Muni Bonds Accounting for a Fortune 50 Financial Institution

Challenge

• Issues with current accounting process and data quality
• Compliance issues for amortization of premium and discounts
• FAS 91 compliance
• Process review against FAS 91, FAS 115 and EITF 99-20 as well as internal policies
• Requirement of changes to process with multiple business teams

CompuGain Solution

• Develop a strategy for process changes
• Develop a detailed solution for incorporation of data quality in the process
• Perform documentation of process changes as business requirements with a detailed plan for automation of process changes as requested by the client IT Team

Results

• Address data quality issues in Get Current process