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…
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Below is an infographic the dives into our flexible accounting software.
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…
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….
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…
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…
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…
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…
Ensuring that your business is financially compliant is incredibly important to your operations, and Flexi’s process-driven accounting software can help keep your company compliant. The importance of compliance In recent years, regulators and lawmakers have enacted a number of regulations to which organizations must comply. Compliance has become increasingly important in an era of increased…
In addition to a direct sales effort, Flexi white labels its solutions with companies such as Allscripts, StoneRiver (formerly Fiserv), MajescoMastek, and Molina Healthcare (formerly a division of Unisys). Flexi.com white label accounting software has the right applications for all accounting tasks. To learn more about our white label program click here. Benefits of white…
Flexi’s accounting software for financial institutions is ideal for streamlining workflow. Flexi produces software specific to banks and credit unions, ensuring that the specific and unique needs that financial institutions have are always top of mind. The banking industry is one of the most regulated industries in the United States. The Office of the Comptroller…