Phase 3 · Umstellung
Financial Services & Insurance · Finance & Operations
An accounting hub for a multi-entity lender.
Core lending sub-ledgers integrated to F&O with maker-checker disbursements and IFRS 16 leasing.
The client
Multi-entity lender
A regulated lender with several legal entities and a core lending system that did not talk to the ledger.
Before
Reconciliation as a department
Sub-ledger activity was summarised by hand into journals. Disbursements ran through bank portals outside the system.
Solution
Finance & Operations as the accounting hub
AccountingFlow 365 receives lending activity and posts it under controlled rules. DisbursementFlow 365 validates accounts and runs maker-checker batches to any bank. LeasingFlow 365 handles IFRS 16.
After
One close, one audit trail
Results are shared on request, with the client's agreement.