New financial accounting hub can manage 40 million events daily
Global software integration company Axway has launched its new service Axway Financial Accounting Hub (AFAH), which can manage 40 million events per day in real-time for a retail customer.
The company says AFAH can also halve the costs and integration time for ERP Finance migration projects.
Axway says as financial departments continue to evolve, businesses expect them to take on more roles with smaller budgets and teams.
The company says it's a long-standing partner of finance departments and has designed AFAH as a meeting point between finance and business, based notably on the company's expertise in APIs.
The future-ready business platform empowers finance departments to provide relevant, quality data to each business unit to improve management and strategic decision-making.
"Axway Financial Accounting Hub is absolutely one of the most advanced and scalable offerings on the market today," says Axway general manager of digital finance Lionel Linossier.
Through data transformation, data quality, and data exposure, Axway says its new product helps finance departments to achieve:
The company says AFAH optimises operational efficiency by automating, simplifying, and streamlining processes. It also leverages APIs for real-time processing, reduces operating costs, and accelerates the processes and the quality of the data provided.
"Axway Financial Accounting Hub enables us, on a daily basis, to support the business lines, says ODDO BHF head of project finance and accounting control Gharib Chahr.
"Launching a new product is very fast since it just takes two to four weeks to make the necessary accounting adaptations."
Axway says the highly flexible, open platform offers a composable finance information system designed to meet regulatory, business, and technology requirements. In addition, a self-service portal allows the implementation of DevOps methodologies for greater responsiveness.
"With Financial Accounting Hub, we've liberated our people to build and maintain business rules themselves, helping us to maintain a strong compliance posture, move faster on new opportunities, and grow the business," says Auxia - Malakoff Humanis Group administrative and financial director Nathalie Meyer.
Unparalleled data reliability
AFAH improves the quality, readability, and use of data in financial departments by relying on comprehensive and actionable audit trails, rejection management, and reconciliation tools.
"Thanks to the partner ecosystem, the support of our experts, and the R&D efforts that will accompany this new offering, Axway is demonstrating its commitment to helping its customers produce the best financial, operational, and business data," says Linossier.
Axway says its API-driven B2B integration and MFT software, refined over 20 years, complements Axway Amplify, an open API management platform that makes APIs easier to discover and reuse across multiple teams, vendors, and cloud environments.
The company says it has helped over 11,000 businesses unlock the full value of their existing digital ecosystems to create brilliant experiences, innovate new services, and reach new markets.