Don't delay

The time is now for IFRS 9 compliance

Today's automated solution for tomorrow's compliance

The demands of IFRS 9 make impairment accounting automation a must.

Instead of building your own solution, KPMG gCLAS can save you time and money. Take advantage of this critical preparation window to get ahead of IFRS 9 impairment.

Accelerate IFRS 9 implementation with KPMG gCLAS and learn how our team of professionals can help you be IFRS 9 ready in 2018.

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Global Credit Loss Accounting Solution

  • Costs up to 85% less than developing your own solution.
  • Save 12-18 critically important months.
  • Identify, dispose or rework stage 2 financial assets under current IFRS accounting.
  • Get better insights to help you rethink investment, business and pricing strategies.
  • Deploy in-house or leverage our Software as a Service (SaaS) solution, whichever is right for you.

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Advantage beyond compliance

KPMG Global Credit Loss Accounting Solution (gCLAS) is a powerful software application designed to help financial institutions cut through the complexity of International Financial Reporting Standards 9 (IFRS 9) compliance. It accepts user defined parameters while automating critical components of the credit risk management and accounting functions for the measurement and recognition of financial asset impairment.

Key features:

  • Expected credit loss modelling – KPMG gCLAS uses sophisticated multi-year transition matrices to derive loss and prepayment expectations.
  • Cash flow projections – It automatically generates and discounts contractual and expected lifetime cash flows by asset, including prepayment modelling and effective interest rate calculations.
  • Stage assignment and tracking – It simultaneously tracks input risk grades and delinquency data in order to assign financial assets to stage 1, 2, or 3 based on user defined parameters.
  • Accounting for impaired assets – It automates accounting functions, including the generation of journal entries and financial statement disclosure reports.
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