ADWEKO CONTRACT

MODIFICATIONS

The treatment of contract modifications for financial products under IFRS 9 includes some special features for credit institutions. In addition to the assessment of significance on the basis of qualitative and quantitative criteria (incl. present value test), the correct determination of the retirement or modification results as well as documentation requirements are in the foreground.

    The requirements are often implemented manually or in stand-alone solutions; there is only insufficient system-side documentation of modifications carried out. Manual and non-integrated processes are also prone to errors and require increased effort.

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    SEAMLESS INTEGRATION

    in SAP CML and AFI/FPSL

    }

    RESOURCE-SAVING PROCESS

    by automated modification

    }

    AUDIT-PROOF DOCUMENTATION

    OUR SOLUTION

    ADWEKO contract modifications helps you with this challenge by providing system support for the entire modification process. It enables a complete overview of the valuation at the earliest possible point in time – directly after the contract change in credit management. You start the dashboard and get a list of all pending and processed modifications and can start the assessment directly from there.

    The add-on is compatible with the following SAP systems:
    SAP CML, Classic AFI, Smart AFI, FPSL

    FUNCTIONS

    • The dashboard allows you to keep track of all pending and completed modifications
    • Perform modification analysis quickly and efficiently using the decision tree
    • A seamless connection to SAP CML and SAP cAFI/sAFI/FPSL enables the correct posting of modification results and retirements to be automated.
    • Automated execution of the present value test
    • Audit-proof documentation of all processes

    USE CASES

    • Significant modifications
    • Non-significant modifications
    • Consideration of all other contract amendments possible

    All ADWEKO Software Solutions are available in German and English as standard and are modularly structured for (customer-specific) extension possibilities.

    ADWEKO contract modifications emerged from a development partnership with FAS AG – an independent consulting firm for financial advisory.

    Talk to

    BJORN VON STADEN!