Compliance engineered into the ledger
Our flagship IFRS 17 and GAAP solution — part of the broader FAACS enterprise automation, AI, and compliance portfolio. From measurement models to disclosure, a defensible implementation aligned to your reporting calendar and jurisdictional requirements.
The operational reality of modern insurance reporting
IFRS 17 fundamentally changes how insurers measure and report contracts — and the operational cost of getting it wrong is significant.
Complex Measurement Models
GMM, PAA, and VFA models require rigorous data lineage and controls.
Spreadsheet Risk
Excel-driven calculations introduce version, formula, and reconciliation risk.
Data Fragmentation
Policy, claims, and finance data live in disconnected systems.
Audit Exposure
Manual evidence gathering strains audit cycles and increases risk.
Disclosure Complexity
Extensive quantitative and qualitative disclosures across jurisdictions.
Reconciliation Burden
Actuarial-to-finance reconciliation consumes disproportionate effort.
The shift from spreadsheet-driven to platform-driven compliance
Fragmented, manual, high-risk
- Excel-based measurement and CSM roll-forward
- Actuarial-to-finance reconciliation gaps
- Extended audit preparation cycles
- Version and formula risk across teams
- Delayed disclosures and executive reporting
Governed, automated, audit-ready
- Automated measurement across GMM, PAA, and VFA
- Actuarial-to-finance reconciled at source
- Continuous audit-readiness with full lineage
- Single governed platform for finance & actuarial
- On-demand disclosures and executive dashboards
What compliance automation delivers
A modern IFRS 17 and GAAP operating model — one that finance, actuarial, and audit teams can rely on.
Automation at the Core
Measurement, CSM roll-forward, and disclosures automated end-to-end.
Governed Data Lineage
Traceable inputs, calculations, and outputs across every reporting period.
Regulatory Confidence
Defensible reporting aligned to IFRS 17 and GAAP requirements.
Audit Readiness
Evidence, controls, and reports available on demand.
GAAP-ready — and extensible to your regulatory landscape
FAACS supports GAAP reporting alongside IFRS 17, and can be extended to jurisdictional and internal compliance frameworks with governed configuration rather than custom code.
Ready to modernize your finance operations?
Speak with our enterprise team about your transformation roadmap.