October 15, 2018 — Wolters Kluwer’s Governance, Risk & Compliance (GRC) division has been honored with five Golden Bridge Awards. The wins include:Gold: ELM Solutions - Customer Service Department of the Year Silver: CT Corporation – Innovation of the Year from Industries All over the World – UCC Filing HubBronze: CT Corporation - New Products and Services (Legal) with hCue Org ChartsBronze: ELM Solutions – New Products and Services (Information Technology Software): LegalVIEW® BillAnalyzerBronze: Lien Solutions – New Products and Services (Accounting, Banking, Financial and Insurance) – iLien Manage
October 15, 2018 — Bank of Beirut has implemented Wolters Kluwer’s OneSumX to provide its software for managing International Financial Reporting Standard (IFRS) 9. The accounting standard replaces the IAS 39 standard and came into effect at the start of the year. It addresses classification and measurement, impairment methodology and hedge accounting.