Simplified reporting for BSP-regulated institutions in the Philippines

As a financial institution in the Philippines regulated by the Bangko Sentral ng Pilipinas (BSP), you’re responsible for adopting the BSP set of standards for financial reporting. As stated by the BSP, this set of standards is aimed to promote fairness, transparency and accuracy in the financial reporting process.

While financial reporting is important for the BSP, it can be an administrative burden for your accounting department. Preparing your annual audited financial statements and financial statements for prudential reporting correctly requires time, training, attention to detail and an understanding of your business and the BSP’s requirements.

Get a FREE guide: How Instafin to streamlines BSP reporting

Learn how to get a real-time data at your fingertips and the ability to make standard and custom reports in less time.

Fill in the data below and you will receive an instant access to the guide.

Oradian’s core banking platform enables financial institutions to streamline their reporting processes. Because we serve a growing community of financial institutions throughout the Philippines, our platform includes features to make reporting easier for BSP-regulated institutions.

Custom reporting feature makes it easier for you to submit your financial statements to the BSP on time and in the correct format. Oradian enables you to quickly create reports for the BSP in the following ways:

  • Standard reports: Oradian’s reporting module offers more than 50 standard reports. In just one click, Oradian’s reporting module creates the standard report for you using accurate, real-time data.
  • Accounting standards: All of Oradian’s accounting reports are built with standard accounting principles. You have ready-made reports that follow GAAP and IFRS. This ensures that the reports you create and submit to the BSP follow GAAP and IFRS, meaning you meet the BSP’s requirements for accounting standards.
  • Customised reports: Through Oradian’s platform, you can create customised reports. Custom reporting enables you to create reports with more specific information. All reports can be exported to Excel as a spreadsheet. In Excel, you can analyse the data and set filters to present the data according to the BSP’s requirements. This spreadsheet can be uploaded as a template to Oradian’s core banking platform. It is then saved a custom report and is available at all times without configuring it again.

Example of dynamic report