Prognosys Solutions' FRCS Software earns XBRL re-certification

09:52 - 22 October 2024

Companies Reporter

Prognosys Solutions has announced the re-certification of its flagship software, FRCS – Financial Reporter Compliance Suite, under the XBRL (eXtensible Business Reporting Language) standards.

This re-certification ensures that FRCS continues to meet the rigorous requirements set by global financial regulators, maintaining its position as a trusted solution for financial reporting. It further reflects Prognosys Solutions' commitment to providing up-to-date, compliant, and reliable tools for financial reporting, a press release notes.

"The re-certification of our FRCS software reaffirms our commitment to regulatory excellence," said Elias Afxentiou, CEO of Prognosys Solutions. "As regulations and standards evolve, it's essential for businesses to have tools that are not only compliant but adaptable. Our clients can rely on FRCS to simplify their financial reporting processes with confidence."

"Prognosys Solutions is proud to be the only company in Cyprus offering software that holds XBRL certification. This recognition highlights the company’s leading role in providing effective solutions for businesses in a fast-evolving regulatory environment.

The XBRL re-certification confirms that FRCS continues to deliver precision and accuracy in financial data reporting, ensuring compliance with the highest regulatory standards. It also supports businesses in meeting both local and international reporting requirements, streamlining processes, and reducing the time and costs associated with manual data processing. As a globally recognized standard, XBRL ensures that FRCS integrates smoothly with other XBRL-compliant systems, making it an ideal solution for companies operating across borders.

For more information on Prognosys Solutions products and services, visit www.prognosys.com.cy," the press release concludes.

Prognosys Solutions' FRCS Software earns XBRL re-certification

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