QAD IFRS Compliance
With continuing globalization, more companies are adopting International Financial Reporting Standards (IFRS), a single, global set of accounting standards for comparable financial reporting and transparency. Yet, as companies move to IFRS, they’re likely to encounter people, processes and technology challenges. QAD Enterprise Applications can help companies ease this transition.
QAD continually monitors new developments in financial reporting and incorporates these emerging regulations into its enterprise resource planning (ERP) applications. With this IFRS convergence, many companies will continue reporting through dual systems – IFRS and a local GAAP (Generally Accepted Accounting Principles).
QAD Enterprise Financials applications suites provide the comprehensive controls and capabilities needed to support complex multiple jurisdiction financial reporting and disclosure. With these processes built into the software, customers can focus on their business, not their software.
To start planning your journey to IFRS, please do not hesitate to contact us.