technology and expertise
scalable IFRS 9 solutions
made simple
with our technology
and expertise
and scalable
IFRS 9 solutions
Provider of IFRS 9
Expected Credit Loss Solutions
made simple
i9 Partners is a specialist provider of IFRS 9 Expected Credit Loss (ECL) measurement solutions with an experienced multi-disciplinary team of credit risk, modelling, and automation experts. We provide our clients with a full expert report in plain language, that includes all the necessary IFRS 9 and audit requirements and is designed to facilitate approval by CFO’s, Audit and Risk Committees (ARC) and the Auditors.
Our expert Expected Credit Loss reports and proven methodologies are trusted and have passed through audit at all the large firms on more than 50 major assignments.
We calculate Expected Credit Losses (ECLs) on all categories of financial assets, with the common items being trade receivables, loan portfolios, inter-company loans and guarantees. Our solutions are designed for use by large corporates to smaller companies, public sector entities, smaller financial institutions, and auditors.
In strategic partnership with Moody’s Analytics
i9 Partners has a strategic partnership with Moody’s Analytics, the leading global provider of credit risk measurement tools to apply their best of class risk measurement and IFRS 9 suite of software to South African corporates. This includes benchmarking and measurement tools derived from their credit research database that includes over 1 million sets of South African financial statements.
Why Clients Work With Us
Risk Reduction
You need to know that measurement bases and calculations stand up to scrutiny. Our deep analysis and expertise provide real insight into your credit risk and eliminates the risk of error and the effort of in-house preparation and ensure you get it right first time.
Efficiency
We ensure the correct and most efficient techniques for measuring each asset class or material balance are used. We maximise efficiency by marrying technical expertise with the high level of automation that we have developed over the hundreds of trade receivables books and thousands of loans for which we have measured ECL’s.
Expertise and Trust
You and your auditors will have our proven expertise on tap. Our audit accepted expert report delivers considered and justifiable conclusions and our focus is on getting you seamlessly through the audit.
How Clients Work With Us
1. Initial Online assessment
Companies provide us with a high-level understanding of their requirements through our online assessment form, which only takes a few minutes.
2. NDA, information sharing and cost estimate
We have a standard reciprocal NDA which we ask clients to sign for us all to share information freely.
We will also share a more detailed information requirement document which will allow us to perform a realistic assessment of your requirements and a cost estimate.
3. Engagement
Once engaged, we brief clients on “readiness” requirements and schedule the information gathering process as well as define the required deadlines.
Projects typically take 2 – 3 weeks to complete from when we receive all the required data. We present our measurement numbers in a report suitable to take to your board (if necessary) as well as the auditors.
4. Reporting
We provide a full expert report that includes the basis of our calculations, major assumptions and considerations for both interim and final numbers, that is designed to facilitate approval by CFO’s, Audit and Risk Committees (ARC) and the Auditors. We spend time with your auditors explaining our peer reviewed and audit approved methodologies as well as the expert judgements required.
The report will also provide clients with justification for their new S11j income tax allowances as the old bases for debtors’ provisions are no longer allowed by SARS if IFRS is applied.