Awara IFRS Reporter System of reporting

Awara IFRS Reporter is the software product allowing simply correctly and to effectively prepare the international reporting. The solution is intended for financial managers, controllers, accountants.

What problems are solved by Awara IFRS Reporter?

• Preparation of the management reporting manually takes a lot of time and usually leads to errors
• Preparation the reporting manually limits possibilities of automatic integration with other systems

8 The Lack of necessary analytics in accounting systems limits possibilities of preparation of the management reporting by different analytical criteria

• In many cases the management reporting is formed using data which documentation is not enough or at all is absent. It leads to the fact that some kind of unique knowledge of process of preparation of the reporting is concentrated in hands of a certain employee (which can leave the company) and also to insufficient documentation of process of reporting
• The lack of documentary fixed rules of transformation can become the reason of permanent changes in process and rules of transformation that, in turn, can result in incomparability of data in the reporting for several periods
• The lack of the formalized rules of transformation of data results in difficulties  at approval of data of the management reporting of data of the reporting under RAS.

Main advantages of the solution

• Creation and storage of the records caused by rules of transformation of the Russian reporting in the international reporting (IFRS, GAAP of the USA), in view of differences in accounting standards
• Formation of the international reporting clicking of one button
• Export of data from the system of accounting to any ERP system in a required format
• Coordination of data of the Russian accounting with data in the prepared reporting for satisfaction auditor and managerial by different criteria (for example, on cost centers)
• Software platforms, flexible for implementation
• Lack of structural changes in initial accounting databases.

Awara IFRS Reporter can be adapted to requirements of any ERP system. Initially a system is implemented in Microsoft Dynamics NAV.

The solution is certified by Microsoft corporation for the Microsoft Dynamics NAV system