TRUSTED BY
The transparency and evidence-based calculations of ProVision are highly valued not only by the bank's own specialists but also by regulators and auditors. The use of ProVision with detailed logging has been validated through successful practical experience in many banks.
PROVISION IS...
The answer to all questions that banks have about IFRS 9 compliance:
- What methodology should be used for calculating provisions?
- What information is considered reasonably necessary and verifiable under IFRS 9?
- How to calculate provisions when there are different types of assets in the portfolio?
- How to account for impairment stages and the provision lifecycle?
- How to generate reports that will satisfy auditors and regulators?
OUR SOLUTION
ProVision was developed to address all these challenges that banks face when calculating provisions under IFRS 9. It is an advanced comprehensive software solution specifically designed to meet this challenge. ProVision continuously evolves based on feedback from financial industry representatives.
WHO IS THIS SOLUTION FOR?
ProVision is the ideal choice for banks seeking to comply with IFRS 9 standards, optimize provisioning processes, and enhance transparency in their interactions with regulators and auditors. The solution effectively automates asset classification processes, risk segmentation, and detailed provision calculations.
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Customizable working methodology tailored to each bank individually
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Automated processes
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High-speed system
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Provision calculation in just a few hours
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Multiple calculation methods to address insufficient statistical data
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Preservation of calculation history for all components and final ECL
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Responsive technical support during monthly asset impairment assessment
SOLUTION ADVANTAGES
