Stuart, Highlander and Keith,
Thanks for your comments. I t is much appreciated.
Stuart, it is not that remarkable. What it does do it allows smaller banks, building societies and credit unions to meet their reporting obligations without having to maintain a a full technology departmen that they could not afford.. Since 2008, there has been considerable changes in risk reporting and all our software does is put the figures in the right boxes and perform the risk calculations.
When we negotiate contracts we are talking probably a minimum of 3 years support. All this uncertainty just makes it impossible to actually calculate a fair value for our services. Planning is now like peeing in the wind and there is nowhere to get advice. Banks are as much in the dark as we are. You see all these figures being quoted for exchange rates by different banks and very rarely do they agree. All we have done is take all the main rates and work out an average.
Today, talking to a company in the same field as we are have the same problems.