17 July 2009 Company Announcements

 

FRSGlobal launches ReportBuilder TNG: The Next Generation

FRSGlobal is releasing ReportBuilder TNG - the new web-based version of FRSGlobal's product for non-technical business users to build integrated, consolidated risk and regulatory reporting applications.

ReportBuilder TNG has been designed for non-technical users to create custom reporting applications based on their valuable functional knowledge without having to rely upon technical resource. With ReportBuilder TNG, firms should have the ability to create reporting applications to run:

• Principle-based reports for regulators;
• Prescriptive reports for countries over and above the 40 that FRSGlobal already provides
• Internal Management Information System (MIS) style reports to support regulatory reports;
• Non-banking regulatory reports (e.g. for tax authorities);
• Head office reports which contain 80% of the information submitted to regulators plus 20% internal information.

All reports generated from ReportBuilder TNG allow users to drill-down and identify any inconsistencies or errors in the source data to a granular level. This audited manual update feature is designed to enable users to amend or add information in reports, either when final accounting adjustments need to be made, when inaccuracies of data from disparate source systems occur, or when there is simply a lack of data at the time the report is run. The drill-up functionality then allows users to see which other reports are impacted by these changes so the necessary adjustments can be made. Reports defined using ReportBuilder TNG also allow variance analysis over any reporting period, meaning that reporting of current risk figures can be directly compared with previous ones, allowing trends, profitability and performance analysis to be conducted in a meaningful way.