As part of Forward integrated system, the specific accounting solution is Forward Financials.
It is a modular software specifically designed for financial companies, which allows to fulfill all the accounting activities as managing Accounts Receivable/Payable, checking Statements of Accounts by third party and contract, drawing both Local GAAP and central IAS financial statements (through parallel and synchronized accounting postings).
Regarding this last topic, Forward Financials modular configuration allows to adopt two alternative approaches in term of integration model: managing all the accounting functionalities within the solution itself (making use of an extended configuration, including all the available accounting modules),  or feeding external general ledgers through a standard integration gateway.
Highly flexible configuration features allow the construction of "n" Charts Of Accounts, with no-limits of hierarchical accounting aggregations, so as to enable the account managers to obtain simultaneously diversified and custom views/reclassifications. Moreover, it is possible to activate different detail levels for each single account, according to the specific needs: at third party level, at contract level, at financial schedule level, at asset level.
Here are the main features included in Forward Financials:

• Portfolio administration
  • index recognition
  • calculation of index adjustments
  • installment sorting and extraction
  • installment accrual (massive)
  • interest of arrears and penalties accrual
  • pro-forma invoice issue
  • invoice issue
  • automatic accounting postings
  • direct debit activation
  • direct debit submission to Banks
• Customer management
  • statement of account (at contract or customer level)
  • summary of account statements (at contract or customer level)
  • receivable ageing list
  • installment accrual (single invoice, on-line)
  • installment reversal
• Supplier management
  • supplier statement of accounts
  • contract statement of accounts
  • payable ageing list
• Credit Impairment
  • credit portfolio segregation
  • analytical credit devaluation, analytical/forfaitaire credit devaluation and collective credit devaluation
  • cut-off levels management for the automatic recognition of the ‘relevant positions’ or of the positions which must be submitted to analytical devaluation
  • PD management
  • credit collection rates management (at different levels: contract type, collateral type and contract status)
  • analytical management of the “relevant positions”
  • delayed repayment agreements and collection schedules management
  • historical log (track of accounting fund / adjustments / write-backs)

Referring to a configuration of Forward Financials based on a technical and functional integration with an external general ledger, the feature coverage is extended as follows:

• Accounting reporting
  • IAS accruals reporting
  • IAS principal reporting
  • Local GAAP accruals reporting
  • Local GAAP principal reporting
• Integration gateway
  • it’s a dedicated technological module which allows Forward Financials to upload accounting postings to external Local-GAAP / IAS accounting systems

Referring to a configuration where all the accounting functionalities are supported by Forward Financials modules, the feature coverage includes (other functionalities are available for some specific countries):

• Customer ledger
  • statement of accounts (by customer/contract)
  • accounts receivable summary
  • contract ageing
  • VAT documents
  • collection
  • settlements
• Supplier ledger
  • statement of accounts (by supplier/contract)
  • supplier ledger
  • payable ageing
  • VAT documents
  • settlements
• Cash management
  • bank transfers
  • auto cash management (in/out)
  • bank accounts reconciliations
• Fixed asset management
  • fixed assets (leased/property)
  • asset book print
  • asset depreciation
  • asset selling
  • disposals
  • asset write-off
• Legal & fiscal reporting
  • accounting journal
  • VAT management
  • withholding management
  • other (according to local regulations)
• Local GAAP general ledger
  • accounting postings
  • inquiries & views
  • financial statements
  • closing procedures
  • utilities
• IAS general ledger
  • accounting postings
  • inquiries & views
  • financial statements
  • closing procedures
  • utilities