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The Microgen Accounting Hub includes an optional, integrated multi-currency, multi-GAAP, multi-entity sub-ledger. It keeps balances at the summary and transaction levels and provides the detailed accounting necessary for the effective management of costs and revenues. This allows reporting on a multi-dimensional level by product, by geography, entity, etc. and complements the highly summarized accounting view represented in most general ledgers. It fits easily into existing financial architectures, integrating with most General Ledgers and other downstream systems.
The sub-ledger is enhanced by an integrated Financial Data Repository (FDR) which stores the transactional data and reference data needed to allow reversal accounting and drill down from accounts to the event level. It provides insight into unusual daily movements and pinpoints trade irregularities, increasing financial control and facilitating easier navigation, drill down, investigation and reconciliation through accurate and timely trade and position level P&L, balance sheet and reporting.
The sub-ledger supports divisional and branch analysis, product and financial accounting and multiple posting keys for a variety of accounting practices, periods, trade and value dated balances. It includes MTM valuation, FX revaluation, sell-downs, P&L attribution and allocation capabilities. Finance can base their analysis off one standardised and complete set of data.
Standard facilities ensure automated reconciliation, error handling and exception management. A full audit trail is maintained. Comprehensive security is included.
Reporting Repository
The reporting repository provides a normalized view of data optimized for ad hoc query and periodic reporting. It acts as a principal source for business information and provides a standard set of regulatory, regional and product-based reports.
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