Traditional Accounting System
vs. Extended Accounting System
Category | Traditional Accounting System | Extended Accounting System |
---|---|---|
Purpose | To fulfill legal and regulatory accounting obligations | To enhance analysis, internal controls, and business insight |
Key Functions | Journal entries, voucher processing, closing, compliance reporting | Anomaly detection, flow tracking, predictive analysis, data visualization |
Focus | Accuracy and compliance | Operational efficiency, risk detection, strategic insight |
Primary Users | Accounting teams, external auditors, tax professionals | CFOs, CEOs, internal audit teams, strategy departments |
Data Usage | Input- and record-driven | Analysis-driven, pattern recognition, insight extraction |
Time Orientation | Past-oriented (historical reporting) | Past-based with a focus on present anomalies and future forecasting |
System Nature | Fixed structure, standardization-focused | Flexible structure, customizable and dynamic analytics |
Example Tools | SAP, Duzon iCUBE, QuickBooks, etc. | The Nine Viewers, MindBridge, Vena, etc. |
Key features of Nine Viewers
as Extended Accounting System
Key Technical Features
Designed for
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