Swiss-based EFG Financial Products (EFG FP) has selected Financial Architects' (FinArch) integrated finance and reporting platform to meet its needs for IFRS accounting, and Swiss GAAP and FINMA reporting.
FinArch said EFG FP has selected the Financial Studio Trading Sub Ledger to automate and manage their trade related accounting and reporting process, from deal to disclosure.
The solution will deliver event based accounting, automated FX processing, and will enable both internal management reporting as well as IFRS and Swiss GAAP reporting, added FinArch.
EFG FP member of the executive committee Volker Doberanzke said they have invested in a new solution that will help them to manage the accounting and reporting requirements. With FinArch and Financial Studio they have found the technology partner they were looking for.
FinArch chief commercial officer Nigel Lee said they have a partnership approach and they will keep on supporting EFG FP with their expert knowledge and solutions as they grow.
"Our risk and finance experts are at the disposal of all our clients to help them understand the impact of new business challenges and external regulations, and offer them the solutions they need to support their specific business model, aligned to their own specific corporate objectives and mission," added Lee.