Effective interest rate
Flexible module for the valuation of receivables and liabilities calculated as per the effective interest rate (EIR). The result of these calculations is a set of postings to adjust the EIR and a summary of the unsettled adjustment amount for reporting purposes. The solution comprises import, recalculation and adjustment modules as well as a wide range of reports available from the interface.
Front-Office and Mid-Office support in terms of managing products such as loans, credit lines, deposits and derivatives (FX Swap / Forward, IRS) as well as bonds, guarantees and securities. Xares also supports Back Office by calculating liquidity metrics, supervising reserves, and enabling stable asset introduction and monitoring.
We offer solutions that help to easily define the Liquidity Gap, LCR, NSFR and other reports, by providing appropriate data feed and calculations for reporting as required under Basel III for both monthly and daily summaries.
Databases and Warehouses
We design, implement and manage data warehouses. From ETL through data structures to report creation. If you do not want a warehouse, we can offer comprehensive reports straight from the source systems.
Budget forecasting and execution management. We estimate future flows on the basis of historical data and the parameters provided.
Based on data from source systems, repositories and warehouses, we offer a flexible module of calculating receivables and liabilities on the basis of the effective interest rate. The result of these calculations is a set of postings to adjust the EIR and a summary of the unsettled adjustment amount for reporting purposes. A valuation based on the effective interest rate must be used by entities applying the International Accounting Standards as well as the Polish Accounting Principles.
We develop software which is not only based on source systems, processing data supplied by the latter, but also create own data sources such as XARES – our liability management system. Xares supports Front-Office and Mid-Office in terms of managing products such as loans, credit lines, deposits and derivatives (FX Swap / Forward, IRS) as well as bonds (issued and purchased on secondary market), guarantees and securities. Xares also supports Back Office by calculating liquidity metrics, supervising reserves, and enabling stable asset introduction and monitoring. Xares has an interface for services offering current exchange and interest rates. Another operating system we offer is ANDVARI - seller commission management system also controlling commission payments.
The mysterious Black Box – budget forecasting system allows to analyse ongoing production and its impact on future flows as well as forecasts such future flows taking into account various external factors (e.g. financing costs) based on historical data and the parameters provided. The first calculations show an over 95% level of forecast accuracy. Black Box is constantly being developed, adapted and optimised.
On the basis of data repositories, warehouses or other databases, we create comprehensive reports adapted to individual requirements of each organisation. To generate good reports, such as the Liquidity Gap, LCR or NFSR reports, a large data warehouse is very helpful even though not necessary. The required information can be extracted from the available source systems, then suitably processed and presented. One example of such a tool is Xares Tools.
We are currently enthusiastic about getting into mobile applications and their use as a company management tool. We aim to combine the knowledge of particular organisations such as aggregated info on sales with mobile infrastructure to swiftly exchange information and flexibly respond to current developments. At the moment, we are working on a concept of an application providing added value to organisation management.
Are you interested in our offer?
Regardless of whether it is a large application supporting financial management, data warehouse or a simple report - we will do it efficiently and effectively!