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Simplifying multi-currency and multi-entity accounting with Riverty's AaaS

Businesses operating across borders face a broad set of challenges, especially in financial management. Among these challenges, handling accounting across different currencies and legal entities are known to be complex. Fluctuating exchange rates, regulatory requirements, and the need for locally reporting create obstacles for accounting methods.

Apr 16, 2024 4 min
Simplifying multi-currency and multi-entity accounting with Riverty's AaaS

Riverty's Accounting as a Service (AaaS) is here to help with the complexities of multi-currency and multi-entity accounting. Our streamlined and automated solution offers an answer for businesses operating across borders. But what are the challenges faced by international businesses? And how can Riverty's AaaS help with the financial management processes? Let’s dive in: 


Multi-Currency and Multi-Entity Accounting 


For businesses expanding across borders, managing transactions in different currencies and legal entities can become quite overwhelming. Manual processes are sensitive for errors, time-consuming, and can cause many compliance risks. Riverty's AaaS provides a highly compliant full-service Accounts Receivable (A/R) management solution, tailored for the European Market. And if needed, also includes legal debt collections.  


Riverty's Accounting as a Service 


Riverty's AaaS is designed to alleviate the challenges associated with complex reconciliation and multi-entity accounting. Our platform centralizes financial data, offering a unified view regardless of currency or jurisdiction. By automating processes and leveraging cutting-edge technology, Riverty's AaaS empowers businesses to navigate international complexities with ease. 


Key Features and Benefits

Unified Reporting:

Consolidate data from multiple legal entities for comprehensive reports, providing a holistic view of your organization's financial health. 

Compliance and Risk Management:

Stay ahead of regulatory changes with continuous monitoring of tax laws and regulatory requirements by our experts, ensuring compliance wherever you operate. 

What you will experience:  

  • Cost Savings: Save up to 30% compared to in-house solutions, reducing IT application costs. 
  • Efficiency & Quality: Automated processes and experienced accounting experts ensure efficient and accurate handling of financial tasks, improving audit readiness. 
  • Scalability: Easily adapt services to your growing business needs, expanding into new countries, currencies, and payment methods effortlessly. 
  • User Experience: Enhance end-consumer experience with seamless dunning and debt collection services, strengthening customer relationships and loyalty. 

Riverty's AaaS offers a solution to tackle accounting challenges. From professional reconciliation to efficient Accounts Receivable management, Riverty streamlines complex accounting tasks, saving time and resources while enhancing efficiency and customer satisfaction. 

Ready to experience the difference firsthand? Learn more about Riverty's AaaS and how to get started with our easy integration via REST APIs.


Riverty's Accounting Service

Accounts receivable management service for finance professionals. Automate tasks and payment reconciliation with Accounting as a Service (AaaS).