Technology That Understands
Your Business
Welcome to REA Technology
What is difficult in traditional business solutions is much easier in REA.
Rapid and Low-Cost Customizations
REA business applications can be customized to your specific needs 50 to 100 times more effectively than any other known alternative. Model-driven software architecture and generic business knowledge encoded in the application dramatically increases application responsiveness to your changing needs.
Partnerships, Collaborations, and Business Ecosystems
Compared to traditional business solutions limited to a single company, REA applications provide business management of emergent groups where individuals or companies join and leave on ad-hoc basis. Although business ecosystems are a frequent business forms, accounting for emergent groups is very complicated using traditional business solutions.
Business Consequences of Your Actions
REA application provides you with precise, clear, and complete prediction and explanation of the future economic consequences of your management decisions, and trace their fulfillment. You can even simulate various scenarios to decide upon the right actions at the right time.
Reporting that Non-Accountants Understand
REA applications express financial and other business processes in the your own language, instead of the language of accounts, credits, debits, retained earnings, contra accounts and adjusting entries. For example, using equipment is called "using equipment", instead of forcing you to call it "debit depreciation expense account and credit accumulated depreciation". You only need to deal with well-known concepts from your own business, such as sales orders, invoices and payments - you can choose them yourself.
Support for all Trade and Production Scenarios
REA describes all trade and production processes using a common pattern. REA applications can even plan, monitor and control trade where money is not involved. Therefore, REA applications are ideal for businesses with special or frequently changing processes and requirements.
External links
»Intelligent Agents
»An extension of the REA application for simulation
of business ecosystems
»Released August 19, 2011
»Last update April 4, 2014
»Intuit QuickBooks functionality matched by an application developed as a domain-specific language test, in 2 man-days using 380 lines of code.
»September 7, 2010
»Google Apps Integration enables an option of storing business documents in the cloud.
»November 18, 2009
»New version of Stock Flow Graph covering all monitored resources, including
cash flow.
»December 3, 2009
»Green Accounting application supporting Cement Sustainability Initiative
»June 19, 2009
»Direct Store Delivery application running on Windows Mobile 6.1
»Supported operating systems are now Windows XP and higher, and Windows Mobile 6.1 and higher.
»June 23, 2009
»Classroom Cashbox, a micro-vertical for classroom budgeting and accounting, featuring a new report generator.
»November 12, 2008
»Budgets and Estimates are now part of the modeling and runtime environment.
»August 13, 2008
»Posting 10.000 invoices in less than a second using in-memory database.
» Microsoft SQL server and datastream are now two supported data store options.
»April 21, 2008
»Workflows are now part of modeling and runtime environment.
»June 23, 2008
»Added runtime Multiuser Access.
»February 12, 2008
»Probably the first model-driven REA application was demonstrated at REA-25, Delaware, DE, USA, on June 13-15, 2007.
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