Flexi’s Financial Management Software [infographic]
Below is an infographic the dives into our flexible accounting software.
Period-end closing may be enough to grumble about as it is. According to the Adra Match Market Survey in 2013, 61% of accounting professionals are unhappy with their financial close processes. But, closing the books can be made even more complicated when your business encompasses multiple entities, geographies, and systems. Entities When your business has…
The pressure to close the books as fast as possible is higher than ever. According to Adra Match, 90% of survey respondents said they feel they are under pressure to close faster, while only 39% are satisfied with the quality of their closing process and only 28% trust the numbers reported at their month-end closes….
Financial leaders know the importance of accurate data, and as technology improves, so do the processes for obtaining and analyzing that data. The financial industry is increasingly embracing an enterprise-wide approach to Corporate Performance Management (CPM). Financial reporting provides insight into the financial health of the organization, but CPM takes an even deeper dive, allowing…
Projecting cash flow is a difficult task for any treasurer. While there are a series of known costs that are considered predictable (including wages, salaries, taxes, and debts), there are also two large components of every business that are very difficult to predict, making cash flow projections extremely challenging: accounts payable and accounts receivable. The…
If your business doesn’t follow a period-end close workflow, you could be throwing money out the window. Establishing a workflow not only delineates the processes for all parties involved, but it also presents a written record of that process, making it open for future improvements that might speed up the close or further ensure the…
Accounting professionals have relied on spreadsheets since the mid-1980s when Microsoft Excel was first introduced, but the dawning of a new era in technology leaves many businesses questioning if their accounting departments are relying too heavily on spreadsheets. Spreadsheet manipulation is often based on manual processes without proper checks and balances in place. Reliance on…