In an economic environment where financial transparency drives credibility, not complying with regulations can lead to fines and penalties which could have a significant impact on the enterprise, organizations and brands. Axway (NYSE Euronext: AXW.PA), a market leader in governing the flow of data, today announced that Axway Accounting Integration Suite Datastore 2.1.0, part of the Axway 5 Suite, has achieved Oracle Exadata Optimized status through Oracle PartnerNetwork (OPN), demonstrating that Axway Accounting Integration Suite Datastore 2.1.0 has been tested and tuned on Oracle Exadata Database Machine to deliver speed, scalability and reliability to customers.
Having optimized AI Suite Datastore with Oracle Exadata Database Machine and Oracle Linux, Axway is enabling organizations’ accounting and financial departments to better govern their flow of accounting data using parallel access methods to accelerate the injection and extraction of data, and store vast amounts of detailed information and achieve fast query results. With AI Suite Datastore, enterprises can enforce end-to-end accounting audit trail delivering data transparency, and enabling increased productivity and lower operating costs.
Reconciliation of data, control of the accounting schemas, audit trail requirements, compliancy with regulations and accounting principles are a consistent struggle for accounting and financial departments. Axway AI Suite provides the business-critical accounting transformation and integration backbone for more than 250 businesses and public sector organizations around the world, including financial services, government, transportation, supply chain and healthcare organizations. This proven solution optimizes standard daily operations, standardizes and enforces accounting policies such as IFRS, US GAAP, IFRS 15, complies with multiple accounting requirements, streamlines period close and reconciliation and improves straight through processing, to supply both management and accounting systems, with all required data.
By enabling simple access to data even after years of storage, this flexible data infrastructure provides organizations with an ideal system for audit trail requirements by storing data based on pre-defined formats and keeping track of their evolution over time.
Axway’s achievement of Oracle Exadata Optimized status signifies that Oracle recognizes Axway for developing, testing and tuning AI Suite Datastore on Oracle Exadata Database Machine. This accomplishment is a testament to Axway’s ability to deliver the extreme performance and reliability required by Axway customers, including some of the worlds largest financial institutions.
Illustrating the significance of achieving Oracle Exadata Optimized status, AI Suite Datastore on Oracle Exadata Database machine has demonstrated high performance and scalability achieving 8 times faster injection of huge audit trail files (hundreds of millions of elements) within regular production time frames.¹ Audit trail queries were done in seconds with massive volumes of storage, easily satisfying the needs of large customers. Additionally, Oracle Exadata Database Machine provided 10 times better data compression, meaning that with the same storage capacity, it was possible to have 10x more “online” information. For example, instead of working on a 3 month period, it became possible to work on a 2.5 year period. This type of improvement can help to lower TCO for customers.
"Customers, such as major banks, have been using Accounting Integration Suite to integrate and securely manage integration between back offices and financial and accounting systems. With AI Suite on Oracle Exadata Database Machine, they are now able to comply with audit requirements and audit trails of hundreds of billions of postings, a need which has not been met until now," said Vincent Hochart, vice president, sales and operations, AI Suite, Axway.
“When partners such as Axway leverage the latest technologies of Oracle Exadata Database Machine as the foundation for their applications, they benefit from a complete, integrated and cloud-ready infrastructure that will help them utilize new features and functionality and drive innovation,” said David Hicks, vice president, worldwide ISV and OEM alliances, Oracle. “We are pleased to see Axway achieve Oracle Exadata Optimized Ready status as this significant milestone helps equip them to deliver superior value to customers.”
Axway (axway.com), a market leader in governing the flow of data, is a global software company with more than 11,000 public- and private-sector customers in 100 countries. For more than a decade, Axway has empowered leading organizations around the world with proven solutions that help manage business-critical interactions through the exchange of data flowing across the enterprise, among B2B communities, cloud and mobile devices. Our award-winning solutions span business-to-business integration, managed file transfer, operational intelligence, API and identity management, and email security offered on premise and in the Cloud with professional and managed services. Axway is registered in France with headquarters in the United States and offices in 19 countries.
About Axway 5 Suite
Axway 5 Suite offers control and optimization of the flow of data through integration, visibility, policy, security and reliability to govern business-to-business interactions, communities, systems and data types within and beyond the enterprise edge.
About the Oracle Exastack Program
The Oracle Exastack program helps enable Independent Software Vendors (ISVs) and other members of Oracle PartnerNetwork (OPN) to rapidly build and deliver faster, more reliable applications. Leveraging the Oracle Exastack program, qualifying OPN members have access to Oracle performance experts and dedicated labs for testing and tuning their applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine and Oracle SuperCluster. Customers can be confident when selecting Oracle Exastack Optimized applications that they are supported, and have been tested and tuned with the goal to achieve optimal performance, scalability and reliability. Also part of the program, Oracle Exastack Ready is dedicated to helping ISVs run their solutions on the latest major release of Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine, Oracle SuperCluster and their component products, including Oracle Database, Oracle WebLogic Server, Oracle Solaris, Oracle Linux and Oracle VM. These products provide partners with a lower cost and high performance infrastructure for database and application workloads across on-premise and cloud based environments. With an Oracle Exastack Optimized or Oracle Exastack Ready status achievement, partners will receive access to corresponding Oracle branding, logos and related benefits to effectively differentiate their offerings.
About Oracle PartnerNetwork (OPN)
Oracle PartnerNetwork (oracle.com/partners) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success.
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¹ Axway Accounting Integration (AI) Suite Datastore 2.1.0 tested with ¼ rack Oracle Exadata Database Machine (Intel Xeon E5-2690 Processors 2.9GHz, 32 cores, 256GB RAM, 21TB storage) versus a commodity x86 server, 32 cores, 26GB RAM, 5TB storage.