Iridium were assigned the responsibility of implementing the Murex™ accounting module for the NY branch of a European investment bank. The project initially consisted of implementing the chart of accounts and the accounting events in order to generate multi currency, IFRS and US GAP accounting for fixed income, money market and interest rate derivatives desks.

In the second phase, the client decided to integrate Murex™ with RDJ and Oracle GL. Iridium assisted the client in customizing the accounting configuration and setting up new accounting datamart extractions to comply with the new design.

The project was spread over numerous years however, the effective duration was 180 man days utilizing up to 3 consultants.

Key success factors: accounting knowledge, Murex™ P&L building blocks, validation and reconciliation to existing GL system.