CaseWare UK Ltd, an accounting software provider to corporates and practitioners, is announcing the launch of its fully automated International Financial Reporting Standards (IFRS) solution at Accountex London 2018.

The IFRS Beta solution is part of CaseWare’s AccountsAdvanced, and is being released on 23 May 2018 to current CaseWare licence holders, with the full solution scheduled to be made available later in 2018.

Designed to meet the European adopted IFRS standards, users will now have access to financial reporting for IFRS, FRS 101, FRS 102 and FRS 105 in a single solution.

CaseWare is running demonstrations of the new IFRS (Beta) software at Accountex, stand 916, or demonstrations can be booked online by following the link and completing the form – http://info.caseware.co.uk/ifrs

Commenting on the launch of the IFRS (Beta) reporting software, CaseWare UK Managing Director, Simon Warren explained, “The scrutiny on accountants to effectively manage the increasing financial regulations is higher than ever, so it’s important for us to remain at the forefront of development and support the industry as they are faced with these issues. The new IFRS software will make the lives of accountants easier, giving them the time to focus on results as opposed to worrying about whether they are compliant to the new accounting standards.”

Benefits of the CaseWare IFRS (Beta) financial reporting software include:

• Group Consolidation or Single Entry – consolidation function to disclose Group consolidated accounts or simply import a pre-consolidated Trial Balance
• Compliance – content is reviewed regularly, ensuring it remains compliant with the latest industry standards
• Automation – Automate the compilation of a set of IFRS financial statements
• Standardisation – consistency across the organisation, eliminating the risk of incorrect disclosure

Warren concludes, “Our IFRS financial reporting solution has been designed to significantly reduce reporting cycles and eliminate errors, even in the most complex sets of accounts. Client response in the beta testing stage has been extremely positive and as with all our products we continue to develop the template inline with our clients feedback. We look forward to the full release in the coming months”.