Wolters Kluwer Adds Austrian Central Bank Reporting Capabilities

Wolters Kluwer Financial Services has enhanced its reporting solution suite with additional data capabilities to help Austrian firms comply with Austria's Central Bank Oesterreichische Nationalbank’s (OeNB) new data collection system.
By Jake Safane(2147484770)
Wolters Kluwer Financial Services has enhanced its reporting solution suite with additional data capabilities to help Austrian firms comply with Austria’s Central Bank Oesterreichische Nationalbank’s (OeNB) new data collection system.

The OeNB has introduced two new data models known as the Basic Cube and Smart Cubes for reporting. “Smart Cubes are mandatory reports that enable the harmonization of the data collection methods to ensure data consistency and efficient data quality processes, and thus effectively and efficiently cover nearly all Austrian reporting requirements,” Wolters Kluwer explains.

The company’s solution provides the necessary checks, visualizations, analysis options, and auditing necessary for firms to meet the OeNB’s full requirements in time for the first deadline in mid-2015. The Basic Cube summarizes all the data that’s used to calculate the Smart Cubes, with the aim of providing an unambiguous definition of individual business transactions and their attributes.

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