Calculation of Accounting Provisions

This solution aims to automate the calculation of Accounting Provisions as well as trigger the automatic processing of the provisions accounting accounts so these may represent the actual balance of provision for each of the risk levels.

Key Functionalities

Global Parametrization

Possibility of defining intervals of days of default by Risk Level. Possibility of assigning risk weights by Customer's country groups. Enables to manually signal a credit transaction with a Risk Level. Allows grouping customers in economic groups so that the Risk Level is assigned transversely.

Automatic Assessment of Provisions

Automatic calculation of provisions, in accordance with the rules defined in the parametrization, for each of the credit transactions comprising the portfolio. Possibility of running new simulations with impact on the final provision assessed. The calculation engine takes into account rules at the level of transaction, customer, economic group or by credit type, while applying these rules in the overall calculation.

Reports

Allows querying the results obtained by simulation for different periods and currencies.

Advantages

Integration with
Core Banking

Integration with the Core Promosoft Financial Suite, thus enabling synergies in the implementation and maintenance, providing greater security and long-term robustness.