Compliance is important to you as an accounting professional. Keep abreast of the latest regulation and compliance standards by using Flexi.com’s suite of products and services. The banking industry is one of the most regulated industries in the U.S., and the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the FDIC…
Flexi.com provides the ultimate franchise accounting solution, enabling your organization to efficiently manage its accounting processes across entities. By providing tools to efficiently manage your accounting operations, Flexi allows your team to focus its efforts on strategy and analysis rather than the minutia of manual reporting. The history In the early 90s, when client-server technology…
True to its name, Flexi is a flexible accounting solution provider. At its inception, one of the primary goals of Flexi was to provide companies with a non-proprietary, feature-rich accounting system that could be scaled to handle millions of transactions, yet remain flexible enough to handle the unique requirements of any company. Openness was critical…
Daily period closing refers to the process of your staff recording daily collections from all sources, including cash, checks, and credit cards. For some, a daily close may seem overwhelming. However, instituting daily closings can be hugely effective in managing a company’s accounting, ensuring that financial data is always accurate, and pinpointing discrepancies before they…
According to the Adra Match Market Survey in 2013, 61% of accounting professionals are unhappy with their financial close processes. That’s a lot of disgruntled accounting professionals, and for good reason: closing can be time consuming, difficult, monotonous, and frustrating with the wrong tools. To maximize efficiency during closing, your organization needs the right software….
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…
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…
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Below is an infographic the dives into our flexible accounting software.
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…
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…
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….
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…