Management and Strategic Decision Making Improved With Axway’s Axway Financial Accounting Hub

https://thefintechtimes.com/management-and-strategic-decision-making-improved-with-axways-axway-financial-accounting-hub/
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As finance departments have evolved to take on new roles and carry out new missions, Axway (Euronext: AXW.PA), a global software integration company, has offered a solution that addresses the challenges at the heart of these expectations.

A long-standing partner of finance departments, Axway has designed Axway Financial Accounting Hub (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 Lionel Linossier, general manager of digital finance at Axway. “It can manage 40 million events per day in real-time for a retail customer, and we estimate that it can halve the costs and integration time for ERP Finance migration projects.”

Through data transformation, data quality, and data exposure, Axway Financial Accounting Hub helps finance departments achieve the following objectives:

  • Operational excellence.

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 Gharib Chahr, head of project finance and accounting control at ODDO BHF. “Launching a new product is very fast since it just takes two to four weeks to make the necessary accounting adaptations.”

  • Increased agility.

The highly flexible, open platform offers a composable finance information system designed to meet regulatory, business, and technology requirements. 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 Nathalie Meyer, Administrative and Financial Director of Auxia – Malakoff Humanis Group

  • Better 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,” concludes Linossier.

  • Francis is a junior journalist with a BA in Classical Civilization, he has a specialist interest in North and South America.

https://thefintechtimes.com/management-and-strategic-decision-making-improved-with-axways-axway-financial-accounting-hub/