IFRS V-BOX is a software application for data management, valuation and accounting for financial institutions based on the International Financial Reporting Standards (IFRS). The application helps banks to become quickly and efficiently compliant to the international standards and to their local interpretations in numerous countries in Europe, Asia and Africa.
Traditional IFRS software packages feature high complexity of the input data requirements and the system configurations. This leads to lengthy and expensive implementation and makes such applications financially inappropriate for smaller and mid-size financial institutions with limited IT budgets. IFRS V-BOX is designed from the very beginning to overcome this challenge and to offer the required functionality at a reasonable price. The product is relevant for first-time adopters of IFRS as well as for banks that have already become partially IFRS compliant and need now to achieve full compliance as well as for fully IFRS-compliant banks which want to automate and improve the reporting processes.