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Radana Finance strengthens its partnership with ElysianNxt and implements IFRS9.NXT to support their new business model

Jakarta, March 2022

In 2019, PT. Radana Bhaskara Finance Tbk selected ElysianNxt to provide an IFRS 9/PSAK 71 solution for their retail business. The implementation took only five months to go live and allowed the users to streamline their processes and easily comply to regulations set by the local regulator OJK.

In 2022, Radana further strengthened its relationship with ElysianNxt and embarked on a new IFRS 9/PSAK 71 project to support their new corporate business model. The implementation is expected to go live in less than three months and will not only meet but exceed current regulatory requirements

Radana logo

“It’s an honour for our company to be able to collaborate again with one of the best ECL Calculation Solution Providers.” 

- Muhammad Ichsan Prasetyo, PT. Radana Bhaskara Finance, Tbk

ElysianNxt's IFRS9.NXT solution is part of a pioneering, end-to-end Accounting, Financial & Risk platform that was built from scratch using the latest streaming technologies. By using a distributed microservices architecture compared to a traditional central-database design, the solution can quickly exchange large
quantities of information in near-real-time. Radana users can react quickly to changes by performing real-time stress testing and running multiple simulations on the fly to see the immediate impact in minutes. The user-friendly system interface design provides useful information from the portfolio level, which can
be drilled down to the contract level and exported in various formats

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"The extreme flexibility of our NXT. Platform assists our users in executing their strategic business plans. It’s an honour to continue our strategic partnership with Radana."

- Chris Puype, CEO & Founder ElysianNxt