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What is AB Compliance?

AB-Compliance is part of the AB-Suite of products that helps an Auditor to generate the financial statements required for a company to comply with the annual regulatory reporting. AB-Compliance takes the trial balance as the input and generates the following regulatory financial statements:

  • Balance Sheet
  • Income Statement / Profit and Loss Account
  • Directors Report
  • Management Report
  • Chairperson Statement
  • Internal Auditor’s Report
  • Statement of Financial Position
  • Statement of Profit and Loss
  • Changes in Member’s equity
  • Statement of Cash Flows
  • Notes to Financial Statement

AB-Compliance ships with a set of templates for each of these financial statements so that auditors can start off the audit process the moment the application is available to them. Additional templates can be created by the auditors at the global level or be purchased. Auditors can have separate templates for each client and can use these for a specific audit. Templates can be modified for an audit or for a client.

Financial Statements can be generated at each stage of the audit and cheeked, corrections can be made to the trial balance by passing journal vouchers, changes can be made to the  explanatory statements of the reports before the a final version of the statement can be generated in a PDF or Rich Text Format (compatible with most word processing software) format.

Using AB-Compliance to generate financial statements offers auditors and their client several benefits like -

  • The ability to cope up with frequent changes in financial regulations by governments
  • The ability to make make minor modifications to financial statements due to notifications on existing existing regulations 
  • No overhead in deploying the AB-Compliance as its available as a service (unless you have opted to have it installed in-house)
  • Capability to handle most time of financial statements with reasonable limits on payload of content that can be transmitted over the network.
Concepts

Understand the concepts of the application

Discovery Document

See if AB Compliance is the right product for you.

Use the guide for an indepth evaluation

Implementors Guide

A guide to help you implement the application

Infographic

Graphical Information about the product

EBooks

Books about the application

Case Studies

Use cases and real life cases

Presentations

Open Office presentation decks of the application

Flyers

Product Flyers 

Fit Gap Template

Template to determine fit of the application vis-a-vis the business

Tutorials

Learn to use the application step by step

Join the Community on Discord

About

Sastra Technologies is a technology firm that serves new age Fintech companies, Small Finance Banks, payment Banks, Banks, Non-Banking Financial Companies and Financial Institutions. Our philosophy is to develop products that are cost effective so that our clients derive value using them. For the last 7 years we have done so by embracing cloud technologies and developing unique capabilities that allow us to offer a value proposition that is unmatched in the industry today.