The Microgen Accounting Hub product lifecycle methodology enables financial institutions to move to IFRS with confidence. MAH includes preconfigured accounting for IFRS, which have been designed around product groupings and product lifecycle accounting events. This combination enables institutions to simply extract data from any part of the organization and map it into the defined accounting to generate consistent IFRS accounting for insurance and banking products.

In the short term, Microgen Accounting Hub can be used to implement delta accounting from current GAAPs, giving firms the ability to create consistency during the IFRS migration.

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