INDUSTRIES
Accounting Software Purpose-Built for Insurance Companies
Power to Grow. Flexibility to Adapt. Tailored to Your Needs.
Built for Insurance Accounting. Backed by Industry Expertise
Flexi’s accounting solution is purpose-built to meet the regulatory demands, complex reporting structures, and operational challenges unique to insurance companies. Our team brings deep industry expertise and proven best practices to every phase, from solution design and implementation to long term support. Unlike broad-based vendors stretched across dozens of industries, Flexi’s commitment to insurance accounting is unwavering. Our product is tailored to insurance companies’ unique requirements, and our services and support teams are battle-tested in serving them. Our technology, services, and support are aligned to the evolving needs of insurers. With Flexi, you gain a partner who understands the complexities of your business and delivers the tools and expertise to help streamline processes, reduce risk, and optimize your accounting operations for compliance, efficiency, and scale.
FEATURES
Built for the Way Insurance Companies Operate
Flexi’s accounting platform goes beyond basic functionality to meet the specific needs of insurance companies. Yes, we offer all the enterprise-grade essentials like a powerful general ledger, workflow automation, and real-time financial reporting. However, what truly sets Flexi apart is how deeply our technology is tailored to support insurance workflows, compliance requirements, and financial complexity – backed by a team of experts who understand the unique challenges of the insurance industry. With Flexi, you get both the power of advanced technology and the confidence of working with people who know your world inside and out.
Explore the features below, purpose-built to help insurance companies operate more efficiently, stay audit-ready, and scale with confidence.
Statutory Compliance with Flexible Multi-Book Accounting
Support statutory, GAAP, IFRS, and internal reporting requirements with flexible multi-basis ledger capabilities. Capture a single transaction and post it across multiple books simultaneously, eliminating redundant entries and ensuring consistent, compliant financial reporting. Maintain full visibility and control across all reporting bases, while streamlining processes for statutory filings and internal analysis.
Multi-Entity Consolidations
Seamlessly consolidate multiple general ledgers, financial statements, and lines of business into standardized reports. Flexi makes it easy for insurance providers to manage complex entity structures while maintaining accuracy and control across the organization.
Compliance and Audit Controls
Simplify audits and strengthen compliance with complete transaction-level visibility across financial, policy, and claims data. Drill down to the source journal entry, view associated policy or claims information, and access a full visual audit trail of all approvals. Ensure transparency, accuracy, and audit readiness across every accounting and operational workflow.
Financial and Regulatory Reporting for Smarter Decisions
Deliver fast, accurate financial and regulatory reporting with complete flexibility to analyze and slice data across entities, lines of business, states, policies, claims, reinsurance, and investments. Quickly generate the statutory financials required for compliance, freeing teams to spend more time analyzing insights rather than building reports. Empower leadership with timely, detailed insights for smarter, data-driven business decisions.
Seamless Insurance Platform Integrations
Streamlined data flow between accounting systems and key insurance platforms like policy administration, claims, statutory reporting, and premium billing. Automatically turn business events from operational systems into financial transactions without manual intervention. Capture policy and claims-level data directly into the general ledger, creating a unified, real-time financial view that drives faster, more accurate reporting and decision-making.
Chart of Accounts Flexibility for Statutory Reporting
Streamline statutory reporting with a highly flexible Chart of Accounts (COA) structure built to handle the complexities of insurance accounting. Easily track critical attributes like Line of Business, State, Accident Year, Treaty Year, Category, and policy or claims-level details. Flexi’s deep insurance expertise ensures best-practice COA design to minimize manual work, increase reporting accuracy, and support evolving business and regulatory needs.
Reinsurance Pooling with Automated Allocation Engine
Automate the calculation of ceded premium written and assumed premiums written with a powerful, built-in waterfall allocation engine. Eliminate manual calculations and reduce the risk of errors by standardizing reinsurance pooling across lines of business. Ensure accuracy, consistency, and compliance with every reporting cycle.
AI-Driven Reconciliations That Simplify Period Close
Shift from month-end to daily reconciliations and dramatically reduce the workload at period close. Flexi’s AI-powered engine automatically matches and clears transactions in real-time, flagging only the minimal exceptions that require manual review. Speed up the close process, improve accuracy, and ensure financials are always audit-ready.
Automated Accounts Payable Workflows
Automate the entire invoice lifecycle with built-in workflows that streamline approvals, posting, and expense distribution across Chart of Accounts (COA) structures. Reduce manual effort, strengthen financial controls, and accelerate processing speed, while ensuring expenses are accurately tracked across every business segment.
Claims Payment Processing
Simplify claims disbursements with built-in tools that ensure accurate, timely payments when operational systems fall short. Maintain financial control, reduce manual effort and improve visibility into claims activity.
Automation That Eliminates Manual Work
Replace complex spreadsheets and error-prone manual processes with automation built for insurance accounting. Eliminate inefficiencies tied to reinsurance pooling, DAC, IBNR bookings, and non-admitted assessment adjustments. By automating critical yet time-consuming tasks, finance teams can accelerate close cycles, improve auditability, and ensure more accurate, reliable financials across the board.
Expert-Let Implementation and Insurance-Specific Support
Benefit from a tailored implementation process guided by professionals who understand the complexities of insurance accounting. From initial discovery through go-live, our team collaborates closely with each organization to align system configuration with operational goals without overburdening your team. Post-launch, our client success team remains actively engaged, offering deep insurance expertise and ongoing guidance to ensure long-term value and continuous optimization.
case study
Mercury Insurance Group: Accounting Simplified
With over 4,500 employees and 8,000 independent agents, Mercury Insurance Group faced a highly complex accounting environment. Discover how Flexi’s accounting software helped streamline financial close processes and provided the flexibility to adapt quickly to regulatory changes and M&A activity.
integrations
Built to Integrate with the platforms Insurance Providers Depend On
A seamless integration with your billing, policy, and claims systems automates the flow of financial data directly into your accounting platform. Flexi is built with insurance-specific intelligence to support premium recognition, claims payments, and more. This eliminates manual reconciliations, reduces errors, and improves overall efficiency across your finance operations.
See Why Leading Insurance Providers Trust Flexi
With software and support designed specifically for insurance providers, Flexi delivers the tools and expertise to help you succeed.