Kansas City, Missouri – September 30, 2019: Card Compliant announces the expansion of its OptiEarnings solution to include the Financial Reporting Standards (FRSs) set by the Financial Reporting Counsel (FRC) for United Kingdom companies. The move extends the use of Card Compliant derecognition accounting technologies to companies deploying UK accounting standards.
Card Compliant supports clients with large portfolios of international trade payables including prepaid cards and other instruments. With the UK addition, the company’s derecognition technologies apply to standards set in U.S. Generally Accepted Accounting Principles ( US GAAP) by the Financial Accounting Standards Board (FASB); the International Financial Reporting Standards (IRFS) by the International Accounting Standards Board (IASB), and UK Financial Reporting Standards (FRS) set by the Financial Reporting Counsel (FRC).
About Card Compliant:
Card Compliant provides technology driven services along with artificial intelligent technologies to address regulatory, legal and accounting compliance challenges in high data business environments. The company international reach touches trade payables in twenty countries and sixteen currencies. For more information visit www.cardcompliant.com.