Cloud Migration: Discover Axway’s Digital Finance Module

For companies of all sizes, the digital transformation of the accounting department is an important step towards greater efficiency and dynamism. The benefits of the cloud in this sector are numerous, offering optimization of financial management through data mobility. To achieve this transition, which is a source of reliability and productivity, a high-performance ecosystem is required. The Axway Digital Finance module is based on the Axway Accounting Integration Suite (AI Suite).

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The challenges of migration in the accounting sector

Since the introduction of specialized software more than 30 years ago, accounting interpreters have continued to improve in order to provide solutions that are more and more adapted to small and medium-sized businesses, small and medium-sized enterprises and large groups in all sectors. Process automation and control efficiency are the two main strengths of these tools. With cloud computing, the migration of accounting and financial services applications via the Internet offers flexibility and innovation to companies.

The need for an overall strategic financial vision

Thanks to the cloud and its provision of multiple services (physical servers, databases, analysis tools, etc.), companies have never been as well equipped as today to optimize their accounting management. The use of accounting interpretation software packages is fully justified, both in terms of data reliability and the management of rejections or the centralization of management rules.

A high-level software solution allows a company to configure its system in detail, in consultation with the IT and accounting departments, to save time and improve performance. Migrating to the cloud, whether public, private or hybrid, has become an unavoidable process for businesses.

The guarantees given by the cloud finance migration

Starting a cloud migration process is not without its benefits for professionals. First of all, there is the reduction of costs, which is not negligible in a tense health context, made possible by the massification and rationalization of resources. The reliability and scalability provided by the use of a cloud service are not to be neglected either. It is also a relevant way to get rid of the “legacy”, represented by the old computer systems used in the company whose obsolescence can generate a significant expense.

The transformation to the cloud also puts an end to the monolithic ERP and addresses the new challenges of leveraging data. Now everything is connected and delivered faster, thanks to unified processes and data integrity. It is also the end of the lack of automation and standardization that were previously real obstacles in the accounting sector.

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AI Suite, the answer from Axway Digital Finance

As a service and software provider, Axway can offer companies powerful solutions for the functional transformation of their Finance Information Systems. Axway Accounting Integration Suite (AI Suite) is the recognized market leader and the foundation of Axway Digital Finance. This hybrid tool allows you to secure data transfer between the two ERPs (on-premise and cloud). The automation of the processes allows for much faster accounting closures, in compliance with the regulations and standards in force. Here is a presentation of how the module works and its advantages.

A four-step process

The Axway Digital Finance solution has four distinct steps for your cloud migration process.

The first of these concerns data quality, by implementing filters and business rules to sort, filter and control all data coming from the source ERP. The configuration of the pivot format is also done.

The second step is more specifically related to the transcoding and enrichment of the data.

A third step, optional, proposes the modification of the granularity of the accounting key. This service is possible during the migration project in order to take advantage of this opportunity for a cost reduction.

Finally, the last technical step is the transformation from the pivot format to the ERP target format. Moreover, it is possible at any time to visualize and process the discharges coming from the source GL according to the mapping and the rules set up.

The benefits provided by AI Suite

As a recognized cloud provider, Axway can help you deploy the right cloud solution for your situation. Regardless of the size of your IT infrastructure, you can reap real benefits by moving your applications to the cloud.

Even with a limited budget, in the case of start-ups or self-employed entrepreneurs in particular, the public cloud offers you permanent access to your data at a controlled cost. With Axway Digital Finance, you can enjoy the highest quality accounting integration available.

You will be able to simplify mergers and acquisitions, create general ledger entries, manage the life cycle of global accounting schemes and meet all the requirements of international accounting standards.