PT Abhimata Persada & Fernbach-Software S.A Develop Strategic Partnership & Launch the First PSAK Competency Center in Indonesia.

PT Abhimata Persada and Fernbach-Software S.A, today sign the strategic partnership agreement where PT Abhimata Persada will have the exclusive right to provide the Pernyataan Standar Akuntansi Keuangan also known as PSAK Solution from Fernbach-Software S.A with its prime product called FlexFinance®. This partnership agreement also announces the launching of the first PSAK Compentency Center in Indonesia.

“Because of the regulation from the Central Bank of Indonesia where all the banking and financial institutions to adopt the PSAK 50 & 55 standard, this will become mandatory to all the banking institutions to immediately adopting the reporting standard based on the standard of PSAK 50 & 55 from Central Bank of Indonesia”, said Darwin Sariaatmadja, President Director of PT Abhimata Persada.

“With the 20 years of experience in providing the IT solution for banking sector in Indonesia, we see the opportunity from this regulation in adoption to PSAK 50 & 55 standard, and because of this, we build this strategic partnership with Fernbach-Software S.A where we find that they have in-depth expertise and competency in providing PSAK (IFRS) solutions. Looking at the Fernbach-Software S.A’s background, we trust and we believe on them, that’s why we choose Fernbach-Software S.A, we develop this strategic partnership to make sure we work together in introducing their solution to Indonesia.” he added.

Arnaud Picut, Managing Director Asia Pacific of Fernbach-Software S.A said, “We are very happy in partnership with PT Abhimata Persada. As we can see that PT Abhimata Persada has a very strong position in Indonesian’s Banking Sector as System Integrator. Through this strategic partnership, we can offer various services to efficiently support our client during FlexFinance implementation and after go-live date. Additionally, the competency center will offer expertise and resources coming various countries to cover the current lack of practical experience in Indonesia. We had already the most used IFRS package in the world, we have now an organization and structure to handle several implementation projects in parallel in Indonesia.

“Besides the partnership with Fernbach-Software S.A, we also announce the development of our first PSAK Competency Center in Indonesia with Fernbach-Software S.A, this PSAK Competency Center will become the main source of expertise from local and international to help Indonesia’s banking sector in the adoption of PSAK 50 & 55 standard” said Darwin Sariaatmadja. “We are proud to introduce the PSAK Competency Center because it will become the place we you can find the best expert in providing consultation for applying PSAK 50 & 55 standard” he added.


“What we already planned beside the development of PSAK Competency Center is we also offer the first hosted ASP of FlexFinance® solution. This ASP mode is based on rent system where the bank doesn’t need to invest a of money to purchase the PSAK system itself, the bank only needs to provide their data, send it to us securely and our FlexFinance® will process the data and output its reporting following the PSAK 50 & 55 standard. We plan this strategy to help second and third layer banks (includes BPD, Region Development Bank) so they can still comply to the PSAK 50 & 55 standard without the need to purchase the PSAK system itself.” said Darwin Sariaatmadja.

“ There are still much more to come, the PSAK Competency Center will propose a Partner Program to attract more resources coming other local companies that desire entering within PSAK market to support FlexFinance® implementation. It will also propose a Training Center to provide the difference training sessions for our clients and partner. Additionally, we are pleased to announce that Samil PwC (Korea) is endorsing the PSAK Competency, by bringing its support and proven experience to help Indonesian banks to comply with the new International Accounting Standard. Inclusion, we have the software already used by prestigious financial institutions such as ICBC or Woori Financial Group, we have the team with different backgrounds and we have a proven methodology for a fast and secure implementation” Said Arnaud Picut.

About PT Abhimata Persada :
PT Abhimata Persada is the leading IT Solution provider in the Indonesia’s banking sector. PT Abhimata Persada established in Jakarta, on year 1990 and is the subsidiary of Elang Mahkota Teknologi Group. Currently, PT Abhimata Persada employs around 80 associates working full time serving its clients such as BCA, BNI, Bank Mandiri, Bank Permata, etc.

About Fernbach-Software S.A :
FERNBACH is a global leader of analytical solutions for the finance industry. Modular software bundles for Multi-GAAP accounting, risk, compliance and lending enable our customers to optimise business processes. FERNBACH offers a sophisticated component-based solution portfolio which ensures faster time to market and rapid implementation of banking requirements thus mitigating risk and ensuring quality. FERNBACH's customers worldwide benefit from our combined expertise to overcome challenges and to provide solutions for future success. FERNBACH innovates to maximise the performance of our clients.

PT Abhimata Persada
Menara Batavia 5th Floor
Jl. KH Mas Mansyur Kav. 126
Jakarta 10220

Telephone : (62) 21 5793 0180
Fax : (62) 21 5793 0185

Press Contact to Mr Willy Ng / Product Management Group

This release was published on openPR.