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Unbeatable Accounting Software

6 Reasons Why Flexi is an Unbeatable Accounting Software

Through a secure, enterprise platform, Flexi automates the entire accounting workflow process and delivers ROI in months. As a result, your finance team can spend far less time on the close, consolidation and reporting processes—and more time being strategic and proactive.

With Flexi, you won’t be stuck with a costly system that leaves you unable to adapt to changing market or business needs. As the name implies, Flexi offers extreme flexibility in every way. From deployment options, implementation and setup of business rules, to integrations with other systems, Flexi has got you covered.

6 Reasons Why Flexi is an Unbeatable Accounting Software

  1. Continuous Close Capability – Flexi gives you the ability to conduct preliminary ‘soft close’ periods at any time, while the system continues to account for financial transactions in the meantime. You’ll have plenty of time to review and adjust financials in preparation for your hard close deadlines, with complete confidence in the accuracy of your reports.
  2. Automated, Workflow-Driven Processes – Flexi’s powerful workflow engine mirrors your accounting processes electronically. Based on your business rules, tasks can be automated – saving time and removing the risk of costly mistakes. You remain in control with a complete archive – all available 24/7 from anywhere, through any device.
  3. Multi-Entity Financial Management – Consolidating multiple general ledgers, company/franchise financial statements, and/or multiple currencies can easily consume days or weeks of time. Flexi simplifies even the most complex accounting environments and easily converts all of this disparate data into standardized, board-ready reports almost instantaneously. Learn more about Flexi’s multi–entity financial management  capabilities.
  4. Real-Time Visibility – View, analyze and report real-time financial data, ensuring business decisions are always based on accurate, timely data. With Flexi, you’ll have everything you need at your fingertips to visualize your financial position and make real-time business decisions.
  5. Complete Audit Trail and Compliance Documentation Flexi provides immediate access to all details behind a transaction. Because each accounting module is part of the same system (including Flexi’s general ledger), you can easily drill down into all transactions and trace all the way back to the original journal entries, including a visual map of the workflow and approvals.
  6. Streamlined Reporting with Flexi’s Cloud Financial Report Writer – Flexi’s proprietary cloud financial reporting software will make you look good every time. Easily generate perfectly formatted reports and distribute the right data to the right people – even for complex multi-national companies. Reports can be shared in Excel or web-based format and accessed anytime, through any device.

Flexi

Flexi offers a full suite of products to help your accounting staff perform and deliver–and save time while doing it.

With Flexi, you can streamline and automate labor-intensive financial management functions using accounts payable, general ledger, project management, and fixed asset solutions.

Flexi is an industry leader for a reason. With expertise in all aspects of accounting and 25 years experience, the Flexi team can offer the best of the best. Even better, Flexi offers cloud-based web services that not only streamline processes, but also make data accessible 24/7 from any device with an internet connection.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

General Ledger Software

Why Our General Ledger Software Can Save you Precious Time

Closing the books accurately takes time. Fortunately, Flexi General Ledger Software, FlexiLedger®, is designed to save your organization precious time. With features like automation, the FlexiLedger® program can help your organization close the books quickly and accurately, allowing your staff time to focus their efforts on strategy and advisory for current and future clients.

FlexiLedger® is flexible enough to stand-alone and integrate with any third party system, but it is even more powerful within the robust financial management software offered by Flexi. This secure, integrated solution delivers full automation of journal recordings and postings throughout the entire FlexiFinancials suite, including AP, AR, fixed asset spending and tracking, and more.

Unique features of Flexi’s general ledger software include:

  • Real-time financial visibility and reporting
  • Continuous close capability
  • Multi-entity consolidations
  • Multi-currency conversions
  • Detailed drilldown to supporting transactions and documents
  • Superior audit and compliance built-ins

For 25+ years, Flexi’s general ledger software has served industries such as banking, insurance, and healthcare, where superior security, speed, and performance are paramount.

FlexiLedger® is the right software for your organization is you seek to:

  • Consolidate all your company financials in real-time
  • Convert multi-currencies into a common currency
  • Pull data from different GLs into a standard format
  • Generate reports with just a few simple clicks
  • Distribute hundreds or thousands of reports with complete confidence
  • Answers to all the auditor’s questions

Request a demo and see how Flexi can transform your accounting department.

Flexi

Saving time is important when your accounting team is under pressure to perform. Flexi offers a full suite of products to help your accounting staff perform and deliver–and save time while doing it.

With Flexi, you can streamline and automate labor-intensive financial management functions using accounts payable, general ledger, project management, and fixed asset solutions.

Flexi is an industry leader for a reason. With expertise in all aspects of accounting and 25 years experience, the Flexi team can offer the best of the best. Even better, Flexi offers cloud-based web services that not only streamline processes, but also make data accessible 24/7 from any device with an internet connection.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

 

Accounting Software Security

Security and Accounting Go Hand in Hand – Here’s the Whys and Hows

A common reason cited for not initiating a shift towards cloud-based software is the potential security concerns the cloud could bring. Because the cloud is not housed on-site, the preconceived notion is that data is less secure and more easily hacked because it is not closely guarded by the organization’s own infrastructure.

In fact, security breaches are more often caused by human error than they are by the technology being unsecure. While software providers continue to enhance security measures, most recently by implementing multi-factor authentication, humans remain the weakest link in terms of data security. A recent report found that up to 95% of security breaches are caused by human error.

How to prioritize security

Because human error is such a driver of security breaches, the first step in ensuring security of your organizational data is employee training. Before providing login credentials to staff users, employees should be fully trained. Additionally, regular check-ins to refresh users and provide new information are helpful, as well as producing an organizational knowledge base as a quick reference for users.

Because cybersecurity threats are ever-evolving, routine training (for all members of the organization, even IT staff) should be made mandatory.

Common sense practices

To keep your employees and your data safe, periodically ask your employees the following to keep them aware:

  • Do you keep company information on your mobile device?
  • Do you have security precautions in place, such as data encryption and multi-factor authentication?
  • Do you lock your computer when you step away from your desk?
  • Are the security questions set up for your account easily answered through access of your social media accounts?

Flexi

Security is important, and using a software provider who understands your security concerns is the first step towards ease of mind.

With Flexi, you can streamline and automate labor-intensive financial management functions using accounts payable, general ledger, project management, and fixed asset solutions.

Flexi is an industry leader for a reason. With expertise in all aspects of accounting and 25 years experience, the Flexi team can offer the best of the best. Even better, Flexi offers cloud-based web services that not only streamline processes, but also make data accessible 24/7 from any device with an internet connection.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

 

Accounting Compliance

SEC Approves New Accounting Rule – This is Why Compliance Is Important!

As an accounting professional, you already know the importance of compliance, and now, compliance is as important as ever. The Securities and Exchange Commission (SEC) gave final approval in October 2017 to a regulation that requires auditors to tell investors about what they learn when they audit a company’s books.

The requirement calls for auditors to inform investors about “critical audit matters,” which are defined as any area of a company’s finances that were found to be especially challenging, complex, or forced auditors to make tough judgment calls.

Flexi is your accounting compliance software

Flexi software is designed with compliance and regulatory measures in mind. You can rest easy knowing your business is relying on a software solution that prioritizes compliance.

Flexi delivers all the rich features you’d expect in a top tier accounting solution, but without the high cost. With quick implementation that can be deployed on-premises, in the cloud or in a hybrid environment, Flexi will not only simplify your accounting processes today, but also will have you ready to adapt quickly to market or business changes in your future.

Seamlessly integrate Flexi software to your core system to ensure that financial statements are accurate, consolidations are error-free, and efficient processes are in place. Make sure your business retains visibility and transparency with expenses.

With Flexi Financial Reporting and Analytics software, your team can:

  • Gain Efficiency – Streamline the AP process by reducing time-consuming, error-prone manual processes, and converting them into electronic “touch-it-once” automated events.
  • Empower Management with Information – Securely distribute reports to management, providing the specific data needed to effectively and efficiently run their departments.
  • Analyze Your Business – Analyze financial data to view business performance by business line, geography and account.
  • Identify Trends – Use visualization to identify past trends that showed success and to recognize areas of improvement.

Flexi

Saving time is important when your accounting team is under pressure to perform. Flexi offers a full suite of products to help your accounting staff perform and deliver–and save time while doing it.

With Flexi, you can streamline and automate labor-intensive financial management functions using accounts payable, general ledger, project management, and fixed asset solutions.

Flexi is an industry leader for a reason. With expertise in all aspects of accounting and 25 years experience, the Flexi team can offer the best of the best. Even better, Flexi offers cloud-based web services that not only streamline processes, but also make data accessible 24/7 from any device with an internet connection.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

Banking Accounting Software

How Flexi’s Bank Accounting Software Helps Them Stay Efficient and Quick

Flexi’s bank accounting software helps banks stay efficient and quick. Flexi’s enterprise accounting platform works with your bank’s accounting system to make it better, with features like a world-class general ledger and financial reporting system.

Flexi’s 25+ year history is rooted in serving financial institutions around the world, including banks and credit unions. Flexi has built its platform around the unique needs of this industry, which requires superior security, speed, and performance. With Flexi, you’ll enjoy:

  • Daily close capability
  • Real-time financial reporting
  • Built-in audit and compliance
  • Multi-entity consolidations
  • Workflow automation

Flexi’s open architecture allows you to choose the software that is right for your bank. Flexi can integrate stand-alone modules like general ledger software or financial reporting system into your existing banking accounting system. Or you can gain the ultimate speed and power with the entire financial management software platform, which is uniquely designed to allow financial data within the core general ledger to flow securely wherever it is needed, in real-time.

Some of Flexi’s software benefits include:

  1. Continuous Close Capability – Flexi gives you the ability to conduct preliminary ‘soft close’ periods at any time, while the system continues to account for financial transactions in the meantime.
  2. Automated, Workflow-Driven Processes – Flexi’s powerful workflow engine mirrors your accounting processes electronically.
  3. Multi-Entity Financial Management – Consolidating multiple general ledgers, company/franchise financial statements, and/or multiple currencies can easily consume days or weeks of time.
  4. Real-Time Visibility – View, analyze and report real-time financial data, ensuring business decisions are always based on accurate, timely data.
  5. Complete Audit Trail and Compliance Documentation – Flexi provides immediate access to all details behind a transaction.
  6. Streamlined Reporting with our Cloud Financial Report Writer – Flexi’s proprietary cloud financial reporting software will make you look good every time.

Adopt Flexi software today

With Flexi, you can streamline and automate labor-intensive financial management functions using accounts payable, general ledger, project management, and fixed asset solutions.

Flexi is an industry leader for a reason. With expertise in all aspects of accounting and 25 years experience, the Flexi team can offer the best of the best. Even better, Flexi offers cloud-based web services that not only streamline processes, but also make data accessible 24/7 from any device with an internet connection.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

 

Wrong Accounting Software

How the Wrong Accounting Software Can Cost Companies Millions

Choosing the right accounting software is important investment for any company, but choosing the wrong software can be extremely costly. This is not a decision to take lightly, and it requires due diligence and extensive research.

Traditional accounting solutions are becoming increasingly obsolete as the industry makes way for more accessible cloud-based solutions. The cloud offers the same perks of traditional accounting solutions, except faster, more secure, and more accessible.

What’s in the best accounting software?

Today’s most valuable accounting software solutions provide end users with more free time to do the things that really matter—like analysis. Accountants are steadily moving towards more strategy-driven advisory services, winning more business and taking on more clients than ever before. But with the wrong software solution, there won’t be any free time for advisory services or additional clientele. In fact, those accountants are likely to lose existing business to the more progressive financial leaders who are embracing the cloud and ramping up their portfolio of offerings.

The best accounting software should allow your team to:

  • Close the books faster
  • Automate accounting processes
  • Simplify multi-entity accounting
  • Gain real-time visibility
  • Simplify audit and compliance
  • Streamline financial reporting
  • …and so much more

A lack of automation, accessibility, and easier reporting functions quickly costs company dollars.

How can Flexi help

Through a secure, enterprise platform, Flexi automates the entire accounting workflow process and delivers ROI in months—not years. As a result, your finance team can spend far less time on the close, consolidation,and reporting processes, and more time being strategic and proactive. Depending on the size of your organization, this could save you thousands—if not millions.

With Flexi, you won’t be stuck with a costly system that leaves you unable to adapt to changing market or business needs. Instead, Flexi offers extreme flexibility in every way. From deployment options, implementation, and setup of business rules, to integrations with other systems, Flexi’s got you covered.

The bottom line

Flexi delivers all the rich features you’d expect in a top tier accounting solution, but without the high cost. With quick implementation that can be deployed on-premises, in the cloud or in a hybrid environment, Flexi will not only simplify your accounting processes today, but also will have you ready to adapt quickly to market or business changes in your future.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

Healthcare Accounting

Why Healthcare Companies Need a Solid Accounting Solution

The healthcare industry might be one of the most financially turbulent industries in America right now. Financial professionals in healthcare are under immense pressure to provide value to patients, reduce operating expenses, collect on patient payments and provide cost transparency to patients, and all the while remain financially compliant.

In spite of the current challenges in the healthcare space, a solid accounting solution is the first and most important step in order to make the vast improvements that need to be made. According to Business Ready Solutions, there are four major ways the right healthcare accounting solution can benefit healthcare professionals.

The right accounting solution

Improves data integration

Accounting software needs to integrate systems. A reliance on paper-based data or manual data entry is too slow for the fast-paced needs of today’s healthcare industry. Automating the flow of data is a necessity with so many moving parts, such as the hospital or health system, the health plan, government organizations, etc. Accounting software that integrates with other systems can drastically improve operational expenses.

  • Reveals relationships between data

An abundance of data is useless without being able to connect the dots and provide analysis. The right accounting solution will reveal data relationships, providing insight into making the best business decisions. As electronic health records become more robust, healthcare organizations will be able to take an even deeper dive.

  • Improves operating efficiencies

A recent study by Ivans, Inc. found that administrative inefficiency and redundant paperwork accounts for 18% of healthcare waste. Accounting professionals in healthcare are burdened on a daily basis by increasing demands. On top of that, many facilities are operating with older infrastructure. The right accounting solution can help the finance team by doing more with less.

  • Ensures compliance

Maintaining compliant with government regulations can be a costly endeavor for healthcare organizations. However, the right accounting solution can help healthcare organizations maintain compliance by reducing the cost of regulatory compliance and lessening the risk of compliance failure.

Flexi’s Process Driven Workflow

Streamline and automate labor-intensive financial management functions with Flexi’s easy-to-use accounts payable, general ledger, project management, and fixed asset solutions for various healthcare industries.

Throughout hospitals and across integrated delivery networks (IDN), our solutions increase efficiency, improve accuracy, and reduce labor cost. When implemented as part of an integrated hospital system, there are added efficiencies and cost savings to help optimize your business operations. Try out our healthcare accounting software today.

  • Prevent shortfalls and missed margins with powerful analytic tools
  • Improve information flow through multi-entity processing and a faster closing process
  • Enhance regulatory compliance and security

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

graduate accounting degree

Can a Graduate Degree in Accounting Payoff?

Many working professionals turn to graduate degrees as a method of jumpstarting their careers. Choosing an area of study can be challenging, especially with the price tag of most grad schools. One degree that really provides ROI, however, is the Master of Accounting (MAC).

The Master of Accounting (MAC)

The MAC degree can be completed in just one or two years, meaning the investment of both time and money is minimal compared to other similar graduate degrees. An MBA can take two to three years, or more when the student is only enrolled part-time. Many schools offer the MAC full-time, part-time, or even online—making it easy to fit it into your busy schedule.

Despite the changing role of accountants due to automation and AI in the workplace, the Bureau of Labor Statistics reports that accounting jobs (for all degree levels) will increase by up to 13 percent by 2022. According to Georgetown, the median salary for a MAC degree holder is $91,000, up from a median of $69,000 for holders of bachelor’s degrees.

And as your work experience increases, so does your paycheck. With five years of work experience under your belt, a MAC degree can help push you into a six-figure salary. In fact, a corporate vice president of finance can expect to earn between $200,000 to $390,000, and a chief financial officer can expect to earn up to $480,000.

But what about work/life balance?

Money can be great, but more and more these days, employees are looking for a solid work/life balance and the pursuit of happiness. Fortunately, accountants consistently rank higher in job satisfaction, with 78 percent of polled finance workers satisfied with their jobs according to Hudson Global Inc. And, a survey by Monster.com showed accounting professionals as the second most satisfied with their jobs, edged out only by engineers.

So why are accounting professionals so satisfied? Great pay and excellent job opportunities surely help, but so does the feeling of making a difference and doing work that counts. Accountants keep businesses, and the global economy at large, afloat.

Can Flexi help?

Earning a MAC degree is the first step in a fruitful career in accounting. After that, the sky’s the limit: there are many job opportunities available to graduate level accountants. But school is not the only place accountants learn. On-the-job experience keeps accountants on their toes, and being aware of changing technologies will become increasingly important in the coming years.

Flexi software is a cloud-based solution that can benefit the smartest and busiest accounting professionals. Seamlessly integrate Flexi software to your core system to ensure that financial statements are accurate, consolidations are error-free, and efficient processes are in place. Make sure your business retains visibility and transparency with expenses.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

Accounting Compliance

A Prime Example as to Why Accounting Compliance Software is a Must

Compliance is important to you as an accounting professional. Ensuring that all matters are handled in accordance to federal regulations is imperative in keeping your doors open as an accounting firm.

In 2002, the Sarbanes-Oxley Act was enacted to set new standards for accountants, specifically in the accounting and internal auditing practices of publicly-traded companies.

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 keep close watch on regulation and compliance. Other industries are also highly regulated, including healthcare.

Without attention to regulatory compliance, accountants may even land themselves in prison. Kevin Towns of Suffolk, Virginia was recently sentenced to 40 months in prison for his contribution to the preparation of hundreds of false returns.

What can Flexi do for your compliance needs?

To keep your doors open and your business compliant, rely on a software solution that prioritizes compliance.

Flexi delivers all the rich features you’d expect in a top tier accounting solution, but without the high cost. With quick implementation that can be deployed on-premises, in the cloud or in a hybrid environment, Flexi will not only simplify your accounting processes today, but also will have you ready to adapt quickly to market or business changes in your future.

Seamlessly integrate Flexi software to your core system to ensure that financial statements are accurate, consolidations are error-free, and efficient processes are in place. Make sure your business retains visibility and transparency with expenses.

With Flexi Financial Reporting and Analytics software, your team can:

  • Gain Efficiency – Streamline the AP process by reducing time-consuming, error-prone manual processes, and converting them into electronic “touch-it-once” automated events.
  • Empower Management with Information – Securely distribute reports to management, providing the specific data needed to effectively and efficiently run their departments.
  • Analyze Your Business – Analyze financial data to view business performance by business line, geography and account.
  • Identify Trends – Use visualization to identify past trends that showed success and to recognize areas of improvement.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

Accounting AI

How Artificial Intelligence (AI) is Shaping the Accounting Industry

According to a study by Oxford University and Deloitte in 2015, accountants will be among the first professions affected by the rise of artificial intelligence (AI). Up to 95 percent of accountants will face some threat due to the advanced automation capabilities provided by AI.

While this is categorized initially as a “threat,” it also opens the door to a new kind of accountant. The modern accountant does much more than crunch numbers. In fact, in the future, AI might do most of the number-crunching. Instead, accountants are moving toward a model of value-added opportunities to offer clients, such as strategy and advisory services.

 

Robots as partners

Not all human functions can be replicated by robots. Much of the high-volume work can, in fact, be done quickly and accurately by use of a bot. However, a bot cannot be taught judgment or analysis. For these reasons, Sonia Eland of DXC Technology suggests we not perceive bots as a threat, but instead, as a partner. The help of AI can assist humans in doing their jobs more accurately and more efficiently.

Embracing new roles

While the role of the modern accountant is evolving, the time for hesitation is slim. The accountants that will thrive under this new model are the progressive thinkers who are jumping in and finding new ways of being marketable and valuable in a changing workplace.

Accounting professionals who embrace this change to advance their individual skills are on track to continue providing value to a profession and an industry that is changing. By freeing up time, accountants can even learn to code. In all, robotic process automation (RPA) is expected to free up the creativity and intellect of accounting professionals.

Flexi and the future

Flexi takes advantage of automation to make the lives of accountants easier.

Flexi delivers all the rich features you’d expect in a top tier accounting solution, but without the high cost. With quick implementation that can be deployed on-premises, in the cloud or in a hybrid environment, Flexi will not only simplify your accounting processes today, but also will have you ready to adapt quickly to market or business changes in your future.

Seamlessly integrate Flexi software to your core system to ensure that financial statements are accurate, consolidations are error-free, and efficient processes are in place. Make sure your business retains visibility and transparency with expenses.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.