IFRS SaaS

Legerity’s Software as a Service deployment model helps firms deliver IFRS 17, 16, 15 and 9 accounting change and finance transformation programmes through an efficient OpEx model – removing the need for the high CapEx costs of traditional IT system provisioning and projects.

The Legerity IFRS SaaS covers all aspects of software delivery and hosting, including a fully managed service for application maintenance (AM) and application operation (AO). An on-demand application development (AD) service is available for additional configuration requirements to support fast on-boarding of new products or business lines and M&A activity.

Based on the market leading Amazon Web Services (AWS) Cloud, global deployments are supported by local and regional data centres, ensuring any local data, security or operational requirements are catered for. Rapid implementation is facilitated through configurable accounting templates plus advanced data integration support, standard APIs and web services.

Delivery

Most IFRS accounting change programs have tight deadlines and are difficult to deliver. They typically involve greater accounting complexity, more granular data and increased volumes.

Legerity has defined the standard in accounting rules technology and its IFRS SaaS is another example of how it is delivering game changing solutions to address complex and challenging programs. Those firms that embrace the opportunities that accounting change programs bring, in new ways to deliver next generation solutions, will be in a strong position.

Cost

The cost of implementing accounting change or finance change is usually significant and firms need to ensure that they maximise the business benefits of their investment.

The Legerity SaaS provides firms with much needed agility, scalability, efficient resource usage and predictable implementation and operating costs for the significant challenge they face with finance transformation programs.

Cloud

Legerity FastPost is a third-generation accounting rules platform specifically designed to help organisations implement accounting change in a non-disruptive manner. Delivered via the Cloud it incorporates cutting edge application and data design running on modern Open Source infrastructure, enabling the lowest cost of ownership in its class. FastPost is the first enterprise class accounting rules platform that uses ultra-fast in memory data grid processing to deliver on- demand processing and massive scalability. Millions of complex accounting transactions are processed in minutes.