Triple Point Technology has launched a treasury management and regulatory compliance suite. Commodity XL for Hedge Accounting is a hedge accounting software package that is integrated with the company’s commodity trading and risk management platform. Triple Point says that it meets Sarbanes-Oxley, FAS 133, IAS 39, SAS 133, CICA 3865 and AASB 139 regulatory compliance requirements. The company claims that the integration between the solution’s trading, risk management and hedge accounting function eliminates data silos and redundant data input, providing accessibility of information throughout the organisation. Saving trades in a single data repository ensures ‘one version of the truth’ across the organisation and can eliminate errors from re-keying hedge information into spreadsheets or point applications. The integration also provides information to accounting systems for accurate updates of financial statements.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.