IPSAS PARTNER - The market leading product for conversion to IPSAS on a cash or an accruals basis
Is your Organization moving to IPSAS on an accruals basis? If so, you can leverage the IPSAS PARTNER product to affordably and efficiently manage through the activities needed to transition to IPSAS.
Comprehensive Approach and Methodology
IPSAS PARTNER is the only product on the market that takes you end-to-end to IPSAS. The product employs a proven, phased approach to ensure a solid and rapid transition to IPSAS. First you develop a step-by-step IPSAS transition plan; then you enter your financials to rapidly provide IPSAS scoping analysis; then comes the drafting of IPSAS policies; building on this analysis you undertake a detailed impact assessment on what IPSAS will mean for your organization in terms of both quantitative and qualitative impacts; easily create management and audit committee reports; and then finally pull it all together with IPSAS financials and supporting notes/disclosures.
Affordable and Rapid-To-Deploy
IPSAS PARTNER is the market-leader in helping global companies make the transition to IPSAS. The even better news is that your organization can be up and running with IPSAS PARTNER within an hour to give you a head start.
IPSAS PARTNER can be purchased as a complete solution to manage your full IPSAS transition either for adoption of Accruals basis or a transition from Cash Basis IPSAS reporting. Alternately, you can purchase just our IPSAS PARTNER Financial Reporting System engine known as the IPSAS Financials Statements and Notes Manager. Either way you get the most powerful tool set to get your IPSAS project completed on a timely basis.
IPSAS Scoping Analysis – Determine Key Differences Between Current reporting and IPSAS
The road to accruals basis IPSAS involves lots of change. A critical first step on your organization’s transition to IPSAS is to qualitatively determine the accounting policy areas of greatest potential change. Typical consulting solutions in this area are expensive and time consuming. With IPSAS PARTNER you simply enter your financial statements into the product and you immediately are presented with in-depth reporting information outlining the scope of included and excluded IPSAS standards and supporting detail. Additional graphical reporting and in-depth analysis can provide your audit committee and external auditors or audit authority with the information they need to support your initial transition activities. With IPSAS PARTNER you get an immediate return on your investment and have saved yourself significant time and money.
Draft IPSAS Policies and Conversion Considerations
Essential to your IPSAS journey is the need to review your accounting policy choices. We have spent thousands hours developing "IPSAS ready" content so that you don't have to. IPSAS PARTNER provides you with an extensive Draft IPSAS Policy Library that utilizes a clean slate approach and covers over one-hundred and seventy-five essential policy evaluation elements to drive your transition activities and considerations. With IPSAS PARTNER it is easy to create and modify the preformatted IPSAS policies and tailor them to your organizations requirements. With your draft IPSAS policies completed you can then quickly begin your impact assessment of policy changes.
Impact Assessment and Management/Audit Committee Reporting
IPSAS PARTNER comes complete with impact assessment templates and tools that you can use to evaluate your new draft IPSAS policies across all standards affecting your organizations. The impact assessment include detailed guidance and tools to help you determine the effect of IPSAS policies on financial measurements, systems and data, internal controls, disclosures, and business activities. As you identify potential impacts you can assign impact ratings, responsibilities, due dates, attach supporting notes and backup materials and more. IPSAS PARTNER keeps track of all your action items and then helps you to report across all transition activities in terms of schedules, IPSAS standard specific issues, project activity, and more. IPSAS PARTNER helps you manage the details so you don’t get managed by the details. To help provide feedback on your transition activities you can report in a variety of detail and summary formats appropriate to your audience – audit committee, Director of Finance, project team, or external auditor/audit authority.
Create your IPSAS Financials and Notes – Financial Statements and Notes Manager
Ok, so now you can get down to the new IPSAS numbers and notes! IPSAS places a significant burden on financial reporting teams in terms of increased disclosures. Using the IPSAS PARTNER Financial Statements and Notes Manager you can rapidly create your IPSAS transition financials along with previous reporting comparatives. As you create your statements the software automatically links required IPSAS presentation references and disclosure instructions based on your statement requirements. Then you can utilize our library of industry specific IPSAS notes, or incorporate your own notes, and then modify the note information as required and then link to the applicable financial line item. You then have a complete set of reporting tools and analytics to help you drive a more consistent interim/quarterly and annual reporting process. Create your draft financials is then as simple as pushing a button and having IPSAS PARTNER merge your financial statements and supporting notes into Word format for further modification and editing.
Easy-To-Use and Minimal I.T. Investment
IPSAS PARTNER leverages your existing I.T. infrastructure with tight integration to Microsoft Office® including Word®, Excel®, Visio® and e-mail links can be built into your transition documentation. Link your existing documents and systems to IPSAS PARTNER without having to add new infrastructure.
IPSAS Intranet (Optional)
Deploy best practices, analysis and transition documentation across your own "IPSAS Intranet" with the push of a button. This provides intuitive navigation for users and also allows for scalability across multiple organizational units from a central location.
Training with Maintenance and Support
You can choose from various Training (on-site or web-based training) and support options that vary from lean to extensive. It's your choice. IPSAS PARTNER is also supported by a choice of maintenance and support programs to keep you up-to-date with changes to IPSAS standards and more.
Consulting Assistance (Optional)
IPSAS PARTNER has been designed to help you significantly streamline the need to utilize expensive and scarce expert resources. If you need additional assistance the IPSAS PARTNER team has created some special consulting options to help is available to help.
Get the partner you need - IPSAS PARTNER. Find out more.
So, if you are making the transition to IPSAS, you can benefit from the rich content, tools, ease-of-use, support and affordability that make IPSAS PARTNER the industry leading IPSAS transition solution.
To request more information or to schedule a one-on-one presentation, please go to "Contact Us".