Increase Governance and Reduce Risk in Regulatory Reporting
Regulatory Reporting is an activity faced by all firms in the financial community. That involves resource and effort in order to comply to risk and cost when not done in a timely and accurate manner.
VERMEG addresses these and many other challenges with a solution that offers flexibility, robustness and richness of functionality with options ranging from full end-to-end automation to direct entry. AGILE Reporter is VERMEG’s Regulatory Reporting solution trusted by around 250 reporting institutions globally.
AGILE Reporter is a blend of prepackaged modules, e.g. templates, calculations, validations etc. with configurable flexibility in areas such as data integration and workflow that allows rapid time to value in precise accordance with client requirements. Its integration capabilities allow firms to solve the issue of data located in multiple source systems requiring collation and transformation before it can be used.
AGILE Reporter’s open workflow allows access at any point in the return production workflow, for example, to facilitate the use of data for MIS, as well as a flexible approach to data to facilitate lineage for each allocation from source to a cell. The flow of additions and amendments made by Regulators require expertise in analysis, interpretation and the execution of changes to data, calculation and validation.
AGILE Reporter’s Regulatory Update Service ensures that clients are supplied with regulatory changes to impacted solution components on a timely basis.