DigiFAAS is a comprehensive financial reporting, analytics, governance, risk and compliance, and process optimization solution. It is enabled with Artificial Intelligence (AI) technology to help the chief financial officers (CFOs) and the C-suite convert data, residing in their ERPs and other finance systems, into meaningful information and actionable insights.
The solution includes modules such as Comprehensive Financial Reporting (CFR) preparing annual report, consolidated and standalone financial statements, process manuals and standard operating procedures (SOPs), process tests, management information system (MIS), forecasts and projections, factsheets, key performance indicators (KPIs) and other value adds.
DigiFAAS CFR automates and simplifies the process of preparing financial statements and annual reports through intuitive workflows and well-defined templates. The solution utilizes standard chart of accounts, structured mapping as well as notes and inbuilt disclosures to drive standardization, speed and quality. This enables consistent and repetitive preparation of standalone and consolidated financial statements and other reports over multiple versions and reporting periods.