AXS-One Inc, a leading provider of e-business solutions, today announced an expanded relationship with a major wealth management client.
The company recently added an AXS-One Collaboration FrameWorks solution to optimise information aggregation and dissemination, meeting the customer`s need to automate financial reporting for the senior executive team of its Capital Management division.
With over 75 companies involved in the Capital Management division, the senior executives were looking for information that was presented and delivered more accurately and in a form more usable to them. To find a way to make this process faster and more efficient, the company turned to AXS-One.
The AXS-One Collaboration FrameWorks solution streamlines the development and delivery of financial information to the company`s key executives, while improving overall format and presentation of the reports.
"Financial reporting has increasingly become a critical component of efficient business planning and collaboration. In fact, the American Institute of Certified Public Accountants (AICPA) recently cited the 12th Annual Top Technologies list, in which CPAs listed business and financial applications as their number one technology priority," commented John Rade, President and Chief Executive Officer of AXS-One.
"AXS-One offers a wide range of solutions that address the growing need to provide executives with information personalised to meet their needs while using data currently available. We see our job as being the provider of systems that rapidly transform the overload of data present in most companies into useful information, and place it quickly into the hands of executives who can then use it to improve their company`s performance."
The initial phase is to distribute all month-end financial and variance reports to over 300 branch offices with P&L responsibility on a monthly basis and will expand to all relevant locations.
The AXS-One solution leverages the company`s existing applications such as Microsoft Excel, making it easy for users to access the information they need, when they need it, with a minimal learning curve. By centralizing key financial data, the solution supports fast, easy analysis, as well as ad hoc reporting by company executives and business managers as necessary.
As a result, the entire division can stay on top of the latest information and changes, and make adjustments accordingly. Additionally, AXS-One leverages the web to automate the process of distributing financial statements to the necessary people, saving time and improving efficiency when compared to the existing manual distribution system
For further information, please contact Jacqui Copplestone, Marketing Manager on telephone (011) 802 4998, fax (011) 802 5161, e-mail jcopplestone@axsone.com
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AXS-One (AMEX:AXO - News) is a provider of supply chain management solutions for service industries that extend the finance function and allow organizations to work collaboratively with their partners, suppliers, employees, and customers while preserving investments in existing systems. AXS-One has implemented high-volume, interoperable, scalable and secure business solutions for the global 2000.
Its Web Services-based technology has been critically acclaimed as best of class. AXS-One has approximately 300 employees in offices worldwide, including Australia, Canada, Singapore, the UK, US and SA. AXS-One was founded in 1978, and is based in Rutherford, New Jersey, US.
For further information, visit the AXS-One Web site at http://www.axs-one.com/. This press release contains forward-looking statements. Such statements are only predictions and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the company`s documents and reports filed from time to time with the Securities and Exchange Commission.
AXS-One, e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks" and Tivity are trademarks of, and "Access Tomorrow Today," AXSPoint and TransAXS are registered trademarks of, AXS-One Inc, in the US. All other company and product names are trademarks or registered trademarks of their respective companies.