Multi-Entity Accounting
STREAMLINED CONSOLIDATIONS AND CONTINUOUS CLOSE
Robust Features Designed for Multi-Entity Accounting
Consolidating multiple companies, products and/or divisions can add weeks of time to the financial close process, but that doesn’t need to be the case. Flexi’s software was built to perform, saving accounting teams weeks of time in these industries and many more, where the challenges of multi-entity accounting typically slow down the financial close:
- Financial services
- Hospitality
- Franchisees
- Logistics and transportation
- Property management
- Building and construction
If your accounting demands include the need to quickly roll up reports or consolidate financials across multiple entities, you will love the time-saving features that only Flexi provides.
Flexi is Multi-Everything
From our beginnings, Flexi’s accounting software was designed to support high-volume processing and the toughest challenges of multi-entity enterprises, with extreme flexibility not typically found in enterprise solutions. You’ll gain all the robust features of a true enterprise solution but without the rigidity or relentless push for excessive maintenance or consulting fees.
- Multi-company consolidations
- Multi-book accounting
- Multi-currencies
- Multiple deployment options (cloud, on-premises or hybrid)
- Multiple database compatability
MULTI-ENTITY ACCOUNTING
Flexibility Without Limits
The ability to greatly simplify multi-entity accounting with continually evolving technology is just one of the reasons why enterprises have relied on Flexi for 30 years. Our accounting software is uniquely designed to streamline the complex consolidation and reporting needs when multiple companies, divisions or global entities are involved.
Multi-Entity Consolidations
Continuous close capabilities allow the CFO to gain immediate views of consolidated financials and easily move through the soft close and period close processes.
Intercompany Postings
Automatically post a transaction across multiple entities in a single screen, ensuring books for both “due to” and “due from” are always in balance.
Acquisitions
New acquisitions can be integrated faster with Flexi’s multi-tenant architecture and ability to rapidly clone company setups. Flexi is built to easily adapt to change.
Multiple Currencies
When global operations are involved, financials can be easily viewed in local currency for field operations, or standardized into a single currency for headquarters purposes.
Reporting and Analysis
Real-time data with instant roll-up reporting and consolidations ensures that business decisions are always based on accurate, current data.
Auditing
With our tightly integrated platform, all transactional data, along with workflow documentation and approvals, are visible with a click of a button – right down to the journal entries.
Multi-Entity Accounting Case Study
With over 4,500 employees and 8,000 independent agents, the accounting environment for Mercury Insurance Group is very complex. See how Flexi’s accounting software simplifies multi-entity accounting and makes it easier to adapt to changes from regulatory or M&A activity.
Enterprise-Strength Accounting Software
For three decades, Flexi’s accounting software has been put to the test in the most challenging environments where performance, security and speed are paramount. We bring a unique combination of a true enterprise solution with the built-in flexibility to adapt to any accounting environment.
Superior Speed and Security
Financial institutions process billions of global transactions quickly, convert multi-currencies, and close books every morning.
Daily Close and Cost Reductions
Daily close capabilities enables multi-entity with 8,000 units to reduce costs 30% and close books 70% faster than industry average.
Reliability and Precision
Hundreds of insurers and thousands of agents and brokers rely on Flexi to process claims quickly, with precision.