Overview
Accelerate the closing of accounts at the group level, ensure data accuracy, and comply with all regulations CFOs rely on finance IT for digital transformation, operational excellence, and accurate data for the entire company. It is a critical component that must be agile enough to support cloud-based and other technologies, as well as best of breed innovations such as Machine Learning, RPA, and more. From an operational standpoint the goal is to close accounts faster at the group level, ensure data and account accuracy, and meet all business and regulatory requirements. What is needed is a solid platform for integrating all present and future components of finance IT and for guaranteeing the fluidity and accuracy of all data flows. Axway Financial Accounting Hub (FAH) is a comprehensive, secure, and proven platform for accelerating digital finance transformation. It manages, automates, and optimizes data transformation and integration processes that enforce accounting rules. It ensures data quality and information alignment via a single source of truth to support operational, financial, and business requirements.
Highlights
- Operational excellence Close books in two days, not weeks! No need to spend nights on closing books Automatically process 10 million transactions in 10 minutes for real-time inventory and customer positions Automatically generate consistent postings in multi-GAAPs Reconcile inventory and accounting automatically every morning instead of waiting until the end of the month
- Business agility Integrate an acquired company quickly (within 9 months for one global bank) Master complexity and consolidate feeds from more than 150 back-office systems into one system Respond faster to business changes by setting up one new business flow in one week, not 4 months Cut integration project load in half when migrating to a new ERP system
- Data reliability Add reporting segments to automatically feed business dashboards Automatically reconcile business data with accounting data Reduce rejects from the ERP and fix errors Monitor data ingestion in ERP through dashboards Expose trusted data Navigate actionable audit trails
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Dimension | Description | Cost/24 months |
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NumberofCRE | valorization metrics | $0.001 |
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