Wolters Kluwer wins Best Regulatory Compliance Solution for IFRS 9 at the RegTech Insight APAC Awards

Finance, Risk and Regulatory Reporting’s OneSumX product recognized for its IFRS 9 innovations 

­Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that its Finance, Risk and Regulatory Reporting (FRR) business has been recognized by RegTech Insight, with OneSumX winning the Best Regulatory Compliance Solution for IFRS 9, in its APAC Awards, 2024.

OneSumX IFRS 9, part of FRR’s OneSumX product, supports clients with the implementation of the full International Financial Reporting Standard 9 (IFRS 9). The solution provides a solid framework to capture and store all information at the contract level. It helps to manage events and transactions, IFRS calculations, accounting generation and processing up to the delivery of the disclosures.

Wolters Kluwer also won the RegTech Insight honor in 2022. Other recent accolades for OneSumX for FRR  include securing Category Leader positions in all four categories of the published ALM (Asset Liability Management) Market Update and Vendor Landscape report, published by Chartis Research.

FRR’s OneSumX is part of Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division, headed by CEO Karen Abramson. The CP & ESG division Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division, is the world’s leading provider of integrated software solutions for EHS, Environmental, Social, and Governance (ESG), and Governance, Risk and Compliance (GRC).