
How to: FinRep & FPSL – A brief overview
Financial reporting, or FinRep for short, is the Anglicized term in banking for a part of the reporting system.
Financial reporting, or FinRep for short, is the Anglicized term in banking for a part of the reporting system.
Correlating with ADWEKO’s business expansion and activities abroad – e.g. USA, Hungary and Canada – the complexity of a proper liquidity calculation also increases beyond the company codes and their currencies.
Parallel to software development, constant testing of what has just been achieved or, more accurately in this context, of what has just been developed, is of the highest priority in order to be able to counteract even the smallest deviation or even the smallest side effect sustainably and effectively at an early stage.
Real interest rates of 0%, or even a little below, have been observed for some time now. Longer here means a decade, or the time since the financial crisis.
All sectors of the economy are challenged to respond to the current Corona crisis. As a consulting company specialized in IT-related consulting for banks and insurance companies, we at ADWEKO have thought about how we can support our customers in this situation.
From a technical perspective, SAP FPSL is used as an add-on to SAP S/4HANA. However, this does not necessarily mean that S/4HANA is a prerequisite for FPSL.