Blog

Accounting Automation Software

Accounting Automation Software – Why Our Process Driven Solution Saves You Time

Flexi’s automated accounting solutions save your organization valuable time. Automated software means time added back to your calendar. With user-friendly, accessible software, clean and more accurate data, and simplified, easy-to-use report writers, accounting teams can work on strategizing, advisory, and new revenue streams with all the time they’ve bought back by using Flexi products.

Process-driven solutions

Flexi’s comprehensive financial management software simplifies and automates the entire accounting workflow process, without compromising security. Flexi’s open architecture meets even the most stringent security requirements yet allows data to flow seamlessly with any system, whenever and wherever business needs dictate.

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.

Flexi allows you to:

  • Consolidate 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
  • Answer all of your auditor’s questions

Industries

Flexi solutions enable companies in various industries to streamline accounting processes. These industries include:

Flex boasts flexible posting and open architecture, with rules-driven engines, enabling you to manage your accounting processes in a cost-effective and highly efficient manner.

Flexi software provides access to a fully integrated suite of applications, including general ledger, accounts payables, fixed assets, purchasing, and capital projects

As a Flexi user, you can save time with the added ability to analyze financial statements and track performance of your lines of business, profit centers, and locations.

Flexi solutions enable your organization to successfully compete in its dynamic and volatile marketplace. Automate and streamline your financial processes with the tools and controls to support complex regulatory requirements and changing market demands.

How can Flexi work for you?

Flexi may be the biggest, most trusted accounting software company in the industry right now. While Flexi sells directly to customers, Flexi’s software is also private labeled throughout the world by companies such as McKesson, StoneRiver, MajescoMastek, and Molina Healthcare.

To date, Flexi has 20,000+ users. Flexi’s automated software is process-driven and can help you and your business save–and repurpose–your time.

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

Hotel Accounting

Hotel Accounting Challenges Happening Right Now

Many industries are experiencing an upheaval when it comes to the accounting sphere, but the hospitality industry is experiencing specific and unique challenges. Hotel owners and operators know that solid accounting software is a must to manage the many unique dilemmas that tend to crop up.

Among these challenges are enterprise resource planning, working with a variety of employee types, outsourcing, and managing data.

Enterprise resource planning

It would be nice if every hotel company could build an enterprise system to manage its unique accounting needs, but this isn’t always the most realistic approach. Many management companies, in fact, deal with a variety of expectations, timelines, and processes, rendering a one-size-fits-all enterprise system virtually useless.

According to HotelManagement.net, building partnerships is the most reasonable method of managing this issue. Month-to-month subscriptions to hotel-specific solutions allow users to onboard quickly using user-friendly interfaces and familiar concepts.

Employee types

Hotels tend to employ a variety of employee types–full-timers, part-timers, employees who work for tips, etc. And some may work at multiple locations, where staffing requirements may vary.

Establishing a balance is necessary: hoteliers must be able to monitor labor costs, manage overtime, oversee payroll transactions, and run and distribute financial reports. A robust, cloud-based accounting solution like Flexi can accommodate these unique needs.

To outsource or not to outsource?

Unsurprisingly, hoteliers often have competing priorities, from sales to customer service to asset management and beyond. As a best practice, consider outsourcing. Managing all aspects of hotel accounting is a big ask and resources are finite.

Data, data, data

Analysis paralysis is a living, breathing thing. Hotels collect a lot of data, but the struggle is how to track and interpret that data. For this reason,, a centralized platform is key. Being able to import data to a centralized hub and slice and dice it from there helps to not only create, but also to analyze, a variety of reports to keep your hotel’s performance in tip-top shape.

Flexi for hotel accounting

Flexi solutions enable companies in various industries, including the hospitality industry, to streamline accounting processes.

Flexible posting and open architecture, with rules-driven engines, enable you to manage your accounting processes in a cost-effective and highly efficient manner.

With Flexi, access a fully integrated suite of applications, including general ledger, accounts payables, fixed assets, purchasing, and capital projects, and analyze financial statements and track performance of your lines of business, profit centers, and locations.

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

Artificial Intelligence and Accounting

When Artificial Intelligence and Accounting Collide

Fear is circulating in the accounting industry that humans (or accountants) will soon be replaced by artificial intelligence. But it is becoming increasingly clear that robots won’t cut it alone in the accounting sphere–while helpful, automation is best served with equal parts human intelligence.

With the rise of automation and cloud-based services, many traditional accounting tasks have been automated–this is true. Machines will always be better and faster at crunching numbers, but the benefit to accounting professionals is that this ensures more data accuracy than ever before–and offers time back on the calendars of busy accountants, freeing them up to analyze, strategize, and advise.

According to Pymnts.com, accountants are increasingly expected to serve as strategic advisors to their clients. Small businesses are becoming more and more frustrated, according to a Seed survey last year, that their banks aren’t providing the advisory services they feel they need, and that role is now being placed squarely on the accountant.

Embracing the cloud

While fear circulates about automation as the death of the modern accountant, many accountants are embracing the change and viewing it as a tool for forging deeper connections. While the role of the accountant is rapidly changing, the industry continues to dictate needs that cannot be satisfied by computers alone, thereby elevating the accountant’s role and situating accountants as leaders of strategy and advisory services.

Flexi as an automated partner in business

Flexi solutions will make your organization’s accounting processes run smoother. Among the many perks, Flexi enables your business to close the books faster, automate accounting processes, simplify multi-entity accounting, gain real-time visibility, simplify audit and compliance, and streamline financial reporting.

Accounting is on a fast track toward artificial intelligence. No matter where you are on that timeline, Flexi is a trusted partner dedicated to helping you safely transition into this new era. Flexi’s flexible accounting software is designed to grow with you–however your business needs dictate. Here are some of the highlights of the approaching paradigm:

  • No paper, and no manual errors
  • Real-time financial updates–whenever and wherever needed
  • Continuous control
  • Standardized workflow with built-in approvals
  • Mobile access to financials through any device
  • Visualization tools with real-time visibility of every transaction and complete audit trail

Flexi can enable and empower your accounting team to provide added value to clients with the time they gain back from these tools’ ease of use.

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

Flexi Financial Analytics

Why Flexi’s Analytics Reporting Has What You Need

Analytics reporting in the accounting sphere is critical. Being able to run reports, save reports, and distribute reports is key–and you want a flexible software solution that allows you to make changes on the fly.

The root of Flexi products is just that: flexibility.

FlexiAnalysis is Flexi’s analytics reporting tool. It gives accountants and financial analysts insight into your business, allowing you to visualize, slice, and drilldown on large volumes of data within FlexiFinancials.

FlexiAnalysis is a self-service business intelligence tool designed for accounting power users rather than BI architects or developers. FlexiAnalysis gives finance users the ability to create graphs and pivot tables with simple drag and drop functionality. FlexiAnalysis comes out of the box with connectors to various Flexi modules, including FlexiPayables, FlexiReceivables, FlexiLedger, and more.

 

Why FlexiAnalysis has got you covered

With FlexiAnalysis, creating reports is quick and easy. FlexiAnalysis comes preconfigured with connections to other Flexi modules, with predefined templates around common business processes to get you started.

FlexiAnalysis also comes with:

  • A simple drag and drop interface allowing power users to create new reports in minutes.
  • Visually appealing analytic models that combine various formats and charts and graphs

And, you can:

  • Leverage your existing knowledge of Excel resulting in an easy learning curve
  • Personalize your report format using standard Excel formatting

Best of all, you can work independently without reliance on IT to build a data model for you.

Another great feature is the ability to analyze your business data the way you want to.

This means you can:

  • Visualize your data with dynamic charts and graphs
  • Drilldown to the transactional detail without leaving Excel
  • Sort, Search, and Filter data
  • View your data the way you want it, untethered from the standard Flexi reports
  • Get real time insight into your financials
  • Drag and drop to rearrange your data view
  • Share your reports by publishing to SharePoint

financial analytics

And, integrated security keeps your data safe.

Flexi

Flexi’s analytics reporting software offers solutions to your most common reporting gripes. Flexi’s open, non-proprietary architecture is based on the latest Microsoft standards and tools. It supports industry standard databases such as Oracle and Microsoft SQL Server and allows for easy integration through web services. The Flexi applications utilize Microsoft SharePoint to provide browser based, enterprise-wide content portal and workflow capabilities.

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

General Ledger Software

When Picking a General Ledger Software For Your Company, What Features Do You Have On Your Wishlist?

General ledger software has a simple goal: to make the day-to-day accounting operations of any business faster and cleaner. General ledger software is vastly important to the accuracy and reliability of a business’s accounting department, and is not an area to skimp on quality.

As such, shopping around for FMS software is an investment, and not one to take lightly. When searching for your company’s next general ledger softer, what features are at the top of your wishlist?

The following features are baked into the powerful general ledger software offered by Flexi:

  • 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
  • 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

How FlexiLedger® can help your business succeed

Flexi’s powerful general ledger software, FlexiLedger®, is flexible enough to stand alone and integrate with any third party system, but it is even more powerful within Flexi’s robust financial management software, which is uniquely designed to allow financial data within the core general ledger to flow securely wherever it is needed, in real-time.. 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.

For 25+ years, Flexi’s general ledger software has served industries such as banking, insurance, and healthcare, where superior security, speed, and performance are always paramount. Request a demo and see how Flexi’s general ledger offering can transform your accounting department.

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.

fixed asset management

Here’s Why Our Fixed Asset Management Software Is Ahead of the Curve

Flexi’s Fixed Asset Management Software, FlexiAssets®, is ahead of the curve, providing a cloud-based solution that brings together the management of capital projects, assets, accounts payable, and your general ledger in a fully integrated software solution.

With the help of Flexi’s accounting software solutions, you can easily examine expenditures against available project budgets, associating them to fixed assets that seamlessly flow into your general ledger software and create a tightly integrated ecosystem.

FlexiAssets® greatly simplifies the ability to track assets across multiple locations, departments or companies, under multiple depreciation schedules, and with easy reference to underlying invoices and projects, all just a click away.

Additional highlights of Flexi’s fixed asset management software include:

  • Manage the entire lifecycle of fixed assets including acquisition, depreciation, adjustments, and disposal
  • Easily track and report real-time asset values and depreciation forecasts without the need for box reports
  • Control project spending with the ability to track in real-time against budget
  • Manage multiple depreciation methods (Flexi supports two dozen different methods out of the box)
  • Manage compliance with the ability to maintain multiple books simultaneously and receive ongoing updates to policies, such as bonus depreciation
  • When integrated with our full platform, fixed asset management tracking becomes even easier with integrated data that posts in real-time throughout GL, payables, purchasing and other affected modules

As with all of Flexi’s products, Flexi’s fixed asset management software is flexible and available as a stand-alone product, but it is extremely powerful when deployed as part of Flexi’s comprehensive financial management software.

With all applications securely and tightly integrated, you can nsure efficient, accurate, and timely management of capital projects, assets, AP, GL, and more—all in real time.

For more details, download Flexi’s fixed asset management software data sheet.

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.

Insurance Accounting Tool

Flexi Offers the Insurance Industry a Great New Accounting Tool

The insurance industry depends on adept accounting software, and Flexi’s software currently supports nearly 2,000 insurance and healthcare companies. Flexi’s 25+ year history is rooted in serving industries where security, compliance, speed and performance are paramount; industries including the insurance field.

Flexi’s software integrates with policy, billing, and claims systems, creating superior efficiency and accuracy. Government entities also rely on Flexi to efficiently manage claim processing needs associated with healthcare programs and disaster relief assistance.

Watch a video to learn how Flexi is uniquely designed to help insurance companies manage complex regulatory requirements and adapt to changing market demands.

Flexi’s insurance accounting software capabilities

Flexi’s insurance accounting software offers the following capabilities and benefits:

  • Statutory set of books
  • Departmental P&Ls
  • Claim payments and draft
  • Premiums recognition
  • Detailed record of billings
  • Chart of Accounts Master
  • 1099 processing
  • Powerful allocations

Flexible software

Flexi is aptly named for its flexible software capabilities. Flexi’s open architecture allows flexibility to choose stand-alone modules as business needs dictate. But insurance companies will gain the ultimate speed and power with Flexi’s financial management software platform, uniquely designed to allow financial data to flow securely wherever it is needed.

Additionally, Flexi software does so much more:

  • Additional automation provides better security, more internal controls, and less risk of human error
  • Stronger reporting, including ability to facilitate the creation of statutory reports
  • Ability to quickly adapt for ever-changing compliance requirements
  • Simplified multi-book accounting enables users to track GAAP, statutory, and adjust simultaneously
  • Provide better security, more internal controls, less manual intervention, and stronger reporting for maintaining compliance requirements

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.

Faster Period Close

Faster Period Close Is Important – Here’s Why Flexi Software Is Up to the Task

Closing the books faster is a permanent goal in the accounting sphere, but a successful close can’t just be fast–it also needs to be reliable and accurate. Flexi’s 25+ year history is rooted in serving industries where the need for security, performance, and speed are paramount —particularly the need for a faster period close.

Flexi’s robust accounting software is uniquely designed to enable a continuous close process, even in the most challenging environments:

  • Real-time financial data
  • Multi-entity consolidations
  • Real-time, consolidated financial reporting
  • Detailed drill down capability to simplify audit and compliance
  • Multi-currency conversions

Flexi customers gain the ability to move seamlessly through the entire close process—soft close, adjustment period, and final close—with time to spare (and a lot less stress along the way).

Close the books quickly—and accurately

Unlike other accounting systems, Flexi was purposefully built to enable a faster period close, with every step of the process carefully designed within one single platform. This seamless integration of native apps allows real-time financial data to easily flow, wherever it is needed.

This design delivers superior speed and accuracy, ensuring a smooth progression through soft close to final close, with the ability to answer all the auditor’s questions before, during and after.

With Flexi cloud-based software, the following can be accomplished with ease:

  • 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 thousands of reports with complete confidence

Provide answers to all the auditor’s questions

Learn more about the many benefits you’ll experience with Flexi’s financial management software, saving your organization time, money, and stress.

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.

Process-Driven Financial Management Software

Why Having a Process Driven Accounting Software is Important

Flexi offers process-driven financial management software. Flexi’s comprehensive financial management software simplifies and automates the entire accounting workflow process, without compromising security. Flexi’s open architecture meets even the most stringent security requirements yet allows data to flow seamlessly with any system, whenever and wherever business needs dictate.

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.

Process-Driven Financial Management Software:

Built by Accountants, for Accountants

Flexi’s powerful accounting software was built to simplify the complex processes that accountants face every day. Flexi understands how stressful the period close is, how complicated multi-entity books can be, and how frustrating audits are when accurate reporting is not easily available.

The team at Flexi scrutinized every step of the process and developed accounting solutions with a sophisticated level of financial intelligence built into every module, designed to simplify every step of the process.

Flexi’s single platform is designed to allow data to flow seamlessly; integrated from one process to the next (illustrated here). So when it comes time to close the books, you have the data at your fingertips to move easily from soft close, period close, and handle all the auditor’s questions along the way.

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.

Banks & Financial Institutions

Why Banks & Financial Institutions Love Using Flexi for their Accounting Software

Many financial institutions feel stuck with software that’s not ideal for accounting. But Flexi works with your bank’s existing system to make it better, making it a top choice for banks and financial institutions. Whatever level of pain you’re experiencing with your accounting system, Flexi can alleviate with flexible banking accounting software.

you’ll agree that “good enough” is never enough for financials!

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 a 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

Integration That Improves Any Bank’s Accounting Software

Flexi’s open architecture allows you to choose the software that is right for your bank. We can integrate stand-alone modules like the 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.

Benefits

Use of Flexi’s accounting software for your bank or financial institution will entitle your organization to these benefits, among many more:

  1. Continuous Close Capability
  2. Automated, Workflow-Driven Processes
  3. Multi-Entity Financial Management
  4. Real-Time Visibility
  5. Complete Audit Trail and Compliance Documentation
  6. Streamlined Reporting with Flexi’s Cloud Financial Report Writer

Flexi’s Suite of Accounting Solutions

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.