6 Key Benefits of Accounting Automation in Insurance The insurance industry is one of the most regulated industries in the world. Insurance companies must comply with a range of regulatory requirements, including financial reporting, tax compliance, and risk management. From policy management and underwriting to claims processing and financial reporting, insurance companies face numerous accounting…
Top 8 Benefits of Cloud Accounting Software While Flexi’s accounting software can be deployed in the cloud or on-premises, there are many benefits of cloud accounting software like Flexicloud®, including those below. These benefits also translate into a lower total cost of ownership (TCO) for companies. Accessibility: Cloud accounting software can be accessed from anywhere…
How Accounting Can Reduce Risk for Banks As we continue to witness the ripple effects from the collapse of banks including Silicon Valley Bank, Signature Bank, and First Republic Bank, we can’t help but take on the role of armchair quarterback and wonder how these crises can be prevented in the future. Since Flexi’s roots…
Automating Multi-Entity Accounting For companies with a single entity, accounting is very straightforward. Information is collected, transactions are recorded, financial information is reported, and decisions are made based on that information. However, in multi-entity companies, accounting is much more complex. When multiple subsidiaries, operations, or locations are involved, the ability to consolidate all the information…
Biggest Challenges for Accountants Today Within every industry, corporate accountants are facing rapidly changing business environments. This requires agility to adapt quickly to new technologies, regulations, and market conditions. Below are five of the most significant challenges facing today’s corporate accountants, and how Flexi helps our customers overcome them. Technology disruption: Technology is rapidly changing…
Continuous Close: The Move to Real-Time Accounting Gone are the days of waiting for month-end numbers. Accounting Today sums it up: it is no longer “business as usual,” it is “business now.” As companies adopt this new sense of urgency, there is a growing realization of the important benefits to be gained from a continuous…
2022 Top Accounting Challenges for Corporate Accountants With no thanks to the pandemic, accounting departments everywhere have been forced to adopt new ways of thinking and working. To understand how the industry is being impacted, we interviewed accounting professionals and executives to identify their top accounting challenges. The data we’ve collected in 2021 sets the…
In part 1 of our ongoing Flexi Education Series, we sit down and talk to Schuyler Ryan CPA, AIAF – Assistant Vice President, Finance at Union Mutual Marc Meyer: Hi Schuyler thanks for jumping on a quick call to talk about all-things insurance and accounting. You ready to do this? Schuyler Ryan: I am! MM:…
In Part III of our ongoing Flexi Education Series, we sit down and talk to Natalie Roberts Vice President – Accounting, Controller from Medical Mutual Marc Meyer: Hi Natalie. Thanks for jumping on and agreeing to do this interview. Natalie Roberts: No problem. MM: Natalie, let’s just get right to it. What do you see…
Download Infographic At Flexi Software, March is more than just Madness, it’s also Metrics Matter Month! What metrics are we focusing on? AI and automation to be specific. To be even more specific, we’re talking about how the two are going to impact the accounting industry. Let’s just get this out of the way. It’s…
In Part II of our ongoing Flexi Education Series, we sit down and talk to Michelle Lucero, Senior Accountant at New Mexico Mutual Marc Meyer: Hi Michelle, thanks for taking the time to talk all things insurance and accounting, I really appreciate it. Michelle Lucero: No problem MM: How long have you been working at…