{"id":36,"date":"2025-04-17T13:38:16","date_gmt":"2025-04-17T13:38:16","guid":{"rendered":"https:\/\/cfo-tools.agma.studio\/?page_id=36"},"modified":"2025-09-28T13:17:42","modified_gmt":"2025-09-28T13:17:42","slug":"home","status":"publish","type":"page","link":"https:\/\/cfo.tools\/en\/","title":{"rendered":"Home"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"36\" class=\"elementor elementor-36\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3317c598 e-flex e-con-boxed e-con e-parent\" data-id=\"3317c598\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5b05198e e-flex e-con-boxed e-con e-parent\" data-id=\"5b05198e\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-112540a1 e-con-full e-flex e-con e-child\" data-id=\"112540a1\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6fc6f4f2 elementor-widget elementor-widget-heading\" data-id=\"6fc6f4f2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Making Finance Easier, One Tool at a Time.<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b2571cf elementor-widget elementor-widget-text-editor\" data-id=\"7b2571cf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Smart financial tools to streamline IFRS reporting, tax compliance and financial management, empowering CFOs, accountants, and auditors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c0a5a elementor-widget elementor-widget-button\" data-id=\"8c0a5a\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/go.cfo.tools\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Create a Free Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4ce772eb e-con-full e-flex e-con e-child\" data-id=\"4ce772eb\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-67efdd20 elementor-widget__width-auto hero-trust-text elementor-widget elementor-widget-text-editor\" data-id=\"67efdd20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Trusted by:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-772fa7da elementor-widget elementor-widget-image\" data-id=\"772fa7da\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_SiteGround.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7739f2e7 elementor-widget elementor-widget-image\" data-id=\"7739f2e7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"305\" height=\"80\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_BT.png\" class=\"attachment-large size-large wp-image-697\" alt=\"\" srcset=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_BT.png 305w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_BT-300x79.png 300w\" sizes=\"(max-width: 305px) 100vw, 305px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-529a505e elementor-widget elementor-widget-image\" data-id=\"529a505e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"306\" height=\"72\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_SopharmaTrading.png\" class=\"attachment-large size-large wp-image-700\" alt=\"\" srcset=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_SopharmaTrading.png 306w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_SopharmaTrading-300x71.png 300w\" sizes=\"(max-width: 306px) 100vw, 306px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4820fcac elementor-widget elementor-widget-image\" data-id=\"4820fcac\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"284\" height=\"110\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_BDO.png\" class=\"attachment-large size-large wp-image-696\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dd20592 elementor-widget elementor-widget-image\" data-id=\"4dd20592\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"159\" height=\"29\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_Cremio.png\" class=\"attachment-large size-large wp-image-698\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ca6cb9f elementor-widget elementor-widget-image\" data-id=\"3ca6cb9f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"115\" height=\"59\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/07\/site_Asarel.png\" class=\"attachment-large size-large wp-image-695\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5bea7c6a e-flex e-con-boxed e-con e-parent\" data-id=\"5bea7c6a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5341a0ea e-con-full e-flex e-con e-child\" data-id=\"5341a0ea\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f82a3c3 elementor-widget elementor-widget-heading\" data-id=\"2f82a3c3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">[ Who are we ]<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23b88361 elementor-widget elementor-widget-heading\" data-id=\"23b88361\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">We empower finance professionals with easy to use, compliant, and cost-effective tools for&nbsp;IFRS, tax, and financial analysis.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-98589c4 e-con-full e-flex e-con e-child\" data-id=\"98589c4\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-4dd18a79 e-con-full e-flex e-con e-child\" data-id=\"4dd18a79\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ce627f7 elementor-widget elementor-widget-image\" data-id=\"1ce627f7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"668\" height=\"1000\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/09\/img-4.webp\" class=\"attachment-large size-large wp-image-884\" alt=\"\" srcset=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/09\/img-4.webp 668w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/09\/img-4-200x300.webp 200w\" sizes=\"(max-width: 668px) 100vw, 668px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ab1c3db e-con-full e-flex e-con e-child\" data-id=\"6ab1c3db\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f6e36d3 elementor-widget elementor-widget-text-editor\" data-id=\"f6e36d3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Navigating complex financial regulations and reporting standards can be challenging.\u00a0CFO.tools\u00a0simplifies the process with\u00a0smart, user-friendly solutions\u00a0designed for\u00a0CFOs, accountants, and auditors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c4ab20e elementor-widget elementor-widget-heading\" data-id=\"7c4ab20e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Our Mission<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c2a1c40 elementor-widget elementor-widget-text-editor\" data-id=\"3c2a1c40\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"white-space-collapse: preserve;\">We empower finance professionals with easy to use, compliant and efficient tools for IFRS reporting, tax compliance and financial management to make better decisions in a fast changing world.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7565e285 elementor-widget elementor-widget-heading\" data-id=\"7565e285\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><span data-metadata=\"<!--(figmeta)eyJmaWxlS2V5IjoiVjhDVDFHam9mYnMwWE04Y0Y1RzhmVCIsInBhc3RlSUQiOjIxNDIxOTA4MTcsImRhdGFUeXBlIjoic2NlbmUifQo=(\/figmeta)-->\"><\/span><span 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Approach<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8817b7 elementor-widget elementor-widget-text-editor\" data-id=\"c8817b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We focus on innovative, compliant, and user friendly financial tools that streamline workflows, reduce risks, and enhance decision-making.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6a3f8cd2 e-con-full e-flex e-con e-child\" data-id=\"6a3f8cd2\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-6225bb90 e-con-full e-flex e-con e-child\" data-id=\"6225bb90\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5dc76dca elementor-widget elementor-widget-text-editor\" data-id=\"5dc76dca\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>25m+<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7751b626 elementor-widget elementor-widget-text-editor\" data-id=\"7751b626\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>records managed with our platform<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-32644547 e-con-full e-flex e-con e-child\" data-id=\"32644547\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-39fc9f90 elementor-widget elementor-widget-text-editor\" data-id=\"39fc9f90\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>40%+<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58129eae elementor-widget elementor-widget-text-editor\" data-id=\"58129eae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>improved reporting communication<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62ddb51f elementor-tablet_extra-align-center elementor-widget elementor-widget-button\" data-id=\"62ddb51f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/about-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">MORE ABOUT US<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7c40f5c8 e-flex e-con-boxed e-con e-parent\" data-id=\"7c40f5c8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-476478e4 elementor-widget elementor-widget-heading\" data-id=\"476478e4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Commitment to Quality & Comprehensive Solutions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6b26da65 e-con-full e-flex e-con e-child\" data-id=\"6b26da65\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-31e58ed0 e-con-full e-flex e-con e-child\" data-id=\"31e58ed0\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5f7141e3 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"5f7141e3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Quality pledge<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65b11dfa elementor-widget elementor-widget-text-editor\" data-id=\"65b11dfa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our tools have been developed by a team with significant experience in finance, valuations and statistical analysis, in close collaboration with experienced IFRS and tax specialists. All tools have been already implemented since 2018 in small, medium and large enterprises in Europe, audited by international and local audit firms.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-693ffdfb elementor-absolute elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"693ffdfb\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"72\" height=\"88\" viewBox=\"0 0 72 88\" fill=\"none\"><path d=\"M58.141 58.6092C58.7088 57.943 59.4629 57.4491 60.3629 57.1731L62.634 56.477C65.8789 55.4821 67.8283 52.1123 67.0742 48.8024L66.5381 46.4487C66.1777 44.8666 66.5873 43.3408 67.693 42.1526L69.3119 40.4141C71.6234 37.9303 71.6269 34.0367 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26.3463 39.2603 27.3782 39.7385 28.9567C39.4748 28.6104 38.9914 28.5032 38.6029 28.7264C38.1828 28.969 38.0387 29.5069 38.2812 29.927C38.8279 30.8744 39.684 31.3965 40.6912 31.3965H50.1254C50.8918 31.3965 51.5141 32.0188 51.5141 32.7852C51.5141 33.5516 50.8918 34.1721 50.1254 34.1721Z\" fill=\"black\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6f73e762 e-con-full e-flex e-con e-child\" data-id=\"6f73e762\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-36b7264a elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"36b7264a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Clear Methodology<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e41f231 elementor-widget elementor-widget-text-editor\" data-id=\"4e41f231\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><br \/>The tools are developed with a well-defined methodology and documentation about the level of detail, sources of data used, assumptions made, methods and calculations employed. We have developed in-platform help, documentation and training videos to facilitate the use of our tools and the interpretation of results.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-30e29a4a elementor-absolute elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"30e29a4a\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"80\" height=\"80\" viewBox=\"0 0 80 80\" fill=\"none\"><path d=\"M14.7881 8.10525C11.1028 8.10525 8.10478 11.1033 8.10478 14.7885C8.10478 18.4737 11.1028 21.4702 14.7881 21.4702C18.4733 21.4702 21.4713 18.4721 21.4713 14.7885C21.4697 11.1033 18.4733 8.10525 14.7881 8.10525ZM14.7881 19.8609C11.9912 19.8609 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fill=\"black\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-33063f26 e-con-full e-flex e-con e-child\" data-id=\"33063f26\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-36e45850 elementor-widget elementor-widget-heading\" data-id=\"36e45850\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Comprehensive solution<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7edf52cc elementor-widget elementor-widget-text-editor\" data-id=\"7edf52cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our team provides comprehensive support and training on tool usage, data processing, and result interpretation. Potential clients, accounting and audit firms are invited to contact us for a free training session, enabling financial professionals to confidently and effectively integrate these tools into their workflows.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a34f647 elementor-absolute elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"5a34f647\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"93\" height=\"76\" viewBox=\"0 0 93 76\" fill=\"none\"><path d=\"M50.8228 27.379C50.7459 27.3472 50.564 27.246 50.5396 26.9949L50.3483 24.9318C50.2377 23.7344 49.3226 22.8125 48.1262 22.6869C47.0367 22.5745 45.9303 22.5782 44.8408 22.7C43.6444 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14.6781C51.9141 14.6088 51.6179 14.6763 51.3909 14.8562C51.1641 15.0379 51.0347 15.3134 51.0384 15.6038L51.0834 18.3246C51.0834 18.5008 50.9934 18.6357 50.8321 18.705C50.669 18.7744 50.5096 18.7444 50.384 18.6207L42.1349 10.6194C42.0449 10.5313 42.0092 10.4489 42.0092 10.3233C42.0092 10.1978 42.0449 10.1153 42.1349 10.0273L50.384 2.02599C50.5115 1.90231 50.6709 1.87233 50.8321 1.94166C50.9953 2.011 51.0834 2.14591 51.0834 2.32205V6.12782C51.0834 6.58503 51.4116 6.97479 51.8635 7.05162C66.884 9.6244 77.7865 22.5651 77.7865 37.8182C77.7865 54.9657 63.8274 68.9689 46.6692 69.0344L2.47776 69.0363ZM90.4874 65.6091L82.2383 73.6104C82.1108 73.734 81.9514 73.7621 81.7901 73.6947C81.627 73.6254 81.5388 73.4904 81.5388 73.3143V69.9732C81.5388 69.4561 81.1188 69.0363 80.6012 69.0363H57.581C62.0253 67.4717 66.1095 64.9532 69.5824 61.5897H80.5993C81.1169 61.5897 81.537 61.1699 81.537 60.6528V57.3117C81.537 57.1356 81.627 57.0007 81.7882 56.9313C81.9514 56.8639 82.1108 56.892 82.2364 57.0156L90.4855 65.0169C90.5755 65.105 90.6111 65.1875 90.6111 65.313C90.613 65.4386 90.5774 65.521 90.4874 65.6091Z\" fill=\"black\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-470400e0 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"470400e0\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/go.cfo.tools\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Create a Free account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-771c439f e-flex e-con-boxed e-con e-parent\" data-id=\"771c439f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1b057922 e-con-full e-flex e-con e-child\" data-id=\"1b057922\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4fb0533e elementor-widget elementor-widget-heading\" data-id=\"4fb0533e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">[ how we can help you ]<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a0cbd45 e-con-full e-flex e-con e-child\" data-id=\"a0cbd45\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3116defe elementor-widget__width-auto elementor-widget-laptop__width-auto elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"3116defe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Tools We Offer<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6f1618 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"a6f1618\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our platform provides easy-to-use solutions that help CFOs, accountants, and auditors \u2028streamline workflows, enhance decision-making, and maintain compliance with ease. We&#8217;re continuously developing new financial tools for IFRS, tax, and financial decision-making purposes. You&#8217;ll find a list of our current tools below:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-460a4236 homepage-faq elementor-widget elementor-widget-n-accordion\" data-id=\"460a4236\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1170\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1170\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Expected Credit Loss Tool for loans under IFRS 9, General Approach <span>The tool estimates the 12-month or lifetime Expected Credit Loss (ECL) for loans under the IFRS 9, General Approach.<\/span> <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M16 23H30\" stroke=\"white\" stroke-width=\"2.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M23.6216 14V31.3926M14.9189 22.6963H32.3244\" stroke=\"white\" stroke-width=\"2.48649\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1170\" class=\"elementor-element elementor-element-66ebe93a e-con-full e-flex e-con e-child\" data-id=\"66ebe93a\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1170\" class=\"elementor-element elementor-element-7cee8176 e-con-full e-flex e-con e-child\" data-id=\"7cee8176\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1170\" class=\"elementor-element elementor-element-6ab68a78 e-con-full e-flex e-con e-child\" data-id=\"6ab68a78\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eeb3ca0 elementor-widget elementor-widget-text-editor\" data-id=\"eeb3ca0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The tool streamlines ECL estimation through a detailed yet materially automated process. It offers a straightforward way to calculate ECL, leveraging your inputs with pre-prepared models and data from CFO.tools:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15e35551 elementor-widget elementor-widget-text-editor\" data-id=\"15e35551\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>User-provided inputs include data about the borrower (e.g. credit rating) and the instrument (e.g. amounts, repayment schedule, interest rate). Our team can support you with additional analyses if some information is not available (e.g. credit rating data).<\/li><li>Based on the input data, CFO.tools&#8217; statistical and macroeconomic models will automatically assess the 12-month or lifetime Probability of Default (PD) for each instrument at the required date. The statistical models rely on detailed historical data about PD over time, transitions between different ratings, macroeconomic data, forecasts and adjustments, and other market information.<\/li><li><p>The tool automatically estimates Loss Given Default (LGD) based on the collateral details you provide, while manual adjustments are also possible.<\/p><\/li><li>With these analyses complete, ECL is automatically calculated to determine the instrument&#8217;s impairment for the period.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1170\" class=\"elementor-element elementor-element-39ec8b35 e-con-full e-flex e-con e-child\" data-id=\"39ec8b35\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5fa323ad elementor-widget elementor-widget-text-editor\" data-id=\"5fa323ad\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Advantages<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ba63b5b elementor-widget elementor-widget-text-editor\" data-id=\"4ba63b5b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Fast and easy-to-use<\/li><li>Automated data input for key ECL components (PD, LGD)<\/li><li>Automatic forward-looking macroeconomic and scenario adjustments to point-in-time PD<\/li><li>Market-based estimates for PD and LGD, updated regularly<\/li><li>Robust risk scenario testing<\/li><li>Multi-period analyses with a single data entry<\/li><li>Re-use of data across different tools and purposes, including transfer pricing analyses<\/li><li>Support and help available thought the process<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1170\" class=\"elementor-element elementor-element-238e73ed e-con-full e-flex e-con e-child\" data-id=\"238e73ed\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1170\" class=\"elementor-element elementor-element-58a7982e e-con-full e-flex e-con e-child\" data-id=\"58a7982e\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1143e01c elementor-widget elementor-widget-text-editor\" data-id=\"1143e01c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The methodology and the approach of the tool have been consulted with IFRS experts from a leading audit firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1170\" class=\"elementor-element elementor-element-7fcb5cd8 e-con-full e-flex e-con e-child\" data-id=\"7fcb5cd8\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7fe5915b elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"7fe5915b\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/ifrs9generalloans\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-458d4531 homepage-faq elementor-widget elementor-widget-n-accordion\" data-id=\"458d4531\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1160\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1160\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Expected Credit Loss Tool for receivables under IFRS 9, General Approach <span>The tool estimates the 12-month or lifetime Expected Credit Loss (ECL) for receivables under the IFRS 9, General Approach.<\/span> <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M16 23H30\" stroke=\"white\" stroke-width=\"2.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M23.6216 14V31.3926M14.9189 22.6963H32.3244\" stroke=\"white\" stroke-width=\"2.48649\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1160\" class=\"elementor-element elementor-element-1bc94f6c e-con-full e-flex e-con e-child\" data-id=\"1bc94f6c\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1160\" class=\"elementor-element elementor-element-56ef809 e-con-full e-flex e-con e-child\" data-id=\"56ef809\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1160\" class=\"elementor-element elementor-element-10f2aedf e-con-full e-flex e-con e-child\" data-id=\"10f2aedf\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5985d116 elementor-widget elementor-widget-text-editor\" data-id=\"5985d116\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The tool streamlines ECL estimation through a detailed yet materially automated process. It offers a straightforward way to calculate ECL, leveraging your inputs with pre-prepared models and data from CFO.tools:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d60315e elementor-widget elementor-widget-text-editor\" data-id=\"d60315e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>User-provided inputs include data about the borrower (e.g. credit rating) and the instrument (e.g. amounts, repayment schedule, interest rate). Our team can support you with additional analyses if some information is not available (e.g. credit rating data).<\/li><li>Based on the input data, CFO.tools&#8217; statistical and macroeconomic models will automatically assess the 12-month or lifetime Probability of Default (PD) for each instrument at the required date. The statistical models rely on detailed historical data about PD over time, transitions between different ratings, macroeconomic data, forecasts and adjustments, and other market information.<\/li><li><p>The tool automatically estimates Loss Given Default (LGD) based on the collateral details you provide, while manual adjustments are also possible.<\/p><\/li><li>With these analyses complete, ECL is automatically calculated to determine the instrument&#8217;s impairment for the period.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1160\" class=\"elementor-element elementor-element-5c630e7a e-con-full e-flex e-con e-child\" data-id=\"5c630e7a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-763849e9 elementor-widget elementor-widget-text-editor\" data-id=\"763849e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Advantages<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43cdc11f elementor-widget elementor-widget-text-editor\" data-id=\"43cdc11f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Fast and easy-to-use<\/li><li>Automated data input for key ECL components (PD, LGD)<\/li><li>Automatic forward-looking macroeconomic and scenario adjustments to point-in-time PD<\/li><li>Market-based estimates for PD and LGD, updated regularly<\/li><li>Robust risk scenario testing<\/li><li>Multi-period analyses with a single data entry<\/li><li>Re-use of data across different tools and purposes, including transfer pricing analyses<\/li><li>Support and help available thought the process<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1160\" class=\"elementor-element elementor-element-2d13e727 e-con-full e-flex e-con e-child\" data-id=\"2d13e727\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1160\" class=\"elementor-element elementor-element-7d518fbe e-con-full e-flex e-con e-child\" data-id=\"7d518fbe\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ae85878 elementor-widget elementor-widget-text-editor\" data-id=\"4ae85878\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The methodology and the approach of the tool have been consulted with IFRS experts from a leading audit firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1160\" class=\"elementor-element elementor-element-59e85a94 e-con-full e-flex e-con e-child\" data-id=\"59e85a94\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7b8b1bc0 elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"7b8b1bc0\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/ifrs9generalreceivables\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4d1a43 homepage-faq elementor-widget elementor-widget-n-accordion\" data-id=\"d4d1a43\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2230\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2230\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Expected Credit Loss Tool for financial guarantees under IFRS 9, \u2028General Approach <span>The tool estimates the 12-month or lifetime Expected Credit Loss (ECL) for financial guarantees under the IFRS 9, General Approach.<\/span> <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M16 23H30\" stroke=\"white\" stroke-width=\"2.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M23.6216 14V31.3926M14.9189 22.6963H32.3244\" stroke=\"white\" stroke-width=\"2.48649\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2230\" class=\"elementor-element elementor-element-4098fbe1 e-con-full e-flex e-con e-child\" data-id=\"4098fbe1\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2230\" class=\"elementor-element elementor-element-3c6fe0d2 e-con-full e-flex e-con e-child\" data-id=\"3c6fe0d2\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2230\" class=\"elementor-element elementor-element-194da780 e-con-full e-flex e-con e-child\" data-id=\"194da780\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-44954844 elementor-widget elementor-widget-text-editor\" data-id=\"44954844\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The tool streamlines ECL estimation through a detailed yet materially automated process. It offers a straightforward way to calculate ECL, leveraging your inputs with pre-prepared models and data from CFO.tools:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5184be37 elementor-widget elementor-widget-text-editor\" data-id=\"5184be37\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>User-provided inputs include data about the borrower (e.g. credit rating) and the instrument (e.g. amounts, repayment schedule, interest rate). Our team can support you with additional analyses if some information is not available (e.g. credit rating data).<\/li><li>Based on the input data, CFO.tools&#8217; statistical and macroeconomic models will automatically assess the 12-month or lifetime Probability of Default (PD) for each instrument at the required date. The statistical models rely on detailed historical data about PD over time, transitions between different ratings, macroeconomic data, forecasts and adjustments, and other market information.<\/li><li><p>The tool automatically estimates Loss Given Default (LGD) based on the collateral details you provide, while manual adjustments are also possible.<\/p><\/li><li>With these analyses complete, ECL is automatically calculated to determine the instrument&#8217;s impairment for the period.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2230\" class=\"elementor-element elementor-element-6d053939 e-con-full e-flex e-con e-child\" data-id=\"6d053939\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-604d93e9 elementor-widget elementor-widget-text-editor\" data-id=\"604d93e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Advantages<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75507dde elementor-widget elementor-widget-text-editor\" data-id=\"75507dde\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Fast and easy-to-use<\/li><li>Automated data input for key ECL components (PD, LGD)<\/li><li>Automatic forward-looking macroeconomic and scenario adjustments to point-in-time PD<\/li><li>Market-based estimates for PD and LGD, updated regularly<\/li><li>Robust risk scenario testing<\/li><li>Multi-period analyses with a single data entry<\/li><li>Re-use of data across different tools and purposes, including transfer pricing analyses<\/li><li>Support and help available thought the process<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2230\" class=\"elementor-element elementor-element-28e6fb31 e-con-full e-flex e-con e-child\" data-id=\"28e6fb31\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2230\" class=\"elementor-element elementor-element-3d6e6bb6 e-con-full e-flex e-con e-child\" data-id=\"3d6e6bb6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-678586c6 elementor-widget elementor-widget-text-editor\" data-id=\"678586c6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The methodology and the approach of the tool have been consulted with IFRS experts from a leading audit firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2230\" class=\"elementor-element elementor-element-4145e155 e-con-full e-flex e-con e-child\" data-id=\"4145e155\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-47c5681a elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"47c5681a\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/ifrs9generalguarantees\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fedfde7 homepage-faq elementor-widget elementor-widget-n-accordion\" data-id=\"5fedfde7\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1600\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1600\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Expected Credit Loss Tool for Stage 3 exposures under IFRS 9, \u2028General Approach <span>The tool estimates the Expected Credit Loss (ECL) within the scope of the IFRS 9, General Approach for Stage 3 exposures \u2013 e.g. exposures in default, with objective evidence of imairment.<\/span> <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M16 23H30\" stroke=\"white\" stroke-width=\"2.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M23.6216 14V31.3926M14.9189 22.6963H32.3244\" stroke=\"white\" stroke-width=\"2.48649\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1600\" class=\"elementor-element elementor-element-40844ba3 e-con-full e-flex e-con e-child\" data-id=\"40844ba3\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1600\" class=\"elementor-element elementor-element-f52b501 e-con-full e-flex e-con e-child\" data-id=\"f52b501\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1600\" class=\"elementor-element elementor-element-254f0b36 e-con-full e-flex e-con e-child\" data-id=\"254f0b36\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-72996a29 elementor-widget elementor-widget-text-editor\" data-id=\"72996a29\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The tool streamlines ECL estimation for Stage 3 exposures through probability-weighted scenario analysis:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a6c213f elementor-widget elementor-widget-text-editor\" data-id=\"7a6c213f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>User-provided inputs include data about the borrower and the instrument (e.g. gross carrying amount, effective interest rate).\u00a0<\/li><li>The tool allows for the user to create scenario analyses, under which expected payment profiles can be created. Repayment plans and expected cash flows are uploaded for each scenario.<\/li><li><p>Probabilities are assigned to each scenario, so that probability weighted assessment of expected cash flows can be calculated.<\/p><\/li><li>With these inputs complete, ECL is automatically calculated to determine the instrument&#8217;s impairment for the period.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1600\" class=\"elementor-element elementor-element-fd3cade e-con-full e-flex e-con e-child\" data-id=\"fd3cade\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-338a9810 elementor-widget elementor-widget-text-editor\" data-id=\"338a9810\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Advantages<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e89b6ba elementor-widget elementor-widget-text-editor\" data-id=\"5e89b6ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Fast and easy-to-use<\/li><li>Robust risk scenario testing<\/li><li>Best-practice compliant approach to ECL calculations on Stage 3 exposures<\/li><li>Support and help available thought the process<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1600\" class=\"elementor-element elementor-element-4e0e03a5 e-con-full e-flex e-con e-child\" data-id=\"4e0e03a5\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1600\" class=\"elementor-element elementor-element-1e54f3a3 e-con-full e-flex e-con e-child\" data-id=\"1e54f3a3\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ce29590 elementor-widget elementor-widget-text-editor\" data-id=\"4ce29590\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The methodology and the approach of the tool have been consulted with IFRS experts from a leading audit firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1600\" class=\"elementor-element elementor-element-6fbd91cc e-con-full e-flex e-con e-child\" data-id=\"6fbd91cc\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4402ab16 elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"4402ab16\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/ifrs9generalstage3\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31bea02f homepage-faq elementor-widget elementor-widget-n-accordion\" data-id=\"31bea02f\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8340\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8340\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Estimation of Market Interest Rate for Loans for Transfer Pricing and Other Purposes <span>This tool estimates market interest rate ranges for loan transactions, suitable for transfer pricing and other purposes.<\/span> <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M16 23H30\" stroke=\"white\" stroke-width=\"2.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M23.6216 14V31.3926M14.9189 22.6963H32.3244\" stroke=\"white\" stroke-width=\"2.48649\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8340\" class=\"elementor-element elementor-element-43ed9091 e-con-full e-flex e-con e-child\" data-id=\"43ed9091\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8340\" class=\"elementor-element elementor-element-21344512 e-con-full e-flex e-con e-child\" data-id=\"21344512\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8340\" class=\"elementor-element elementor-element-19b44cf e-con-full e-flex e-con e-child\" data-id=\"19b44cf\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ff73429 elementor-widget elementor-widget-text-editor\" data-id=\"4ff73429\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our tool simplifies market interest rate assessment with a detailed and highly automated process. It offers a straightforward way to calculate applicable market interest rate ranges by combining your inputs with CFO.tools&#8217; pre-built models and statistical analyses of corporate bond yields:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a35fc3a elementor-widget elementor-widget-text-editor\" data-id=\"a35fc3a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p>User inputs cover borrower data (e.g., sector of activity, credit rating) and instrument details (e.g., amounts, tenure, repayments). If you&#8217;re missing information like a credit rating, our team can assist with complementary analyses.<\/p><\/li><li><p>CFO.tools&#8217; statistical models automatically assess a market interest rate range, factoring in key loan terms. These models are built on historical market data, including government yields and corporate bonds, detailed by sector, rating and other key terms.<\/p><\/li><li><p>The tool automatically estimates credit spreads and applicable yield curve rates for all major currencies, offering various methods and adjustments for interest rate assessment to suit your specific needs.<\/p><\/li><li>The tool is designed in compliance with OECD Transfer Pricing Guidance on Financial Transactions.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8340\" class=\"elementor-element elementor-element-6c59494f e-con-full e-flex e-con e-child\" data-id=\"6c59494f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1daf0044 elementor-widget elementor-widget-text-editor\" data-id=\"1daf0044\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Advantages<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b90fb58 elementor-widget elementor-widget-text-editor\" data-id=\"5b90fb58\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p>Relies on robust, market-based data, updated regularly<\/p><\/li><li>Provides automated data inputs that effectively capture credit risk and other critical risk factors<\/li><li>Offers detailed assessment methods with flexible adjustment options to reflect loan specifics<\/li><li>Allows for multi-period analyses with a single data entry<\/li><li>Designed in compliance with OECD Transfer Pricing Guidance<\/li><li>Proven in practice across various EU jurisdictions<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8340\" class=\"elementor-element elementor-element-715fdd27 e-con-full e-flex e-con e-child\" data-id=\"715fdd27\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8340\" class=\"elementor-element elementor-element-53d62aee e-con-full e-flex e-con e-child\" data-id=\"53d62aee\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-11324956 elementor-widget elementor-widget-text-editor\" data-id=\"11324956\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The methodology and the approach of the tool have been consulted with experts from a leading audit firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8340\" class=\"elementor-element elementor-element-63d267e6 e-con-full e-flex e-con e-child\" data-id=\"63d267e6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3fa04e73 elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"3fa04e73\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/transferpricingloans\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61fe687c homepage-faq elementor-widget elementor-widget-n-accordion\" data-id=\"61fe687c\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1640\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1640\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Estimation of Market Interest Rate for Guarantees for Transfer Pricing \u2028and Other Purposes <span>This tool estimates market interest rate ranges for guarantees, suitable for transfer pricing and other purposes.<\/span> <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M16 23H30\" stroke=\"white\" stroke-width=\"2.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M23.6216 14V31.3926M14.9189 22.6963H32.3244\" stroke=\"white\" stroke-width=\"2.48649\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1640\" class=\"elementor-element elementor-element-1bd39f22 e-con-full e-flex e-con e-child\" data-id=\"1bd39f22\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1640\" class=\"elementor-element elementor-element-3dc4fe04 e-con-full e-flex e-con e-child\" data-id=\"3dc4fe04\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1640\" class=\"elementor-element elementor-element-4a396854 e-con-full e-flex e-con e-child\" data-id=\"4a396854\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1450cbf8 elementor-widget elementor-widget-text-editor\" data-id=\"1450cbf8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our tool simplifies market interest rate assessment with a detailed and highly automated process. It offers a straightforward way to calculate applicable market interest rate ranges by combining your inputs with CFO.tools&#8217; pre-built models and statistical analyses of corporate bond yields:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-372815fa elementor-widget elementor-widget-text-editor\" data-id=\"372815fa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>User inputs cover borrower data (e.g., sector of activity, credit rating) and instrument details (e.g., amounts, tenure). If you&#8217;re missing information like a credit rating, our team can assist with complementary analyses.<\/li><li>CFO.tools&#8217; statistical models automatically assess a market interest rate range under the two main approaches used in practice (yield approach and cost approach), factoring in key loan terms. These models are built on historical market data, including government yields and corporate bonds, detailed by sector, rating and other key terms.<\/li><li>The Yield Approach relies on automated models with credit spreads and applicable yield curve rates for all major currencies.<\/li><li><p>The Cost Approach utilizes assessments of Expected Credit Losses, similar to the General Approach of IFRS 9.<\/p><\/li><li><p>The tool is designed in compliance with OECD Transfer Pricing Guidance on Financial Transactions.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1640\" class=\"elementor-element elementor-element-33a37a19 e-con-full e-flex e-con e-child\" data-id=\"33a37a19\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7394f2c2 elementor-widget elementor-widget-text-editor\" data-id=\"7394f2c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Advantages<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cc95059 elementor-widget elementor-widget-text-editor\" data-id=\"6cc95059\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p>Relies on robust, market-based data, updated regularly<\/p><\/li><li><p>Allows for the use of the Yield Approach and the Cost Approach<\/p><\/li><li>Provides automated data inputs that effectively capture credit risk and other critical risk factors<\/li><li>Offers detailed assessment methods with flexible adjustment options to reflect instrument specifics<\/li><li>Allows for multi-period analyses with a single data entry<\/li><li>Designed in compliance with OECD Transfer Pricing Guidance<\/li><li>Proven in practice across various EU jurisdictions<\/li><li>Allows for re-use of data across different tools and purposes (e.g. IFRS 9)<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1640\" class=\"elementor-element elementor-element-670a4a91 e-con-full e-flex e-con e-child\" data-id=\"670a4a91\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1640\" class=\"elementor-element elementor-element-6bf314f5 e-con-full e-flex e-con e-child\" data-id=\"6bf314f5\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4818c130 elementor-widget elementor-widget-text-editor\" data-id=\"4818c130\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The methodology and the approach of the tool have been consulted with experts from a leading audit firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1640\" class=\"elementor-element elementor-element-2c29a9a7 e-con-full e-flex e-con e-child\" data-id=\"2c29a9a7\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7a33f6fd elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"7a33f6fd\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/transferpricingguarantees\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"21\" height=\"21\" viewBox=\"0 0 21 21\" fill=\"none\"><path d=\"M2 10.5H19.3296M19.3296 10.5L10.6648 2.04614M19.3296 10.5L10.6648 18.9539\" stroke=\"#2E2E2E\" stroke-width=\"2.41539\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Details<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31e1979c homepage-faq elementor-widget elementor-widget-n-accordion\" data-id=\"31e1979c\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-8360\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-8360\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Expected Credit Loss Tool - IFRS 9, Simplified Approach <span>The tool is used to estimate the lifetime Expected Credit Loss (ECL) of trade receivables and other assets in scope of IFRS 9 Simplified Approach.<\/span> <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M16 23H30\" stroke=\"white\" stroke-width=\"2.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"46\" height=\"46\" viewBox=\"0 0 46 46\" fill=\"none\"><circle cx=\"23\" cy=\"23\" r=\"23\" fill=\"#4B4B4B\"><\/circle><path d=\"M23.6216 14V31.3926M14.9189 22.6963H32.3244\" stroke=\"white\" stroke-width=\"2.48649\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8360\" class=\"elementor-element elementor-element-519e2f84 e-con-full e-flex e-con e-child\" data-id=\"519e2f84\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8360\" class=\"elementor-element elementor-element-77d78989 e-con-full e-flex e-con e-child\" data-id=\"77d78989\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8360\" class=\"elementor-element elementor-element-2508522e e-con-full e-flex e-con e-child\" data-id=\"2508522e\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1b3f199 elementor-widget elementor-widget-text-editor\" data-id=\"1b3f199\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The tool relies on a detailed approach for ECL calculations with a number of automations, designed to simplify the process. In brief:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b1ae4fb elementor-widget elementor-widget-text-editor\" data-id=\"1b1ae4fb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>The tool can be applied to trade and other short-term receivables, assets driven by contracts with customers under IFRS 15 with no material financial component and lease receivables.<\/li><li>The tool uses historical customer data (invoices and payments) to construct custom ECL models, based extended provision matrix calculatios, that automatically essess the historical loss rates for the relevant portfolios of assets.\u00a0<\/li><li>The calculated historical models are then applied to the portfolio balances as of the end of reporting period to assess the lifetime ECL.<\/li><li>The tool supports adjusting the ECL curve for expected macroeconomic effects to reflect expected future macroeconomic developments.\u00a0<\/li><li>All needed inputs (invoices, payments, balances) can be easily importend or exported.from CFO.tools. All calculations (ECL curve, ECL calculations) can be easily exposred from the system.<\/li><li>The tool can work with large volumes of data (over 1m records).<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8360\" class=\"elementor-element elementor-element-79dee590 e-con-full e-flex e-con e-child\" data-id=\"79dee590\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5a2ff5f8 elementor-widget elementor-widget-text-editor\" data-id=\"5a2ff5f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Advantages<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16fa8735 elementor-widget elementor-widget-text-editor\" data-id=\"16fa8735\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Fast and easy-to-use<\/li><li>Automated data input for key ECL components (invoices, payments, balances)<\/li><li>Automated ECL curve calculation<\/li><li>Allows for forward-looking macroeconomic adjustment on ECL<\/li><li>Detailed exposurs of ECL curve and balances with calculated ECLs.<\/li><li>Supports easy processing of large volumes of data (over 1m records).<\/li><li>Support and help available thought the process<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8360\" class=\"elementor-element elementor-element-20ea02ab e-con-full e-flex e-con e-child\" data-id=\"20ea02ab\" data-element_type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8360\" class=\"elementor-element elementor-element-72d2e1c6 e-con-full e-flex e-con e-child\" data-id=\"72d2e1c6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4b9c59e0 elementor-widget elementor-widget-text-editor\" data-id=\"4b9c59e0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The methodology and the approach of the tool have been consulted with IFRS experts from a leading audit firm.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-8360\" class=\"elementor-element elementor-element-f508cfb e-con-full e-flex e-con e-child\" data-id=\"f508cfb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f5c7a0f elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"1f5c7a0f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div 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--e-global-typography-de04e35-font-size );line-height:var( --e-global-typography-de04e35-line-height );}}\/* Start custom CSS for button, class: .elementor-element-df32e1e *\/.blog-card-button .elementor-button-icon {\n    width: 8px;\n}\/* End custom CSS *\/<\/style>\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"202\" class=\"elementor elementor-202 e-loop-item e-loop-item-1212 post-1212 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t<div class=\"elementor-element elementor-element-f8a7805 e-con-full e-flex e-con e-parent\" data-id=\"f8a7805\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-87daa5e elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"87daa5e\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cfo.tools\/en\/blog\/2026-so-far\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2026\/05\/post9-768x512.webp\" class=\"attachment-medium_large size-medium_large wp-image-1215\" alt=\"\" srcset=\"https:\/\/cfo.tools\/wp-content\/uploads\/2026\/05\/post9-768x512.webp 768w, https:\/\/cfo.tools\/wp-content\/uploads\/2026\/05\/post9-300x200.webp 300w, https:\/\/cfo.tools\/wp-content\/uploads\/2026\/05\/post9-1024x683.webp 1024w, https:\/\/cfo.tools\/wp-content\/uploads\/2026\/05\/post9-18x12.webp 18w, https:\/\/cfo.tools\/wp-content\/uploads\/2026\/05\/post9.webp 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dda3f14 elementor-widget elementor-widget-post-info\" data-id=\"dda3f14\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-82cb998 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/cfo.tools\/en\/blog\/2026\/05\/08\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>May 8, 2026<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d13289 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"7d13289\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/cfo.tools\/en\/blog\/2026-so-far\/\">2026 So Far<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-643bbd8 elementor-widget elementor-widget-theme-post-excerpt\" data-id=\"643bbd8\" data-element_type=\"widget\" data-widget_type=\"theme-post-excerpt.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\tOur predictions for 2026 were largely correct\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df32e1e elementor-align-left blog-card-button elementor-widget elementor-widget-button\" data-id=\"df32e1e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/blog\/2026-so-far\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\"><path d=\"M1 1.74854L11 11.7412M11 11.7412V1.74854M11 11.7412H1\" stroke=\"black\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"202\" class=\"elementor elementor-202 e-loop-item e-loop-item-1204 post-1204 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t<div class=\"elementor-element elementor-element-f8a7805 e-con-full e-flex e-con e-parent\" data-id=\"f8a7805\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-87daa5e elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"87daa5e\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cfo.tools\/en\/blog\/2026-ifrs-9-challenges-recording-and-presentation\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-768x512.webp\" class=\"attachment-medium_large size-medium_large wp-image-1193\" alt=\"\" srcset=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-768x512.webp 768w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-300x200.webp 300w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-1024x683.webp 1024w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-18x12.webp 18w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7.webp 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dda3f14 elementor-widget elementor-widget-post-info\" data-id=\"dda3f14\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-82cb998 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/cfo.tools\/en\/blog\/2025\/11\/27\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>November 27, 2025<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d13289 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"7d13289\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/cfo.tools\/en\/blog\/2026-ifrs-9-challenges-recording-and-presentation\/\">2026: IFRS 9 Challenges Recording and Presentation<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-643bbd8 elementor-widget elementor-widget-theme-post-excerpt\" data-id=\"643bbd8\" data-element_type=\"widget\" data-widget_type=\"theme-post-excerpt.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\tRecording and presentation from our 2026: IFRS 9 Challenges webinar.\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df32e1e elementor-align-left blog-card-button elementor-widget elementor-widget-button\" data-id=\"df32e1e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/blog\/2026-ifrs-9-challenges-recording-and-presentation\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\"><path d=\"M1 1.74854L11 11.7412M11 11.7412V1.74854M11 11.7412H1\" stroke=\"black\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"202\" class=\"elementor elementor-202 e-loop-item e-loop-item-1191 post-1191 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t<div class=\"elementor-element elementor-element-f8a7805 e-con-full e-flex e-con e-parent\" data-id=\"f8a7805\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-87daa5e elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"87daa5e\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cfo.tools\/en\/blog\/2026-ifrs-9-challenges\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-768x512.webp\" class=\"attachment-medium_large size-medium_large wp-image-1193\" alt=\"\" srcset=\"https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-768x512.webp 768w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-300x200.webp 300w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-1024x683.webp 1024w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7-18x12.webp 18w, https:\/\/cfo.tools\/wp-content\/uploads\/2025\/10\/post7.webp 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dda3f14 elementor-widget elementor-widget-post-info\" data-id=\"dda3f14\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-82cb998 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/cfo.tools\/en\/blog\/2025\/10\/27\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>October 27, 2025<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d13289 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"7d13289\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/cfo.tools\/en\/blog\/2026-ifrs-9-challenges\/\">2026: IFRS 9 Challenges<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-643bbd8 elementor-widget elementor-widget-theme-post-excerpt\" data-id=\"643bbd8\" data-element_type=\"widget\" data-widget_type=\"theme-post-excerpt.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\tIFRS 9 seminar on the challenges ahead in 2026.\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df32e1e elementor-align-left blog-card-button elementor-widget elementor-widget-button\" data-id=\"df32e1e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/en\/blog\/2026-ifrs-9-challenges\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\"><path d=\"M1 1.74854L11 11.7412M11 11.7412V1.74854M11 11.7412H1\" stroke=\"black\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1db65ae2 elementor-tablet_extra-align-center elementor-align-right elementor-widget__width-inherit elementor-hidden-widescreen elementor-hidden-desktop elementor-hidden-laptop elementor-hidden-tablet_extra elementor-hidden-tablet elementor-hidden-mobile_extra elementor-widget elementor-widget-button\" data-id=\"1db65ae2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/cfo.tools\/blog\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">READ ALL BLOG<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Making Finance Easier, One Tool at a Time. Smart financial tools to streamline IFRS reporting, tax compliance and financial management, empowering CFOs, accountants, and auditors. Create a Free Account Trusted by: [ Who are we ] We empower finance professionals with easy to use, compliant, and cost-effective tools for&nbsp;IFRS, tax, and financial analysis. Navigating complex [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-36","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/pages\/36","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/comments?post=36"}],"version-history":[{"count":151,"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/pages\/36\/revisions"}],"predecessor-version":[{"id":1168,"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/pages\/36\/revisions\/1168"}],"wp:attachment":[{"href":"https:\/\/cfo.tools\/en\/wp-json\/wp\/v2\/media?parent=36"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}