Wolters Kluwer’s OneSumX Solution Recognized for Cutting-Edge IFRS 9 Innovations

Wolters Kluwer’s OneSumX Solution Recognized for Cutting-Edge IFRS 9 Innovations

(IN BRIEF) Wolters Kluwer’s Finance, Risk and Regulatory Reporting (FRR) division’s OneSumX solution has been recognized with the Best Regulatory Compliance Solution for IFRS 9 award at the APAC Awards 2024 by RegTech Insight. OneSumX IFRS 9 simplifies compliance with International Financial Reporting Standard 9 (IFRS 9) by offering a comprehensive framework for data capture, management, and reporting. The accolade underscores Wolters Kluwer’s commitment to delivering cutting-edge regulatory compliance solutions.

(PRESS RELEASE) ALPHEN AAN DEN RIJN, Netherlands, 6-Mar-2024 — /EuropaWire/ — Wolters Kluwer N.V. (AMS: WKL), global provider of professional information, software solutions, and services in health, tax & accounting, ESG, finance, compliance, and legal, proudly announces that its Finance, Risk and Regulatory Reporting (FRR) division has clinched top honors from RegTech Insight. OneSumX, the flagship offering from FRR, has been bestowed with the prestigious Best Regulatory Compliance Solution for IFRS 9 accolade at the esteemed APAC Awards for 2024.

OneSumX IFRS 9, a component of the comprehensive OneSumX suite, facilitates seamless adoption of the complete International Financial Reporting Standard 9 (IFRS 9). This state-of-the-art solution furnishes clients with a robust framework for meticulous capture and storage of contract-level data. It streamlines event and transaction management, IFRS calculations, accounting processes, culminating in the efficient delivery of disclosures.

“Our OneSumX IFRS 9 solution supports regulatory disclosures from local supervisors across the globe and offers powerful reporting tools,” remarked Jeroen Van Doorsselaere, Vice President of Product and Platform Management at Wolters Kluwer FRR. “We are proud to be recognized for innovation and product excellence and a leader in regulatory compliance solutions.”

The RegTech Insight Awards, renowned for acknowledging solutions that enhance firms’ ability to navigate evolving regulatory landscapes in the global financial services sector, is adjudicated by a distinguished panel comprising senior executives from Credit Suisse, DBS Bank, HSBC, OCBC Bank, and Standard Chartered.

Angela Wilbraham, CEO at A-Team Group and host of the 2nd annual RegTech Insight Awards APAC 2024, extended congratulations to Wolters Kluwer, stating, “These awards celebrate providers of leading RegTech solutions, services and consultancy across Asia-Pacific. The winners were selected by A-Team Group’s RegTech Insight community and demonstrated exceptional creativity in building solutions that solve regulatory challenges. Our congratulations go to Wolters Kluwer for winning Best Regulatory Compliance Solution for IFRS 9.”

This recognition adds to Wolters Kluwer’s track record of success, having previously secured the RegTech Insight honor in 2022. Further recent accolades include dominating the Category Leader positions across all four categories of the ALM (Asset Liability Management) Market Update and Vendor Landscape report, as published by Chartis Research.

FRR’s OneSumX operates under Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division, led by CEO Karen Abramson. The CP & ESG division is globally renowned as the foremost provider of integrated software solutions for EHS, Environmental, Social, and Governance (ESG), and Governance, Risk, and Compliance (GRC).

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Media contact:

Sarah Whybrow
Associate Director, External Communications
Corporate Performance & ESG
sarah.whybrow@wolterskluwer.com
+44 7855 186 173

SOURCE: Wolters Kluwer N.V.