BearingPoint
BearingPoint and FRSGlobal have had a deep cooperation on joint solutions in Switzerland and Germany since 1995. These comprehensive solutions are designed to help banks reduce costs, manage compliance reporting and access critical information necessary to operate the business on a timely basis.
BearingPoint is a leading management and technology consulting company serving the Forbes Global 2000 and many of the world's largest public services organizations. Approximately 15,000 passionate, experienced consultants help organizations around the world solve their most pressing challenges, day in and day out. Through our collaborative and flexible approach, we help our clients get practical, sustainable, measurable results, make the right strategic decisions and implement the right solutions.
In Germany ABACUS/DaVinci represents an efficient standard-software for the German regulatory reporting. The complete German regulatory-reporting-requirements are covered by ABACUS/DaVinci. The main features are a state-of-the-art-software architecture based on data-warehouse-techniques, a relational data model and standardized interfaces. Moreover the system is very user-friendly. In the end ABACUS/DaVinci provides high quality reports on time. The main benefits of ABACUS/DaVinci are:
- Long-term protection of investment
- Promptness, Safety and high quality with regard to report generation
- Maintenance and further development by BearingPoint
- Flexibility with regard to new requirements (e.g. Basel II)
- Modern software architecture (3-Tier-Architecture based on Java Technology)
- Integrated Pre-calculation functionalities, e.g. Collateral and Limit Calculations etc.
- Easy Integration in the banks' software environment due to standard interfaces to legacy system providers, e.g. SAP, Misys, i-flex, G&H, OBS etc.
- User-friendly interface
As a consulting-service BearingPoint supports the implementation of ABACUS/FiRE. Moreover we offer also a range of additional consulting services with regard to regulatory reporting issues.
For more information on the solutions and our BearingPoint Germany’s capability, visit www.bearingpoint.de/ or www.bearingpoint.de/content/industries/index_3938.htm
The Swiss modules of FiRE enable banks to report to the Swiss National Bank and the Federal Banking Commission. In addition there is also available a Liechtenstein module to enable banks to report to the Liechtenstein Financial Services Authority. The product is in the market since 1995 and has been installed at more than 200 banks in Switzerland and Liechtenstein.
The modules for reporting in Switzerland include:
- SNB Statistics
- Computation of required equity
- Market risk standard method
- Declaration of large exposures
- Focus ALM interface for interest rate risk
For internal, head office and multi-GAAP reporting, the module FiCLOSING is used.
FiTAX
FiTAX offers Qualified Intermediaries a standard software solution for the fiscal reporting on US-withholding tax to the Internal Revenue Services (IRS) in the United States.
FiMIS
FiMIS is a modern Management Information System offering a complete solution in the domain of
- profitability
- compliance
- interest margins
- by centralizing existing information in the bank to one central database, from where users are able to extract personalized reports on predefined key indicators.
For more information on the solutions and our BearingPoint Switzerland’s capability, visit http://www.bearingpointabs.com/