Changing to succeed
The journey to IFRS compliance is a complex challenge for companies worldwide, from public interest entities to multinational corporations. The task demands managing diverse accounting practices, reconciling multiple adjustments, and navigating intricate corporate structures, all while striving for transparency and consistency in financial reporting.
1C:Perform Corporate Performance Management (CPM) solution and 1C:ERP can radically simplify the IFRS reporting process.
They offer seamless data consolidation, ensure compliance, and streamline financial reporting, making IFRS reporting efficient, precise, and audit-ready.
Industry challenges
The requirements of IFRS demand meticulous attention to detail and a comprehensive understanding of diverse financial practices across global operations. Companies are often confronted with several core issues that can impact their reporting accuracy and efficiency.
Consolidation of diverse accounting systems
Multiple adjustments and reconciliations
Complex organizational structures
Regulatory compliance and transparency
Efficiency and automation of reporting processes
Real-time accounting with IFRS support
Addressing IFRS challenges is crucial for maintaining financial integrity and compliance. 1Ci solutions—1C:Perform and 1C:ERP—can tackle the intricacies of IFRS reporting: they streamline data integration, simplify consolidations, and automate the reporting process.
By deploying 1Ci ERP and CPM for IFRS reporting you will
Benefit from a flexible and adaptable solutions that meet the specific needs of your organizational structure and industry.
Ensure accurate, uniform, and transparent financial reporting compliant with IFRS standards.
Automate the IFRS reporting process, from data collection to final report generation, reducing the time spent on compliance tasks.
Comprehensive solutions for IFRS reporting
IFRS compliance
- Automatic adjustments for compliance with IFRS
- International accounting standards based on real-time accounting posting templates
- Wide range of corrections from local GAAP to IFRS
- Methodological support from BIG4
Consolidation of reporting
- Reconciliation and elimination of intercompany transactions
- Consolidation of reporting for holdings, with support for complex company structure
- Elimination of debts and unrealized margins in the group's assets
- Unification of reporting, transparency and accountability in financial disclosures
Flexibility and integration
- Importing data from various systems, including Excel and various accounting systems
- Supporting for any company structure, even holdings
- Adaptation to almost any company reporting requirements and existing IT infrastructure
Who will benefit from using CPM for IFRS reporting?
Business Owner
Financial director
Business Processes to Automate
1C:Perform, our cutting-edge CPM solution, is engineered to elevate IFRS reporting processes, ensuring accuracy, compliance, and strategic insight.
Key business processes to automate with 1C:Perform include:
How it works
1Ci solutions perfectly fit businesses requiring IFRS reporting.
Utilize a comprehensive budgeting tool for operations and projects within the group, accommodating any level of budgeting complexity effortlessly.
Underlying products and technologies
1Ci CPM and ERP solutions for IFRS reporting are based on cutting-edge and customer-proven
business automation solutions
1C:Perform
1C:Enterprise
1C:ERP
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