COFI is Webian’s acronym for “Complete Overview of Financial Information”
Organizations with global commercial activities may have best enterprise systems for handling core primary process and can be industry leaders in their respective business activities. But many of them find it difficult to implement one standard sales invoice system due to high variations in financial and taxation norms across different continents and countries.
Products and services traded in various currencies in a decentralized business model can make consolidation and normalization a bigger challenge for corporate financial teams. Linguistic variations can add more complexities in analyzing facts and figures and generate MIS for senior management.