Account Reconciliation Software
Cloud or On-Premise Accounting Software
FLEXI'S ACCOUNT RECONCILIATION SOFTWARE
Account Reconciliation Software for a Faster, Easier Close
Flexi’s account reconciliation software, FlexiRecon™ is designed to dramatically speed the closing process by streamlining reconciliation activities across several broad areas. Examples of the tremendous time-saving features include:
- Automatically import bank statement activity and reconcile with ledger, payables and receivables.
- Automatically match bank entries to financial entries.
- Minimize the manual work needed to reconcile AP auto withdrawals or AR deposits.
- Automate the funding of cash accounts such as payroll transfers from third party processors.
- Streamline sorting and filtering within bank or financial entries.
- Automatically process the completed reconciliation, or “unprocess” if further review is needed.
- Automate some of the variances between financial entries, streamlining the manual matching for variances between cashed checks or deposits received.
Automate Account Reconciliation Processes with Flexi
FlexiRecon is designed to automate and streamline the reconciliation activities within the following three areas.
Account Reconciliation, Compliance
FlexiRecon provides robust audit functionality to streamline compliance requirements. As part of the account reconciliation process, FlexiRecon tracks and reports accountability and activities such as who is responsible for reconciling each account, who is responsible for approving, an aging of any unreconciled differences, and more.
Close Process Management
A customized workflow product documents and sequences the flow of all tasks that are performed as part of the period close process. Tasks are organized in a hierarchy with the familiarity of visual charts that can be used to track and control tax filings as well as other industry- or company-specific tasks.
The automated matching of transactions can take place between two different source systems (such as the GL and a bank reconciliation file) or within one system (a GL clearing account). Users can configure matching criteria to speed the reconciliation of:
- Cash accounts
- Revenue accounts
- Expense accounts
- Fixed assets
- Intercompany accounts
- Clearing and suspense accounts
- Taxes and escrow
Maximum efficiency and accounting automation
All of the Flexi applications use an integrated security and fully integrated functionality across the entire product suite. FlexiRecon works together with FlexiLedger, FlexiPayables and FlexiReceivables to create a seamless, highly efficient reconciliation process.
Enterprise-Strength Accounting Software
For 30 years, Flexi’s enterprise accounting solutions have been put to the test in the most challenging environments where performance, security and speed are paramount. We bring a unique combination of a true enterprise platform with the built-in flexibility to adapt to any accounting environment.
Superior Speed and Security
Financial institutions process billions of global transactions quickly, convert multi-currencies, and close books every morning.
Daily Close and Cost Reductions
Daily close capabilities enables multi-entity with 8,000 units to reduce costs 30% and close books 70% faster than industry average.
Reliability and Precision
Hundreds of insurers and thousands of agents and brokers rely on Flexi to process claims quickly, with precision.
"When our auditors request acquisition or depreciation schedules, we can easily generate or export the reports. The reports always tie back to the general ledger so we don't have to waste time researching differences."
Mercury Insurance Group