Financial institutions face regulatory accounting requirements that no general-purpose ERP can handle. Nexus gives banks and credit unions a purpose-built financial OS with IFRS 9 ECL provisioning, Basel III capital reporting, and FDIC call report support built in.
IFRS 9 requires forward-looking ECL provisioning that is model-driven, judgement-intensive, and audit-sensitive. Most banks still run this in external models with manual GL uploads — a process that is slow, error-prone, and hard to audit.
Regulatory capital calculations require granular data from across the institution. Building and maintaining the regulatory reporting infrastructure is a significant ongoing cost for mid-sized institutions.
Call report preparation is one of the most resource-intensive regulatory obligations for US banks. Without automation, it consumes weeks of finance team time every quarter.
GAAP (ASC 310 — Receivables)
IFRS 9 (Financial Instruments)
Basel III / IV (regulatory capital)
Dodd-Frank Act
FDIC call report requirements
Call report
preparation time reduced by 50%
IFRS 9
ECL provisioning integrated with the close process
Regulatory capital
calculations automated
See how Plurafi handles your industry's complexity