Products Solutions Services Events Resources Contact us Request a demo EMAIL US Call us on US: +1 (857) 201-3432 UK: +44 (0)20 7496 8196 Aptitude Calculate A scalable, highly performant calculations and rules engine that empowers the finance office to perform complex and multi-dimensional calculations, conversions, and allocations. Control and agility Flexible and configurable. Use as a standalone solution or alongside other Aptitude products. Strategic foresight Harness data to drive actionable business insights Smart compliance Drive compliance with regulatory and management reporting requirements Operational intelligence Gain operational and cost efficiencies and improved productivity What is Aptitude Calculate? Aptitude Calculate (AC) is a stand-alone calculation and rules engine that fully supports automated allocations and calculations by entity, LOB, portfolio/cohort, contract or any other dimension required. Control and automation for calculations and allocations Aptitude Calculate provides the elements and processing power required for businesses across industries to define and generate allocations, calculations, and conversions. The use cases are many and can include anything that requires a cost, expense, or investment allocation or any supplementary calculation needed to support the finance team in its functional and compliance data preparation and reporting requirements. It is is flexible, scalable and integrates seamlessly with existing systems to meet a wide variety of use cases. Meet IFRS 17 calculation and disclosure requirements The challenges associated with the insurance Standard, IFRS 17 are well documented. However, we are seeing less well documented challenges arising at some of the global IFRS 17 projects we have live today. These include filling calculation gaps not addressed in existing actuarial and source systems and managing the cost allocations necessary for compliance. This is particularly driven by the requirements to apply allocation rules to data like expenses, risk adjustments, and even certain cashflows to ensure the granularity of data meets the IFRS 17 calculation and disclosure requirements. In addition, many insurer’s source systems are not flexible in output nor automated, creating a need for additional supplementary calculations. These can include generating fulfilment cash flows from payment pattens for the LIC or converting accident year data into underwriting year data. To address these challenges, many Insurers are using Aptitude Calculate to fill the missing link in their IFRS 17 architectures by using allocations and calculations to get data into the format required for IFRS 17 processing and addressing gaps in existing solution capabilities. The combination of Aptitude Calculate and the Aptitude Accounting Hub will enable us to calculate and post multiple valuations in parallel. This will not only result in substantially shorter close periods; it also simplifies the current processes – allowing the business to focus on more value-adding tasks.” Finance IT Transformation Program Lead Key Features Core Offering Use Cases Multiple calculation methodologies to support various use cases including mathematical functions, allocations, and weighting matrices Iterative what-if modelling enables define, run, analyze cycles to support scenario planning and analytic Intuitive graphical user interface empowers business users to easily build Rules and RuleSets to flexibly respond to business change Common, reusable processes, rules, filters and weightings ensure consistent treatment across the organization Version controlled model elements and role-based approval workflows Integrates with enterprise schedule and source and target systems like actuarial, General Ledgers, and reporting tools Supports Multi-GAAP requirements through the ability to generate multiple versions of calculation logic Ready to learn more about Aptitude Calculate If you would like to learn more about Aptitude Calculate, then why not book a call with one of our experts or schedule a free demo? SPEAK TO AN EXPERT ARRANGE A DEMO Related products and solutions PRODUCTS Aptitude Accounting Hub Aptitude Calculate IFRS 17 Comply IFRS 17 Solution Lease Accounting Engine Revenue Recognition Engine Aptitude RevStream Aptitude™ Technology Platform SERVICES Cloud Delivery Security trust center Support SMS Assure Training RESOURCES for Banks for Insurers for Telco, Media & Technology Digital Finance Transformation IFRS 16/ASC 842 IFRS 17 LDTI Revenue Management COMPANY About us Blog Careers Events Investors News Partners Resource Library Financial Management Software for the CFO office. Enabling finance departments to optimise performance, reach goals and be future-ready. info@aptitudesoftware.com UK: +44 (0)20 3687 3200 US: +1 (857) 201-3432 SG: +65 3165 2750 Legal information Privacy Statement Modern Slavery Statement Copyright © Aptitude Software Limited 2014 - 2021. All Rights Reserved. WordPress Development by Moove Agency