Application Development Platform Requirements
Flexibility with the choice of database. While Exact Financials ships with the OpenEdge database (described as “rock solid” by Exact’s engineering leadership), Exact’s client may use other database platforms, such as Microsoft SQL Server and Oracle. Exact needs to connect easily and reliably with these third party databases. Ease of integration with multiple systems. Most of Exact’s clients need to connect to Exact Financials with other enterprise systems, business specific invoicing systems, payroll, and Business Intelligence systems (such as Qlikview, Cognos and Business Objects).
Ease to Implement regularly changing regulations. Financial, tax and accounting rules are constantly evolving in the European Union (EU). Recent examples include the new Single Euro Payments Area (SEPA), a payment-integration initiative of the European Union that simplifies bank transfers but adds security requirements to existing systems. Changes in the Value Added Tax (VAT) have created new standards compliance requirements as well.
Short deployment and compilation time. With its client data centers upgrading from 32 bit to 64 bit server infrastructure, Exact faces a challenge in being timely in the compilation of new code for these multiple instances.
Ease of moving to browser-based client. Exact Financials uses a 3-tier architecture, with the business logic separated from the client software. Today, an increasing number of customers want to use Financials using a browser-based client.