Financial planning and reporting is an important aspect of every business, thanks to technology there has been an improvement in the financial reporting and forecasting processes to make the process easier and efficient and minimizing errors through automation. One of the activities that are revolutionizing financial reporting is real-time reporting of financial information.
Real-time financial reporting is beneficial to businesses that require financial information to make strategic decisions concerning their financial health of the business and inventory planning g and management.
For real-time reporting to be made the data feed to the system should be well planned and fed into the system to get rid of the long lead time to allow businesses to be more agile in making their business decisions.
One of the businesses that help business improve their financial reporting through a decentralized financial auditing and reporting ecosystem is Auditchain.
Auditchain Ecosystem.
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Auditchain is a start-up that is developing the world first comprehensive financial reporting, audit and real-time reporting that will help financial professionals audit financial data, and the platform will attract auditors, financial analysts, banks, accountants and CPAs, Chartered Accountants and businesses. The platform uses DCARPE alliance that enables enterprises to provide their clients with efficient and real-time financial reporting through a decentralized ecosystem powered by blockchain technology.
Auditchain is driving the New trust-less Assurance Economy.
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Auditchain ecosystem is powered by its native token, the AUDT Token that will allow users of the platform to access the functionality of the ecosystem and automate the system in a decentralized environment. The use of the native token will also allow transparency in processes in the ecosystem. Currently, the project is in raising funds for the development of the platform, and you can participate in the Initial Exchange offering through the link here -> https://auditchain.com/#ieo_anchor
Audit Chain Solutions.
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Auditchain solutions to the financial reporting world are its blockchain protocol and the use of smart contracts in its ecosystem that will allow users of the platform to capture, audit and report financial data on a real-time operational model that can be automated to fit the needs of the decentralized financial ecosystem that will be powered by Auditchain. According to the platform, the user interface of the financial reporting dashboard will feature a simple to use presentation layer that will render data in real-time and offer financial statements such as the balance sheet, cash flow statement, profit and loss statement, equity reports at a higher capacity exceeding current accounting, audit and control systems.
Auditchain as a Business.
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Auditchain has a professional team that has experience in the financial industry. The company based in Switzerland has the opportunity to network with other business in the same industry since Switzerland is a hub for Financial businesses. The location of the business will make it easier for Auditchain to collaborate with other start-ups and existing businesses in the financial industry to foster adoption of the platform to its target market.
Conclusion.
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As an accountant myself, I can tell you the financial accounting and audit market is saturated with systems that we regularly use that still rely on old operational processes that have been audited by technology, the monopolization of the market by this large-scale enterprise resource planning systems has slowed down the development of the software. The monopolization of the market has resulted in a market that has become available only for the rich with small and medium business missing out on the benefits of using financial reporting and auditing software’s that can help them transform their business operations.
Auditchain will make it easier for small and medium business access the financial reporting and auditing software through its DCARPE network protocol that is affordable to small and medium-sized businesses. The software powered by DCARPE is also flexible and scalable to be adopted by a business on any scale.
One of the features I’m excited about is the ability to input financial data in a secure financial environment, real-time access reporting, and assurance, and be able to present my financial reports in a real-time dynamic style. For more information about Auditchain, please check out the links available below.
🔗 Website: https://auditchain.com/
🔗 Whitepaper: https://auditchain.com/wp-content/uploads/2019/05/Auditchain-Whitepaper.pdf
🔗 ANNthread: https://bitcointalk.org/index.php?topic=5152521.0
🔗 Facebook: https://www.facebook.com/auditchain/
🔗 Twitter: https://twitter.com/auditchain
🔗 Telegram: https://t.me/Auditchain_Community
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★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to Auditchain OFFICIAL WEBSITE
