Axway’s Financial Accounting Hub (FAH) is a comprehensive platform designed to accelerate digital finance transformation. It manages, automates, and optimizes data transformation and integration processes, ensuring that accounting rules are consistently enforced.

Functions

•  Enables control of financial data by the Financial Department
• Ensures quality, traceability, and justification of data processing
• Simplifies connectivity with different data producers and consumers
• Transforms data based on accounting rules
• Provides audit and data recycling tools
• Offers services for configuring and supervising financial and accounting data flows

Benefits

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