Regulatory reporting
Be regulatory compliant and meet regulatory requirements
Cope with complex demands and transparency needs
Regulators can be very strict and demanding when it comes to cost-allocation reports. You either have to comply with these requirements or be faced with very high penalties.
Regulators can ask for complex and sophisticated allocation methods like LRIC (Long Run Incremental Costing) or demand less complicated allocation methods. In all cases and no matter how complex the demands are: transparency in allocation is the top priority. Our template models can help you cope with the complex demands and transparency needs in an efficient and effective way. Alter the way your data is presented and create maximum transparency to meet the requirements of your regulator: CostPerform allows you to do just that with our industry templates and cost models tailored to your needs.
Most important features
of Regulatory reporting
Regulatory reporting on cost from complicated to simple calculations
For all markets, like: Telecom, Utilities, Finance, Healthcare, and Governments
CostPerform offers transparency of costs at all times
For every kind of regulator, CostPerform can handle all requests
Complex sectors need professional cost models
CostPerform facilitates these complicated cost models:
- CostPerform offers great flexibility in modeling. Our regulatory reporting software provides a multi-layered model. Complex cost management models usually require up to 10 to 20 layers, CostPerform does not limit you in any way: not in the number of layers, not in the number of attributes, nor in the number of periods to be calculated.
- CostPerform connects to your existing data sources. This can be done through direct data source SQL queries that can be set up and scheduled in CostPerform. We also offer an API to set up your own connection methods. Alternatively, we provide data upload and data entry possibilities combined with workflow approval.
- The Telecom cost management-specific model requirements like LRIC, SAC and MC are integrated modules in our regulatory reporting software, on top of the FAC Model.
- For insurers, CostPerform offers an IFRS 17 cost model, which provides a detailed estimate of policy cash flows and shows how internal audits are executed as well as the used capacity to measure and mitigate risk.
