The Aptitude Accounting Hub is used by many global companies, including global tier one banks, global insurers, large telco and communications companies. Our client base spans over 10 sectors, and 20 countries. The hub is a versatile and configurable tool that can lend itself well to unique environments and requirements. It’s this flexibility that creates a long list of potential use cases but the most common reasons companies buy Aptitude Accounting Hub are;
- A financial transformation project
- Increased or new regulatory reporting requirements (for example IFRS 17)
- Internal drive for better/faster and instant reporting
- Operational pressures to reduce cost of finance, to gain more control of accounting/reporting
- Rationalise and simplify complex or legacy systems including General ledger consolidation programmes
- Financial consolidation projects
- M&A or organizational or ownership change affecting financial reporting structures
- Cloud ERP/Cloud GL migration
- Digital finance projects
A leading consumer financial services firm transforms finance
With a business that had grown and evolved faster than the finance IT architecture, the organization was struggling to streamline the policy valuation process and support complex accounting and reporting requirements. Aptitude Software was chosen to support the organization’s need for a calculation engine and a centralized accounting hub in direct competition with one of the world’s largest technology providers. Read the case study.
Top US Telecommunications organization leads Finance IT modernization while complying with a new regulatory standard.
Spending too much time on manual data integration and accounting tasks was preventing the finance department from adding more strategic value. A flexible, high-performance solution combining the Aptitude Accounting Hub and the Aptitude Revenue Recognition Engine will allow this organization to support complex accounting, business innovation and compliance with the revenue recognition standard (IFRS 15 / ASC 606). Read the case study.
Top 5 UK Bank reduces cost and complexity by progressively transforming finance with a scalable platform.
For the Bank’s head of Finance Business Architecture, the question was, “how do we transform systems to enhance accounting functionality while reducing costs?” Aptitude Software answered with a flexible, scalable set of solutions to standardize accounting policy, increase financial control & transparency and support a move towards a cloud General Ledger. The Aptitude Accounting Hub will serve as the foundational subledger for the entire organization. Read this case study