Bank BTPN Announces Reduction in Financial-Year Reporting Time by 86% Using Wolters Kluwer Financial Services' IFRS Solution

  Bank BTPN Announces Reduction in Financial-Year Reporting Time by 86% Using
  Wolters Kluwer Financial Services' IFRS Solution

Leading Indonesian Bank Reports on Successfully Completing Financial-Year and
             LBU Monthly Reporting in Three Hours Thirty minutes

Business Wire

JAKARTA, Indonesia -- June 25, 2013

Wolters Kluwer Financial Services announced today that, Bank Tabungan
Pensiunan Nasional (Bank BTPN), one of the leading local banks in Indonesia
serving more than 1.5 million customers, has reported that it completed 2012
year-end closing and submitted LBU commercial bank monthly reports to the
regulator Bank Indonesia (BI) in three hours thirty minutes through Wolters
Kluwer Financial Services’ IFRS solution. The results represent an 86%
decrease in time in comparison to the previous year (Dec 11 to Dec 12 from
26hrs 11mins into 3hrs 30mins).

Bank BTPN selected Wolters Kluwer Financial Services IFRS solution in order to
address PSAK 50 & 55 and meet BI requirements which stipulate that financial
institutions complete all year-end closing for year-end reporting to the
regulator, within five calendar days. BTPN originally selected Wolters Kluwer
Financial Services’ IFRS solution in 2009 due to its solid data management
capabilities which provide support to multiple business lines, including
pensions and small business loans.

“With BI expecting all banks to complete year-end closing processes within
five days, Bank BTPN required a vendor which could support both our finance
and risk systems together,” said Karim Siregar, director at Bank BTPN.  “Since
the implementation of Wolters Kluwer Financial Services’ IFRS solution, we
have been delighted with the results, having completed all year-end processes
within four hours. We look forward to further financial performance process
improvements as we continue to work with Wolters Kluwer Financial Services in
achieving compliance with BI requirements.”

“Indonesian banks have committed to deliver month-end and year-end reporting
on time to Bank Indonesia. BTPN informs us that it is now comfortably meeting
the deadlines with a fully automated process with our IFRS solution,” said
Chris Puype, managing director Asia Pacific at Wolters Kluwer Financial
Services.  “We are delighted to be working with BTPN and the strength of these
results are testament to the strong working relationship we have with the

One of the foremost Indonesian IT technology companies, Anabatic Technologies,
assisted with bringing Wolters Kluwer Financial Services’ capabilities to the
Indonesian market, as well as contributing to the overall implementation of
the solutions for Bank BTPN.

“We are delighted to be working with Wolters Kluwer Financial Services, a
leading provider of IFRS solutions on the market, with the provision of our
licensed IT technology and professional services,” said Handojo Sutjipto,
president director at Anabatic Technology. “Banks looking to meet BI
requirements should look no further than Wolters Kluwer Financial Services,
who have the required expertise and know-how, as demonstrated by these
impressive implementation results.”

In 2012, Wolters Kluwer Financial Services was named as the leading provider
in a report by Chartis Research titled “IFRS Technology Solutions for
Financial Institutions 2012”. For more information on the leading IFRS
solution, visit

About Bank BTPN

Since starting in 1958 in Bandung, West Java and then changing our name in
1986 to Bank Tabungan Pensiunan Nasional, BTPN has come a very long way.

It was listed on the Jakarta Stock Exchange in 2008 and a year later added
micro-financing to its portfolio of pension banking services.

Recognizing that today's challenges are forcing businesses to change the way
they operate, we have taken a step further, by creating and launching Daya in
2011. This mass market enablement platform which seeks "to increase the
significance potential of every Indonesian" is close to the heart of the BTPN
business ethos and intent.

Whilst many global companies may aspire to make a difference through their CSR
program, ours is entrenched in our business model. So much so that our
tagline, "hidup yang lebih berarti" which means "to give our customers a more
meaningful life" is not just CSR for us – but a means of doing good through
our business, and ensuring that we and our customers, do well in the process.

If a proper definition of a person's self is based on their potential, then
their vision of what they can become should be the foundation of living a
better life – a life of significance.

At BTPN, we believe that Indonesians from all walks of life desire a life of
significance. We can help them achieve this through our business if we enable
and support them through access, information, and education.

About Wolters Kluwer Financial Services

Whether complying with regulatory requirements or managing financial
transactions, addressing a single key risk, or working toward a holistic
enterprise risk management strategy, Wolters Kluwer Financial Services works
with more than 15,000 customers worldwide to help them successfully navigate
regulatory complexity, optimize risk and financial performance, and manage
data to support critical decisions. Wolters Kluwer Financial Services provides
audit, risk, finance and compliance solutions that help financial
organizations improve efficiency and effectiveness across their enterprise.
With more than 30 offices in 20 countries, the company’s prominent brands
include: FRSGlobal, FinArch, ARC Logics for Financial Services, Bankers
Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes,
NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is
part of Wolters Kluwer, a leading global information services and solutions
provider with annual revenues of (2012) €3.6 billion ($4.6 billion) and
approximately 19,000 employees worldwide. Please visit our website for more

About Anabatic Technologies

Founded in 2002, PT. Anabatic Technologies has provided an integrated IT
solution for Major Companies in Indonesia. We have served varieties of
businesses ranging from Banking to Telecommunication, Pharmaceutical to
Government and delivered our results on time and on budget during

From a company consisted of 20 dedicated people Anabatic has grown to be one
of the foremost IT Company in Indonesia with over 500 employees. Our team
consists of functional and technical consultants as well as subject matter
experts. Therefore, we have set a high benchmark in our recruitment and
continuously develop our people’ skills and knowledge through continuous

We combine leading edge technology with the best of breed solutions to offer
its clients solutions for the internet age of today. Since its formation,
Anabatic aims to deliver high value and the best suitable product and services
which increase customer competitive advantage.

Our mission is to deliver the best suitable strategic, innovative and ready
solutions that increase our customer’s competitive advantage.

With technological advancements and the ever-changing business environment,
companies strive to keep ahead by using the most efficient and effective tools
to sharpen their business edge. Please visit our website for
more information.


Wolters Kluwer Financial Services
Jennifer Marso, +1 612-852-7912
Vice President, Corporate Marketing & Communications
On Twitter: @JenniferMarso
Lauren Dearmer, +44 207 539 6525
Corporate Communications Manager
On Twitter: @LDearmer
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