Presently, financial reporting standards are becoming greatly tight. Any software engineering blog will tell you that tight international accounting standards call for new productive effective solutions. Oracle has announced the launch of its contemporary product which is supposed to help companies compensate their need in effective enterprise solutions. The following news report further expands on the topic proving the fact that the current market situation needs a stable software development firm to meet customers' needs.
Oracle software development firm has launched its new program Oracle Financial Services Hedge management and IFRS Valuations. The new product is likely to provide institutions with efficient ways of keeping to IFRS standards.
Odd and manual hedging and accounting processes are becoming ineffective and inadequate, new IFRS standards report. Given today's market changeability, the processes like these must be fully automated.
New regulatory documents, namely Dodd-Frank Wall Street Reform and Consumer Protection Act in the USA, a document suite in the area of bank regulation, and adopted IFRS standards foresee the necessity of a harsh coordination of treasury operations and risky operations with regulators' requirements. There is an evident need in a productive enterprise software solution to help businesses cope with new requirements.
Financial corporations will greatly benefit from Oracle's new software solution. The most significant points of the program are as follows.
It helps follow IFRS standards by classifying and calculating a fair cost of financials. The new solution works out the adequate rate of interest and controls hedging adequacy.
The solution creates and regulates a hedging strategy. This is necessary for the most productive capital distribution. Corporations can now supervise the productiveness of retrospective hedging, carry out a what-if analysis and apply stress-testing to check the effectiveness of hedging termination procedures and their smooth supervision.
The solution also allows using a single calculation mechanism for treasury and accounting departments. It uses a general data quality control and coordination processes in financial risk management applications.
As far as we can see, Oracle has once again confirmed its reputation as a productive supplier of business applications. The developer is a true leader amongst app developers due to the fact that it always tries to keep pace with the most current trends of the enterprise app development market. Oracle is surely unique and precise because it always conforms its solutions to their customers' specific demands. The cutthroat competition on the market is really tough currently. It is important to stay concentrated and precise.
Like Oracle, enterprises must stay comitted and consistent.
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