Oracle IFRS and LDTI Solutions is a specialized financial reporting software designed to help financial institutions comply with International Financial Reporting Standards (IFRS) and the Long Duration Targeted Improvements (LDTI) accounting standards. The platform provides a robust framework for managing complex financial reporting requirements, including calculating reserves, adjusting for discount rates, and accounting for long-duration contracts. Oracle’s solution automates many of the complex calculations and reporting processes required for IFRS 17 and LDTI compliance, ensuring accuracy and reducing the risk of human error. The software offers comprehensive reporting and data analytics tools, allowing organizations to generate the necessary disclosures, balance sheets, income statements, and cash flow statements required under IFRS and LDTI standards. Oracle’s IFRS and LDTI Solutions also help organizations stay up-to-date with evolving regulations, making it easier to adapt to changes in accounting standards. Designed for insurers and other financial institutions, this solution simplifies financial reporting, improves transparency, and ensures compliance, even as accounting standards become more complex.
Oracle
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