cryptographic technology to provide identity issuance, management and data security of connected things within industrial environments. As a global leader in Trusted Platform Modules (TP

Blue Danube Systems Joins xRAN Forum as a Massive MIMO System Supplier Fully Committed to Open Interfaces22.2.2018 18:10Pressemelding

Blue Danube Systems, a provider of intelligent wireless access solutions that help mobile operators address the challenge of explosive data growth, today announced that it has joined the xRAN Forum (www.xran.org). The xRAN Forum was formed by several leading global mobile operators to develop, standardize and promote an open alternative to the traditionally closed, hardware-based RAN (Radio Access Network) architecture. Massive MIMO systems are widely recognized to be a critical element of future 5G wireless networks. Blue Danube’s unique approach to Massive MIMO, based on the company’s underlying High Definition Active Antenna Systems (HDAAS™) technology, not only delivers capacity gains in existing LTE networks with today’s smartphones but also enables intelligent analytics-based RF virtualization for multi-site network performance optimization. Blue Danube’s first Massive MIMO product, the BeamCraft™ 500, has been deployed at four FDD-LTE operators to date, interfacing to four diffe

Blue Danube Systems First to Demonstrate Benefits of FDD Massive MIMO in Clustered Multi-Sector Deployments22.2.2018 18:07Pressemelding

Blue Danube Systems, a provider of intelligent wireless access solutions that help mobile operators address the challenge of explosive data growth, today announced it has successfully expanded the commercial deployment of its massive MIMO solution to multiple clustered cell sites, demonstrating total capacity improvements for directly adjoining sectors on existing LTE networks using current smartphones. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222006158/en/ Blue Danube Systems First to Demonstrate Benefits of FDD Massive MIMO in Clustered Multi-Sector Deployments (Photo: Business Wire) Despite the prevalent view that Massive MIMO systems will be central to 5G networks, it has not been clearly proven that the technology is deployable beyond isolated high-demand sectors where effects such as adjacent cell interference must be addressed. In fact, common digital-only Massive MIMO implementations typically operate as clos

Avnet and IDEMIA Develop Highly Flexible ‘Plug & Play’ Cellular Connectivity Solution for IoT and Industry 4.0 Applications22.2.2018 16:08Pressemelding

Avnet (NYSE: AVT), a leading global technology distributor and IDEMIA (formerly known as OT-Morpho), the global leader in Augmented Identity, have joined forces to collaborate on the development of a new future-proof cellular connectivity solution that meets the growing communication requirements for Internet of Things (IoT) and Industry 4.0 applications. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222005966/en/ (Photo: IDEMIA) The new ‘plug & play’ eUICC (embedded Universal Integrated Circuit Card) and SM-SR (Subscription Management Secure Routing) delivers product future-proofing capability to IoT application solution providers and other businesses. It provides them with the ability to easily choose a mobile network operator (MNO) without eventually having to manually change the embedded SIM card in their cellular connectivity-based devices, machines and sensors that are already deployed in the field. The product bund

TINE Boosts Logistics Performance with Quintiq’s Route Optimization Technology22.2.2018 15:41Pressemelding

Quintiq, a Dassault Systèmes company and global leader in supply chain planning and optimization (SCP&O), announced that its tactical planning solution for TINE AS has resulted in more cost-effective routes. Given the success of this project, the leading Norwegian dairy producer is now embarking on a second phase to further enhance its tactical planning and expand the solution’s scope to include operational planning. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222005936/en/ TINE goes further with optimized logistics. Credit: Bo Mathisen Last year, TINE went live with the first phase of the Quintiq solution, designed to optimize the company’s last-mile delivery of dairy products on a tactical level. TINE’s planners used Quintiq to plan shipment routes from central distribution centers all over Norway to customers. They were able to manage the complexity of trailer swapping, various types of resources, dynamic time window