PHACCT: Efficient and transparent software solution for portfolio hedge accounting
Photo by Sam Goodgame on Unsplash, download on 05.11.2024
Modern software for banks in productive use
In a joint project with pbb Deutsche Pfandbriefbank, a leading bank for real estate financing, we have developed an innovative solution for portfolio fair value hedge accounting. This modern web application is customizable to meet specific customer needs, offering a high-performance and transparent alternative to existing solutions.
Comprehensive coverage of the hedge accounting process
Our new software covers the entire portfolio fair value hedge process. It enables users to manage all steps of the process in an intuitive and stringent workflow. By using a modern web application, users benefit not only from fast and smooth performance, but also from the flexibility to work platform-independently.
Transparency and traceability
A special feature of the software is the transparency in terms of calculation details. These can be exported with just a few clicks, e.g. directly to Excel for in-depth analysis. This helps users to make well-founded decisions based on detailed data and facilitates collaboration between specialist departments and IT.
Günter Eberle, Director Financial Instrument Accounting at Deutsche Pfandbriefbank.
"With the new application for the portfolio hedge, we are relying on a modern and lean IT solution. It allows us to quickly execute all process steps for a complex topic with the support of the tool in a stringent and documented workflow. We are looking forward to the tool, which also offers us quick access to extensive analysis data",
— Günter Eberle,
Director Financial Instrument Accounting at Deutsche Pfandbriefbank.
Lightweight and seamless integration
Despite its comprehensive functionality, the software is a lightweight solution that can be easily integrated into a bank's existing IT landscape. The software can also be integrated into a job control system in order to achieve the automation and time-controlled execution of interface processes. It is specifically designed to handle larger portfolios while maintaining high performance. The software is to integrate into the bank's identity and access management (IAM) and supports single sign-on, which ensures a seamless user experience.
Higher speed, lower costs
With our software, the entire portfolio fair value hedge process can be carried out significantly faster than with conventional solutions. For example, the software offers a designation routine and allows fast and flexible access to analysis data. This saves valuable time and reduces costs without compromising on accuracy or transparency.
Ready for the future
Our software is already successfully in productive operation and has proven itself as a reliable solution in the demanding banking environment. It not only offers a clear advantage in terms of performance and transparency, but also the flexibility and scalability to meet future requirements.
If you would like to find out more about how our solution can support your hedge accounting processes, we would be happy to give you a personal presentation of the software. We look forward to the exchange.
