Systemorph IFRS17 Product Features
We offer the simplest, fastest to implement, and most flexible IFRS17 software solution. Experience enterprise grade functionality without the usual implementation time, cost, or risk.
The SMC IFRS17 Solution is comprehensive, end-to-end and cloud native. It delivers all needed functionality out of the box and allows for easy customization. The implementation interface is based on SMC Notebooks and allows users to mix prose texts, formulae, and numeric examples in one place, ensuring business rules are transparent, and specifications can be understood by multiple departments from technical to business.
Standard IFRS17 Calculations
All standard IFRS17 calculations are pre-programmed using the SMC fluent domain-specific language (based on .NET). You can use the implementation as is or modify it as you like to suit your specific needs. In the future, other languages, like Python, will also be supported.
The Calculation Engine can not only compute the figures of the current period, but also the whole run-off of the in-force portfolio for any individual or grouped future periods. Furthermore, you can also estimate future new business and the solution can also calculate the projections for these portfolios.
The Calculation Engine supports independent computations of a multitude of scenarios for sensitivity and as-if analysis. One can vary the parameters or cash flows to obtain the desired results, and even define custom business logic for pre-defined scenarios.
Accounting Events can be defined as any other formula in the system. They can be fully customized to fulfill any requirements, such as granularity, mapping to the Chart of Accounts, type of ledger and many more.
The Systemorph IFRS17 product becomes a professional business application for end users. This means that at the end of the system configuration, you will receive a working application with all the content defined and presented in a modern and user-friendly interface.
The modern development user interface based on Computation Notebooks allows business users to define the documentation and specification together with the code, minimizing the risk of inconsistency and that the system gets out of sync.
A consistent data model is at the core of the Systemorph IFRS17 Solution. To achieve this, we offer a rich toolset allowing business experts to define, check, test and enhance data models to fulfill all business requirements.
Data Access and Import/Export
One key element to achieve a successful system implementation is to bring data as soon as possible to the data model. The Systemorph IFRS17 product relies on the Systemorph Cloud data management modules, which makes data access to any source very intuitive. Furthermore, the underlying technology offers a wide range of options to define data importers or exporters, allowing businesses experts to define and configure them as required.
Define and configure a fully auditable Business Process based on the data you submitted to the IFRS17 Solution. Have the flexibility to determine validations, number of sign-off, roles and dependencies you need and visualize the status any time in a clear and user-friendly dashboard interface.
Comment and ask questions on the results directly on the application where the data is presented. The Systemorph IFRS17 solution allows editors and reviewers to communicate directly in the platform, generating a consistent context-aware process documentation that is always in sync and never gets lost.
Our IFRS17 Team
IFRS17 Key Account
Product Owner IFRS17 Calculation Engine
Head of sales