Fernbach-Software opens London office

Source: Fernbach-Software

FERNBACH-Software, a supplier of Enterprise-wide Value and Risk Management solutions has experienced remarkable year-on-year growth to date and this looks set to continue well into the future.

To facilitate this international growth FERNBACH-Software announced today the opening of a new office in London to ensure continued expansion and on-the-ground commitment to their current and expected UK client base.

The new office located at 10 Fenchurch Ave., London EC3M 5BN will be managed by the newly appointed Managing Director, Arnaud Picut and assisted by UK Business Development Manager Andrew Deakin. Arnaud Picut commented, "We are greatly looking forward to pursuing the international success of FlexFinance IFRS, and we are currently hiring a team of IFRS specialists who will offer in-depth knowledge and full support to our customers and partners."

FlexFinance IFRS is a renowned market leader within the IFRS space and offers quality assured accurate compliance. FlexFinance IFRS operates from one intelligent and centralized data mart, and leverages the power of the integrated IFRS Accounting Generator to solve the challenges that IFRS compliance currently poses to financial institutes. Capable of handling IFRS Postings, Hedge Accounting, Reporting and the full array of Calculations required, FlexFinance IFRS offers a truly unique solution. Significant time savings are achieved due to the sheer breadth of pre-defined posting forms provided and all results can be verified via a transparent audit trail which offers granular drill-down functionality. Tangible cost savings and enterprise wide value-add is fully attainable as FlexFinance IFRS is the only global IFRS solution which is based on individual transactions and double-entry accounting.

Günther Fernbach CEO FERNBACH-Software, "I am confident that 2006 will be another great year for FERNBACH-Software, mainly due the market's recognition of our IFRS Accounting Generator as the most credible solution to meet Banks' IFRS requirements. Our international expansion coupled with our continued expansion into the UK market marks a significant milestone in FERNBACH's continued success."

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