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 of the Currency (OCC), the Federal Reserve, and the FDIC keep a close watch on regulation and compliance.
Additionally, because consolidations are taking place to leverage larger economies of scale in banking operations, it is imperative for banks and credit unions to improve operations and increase efficiencies when processing large numbers of transactions and financial reports on a daily basis.
It is vital that the accounting solutions used by financial institutions are built to handle these stringent requirements. Flexi’s accounting software does the following to streamline workflow for banks and credit unions:
Financial statements produced through this software can be provided for any time period, entity, or balance type in either real-time or average daily balances. Additionally, the reporting tools are flexible and easy to us, helping you drill down into all of the details.
The banks and credit unions accounting software from Flexi allows you to institute rules to enable unlimited consolidations and intercompany transactions, including your non-banking entities.
The banks and credit unions accounting software offers a fully-integrated suite of applications that includes general ledger, accounts payable, fixed asset, purchasing, as well as capital projects.
The accounts payable workflow is easily streamlined with Flexi:
- Reduce Paper – eliminate walls of file cabinets and stacks of receipts by leveraging Flexi’s paperless workflow technology.
- Gain Efficiency – streamline the AP process by reducing time-consuming, error-prone manual processes, and turning them into “touch-it-once” automated events.
- Control Expenses – ensure that invoices follow the proper approval channels, and are paid in a timely manner with electronic approval workflows.
- Visibility and Transparency – provide secure access for staff to see approval history and original invoice images from a web browser.
Integration is a breeze: it’s possible to seamlessly integrate Flexi accounting software solutions to your core banking system.
The bottom line
Flexi solutions enable your organization to successfully compete in the dynamic banking and credit union markets. Automate and streamline your financial processes with the tools and controls to support complex regulatory requirements and changing market demands.
To learn more about Flexi’s dynamic product offerings, click here. Flexi’s 25 years of experience enables your business to increase productivity, reduce costs, and streamline workflows.