REA Technology

Highly and Easily Customizable

Complete REA business applications can be customized to your specific needs and even developed from scratch in minutes, rather than days, weeks and months. Model-driven software architecture and generic business knowledge encoded in the application dramatically increases the efficiency and productivity of application development, and increases application responsiveness to your changing needs.

Accounting for Non-Accountants

An REA business solution expresses financial and other business information in the user’s language and from the user's point of view. For example, registration of using equipment can be called using equipment, instead of forcing you to register the same thing as debit depreciation expense account and credit accumulated depreciation. Instead of the language of credits, debits, assets, liabilities and owner’s equity, you only needs to deal with well-known concepts from his own business, such as sales orders, invoices and payments. You can define these concepts yourself, and they can vary from business to business, due to the high customizability of an REA-based solution.

Business Consequences of Your Actions

Compared to traditional accounting applications that focus on the results of the past, an REA application provides you with precise, clear, and complete prediction and explanation of the future economic consequences of your management decisions. You can even simulate various scenarios to decide upon the right actions at the right time.

Integrated Production and Financial Processes

The REA model covers both production and financial processes in the same uniform environment, thus gives you all-inclusive information for qualified business decisions.

Management of Groups and Supply Chains

If you are a member of a loosely-organized group of individuals or companies, then business of the whole group, as well as of each individual member can be managed, planned, monitored and controlled easily in a single REA application. Although loosely-organized group is a frequent business form, group accounting is very complicated using usual accounting applications.