The Implementation of the PSAK 71 system that is Quick and Easy”

On Monday, July 23, 2018, MLPT held a BankVision User Gathering seminar entitled “The Implementation of the PSAK 71 system that is Quick and Easy “. The adoption of new accounting standards – IFRS 9 or, Pernyataan Standar Akuntansi Keuangan (PSAK) 71 as knownin Indonesia,  – for financial institutions to report to Bank Indonesia is getting closer. The Otoritas Jasa Keuangan (OJK) has set January 1, 2020 as the effective date of PSAK 71 in Indonesia. PSAK 71 aims to strengthen business capital, so that the financial and banking industry is better prepared to face the future through the implementation of Cadangan Kerugian Penurunan Nilai (CKPN) with the concept of Expected Credit Loss.

PT Multipolar Technology Tbk (MLPT) as a leading System Integrator in Indonesia with a profound experience in the banking sector  is taking part in supporting Indonesian banks  in successfully implementing  PSAK 71 by bringing the solution, VisionIFRS.

VisionIFRS carries a design concept that is rich in parameters to give banks the freedom to set rating and stage criteria according to internal needs, including defining the types of segmentation that can be used. In addition, VisionIFRS is also equipped with the Forward Looking Adjustment and Scenario Generator predictive features to take into account the impact of economic factors on the final ECL calculation results. In addition to the design concepts that provide flexibility for users, VisionIFRS is also equipped with a simulation feature so that banks can simulate various variations of segmentation to get the most reasonable rates and describe the actual state of the bank.
Info :
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Jakarta 12940
P +6221 546 0011
F +6221 546 002