Yip In Tsoi and FinArch Architects have signed a partnership agreement to market a new generation of financial management software in Thailand. FinArch’s Financial Studio is the first fully integrated finance resource planning (FRP) solution for banking and financial institutions. It addresses the specific needs of the finance sector with the convergence of risk management and accounting practices across all banking and financial disciplines.
Supak Lailert, senior executive vice president, professional services, Yip In Tsoi, said: “Yip in Tsoi continues to enhance the firm’s vision in providing solutions most beneficial to our customers, especially in the finance and banking sector. Our goal is to accelerate and facilitate each financial institution’s ability to implement a cost effective and reliable financial management platform to comply with International Financial Reporting Standards, specifically the IAS 39 accounting standard by Bank of Thailand before 2011. With FinArch’s proven record of over 140 successful implementations and in-depth understanding and strong knowledge of IFRS, it was easy for Yip In Tsoi to make the strategic decision to join hands with the company to market and offer the FinArch solution to our customers.”
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