Service Organization Control (SOC) compliance has been a buzzword in the finance space since SOC reports were first introduced in 2011. There are currently three types of SOC reports: SOC 1, SOC 2, and SOC 3. SOC 1 reports deal with financial transactions. SOC 2 reports deal with technology and cloud computing entities, and will…
A general ledger (GL) is a master document that provides a record of your business’s financial transactions. A strong GL is important in the banking industry, but all too often it is not prioritized and is thus left as an afterthought. Your GL is the backbone of your accounting processes. Ideally, your GL should integrate…
A debate about the frequency in which public companies should be legally responsible for providing financial reports has been sparked by a recent tweet made by President Donald Trump. In mid-August, the president tweeted a proposal to reduce the frequency that public companies must provide financial reports. Currently these reports are legally required quarterly, a…
Are robots posed to take accounting jobs? No, not exactly. But kind of. Science fiction would have you believe that the human race is on track to be replaced by robots in the near future, but while advances in technology are increasing artificial intelligence (AI) and automation, the likelihood of robotic replacement is slim. There…
Check out Flexi at this years Symitar Annual Conference. We’ll be at booth 913 so if you want to stop by and say hello we’ll be here! In the meantime, if your curious as to why Flexi is used by thousands of companies for over thirty years, look no further than the fact that our…
New accounting rules as of December are changing how companies account for revenue from services and sales. These changes were in the works for over a decade and situate the U.S. closer to international guidelines. For multi-entity and especially international companies, these changes can only benefit the bottom line and simplify accounting processes. The new…
As technology improves, it has become increasingly clear that automation can effectively replace certain roles and tasks in the workplace, though while some fear a robotic revolution rendering human employees obsolete, it’s not likely. Robotic process automation in accounting Auditing has been a distinctly manual process–until recently. Artificial Intelligence (AI) and robotic process automation (RPA)…
Flexi provides a secure enterprise accounting platform that automates the entire accounting workflow process and delivers ROI in just months. With Flexi, you will be afforded a flexible solution–one that won’t keep you stuck and unable to adapt to changing market or business needs. Here are the top six important features you need to know…
Flexi has introduced several new accounting partnership strategies. Flexi believes that great partnerships are formed when two companies who are equally committed to success come together to achieve a set of common goals. Flexi’s goal is to deliver exceptional technology that greatly simplifies accounting. Flexi empowers finance teams with the tools they need to get…
Flexi’s FAO accounting solution is jam packed with powerful financial features to help your business succeed. Flexi has been the accounting software of choice for BPOs and FAO solutions around the world for the past 25 years. Flexi understands that every BPO is unique and the Flexi business model provides flexibility to meet your specific…
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, instead focusing their efforts on being proactive and strategic. With Flexi, you won’t be stuck with a costly system that leaves you unable to adapt…
Flexi offers flexible accounting software that is specifically built for the enterprise, making your enterprise-specific quandaries top-of-mind and easily addressed through Flexi solutions. Flexi delivers everything an enterprise needs to automate accounting and dramatically improve workflow processes. Its flexibility is built right into the name Flexi. Among other features, Flexi accounting software performs the following…