IFRS

At InWave, we provide comprehensive solutions for the implementation and ongoing compliance with IFRS 16 (Leases) and IFRS 17 (Insurance Contracts). These standards bring significant changes to financial reporting, and our expert services ensure that your organization not only complies with these new requirements but also leverages them to gain strategic insights and operational advantages.

Advanced Data Management Capabilities

Understanding that data is at the heart of IFRS 17 compliance, InWave offers robust data management tools that ensure data integrity and accessibility. Our systems are designed to handle the volume, variety, and velocity of data required for IFRS 17, enabling accurate measurement of insurance contracts and streamlined reporting processes.

Integration with Actuarial and Financial Systems

Our solution integrates seamlessly with your existing actuarial and financial systems to ensure that all calculations and data flows are compliant with IFRS 17.

Customizable Reporting and Disclosure

InWave provides flexible reporting and disclosure tools that can be customized to meet your company’s specific needs. Our solutions support the creation of the IFRS 17-specific financial statements and disclosures, making it easier to communicate financial results transparently and effectively to stakeholders.

Lease Accounting and Management

Our IFRS 16 solutions automate lease accounting and management processes, ensuring accurate recognition, measurement, presentation, and disclosure of leases. We help you transition from previous accounting standards to IFRS 16, handling both operating and finance leases with ease.

Data Integration and System Adaptation

We integrate lease data from across your organization into a centralized system that aligns with IFRS 16 requirements. Our solutions are designed to work with your existing ERP systems, enhancing data accuracy and facilitating compliance.

Ongoing Support and Updates

Given the evolving nature of IFRS interpretations and guidance, InWave commits to providing ongoing support and updates. This ensures that your organization remains compliant as changes occur and new best practices emerge.

Master IFRS with InWave: Elevate Your Financial Reporting

Partner with InWave to navigate the complexities of IFRS 16 and IFRS 17. Our expert solutions will not only ensure compliance but also enhance your financial reporting capabilities, providing clear, accurate, and insightful financial information that supports decision-making and drives business success.