Regulatory Reporting for Premier® from Fiserv is a comprehensive and easy-to-use application that simplifies the Federal Financial Institution Examination Council (FFIEC) Call Report process.
Regulatory Reporting for Premier automatically collects, allocates and validates data from Premier deposit, loan, general ledger and investment systems, delivering it to regulators electronically to satisfy your quarterly reporting requirements. By eliminating the labor-intensive and often error-prone process of gathering account information manually, Regulatory Reporting for Premier minimizes formatting errors and saves your financial institution time and resources.
The application provides your staff with clear, concise descriptions when transferring account information to the Call Report format. The user-friendly interface enables you to map extracted data directly into the Call Report, using drop-down menus for balance and term information, and also allows you to verify and make adjustments to the information that composes your totals.
Due to the time-sensitive nature of regulatory compliance, prompt and accurate reporting of account information is crucial. Regulatory Reporting for Premier provides an extra level of protection against inadvertent errors that can substantially slow the process, automatically performing edits to ensure that reports are generated to industry specifications and delivered in a timely way.
You’ll find all the tools you need in Regulatory Reporting for Premier, including the forms required for filing reports. In addition to the FFIEC 031 and 041 forms, the solution also supports Form FR Y-9, used for holding company reporting.
- Electronic delivery: After all account information is collected, allocated and validated, Regulatory Reporting for Premier transmits the completed report files to the Central Data Repository (CDR), using the federally compliant Extensible Business Reporting Language (XBRL) format. All that is required to submit the regulatory report is a PC with an Internet connection
- Flexibility: With program updates provided on a quarterly basis, Regulatory Reporting for Premier easily adapts to ongoing changes in FFIEC reporting requirements. Additional report values can be quickly added to the system and easily verified to ensure your reports are accurate. Schedule formats and sequences can also be changed at any point, allowing ample time for verification before quarter-end reporting
- Annotation capability: You can easily add footnotes to any account on the Call Report