Financial Consolidation
The finance function is faced with challenges in performing financial consolidation, be it manually or by using convoluted systems. Numa Consolidation automates the financial consolidation process, leading to speedy group account closing, improved reporting and enable greater analysis of group performance.
Client Use Case:
A subsidiary of a Malaysia oil and gas company has implemented our Financial Consolidation solution across all its 30 entities in 18 countries over 6 continents. Our solution helps the group company to complete the closing in just 5 days as compared to months before. Data collation and coordination are now fully automated which lead to great time savings in the preparation of financial reports.
Numa IFRS 9 (Expected Credit Loss)
Numa IFRS 9 solution facilitates the end-to-end calculation for the ECL (Expected Credit Loss) estimates by addressing the data extract, stage tagging, Probability-of-Default (PD), Loss-Given-Default (LGD) calculation, ECL computation and also disclosure.
Client Use Case:
A Malaysian bank was able to complete impairment computation in hours as compared to days using powerful, in-memory processing and optimized model templates. They are now more agile in meeting the ongoing demands of credit impairment accounting requirements with tight production timelines.
We also provide bespoke planning solutions:
- Financial Planning & Budgeting
- Corporate Financial Reporting
- Customer Insights
- Sales Forecast / Revenue Planning