Thanks to the strategic partnership signed with OneStream Software, Axiante further expands its expertise and revolutionizes Corporate Performance Management processes
Axiante, a Business Innovation Integrator that supports local and international companies in digital transformation, continues to invest in skills and technologies to meet the needs of the most demanding Chief Financial Officers (CFOs) and facilitate business decisions within complex organizations. Bringing the Finance area to a new level: Intelligent Finance.
The role of the CFO is, in fact, changing. The activities it carries out are no longer focused solely on recording all the accounting and financial operations of the company, they involve complete data analyzes increasingly oriented towards the future, to anticipate evolutions and changes in the scenario. The CFO must be able to have an overall vision of all the company's economic-financial data and provide timely indications, on the basis of which the most correct business decisions will then be adopted.
The greater responsibility of the CFO brings with it the need to use integrated analytical tools for the Finance area, which must be able to process information to bring added value and competitive advantage to its organisation. According to a report from the Dresner Advisory Wisdom of Crowds EPM Market Study, 59% of Chief Financial Officers rate financial consolidation and reporting capability as a critical capability and 80% consider it “very important” for decision making.
To combine finance, strategic planning and operational management, you need to have a complete vision. Axiante has been developing consultancy services that can support company financial directors for years and today, thanks to the strategic partnership with OneStream Software, leading vendor of an Intelligent Finance platform, it confirms itself as a valuable partner, offering companies a platform capable of revolutionizing processes of Corporate Performance Management (CPM), making the transition from Finance to Intelligent Finance possible.
In supporting companies in financial office evolution projects, Axiante provides a complete set of skills on three fronts: business, finance and technology. With twenty years of experience in management, reporting, consolidation and planning, Axiante combines a deep knowledge of business processes with a high understanding of the typical needs of the Finance sector. The technological skills necessary to integrate data from the different systems onto a single platform complete the picture, allowing Axiante to interface with both the business team and the company's internal IT team.
The new OneStream platform made available by Axiante is designed to quickly transform data into actionable information. It can count on a modular data structure, useful for adapting to repeated organizational changes. It also offers the possibility of combining multidimensional analysis and relational analysis capabilities in the same solution, guaranteeing the advantage of a unified database, which avoids redundancies and reduces manual activities.
Deployed via the cloud, OneStream enables organizations to modernize finance, replace more legacy applications, and reduce the total cost of ownership for financial systems. It also allows finance teams to spend less time on financial process management mechanisms and more time focusing on driving business performance.
The platform maintains a specific focus on aspects of Workflow, Collaboration and Data Quality. However, the fixed dimensional model allows you to quickly put the over 50 solutions available on the marketplace on track. In addition to the core functions - consolidated, budget, forecast and Business Intelligence - personnel planning, sales, investments, liquidity and predictive analysis functions are available.
Axiante, operating through its Axiante Stream Business Unit, has decided to create a dedicated team with Finance and IT skills, to accompany client companies in defining the strategy, planning and managing the path towards Intelligent Finance. To help financial offices adopt the platform, Axiante has already set up an innovative engagement system: the platform will be released immediately, while payment will be tied to the achievement of certain performance levels of the solution.
“Axiante, thanks to the power of OneStream, is able to support the needs of modern organizations in the financial sector, through a coherent vision and the right level of detail,” he explained Marcello Visalli, Partner and Leader of the Stream Business Unit of Axiante. “Axiante Stream will help companies transform from Finance to what we have called ‘Intelligent Finance,’ a data-driven, performance-focused digital culture across the entire organization.”
