Dealing with Individually impaired contracts remains a challenge for institutions when adopting IFRS 9, despite these contracts having a significant impact on the final Expected Credit Loss number. Most of the companies rely on excel files being sent back and forth which is time consuming and difficult to trace. Enjoy the video below to see how ElysianNxt handles the topic of individual impairment with on the fly calculations and governance through an end-to-end workflow which makes this process very simple and easy. By the way, you can still enjoy this great feature even if your underlying IFRS9 system is not ours. Time to trade up!

ElysianNxt is the pioneer in real time enterprise wide Risk and Finance calculations for the Financial Industry. We help Financial Firms to respond faster and more cost effective to the global regulatory trends. ElysianNxt have offices in Bangkok, Jakarta and Belgium.