Accounting manager and finance project owners are forced to deal with multiple or complex business models, business units, stakeholders, accounting standards, and regulations. Without a common language for modeling and documentation of accounting rules and schemes, teams can run into a range of problems - from poor documentation accuracy and difficulties in responding to auditor requests, to process inefficiency and regulatory noncompliance.
Part of the Axway Financial Accounting Hub (AFAH) platform, the Modeling and Documentation of Accounting Rules and Method service collects all specification elements from various stakeholders and communicates them in a unique and consistent language everyone can understand. This can add up to a 30 percent reduction in time and cost necessary for deploying new accounting methods, and a 50 percent cut in maintenance costs.
Ready to cut the time and cost of deploying and maintaining new accounting methods?
