Introducing FINCAD® Auditor Insight™

FINCAD® announced today the launch of FINCAD® Auditor Insight™. The new Web-based application, powered by FINCAD Analytics, performs valuations of financial derivatives using independent, accurate and up-to-date market data. FINCAD Auditor Insight™ is accessible from any computer, giving field audit teams a solution to value clients' derivative positions on-site. For more complex financial instruments the audit firm's valuation specialists can access formulae, curves, and market data.

“We knew the industry needed a solution with this kind of flexibility,” says Jack

McKeown, Director of Product Management. “But it's much more than that. FINCAD Auditor Insight™ is a reliable financial derivatives application that can be used for valuing interest rate, foreign exchange and commodity derivatives.” FINCAD Auditor Insight™ is easy to use and easy to learn. Context-sensitive help, including tool tips, analytics specifications and valuation methodologies are at the user’s fingertips. The application is fully supported by the FINCAD Client Services Team who can help users learn how to use the system and answer general questions about the valuations and market data.

“Audit practices must be completely accountable to their customers” adds McKeown. “Our pricing reflects that reality. Our clients pay when they use the service, leaving costs easily attributable to a specific audit engagement.” “Audit firms and valuation specialists already trust our solutions and services,” said Robert Park, CEO of FINCAD. “With FINCAD Auditor Insight™ they can expect independent, accurate and reliable results. It lets the auditing team perform simple valuations and frees up valuation specialists to focus on more complex problems. These are major wins for both auditing firms and their clients.”

Denis Neavyn, Director of EMEA comments, “The European audit community has been asking for a solution to the issue of accurate derivative valuations for some time now”. Neavyn continues, “I am pleased to be launching FINCAD® Auditor Insight™ into the local market as there is a clear demand for a proven solution that can help auditors solve one of the toughest challenges they face.”