Issue link: https://resources.axway.com/i/1307029
2 axway.com New opportunities In addition to improving its compliance posture, AUXIA saw an opportunity to reimagine its information systems to facilitate the transformation of its business and of its distribution network. "Our previous accounting platform and data integration strategy made it complex, time-consuming and costly to onboard new partners," continues Meyer. "Once we had designed, tested and deployed financial data integrations, changing them was extremely difficult, and required significant technical expertise. To enable us to add new partners quickly — and to satisfy the evolving requirements of our clients and regulators without sending costs soaring — we decided to look for a new solution." Embarking on a transformation AUXIA embarked on a far-reaching transformation for its accounting information systems. In parallel with a major refresh of its accounting and contract management platforms, the company selected Accounting Integration Suite to enable an efficient, accurate, and automated approach to financial reporting and regulatory compliance tasks. "One of our key objectives for the transformation initiative was to improve the quality and granularity of our financial data," comments Meyer. "With Accounting Integration Suite from Axway, we can maintain a single, accurate source of accounting data from our business partners, and apply our own business rules on top of that data without modifying the original transaction records in any way. "As well as allowing us to automatically cleanse financial data when it arrives in our accounting platform, the Axway solution empowers our business users to rapidly apply and edit reporting rules without assistance from IT. This capability will not only help us to meet the reporting requirements of Solvency II, it will also dramatically reduce the cost and complexity of complying with other requirements that may emerge in the years ahead." Accelerating partner onboarding With Accounting Integration Suite and a new accounting platform at the foundation of its financial accounting and consolidation process, AUXIA can onboard new business partners with ease. "Thanks to Accounting Integration Suite, our data is now complete, accurate, up-to-date and easy to work with," adds Meyer. "Using the integration patterns that we have co-developed with Axway, we have accelerated the onboarding process for new business partners substantially, removing the barriers to business growth. "In addition, if a partner needs to make any changes to the format in which they submit data, we can rapidly and easily change the business rules in the Axway solution. Before, this potentially required time-consuming and costly input from IT specialists." With Accounting Integration Suite from Axway, we can maintain a single, accurate source of accounting data from our business partners, and apply our own business rules on top of that data without modifying the original transaction records in any way. — Nathalie Meyer, Chief Financial Officer, AUXIA Thanks to Accounting Integration Suite, our data is now complete, accurate, up-to- date and easy to work with.