For finance teams operating in regulated industries — especially banking and insurance — compliance isn’t optional. Standards like IFRS 9 and 17 demand precision, transparency, and control. But meeting these standards often comes at a cost: complex systems, heavy manual work, and long audit cycles.
Many organisations treat compliance as a back-office burden. But there’s a smarter path — one that uses finance-owned subledgers to simplify reporting, strengthen auditability, and unlock strategic value.
With the right infrastructure, compliance becomes more than a check-the-box exercise. It becomes a competitive advantage.
The Challenge with Traditional Approaches
Standards like IFRS 9 and 17 introduce significant complexity. From expected credit loss models to insurance contract measurements, the accounting requirements are rigorous and constantly evolving.
Most legacy systems weren’t built to handle these rules natively. So finance teams resort to:
- Manual adjustments for impairments and FX revaluations
- Separate processes to manage multi-GAAP reporting
- Spreadsheets or bolt-on tools to explain journal logic
- Time-consuming audit prep to demonstrate compliance
The result is high effort, high cost, and low transparency — at exactly the moment regulators demand clarity.
A Better Approach with Finance-Owned Subledgers
A modern, finance-owned subledger changes this equation. By embedding accounting logic directly into the system, finance teams can automate complex calculations, apply rules consistently, and generate transparent, audit-ready entries from day one.
Fynapse is built to support this approach. It gives finance direct control over rule logic, enabling automated treatment of FX revaluations, impairments, and other compliance-sensitive processes — without relying on IT.
This delivers several key advantages:
- Rules for IFRS 9 and 17 are applied systematically and traceably
- Journal entries are tied directly to source data and logic
- FX treatments and valuation adjustments are handled consistently
- Regulatory reporting can be supported across multiple GAAP frameworks
Instead of managing compliance outside the system, finance builds it into the foundation.
Designed for Audit and Oversight
Regulators don’t just want the final number — they want to know how it was produced. That requires full transparency into the flow of data, rules, and postings.
A finance-owned subledger like Fynapse enables:
- Drill-down visibility from summary balances to source transactions
- Rule traceability — showing how and why each posting was made
- Controlled logic changes with versioning and audit trails
- Readiness for audit without last-minute reconciliations
This reduces the cost of oversight and increases confidence across finance, risk, and regulatory teams.
Supporting Multi-GAAP and Evolving Standards
Compliance is rarely static. New jurisdictions, changing standards, and evolving interpretations all place new demands on finance systems.
With a flexible subledger, finance can configure parallel logic to support multiple GAAPs — without duplicating data or disrupting processes. This enables teams to:
- Run IFRS and local GAAP in parallel
- Configure entity-specific rules without reengineering core systems
- Adapt quickly to changing standards without full rebuilds
It’s a scalable approach that grows with the organisation — and with the complexity of the regulatory landscape.
Turning Compliance into a Strength
Finance teams are under pressure to deliver more with less — and to do so in a way that ensures control, transparency, and compliance. A modern subledger helps achieve all three.
By embedding the logic needed for IFRS 9, 17, FX, and multi-GAAP accounting directly into the system, organisations reduce manual work, accelerate audits, and ensure confidence in every number they report.
Compliance will always be required. But with the right tools in place, it doesn’t have to be a burden. It can be an advantage — one that positions finance to lead with accuracy, agility, and trust.
