As a holding company, managing multiple subsidiaries and investments can be complex. IFRS 9, the new financial reporting standard, can help streamline your financial operations and provide a clearer picture of your group’s financial health.
IFRS 9 Benefits for Holding Companies
IFRS 9 offers several benefits for holding companies, including:
Improved risk management
IFRS 9’s expected credit loss (ECL) model helps you identify potential credit risks and make informed decisions.
Enhanced transparency
IFRS 9 provides a consistent framework for reporting financial assets and liabilities, making it easier to compare performance across subsidiaries.
Simplified consolidation
IFRS 9’s single model approach eliminates the need for multiple impairment models, reducing complexity and costs.
But, implementing IFRS 9 can be challenging, especially for large holding companies with multiple subsidiaries.
That’s where Estimator9 comes in – our automated IFRS 9 solution!
Estimator9 – Our Automated IFRS 9 Solution
Estimator9 simplifies the IFRS 9 implementation process, providing:
- Accurate ECL calculations
- Automated impairment testing
- Comprehensive reporting and disclosure
Don’t let IFRS 9 implementation hold you back. Try Estimator9 today and streamline your financial reporting!
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