NFS, supplying critical technical and business resource, will analyse RWE's hedging requirements under IAS 39, evaluating them against the functionality provided by Trema's hedge accounting module. This will enable NFS to tailor the implementation to RWE's specific needs, reducing time, cost and resource requirements.
NFS is working with Schwabe, Ley & Greiner (SLG) on the project, a leading corporate treasury consultancy. RWE, with revenues in excess of euro 43 billion, already deploys Trema's solution Finance KIT(tm) for cash, treasury, risk and asset management and is keen to adopt the newly released hedge accounting module to support the accounting and reporting complexities introduced by IAS 39.
Commenting on the project, Magnus Lind, CEO, NFS, said, "Our consultants' in depth knowledge of IAS 39 coupled with our position as a Trema Certified Expert partner mean we are well positioned to assist Trema clients. We understand the significant changes to hedge accounting IAS 39 introduces and how Trema's hedge accounting module supports this. As the deadline for compliance with the new standard rapidly approaches, we look forward to using the knowledge gained from this and other IAS 39 projects to ease the compliance burden for other organisations."
