• BDO Indonesia Announces Partnership with FERNBACH Financial Software S.A.

BDO Indonesia Announces Partnership with FERNBACH Financial Software S.A.

10 November 2017

As part of our effort to continue in providing exceptional service to our client, BDO Indonesia signed a cooperation agreement with FERNBACH, a worldwide software and consulting company.

The objective of this partnership is that we want to provide a more complete service to our clients, especially in preparing themselves for upcoming IFRS 9/PSAK 71 challenges. Indonesia will have to adopt an expected credit loss model instead of an incurred loss model on the 1 January 2020. This necessitates the application of several forward-looking scenarios which most local banks will have to develop from scratch. BDO Indonesia will support FERNBACH’s clients by acting as their local implementation partner.

We believe our collaboration with Fernbach as a company which has gained extensive experience in providing solution for several banks in Indonesia as well as doing IFRS 9 projects in Europe and other parts of the world will have a significant added value for our valuable clients.