Digital Transformation

Financial and accounting functions within companies are undergoing a major shift, with their roles being reshaped by innovations. We all hear about artificial intelligence, but what can it bring to your company and more specifically to your employees? How can it be implemented in the most optimal way? Does the digitalization of financial and accounting functions complement what employees do or replace them? These are questions ACFIN PARTNERS can help answer.

At ACFIN PARTNERS, we believe that the digitalization of businesses is far from being a ‘passing fad.’ We are witnessing a true digital revolution in our companies, responding to all the challenges they face and the opportunities they need to seize. Digital transformation in finance, as we see it, encompasses much more than just using new technologies. We view it as a genuine change in how companies approach, manage, and optimize their various financial processes. Whether it’s accounting, cash management, or forecasting, all aspects of financial functions are impacted.

A well-conducted digital transformation can lead to increased employee efficiency, better visibility and reliability of financial information, more informed decision-making, and significant growth leverage. At the heart of this digital transformation, ACFIN PARTNERS aims to be your preferred partner, enabling you to implement the right tools at the right time, according to your needs. Our understanding of financial and accounting functions allows us to quickly grasp your needs, and our network of partners and knowledge of the various solutions enable us to match the right tool to your needs.

Every company is different, so ACFIN PARTNERS adopts a collaborative approach to perfectly identify your needs based on your company and the market in which you operate. The goal is to find and implement tools that specifically suit you.

ERP is a type of software used by companies to manage daily activities such as purchasing, sales, project management, risk management, compliance, and accounting. Before implementing a new ERP, many questions must be considered, such as: What are the objectives, and how can an ERP help achieve them? What processes need to be covered by the ERP? What essential features are needed? What is our budget for ERP implementation and maintenance? How will the ERP integrate with our existing tools? Can the ERP be customized to meet our exact needs?

Given the relatively high cost of an ERP and its implementation, it is crucial to choose the right tool and provider. Additionally, financial, legal, process, and market knowledge are all essential points when selecting and implementing an ERP. ACFIN PARTNERS can assist throughout the ERP implementation process, from the reflection and needs definition phase, selecting the ERP, choosing the provider, to the ERP implementation.

Engaging ACFIN PARTNERS for ERP implementation offers several benefits. You gain from the experience of professionals who have overseen ERP implementation in various structures, receive external advice in defining needs and selecting providers, enjoy attractive prices through ACFIN PARTNERS’ partner network, and ensure the most efficient implementation. ACFIN PARTNERS can also act as an intermediary between the service provider responsible for ERP implementation and your company, freeing up significant time for you to focus on business development.

Often, companies manage their cash flow manually at the beginning. As the company grows, it becomes increasingly difficult to maintain healthy and efficient cash management manually. Many solutions exist, each meeting specific needs.

With a suitable cash management software, you can manage all your banking flows in one place. If you have multiple bank accounts, including within foreign subsidiaries, there’s no need to log into each banking space to conduct transactions or obtain account statements; everything can be done on a single platform by connecting all your banks to one software. You can make all supplier payments from one platform, saving considerable time.

Centralizing all your flows allows you to monitor your cash flow comprehensively. You can categorize all your flows, monitor the cash flow of each entity at a glance, and perform detailed analyses.

This cash centralization enables you to create cash forecasts and compare them in real-time with actuals. Some platforms even integrate artificial intelligence to perform predictive analysis, combining your business knowledge with AI for increasingly reliable forecasts.

ACFIN PARTNERS assists in selecting the right tool and implementing the chosen solution. We handle bank interfacing to connect all your banks to the tool and act as the main contact with the technical provider responsible for implementing the tool. Thanks to our partnerships, ACFIN PARTNERS offers competitive rates on various cash management software.

Accounting and consolidation are core areas of our expertise. If you decide to internalize any of these functions and need to implement the necessary tools, ACFIN PARTNERS can offer all its expertise on these subjects. After analyzing your needs, ACFIN PARTNERS can assist in selecting a solution tailored to your company’s specifics and activities. Once the tool is chosen, ACFIN PARTNERS can act as the primary contact with the provider responsible for implementing the solution. We can also work with you to set up an accounting plan, recover historical accounting data, or implement analytical accounting.

Selecting and efficiently implementing accounting or consolidation software is a crucial step in your business’s life. These tools are relatively costly and will accompany you for several years. Poor implementation or an unsuitable tool presents significant risks to your business’s proper functioning.

Additionally, choosing the right tool can yield substantial productivity gains, whether by using AI-integrated solutions or connecting them to your other internal applications.

ACFIN PARTNERS aims to be your preferred partner in implementing these digital solutions, providing the best possible support for a quick and effective setup.

Electronic invoicing pertains to all purchase and sales operations of goods and/or services between companies established in France and subject to VAT when these are domestic operations, i.e., within the national territory. In Luxembourg, electronic invoicing is already mandatory for public contracts.

The implementation of electronic invoicing in France is scheduled for a phased rollout starting from September 1, 2026, for large enterprises and mid-sized companies, and from September 1, 2027, for small and medium enterprises (SMEs) and microenterprises. The obligation to receive electronic invoices will apply to all companies from September 1, 2026.

The benefits of electronic invoicing include:

• Increased automation and efficiency;
• Cost reduction;
• Better invoice traceability;
• Faster processing times;
• Accelerated payment times;
• Simplified accounting (especially with AI integration in your accounting software);
• Reduced disputes;
• Enhanced data security;
• Easier consultation and archiving.

ACFIN PARTNERS can support you in implementing electronic invoicing. We can ensure that all data in your invoices complies with electronic invoicing requirements and assist in selecting an electronic invoicing provider. The provider choice is crucial to ensure compliance with legislation and secure your data.

At ACFIN PARTNERS, we recommend anticipating this subject, even though it will be mandatory from 2026. It is already mandatory in Luxembourg for public contracts. Anticipating this will ensure peace of mind and allow you to benefit from the advantages of electronic invoicing immediately.

Choosing ACFIN PARTNERS for your digital transformation ensures:

• Greater efficiency by significantly reducing manual and repetitive tasks, minimizing errors, and allowing you to focus on higher-value tasks.
• Better visibility of your financial performance with real-time insights into your activity, leading to more informed decision-making.
• Greater flexibility with customizable solutions that can evolve alongside your company.
• Cost reduction. While implementing a new digital solution requires initial investment, it is quickly offset by productivity gains.
• Improved compliance with automated processes and better security systems.
• Enhanced competitiveness by adopting the latest technologies available in your market.