Technology That Understands
Your Business
Welcome to REA Technology
REA (Resources, Events, Agents) makes accounting and financial management extremely easy. So easy, that you even do not need to understand traditional accounting to get full control over financial situation of your firm, and comply with all legal accounting requirements, all the time. REA is easy to understand by non-accountants, it uses your own language you are familiar with from your business, provides for full traceability of all transactions, which gives you excellent control over your firm, and provides all accounting artifacts required by legislation. Besides of that, REA customized business solutions are affordable even for very small firms.
» REA makes accounting understandable to non-accountants
REA can express financial and other business processes in the user’s language and from the user's point of view. For example, an economic event of using equipment can be called using equipment, instead of calling it debit depreciation expense account and credit accumulated depreciation. Instead of the language of credits, debits, assets, liabilities and owner’s equity, the user only needs to deal with well-known concepts from his own business, such as sales order, invoice and payment. In REA, users can define these concepts themselves, and they can vary from business to business, due to the high customizability of an REA-based solution.
» REA dramatically decreases costs of application development
The model-driven design software solution centered about REA radically increases speed of application development, due to generic business knowledge encoded in the application. Applications can be developed or customized in minutes and hours (an order of magnitude faster than any state-of-the-art system), rather than days, weeks and months. Model-driven software architecture dramatically increases the efficiency and productivity of application development, increases application responsiveness to customers’ changing needs, and radically decreases the cost of application deployment and management. Applications are more reliable, due to radically decreased amount of source code.