Sri Lanka’s Providence and US’ Wolters Kluwer Financial Services bring IFRS to local banks
View(s):Providence, a leading provider of IT and technology related services, along with Wolters Kluwer Financial Services, a worldwide provider of compliance, risk management and audit solutions, has brought the latest and most up to date solution for IFRS – OneSumX – to Sri Lanka.
OneSumX is being used by more than 180 banks worldwide, ensuring they are compliant with IFRS 7 and 9. A team of specialists who are well-versed in the latest guidelines set out by the international financial reporting standards (IFRS) are responsible fo implementing the solution globally, the local company said.
Providence is a leading service provider of software solutions expertise with close to a decade of experience in integrated systems. Inhouse certified specialists in the implementation of IFRS for banks allow the team at Providence to deliver the latest financial reporting standards to local banks and support them in the process.
Wolters Kluwer Financial Services helps organizations around the world manage risk and compliance, and grow safely and profitably by providing software, expertise and services to help them make critical business decisions. Only Wolters Kluwer Financial Services can deliver powerful solutions that help financial services organizations address risk and compliance challenges at all levels of their organization.