DekaBank Luxembourg opts for FERNBACH's IFRS solution

DekaBank Deutsche Girozentrale Luxembourg S.A. (DekaBank) will implement FERNBACH's FlexFinance® IFRS solution to meet the requirements of the International Financial Reporting Standards (IFRS, formerly IAS). DekaBank's core system is Olympic from ERI Bancaire from which data are extracted for IFRS accounting. FlexFinance® Accounting performs the IFRS-compliant accounting, fair value calculation and IFRS reporting.