Overview
Accounting Hub is an optional software module that operates as a link between the other modules of zeb.control.accounting and the core posting system of the bank. The role of Accounting Hub is to merge, analyze and transfer information according to local GAAP and IFRS. It transforms the transactions supplied by the zeb.control.accounting modules into posting entries adjusted to the specific account classification and the bank's individual posting approach. Further it transfers them to the core posting system via an export interface. The posting engine has an object-oriented accounting system in which measures with asset and profit information are maintained for each financial object. All transactions according to IFRS or local GAAP are supported as wells as trade date and settlement date accounting. By means of a flexible configurable and rule based framework for accounting record generation, the object-oriented accounting system generates IFRS-compliant postings on the basis of the posting amounts supplied by zeb.control.accounting – Valuation. The graphical interface enables analysis options for three perspectives: business transactions, figures and general ledger postings. In the business transactions perspective it is possible to set filters for financial instruments or flexible filters for functional units and business transactions. In the figures perspective multi-GAAP key figures can be measured on single contract level. The illustration is freely configurable and thematically arrangements are realized by filters. Beside general ledger postings for single contracts, single postings can also be aggregated to collective postings. In case of collective postings the perspective general ledger postings shows the posting relevant ratio of the selected financial instruments. Data are stored related to single transactions and their quality is reviewed regularly and audit-proof data corrections are done.
Key Features
- Multi-GAAP key figures can be measured on single contract level
- Collection of different information in harmonized views
- Data storage related to single transactions
- Generation of postings with flexible interface to general ledger
- Analysis options via figures / business transactions / general ledger postings
- Data quality reviews incl. audit-proof data correction
Key Benefits
- zeb’s expert knowledge of IFRS 9 Standard – proven track record
- Implementation expertise at international institutions with different size and complexity
- Low investments by integration into existing IT landscapes
- Efficient solution with customizing options – fast, flexible and easy to use
- State-of-the art technology