IDS Solution for Regulatory Reporting
Simplify compliance and elevate reporting with IDS Consulting's RRS!
Why we developed this solution
Having in mind the regulatory reporting experience from the last 18 years, IDS Consulting team has developed an application that empowers business teams to effortlessly Validate, Correct, Approve, Audit, Historise, Maintain & Retain data prepared for statutory reporting as well as generate regulatory reports in expected format.
It is now easier to meet compliance reporting requirements and focus on what truly matters while using RRS as:
- There is no need to add additional overhead with understanding an external data mart model but rather add configuration layer to internal marts or sources
- We aimed to ensure fast adaptability of application to business changes via configurable metadata layer (less application development more focus on business processes or validation, correction and generation of report)
- You can add via configuration validation rules, correction interfaces, adjust output
- You can validate and deliver automatically reports on the authority platform
Experience a simplified, efficient approach to regulatory reporting with RRS.
How can we help you?
Unlike conventional methods, RRS streamlines the data preparation process, eliminating the need for additional semantic layers. It seamlessly integrates with existing data dictionaries and enterprise data warehouses, ensuring efficient reporting and does not rely on a fixed data model. RRS guarantees audited checks and corrections, maintaining the highest standards of accuracy and compliance. Business owners can autonomously operate iteratively all needed steps at application level, ensuring swift and accurate report delivery.
RRS covers the following modules:
Avoid fines from control authorities, by covering compliance reporting needs
Auditability of corrections, users, logs
FAST ERROR IDENTIFICATION
Easily adjust / load gaps / correct errors identified in the reporting system during validation process and submit for reporting
Cut out costs from slow and costly IT vendors and implement a configurable regulatory reporting system, while focusing on business process.
You don’t need application development skills to add or change correction interfaces, validation rules or change report output