LONDON, July 8 (Bernama-BUSINESS WIRE) — Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has launched a software-as-a-service (SaaS) Regulatory Reporting solution. This marks the first time that the company’s OneSumX regulatory software has been made available on the cloud, thereby aligning with the cloud technology strategies the company’s customers are adopting, providing predictability of cost and lower total costs of ownership. At the same time Wolters Kluwer FRR is also unveiling a major upgrade to its OneSumX Regulatory Engine, which will be rolled out for on-premise installations of OneSumX for Regulatory Reporting, and immediately available in the new SaaS offering for clients across Europe and Asia Pacific. The new Regulatory Engine will be characterized by its enhanced performance and better user experience, in terms of speed, automation and scalability.
Wolters Kluwer’s SaaS solution offers the same functionality as the company’s on-premise product, based on the upgraded OneSumX Regulatory Engine technology platform. The SaaS solution, like the OneSumX for Regulatory Reporting on-premise solution, combines bank data into a single source of data to ensure consistency, ease of reconciliation and accuracy. It includes access to the company’s unique Regulatory Update Service which is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries, factoring the potential impact of future changes into the OneSumX portfolio and ensuring clients’ ongoing compliance. As well as ensuring predictability of cost, the SaaS offering is a secure platform which provides flexibility of infrastructure for banks undergoing growth.
