Part 3 of 3: How will IFRS 9 impact your IT architecture?
Compliance with the complex new IFRS 9 accounting standard for financial instruments requires an overhaul of your accounting processes and IT systems – and the compliance deadline is 2018. These changes will have a direct impact on your accounting department and create a ripple effect across IT and other functional areas across your company. Our three-part survival guide is designed to help Risk, Finance, Operations and IT teams understand the ruling, identify the process changes they will need to make, and choose the best technology.
In Part Three of the guide, you will discover:
- The degree of impact you can expect IFRS 9 to have on a bank’s business processes, including sales and distribution, production and accounting
- The level of integration required between core accounting processes and other systems that provide critical information into the accounting stream
- A comparison of IFRS 9 requirements and challenges with the benefits of accounting automation and integration
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