The Accounting Module (Channel) gives you direct access to your key balance sheet and profit and loss (P&L) figures with its powerful corporate governance and budgeting capabilities. It also combines results for schemes around the world, allows you to model future scenarios and includes on-demand disclosures.
Key Functions and Benefits
Easy-to-use
Accounting presents up-to-date accounting information via an easy-to-use and intuitive online platform.
Daily updates
The Accounting Module provides daily updates of P&L and balance sheet information based upon emerging financial conditions.
Forecasts
Accounting allows you to view forecasts of the balance sheet and P&L position over the next 10 years.
Explore
Accounting’s flexible ‘what-if’ functionality helps you explore the potential impact of different economic scenarios.
Model future impacts
The Accounting Module gives you the ability to model the impact of business-specific future events (for example, plant closure or a reduction in headcount).
Key information
Accounting provides you with relevant information about asset returns and assumption changes, to help you understand the changing position.
Accurate figures
Figures provided are based on the requirements of International, UK and US GAAP, making allowance for local funding regimes.
On-demand disclosures
Accounting enables you to produce accounting disclosures and downloadable reports on demand.
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Hear from our clients
User reviews are the best indicator of our success
“We use Asset Liability Suite across our UK Pension fund fiduciary management client base to monitor our client’s funding positions on a daily basis and implement de-risking strategies based on funding level triggers. Asset Liability Suite gives us robust and up-to-date monitoring of assets and liabilities we can rely on for the management and governance oversight of our client’s pension funds.”
Willis Towers Watson
Delegated Investment Team
“Asset Liability Suite enables us to keep track of our long term journey plan in real time, allowing us to address any opportunities or concerns that arise in a timely way - significantly contributing to our overall governance framework.”
Tesco Pension Trustees Limited
“Asset Liability Suite enables us to track the financial position of the various segregated sections within the Plan both on the funding and accounting bases. With Channel we can monitor the balance sheet and projected pension expense position as we approach the year-end which helps us manage expectations within the Group. It also provides useful information arranged to correspond to each reporting unit within our business.”
DHL
“Channel has given me the ability to independently monitor our IAS 19 pension liabilities on a more regular basis, and has improved the accuracy of our internal reporting”
RELX Group
“We use Asset Liability Suite to monitor the schemes’ funding positions, which can now be obtained instantly. A key function of Asset Liability Suite is to help measure progress against the schemes’ journey plans – for example, the triggers module plays an important part in this because it gives an early alert for de-risking and investment strategy decisions that may need to be taken. In addition, the risk module supplements the regular reporting of key risk statistics.”
Lloyds Banking Group
Pension Investment and Finance Team
“In the five years since we started using Asset Liability Suite to track our assets and liabilities, the Plan’s funding position has significantly improved. Five years ago the Plan had a substantial deficit, now we are close to being fully funded. This improvement was due to many factors – one of the main ones was our decision to implement a dynamic asset strategy that linked directly to Asset Liability Suite. Setting up pre-agreed funding level trigger points that were tracked daily by Asset Liability Suite, enabled a nimble de-risking action as soon as the time was right, locking in on beneficial investment performance. Over time, although funding and asset strategies have changed, Asset Liability Suite continues to help us move closer to self-sufficiency and to improve the security for our members.”
Sony Music UK
The Trustees of the UK Pension Plan
We use Asset Liability Suite to track our Fund’s progress against our journey plan, allowing us to ensure that all stakeholders are aware of whether we are ahead or behind our target. We also use Asset Liability Suite to monitor our accounting position, which ensures there are no unexpected surprises at reporting dates.”
Balfour Beatty
