AAH is a rules accounting engine and subledger solution that can simplify the most complex finance architectures. It can be deployed on premise or as a SaaS solution.
The Aptitude Accounting Hub is a finance management software solution. It simplifies the most complex of finance architectures creating a ‘single view of finance’ and offers a launchpad for progressive finance transformation.
Aptitude Accounting Hub delivers:
Centralized enterprise accounting rules platform to consolidate complex and disparate source systems
True double-entry accounting, manual adjustment portal, and financial control
Multi-basis accounting to support US GAAP, IFRS, and other management reporting requirements
Summary & detailed balances – daily, MTD, YTD, LTD running totals – in transaction, base & local currencies
Journals created in transaction, base and local currencies, with periodic FX revaluation support
Multiple calendar support allowing entity-specific close frequencies to shorten period end processing
Drill down reporting for deep analytics & insights on balance changes, & cross basis analysis
Configurable period end processing: P&L sell-down, intercompany eliminations, close accruals, etc.
Secure file-based data (SFBD) with full encryption, RESTful Web APIs, browser upload and pre-built connectors.
Click here to get the eBook
One of the most challenging cloud projects for a Financial Services company can be the shift from an on-premise general ledger (GL) – to a cloud-based one.
In the eBook, our finance digital transformation experts present top risks to mitigate in a GL cloud migration, the value of an accounting hub and subledger and how companies like CBA and OneAmerica are getting cloud migrations right.
For a large US Financial Services company, AAH was the right choice to modernize their finance architecture, enable business users to act independently of IT and sunset a number of expensive legacy system that were holding their team back.
AAH is purpose-built to centralize and automate finance, accounting, and reporting. Providing business value far beyond smart finance and compliance, it empowers finance teams with total control of accounting rules and processes, all managed from a single location and designed with finance users in mind.
Business results:
Allowed finance to post entries in near real time and run transactional files multiple times a day
Solution implemented in just 10 months from design to launch
Finance-friendly user interface that allows teams to change acounting rules and build reports and dashboards
The elements of the entire program included an Enterprise Data Warehouse, Accounting Hub, and then the various pipes through from our source loan systems into those elements and into our GL. It was a highly complex program, but it was the Accounting Hub which brought it all together and which produces the disclosures needed and the financial statements, without that you’d be scrambling around in spreadsheets or whatever to produce them.
– Paul Daniel, Group Finance, Bank of Ireland
resources:
Resources
Blog
Blog