Scaling IFRS Claim Evaluation with Rapid Planner
Client
MKK Zrt. is a leading Hungarian receivables management company, managing large portfolios of retail and corporate claims. Due to IFRS reporting requirements, the company must regularly evaluate expected cash flows and claim values with full transparency and auditability.
Challenge
The company relied on a manual, Excel-based process to evaluate claims under IFRS. Controllers extracted system data, distributed spreadsheets to case managers, and manually consolidated returned files.
This approach created significant inefficiencies and risks. Processing a single claim could take up to two hours, version control was unclear, and factual data could be modified without validation. During peak periods such as year-end closing, the workload became difficult to manage.
In addition, auditors raised concerns about transparency and data integrity within the open Excel environment.
Solution
Abylon redesigned the IFRS evaluation process in two steps.
First, all valuation logic, including NPV calculations, was centralized in a structured database environment. This eliminated fragmented Excel formulas and created a single source of truth for financial calculations.
In the second phase, Abylon introduced Rapid Planner to enable controlled user input. Claim-level Excel templates were automatically generated with pre-filled and protected system data. Case managers could enter forecast-related information in designated fields, while core data and calculation logic remained centrally governed.
The solution combined automation with transparency. Controllers no longer needed to manually consolidate files, calculations became traceable, and business users could continue working in a familiar Excel interface within a controlled framework.
Results
By automating and restructuring the IFRS evaluation workflow, MKK replaced a manual, email-based process with a controlled and scalable solution. The new setup reduced operational burden while strengthening transparency and audit readiness.
Key achievements:
- Automated data extraction and template generation
- Significantly reduced manual processing time per claim
- Protected factual data with controlled user input
- Eliminated version control issues
- Transparent and traceable IFRS calculations
- Simplified audit process with system-generated data
- Scalable workflow for 80 to 100 claims, even at year-end
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