Posts tagged with "accounting software"

Outsource Accounting Partner

Cloud Accounting Set to Experience Highest Growth in Coming Years

Cloud accounting has experienced rapid growth in recent years, with the height of the growth still to come, according to the Cloud Accounting Software Market research report by Market Study Report, LLC. 

The report analyzes pivotal insights regarding market size, competitive spectrum, contender share, consumption trends, and geographical outlook. The report also explores key drivers and challenges, as well as strategies adopted by distinguished players in the industry. 

The report foresees cloud accounting software market growth for an estimated period, as well as delivers in-depth analysis on the industry, including market tendencies, deliverables, market share, current valuation, market size, and profit approximations during that timeline.

Key components of the report include: turnover predictions, recent market trends, industry drivers, key challenges, consumption growth rate, competitive framework, competitive ranking analysis, market concentration rate analysis, market concentration ratio, geographical dissection, latent market competitors, and value growth rate. 

This report puts data and analysis around a widely accepted notion: the cloud is the future. With user-friendly interfaces, automation, ease of access, and high security measures, it’s evident that cloud-based accounting solutions can offer more, and faster, than traditional, locally installed solutions. 

Still, many finance teams are wary, opting for more conservative measures than a cloud-based solution, citing potential security breaches and challenges integrating with an existing general ledger. Even still, the Cloud Accounting Software Market research report points to one truth: the cloud software market is all but slowing down.

Request a sample of the report to dive deeper, and explore similar reports, too.

Flexi can help when you’re ready to make the switch

Making an investment in a new software is a nerve wracking, albeit necessary, step. Flexi draws upon 25+ years to deliver all the benefits of the cloud without compromising security or performance.

Trusted by enterprises for 25+ years, Flexi is among the most experienced accounting software providers in both the cloud and on-premise markets. Organizations of all sizes, particularly those with complex accounting requirements such as multi-entity and intercompany accounting needs, are benefiting from Flexi’s value: rich features, flexible deployment, easily customized, low maintenance, and highly rated support, all at an attractive total cost of ownership. 

Submit your information and get a demo of the Flexi suite today. 

Category: Accounting Software

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Good Enterprise Accounting Software

5 Things That Can Derail Enterprise Accounting That Good Software Can Prevent

Keeping tabs on large organizations, multiple entities, different currencies, different systems, and other complex accounting needs can be very challenging. It is difficult to consolidate and analyze all of that information using standard accounting software. Enterprise accounting software serves to address the unique needs of these types of organizations. 

What is Enterprise Accounting Software?

Enterprise accounting software allows an organization to manage transactions and data, going above and beyond core accounting processes by providing modules specific to billing and payroll, accounts receivable, accounts payable, and general ledger. 

Benefits of enterprise software include streamlined processes, automation, cross-departmental collaboration, and visibility. 

Enterprise software is imperative to addressing issues that can derail complex businesses. Being able to easily navigate the “big picture” and run reports aimed to help you analyze your growing business’s needs is critical.

The top 5 things to keep an eye on are:

  1. Integrated modules. Integration is of the utmost important, even if the modules happen to be sold separately. A unified platform will make your business run smoothly and will make visualizing the big picture easier than ever. 
  2. Customization features. Each organization has different needs, so choosing a solution that will give you some wiggle room to specifically tailor your software to your unique needs is extremely important. 
  3. Security. Backups, encryption, and user-specific permissions are important, especially for cloud-based enterprise accounting software solutions.
  4. User-friendliness. A user-friendly interface is integral when you are switching to a new accounting system that you want your employees to adopt.
  5. Access. The cloud provides access to any device with an internet connection, which is ideal for most of today’s business scenarios where employees are remote, traveling, or inclement weather keeps them home. 

Flexi addresses your enterprise needs

Flexi delivers everything that an enterprise needs to automate accounting and dramatically improve workflow processes. Flexi’s finance and accounting software offers extreme flexibility:

  • Connects with any GL or subledger, resulting in easy consolidations from multiple systems
  • Deployed in any way needed: on premise, hosted, cloud, or hybrid environments
  • Workflow processes are easily defined and set up any way needed
  • Reports are easily set up, generated, and shared with anyone who needs them
  • Open SOA architecture is designed to seamlessly integrate with any system
  • Simple interface allows for user-defined setup of all these parameters and more, without the need for IT programming

 

Submit your information and get a demo of the Flexi suite today.

Category: Accounting Software

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Organization Accounting Software

How To Get Your Organization to Want a New Accounting Software

Implementing new technology solutions is tough, especially in large or high-growth organizations. In larger companies, different divisions often use their own specific platforms for accounting, data reporting, and more, but all the systems need to integrate for the sake of better decision making. They often don’t–or not very well, at least–leading to manual processes and bandaid solutions that quite honestly make everyone’s lives harder.

Before even getting to that point, just getting everyone’s buy-in to embrace change can be challenging in and of itself. It’s not unusual for the switch to take a couple of years, and in the early stages, people hold on tight to old, often manual, processes. Ultimately the switch to the new solution is usually a positive and efficient one, but it takes time. 

How do you get your team’s buy-in? Consider the following:

Define timelines

It can take 9-12 months to roll out a new solution organization-wide. It seems like a long time, and it’s important to set expectations early and often. If you don’t plan for enough time, there will be lots of false starts and delays, which frustrate everybody–especially the executives. Rushing it and getting it wrong is far worse than taking your time to get it right. Make sure everyone is in agreement on that.

Prioritize reporting needs

Virtually every department will have their own reporting needs. Fortunately, most newer solutions offer custom reporting. During the testing phase, make sure stakeholders have the opportunity to test out the reporting feature to ensure that the solution can provide customizable, easily formatted reports that fit the needs of the masses.

Reward small victories

It is no doubt a frustrating process to roll out a new accounting software that changes processes and workflows from the ground up. To keep your team positive and engaged, reward small victories and incentivize along the way. The day to day will feel tedious, but reminding everyone what you’re working towards is a helpful tip. Celebrate wins, even small ones.

Consider ROI

This is arguably the most important point. Lean on your network to prove your chosen solution’s ROI. Your executive team won’t approve a change if it isn’t going to be good for the bottom line. Additionally, the vendor should be proving ROI in the way of case studies and reports. Poke holes and ask questions to get to the heart of the matter.

Choose a solid solution, like Flexi

Flexi may be the biggest, most trusted accounting software company you’ve never heard of – which means its  partner network is doing its job. While Flexi sells directly to customers, its software is also private labeled throughout the world by companies such as Allscripts, StoneRiver, Majesco, and Molina Healthcare (formerly a division of Unisys).

Flexi’s reach is further strengthened through strategic partnerships with BPOs (business process outsourcing), FAOs (finance and accounting outsourcing), and industry-specific technology providers like Acturis. Submit your information and get a demo of the Flexi suite today. 

 

 

 

Category: Accounting Software

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enterprise-accounting

What Is Enterprise Accounting Software and And Why Do You Need It?

Enterprise accounting software is software that allows an organization to keep tabs on financial transactions and data. However, enterprise accounting software goes above and beyond the core accounting processes. Enterprise accounting software comprises modules specific to billing and payroll, accounts receivable, accounts payable, general ledger, and more. Historically it has been a solution that was installed locally, but cloud-based solutions are increasingly available that tailor specific to enterprise business. 

Some of enterprise accounting software’s main functions include:

      Benefits of using enterprise-specific accounting software include automation, visibility, cross-departmental collaboration, and streamlined processes. Enterprise accounting is thus prepared to address the top three concerns of CFOs, including developing talent in the finance organization, providing inputs into enterprise strategy, and measuring/monitoring business performance.

      When shopping for an enterprise accounting software solution, there are many things to consider, including:

      1. Ease of use: A user-friendly interface is paramount when you are switching to a new accounting system that you want your employees to adopt.
      2. Security: Backups, encryption, and user-specific permissions are important, especially for cloud-based enterprise accounting software solutions.
      3. Mobile access: The cloud affords access to any device with an internet connection, which is ideal for most of today’s business scenarios where employees are remote, traveling, or inclement weather keeps them home. 
      4. Customization: Each organization has different needs, so choosing a solution that will give you some wiggle room to specifically tailor your software to your unique needs is extremely important. 
      5. Integrated modules: Integration is of the utmost important, even if the modules happen to be sold separately. A unified platform will make your business run smoothly.

      Flexi for your enterprise needs.

      Flexi delivers everything that an enterprise needs to automate accounting and dramatically improve workflow processes. Flexi’s  finance and accounting software offers extreme flexibility:

      • Connects with any GL or subledger, resulting in easy consolidations from multiple systems
      • Deployed in any way needed: on premise, hosted, cloud, or hybrid environments
      • Workflow processes are easily defined and set up any way needed
      • Reports are easily set up, generated, and shared with anyone who needs them
      • Open SOA architecture is designed to seamlessly integrate with any system
      • Simple interface allows for user-defined setup of all these parameters and more, without the need for IT programming

      Submit your information and get a demo of the Flexi suite today. 

       

      Category: Accounting Software

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      accounting enterprise

      Flexi’s Enterprise Accounting Software Offers a Suite of Features

      Flexi’s powerful accounting software was built to simplify the complex processes that accountants face every day. Flexi understands how stressful the period close is, how complicated multi-entity books can be, and how frustrating audits are when accurate reporting is not easily available.

      A laser focus on finance and accounting software has enabled the Flexi team to scrutinize every step of the accounting process and develop a solution designed to simplify every task. This “process-driven” approach delivers tremendous benefits to finance teams, including a faster, more accurate financial close.

      Flexi’s comprehensive software suite is a tremendous value, providing top-tier functionality at a mid-tier price. If the full benefits of workflow automation are not desired, Flexi’s individual modules can also be deployed separately.

      FlexiFinancials

      It starts with a strong core financial management system–one that’s been continually refined for 25+ years based on input from accountants and CFOs. Key functionality found in Flexi’s core solution includes:

      Flexi Workflow

      Flexi’s core accounting modules are great on their own, but the powerful workflow engine makes them work even better…together. With FlexiWorkflow you can engage users throughout any department to automate their part of the accounting process, from simple tasks to complex business operations, all based on business rules.

      • Automate time-consuming manual tasks
      • Decrease costly mistakes and human error
      • Dramatically increase productivity

      Additional Applications

      Flexi’s expanded eSuite applications serve to further automate accounting processes, reducing paper, human error, and the high costs associated with each.

      Other admin and control options are available, including consulting services and APIs for easy integrations.

      Flexi delivers everything that an enterprise needs to automate accounting and dramatically improve workflow processes. Flexi’s  finance and accounting software offers extreme flexibility:

      • Connects with any GL or subledger, resulting in easy consolidations from multiple systems
      • Deployed in any way needed: on premise, hosted, cloud, or hybrid environments
      • Workflow processes are easily defined and set up any way needed
      • Reports are easily set up, generated, and shared with anyone who needs them
      • Open SOA architecture is designed to seamlessly integrate with any system
      • Simple interface allows for user-defined setup of all these parameters and more, without the need for IT programming

      Submit your information and get a demo of the Flexi suite today.

       

      Category: Accounting Software

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      Flexible Accounting Software

      Why our Flexible Accounting Software is Built for the Enterprise

      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 functions for enterprise accounting:

      • It connects with any GL or sub ledger, resulting in easy consolidations from multiple systems.
      • It can be deployed in any way needed: on premise, hosted, cloud, or hybrid environments.
      • Workflow processes are easily defined and set up any way needed.
      • Reports are easily set up, generated, and shared with anyone who needs them.
      • Open SOA architecture is designed to seamlessly integrate with any system.
      • Flexi’s simple interface allows for user-defined setup of all these parameters and more, without the need for IT programming.

      Flexi’s powerful accounting software was built to simplify the complex processes that accountants face every day. Flexi understands how stressful the period close is, how complicated multi-entity books can be, and how frustrating audits are when accurate reporting is not easily available.

      The team at Flexi scrutinized every step of the process and developed accounting solutions with a sophisticated level of financial intelligence built into every module, designed to simplify every step of the process.

      Flexi’s single platform is designed to allow data to flow seamlessly; integrated from one process to the next. So when it comes time to close the books, you have the data at your fingertips to move easily from soft close, period close, and handle all the auditor’s questions along the way.

      Flexi for the enterprise

      Flexi offers FlexiFinancials, Flexi Workflow, and a number of other applications to help manage your enterprise’s accounting needs.

      FlexiFinancials, the strong core financial management system, has been continually refined for 25+ years based on valuable input from accountants and CFOs. With the added power of the Flexi Workflow worfklow engine, managing the accounting of your business has never been easier. You can even add additional value and further automate by using the expanded eSuite and additional applications.

      To date, Flexi has 20,000+ users. Flexi’s automated software is process-driven and can help you and your business save–and repurpose–your time.

      Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

      Category: Blog

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      Enterprise Accounting Software - Features

      Enterprise Accounting Software – Features That Make One Better Than the Other

      Flexi creates forward-thinking accounting software with the enterprise in mind.

      Flexi’s open architecture ensures that your finance and accounting software is ready to grow with your changing business needs.

      Features that make Flexi so ideal for enterprise accounting include:

      • Business growth. Some of the toughest accounting challenges involve the close, consolidation, and reporting for multi-entities, multiple currencies, or acquisition activity that requires the consolidation of diverse financial systems. With Flexi you can handle it all with ease and confidence.
      • Integration, now and later. Flexi understands that your accounting system is at the heart of your entire business operation. This financial data needs to integrate with new software and applications that evolve, and Flexi’s open API architecture provides that flexibility.
      • Further automation. Accounting is moving toward automation. In fact, Deloitte and others refer to the future of ‘finance factories.’ Flexi is a trusted partner dedicated to helping customers safely transition with accounting software that will grow with you, as business needs dictate.
      • Remain competitive. Flexi helps you stay competitive with the accounting tools and controls needed to proactively adapt to changing regulatory and market demands. With Flexi, you can spend less time chasing lagging data and more time contributing key insights to business decisions.

       

      Flexi solutions help enterprises…

      1. Improve Business Performance
      2. Reduce Expenses
      3. Enable Collaboration
      4. Increase Security
      5. Share Information
      6. Are Proactive
      7. Increase Confidence
      8. Gain Flexibility
      9. Eliminate Unnecessary Expenses
      10. Enforce Payment Discipline
      11. Bill Promptly
      12. Increase Efficiency
      13. Streamline Performance
      14. Simplify Distribution

      Read more ways that Flexi solutions work with enterprises as a one-stop shop.

      Flexi offers a full suite of products to help your accounting staff perform and deliver–and save time while doing it.

      With Flexi, you can streamline and automate labor-intensive financial management functions using accounts payable, general ledger, project management, and fixed asset solutions.

      Flexi is an industry leader for a reason. With expertise in all aspects of accounting and 25 years experience, the Flexi team can offer the best of the best. Even better, Flexi offers cloud-based web services that not only streamline processes, but also make data accessible 24/7 from any device with an internet connection. Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

      Category: Blog

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      Unbeatable Accounting Software

      6 Reasons Why Flexi is an Unbeatable Accounting Software

      Through a secure, enterprise platform, 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—and more time being strategic and proactive.

      With Flexi, you won’t be stuck with a costly system that leaves you unable to adapt to changing market or business needs. As the name implies, Flexi offers extreme flexibility in every way. From deployment options, implementation and setup of business rules, to integrations with other systems, Flexi has got you covered.

      6 Reasons Why Flexi is an Unbeatable Accounting Software

      1. Continuous Close Capability – Flexi gives you the ability to conduct preliminary ‘soft close’ periods at any time, while the system continues to account for financial transactions in the meantime. You’ll have plenty of time to review and adjust financials in preparation for your hard close deadlines, with complete confidence in the accuracy of your reports.
      2. Automated, Workflow-Driven Processes – Flexi’s powerful workflow engine mirrors your accounting processes electronically. Based on your business rules, tasks can be automated – saving time and removing the risk of costly mistakes. You remain in control with a complete archive – all available 24/7 from anywhere, through any device.
      3. Multi-Entity Financial Management – Consolidating multiple general ledgers, company/franchise financial statements, and/or multiple currencies can easily consume days or weeks of time. Flexi simplifies even the most complex accounting environments and easily converts all of this disparate data into standardized, board-ready reports almost instantaneously. Learn more about Flexi’s multi–entity financial management  capabilities.
      4. Real-Time Visibility – View, analyze and report real-time financial data, ensuring business decisions are always based on accurate, timely data. With Flexi, you’ll have everything you need at your fingertips to visualize your financial position and make real-time business decisions.
      5. Complete Audit Trail and Compliance Documentation Flexi provides immediate access to all details behind a transaction. Because each accounting module is part of the same system (including Flexi’s general ledger), you can easily drill down into all transactions and trace all the way back to the original journal entries, including a visual map of the workflow and approvals.
      6. Streamlined Reporting with Flexi’s Cloud Financial Report Writer – Flexi’s proprietary cloud financial reporting software will make you look good every time. Easily generate perfectly formatted reports and distribute the right data to the right people – even for complex multi-national companies. Reports can be shared in Excel or web-based format and accessed anytime, through any device.

      Flexi

      Flexi offers a full suite of products to help your accounting staff perform and deliver–and save time while doing it.

      With Flexi, you can streamline and automate labor-intensive financial management functions using accounts payable, general ledger, project management, and fixed asset solutions.

      Flexi is an industry leader for a reason. With expertise in all aspects of accounting and 25 years experience, the Flexi team can offer the best of the best. Even better, Flexi offers cloud-based web services that not only streamline processes, but also make data accessible 24/7 from any device with an internet connection.

      Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

      Category: Blog

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      Wrong Accounting Software

      How the Wrong Accounting Software Can Cost Companies Millions

      Choosing the right accounting software is important investment for any company, but choosing the wrong software can be extremely costly. This is not a decision to take lightly, and it requires due diligence and extensive research.

      Traditional accounting solutions are becoming increasingly obsolete as the industry makes way for more accessible cloud-based solutions. The cloud offers the same perks of traditional accounting solutions, except faster, more secure, and more accessible.

      What’s in the best accounting software?

      Today’s most valuable accounting software solutions provide end users with more free time to do the things that really matter—like analysis. Accountants are steadily moving towards more strategy-driven advisory services, winning more business and taking on more clients than ever before. But with the wrong software solution, there won’t be any free time for advisory services or additional clientele. In fact, those accountants are likely to lose existing business to the more progressive financial leaders who are embracing the cloud and ramping up their portfolio of offerings.

      The best accounting software should allow your team to:

      • Close the books faster
      • Automate accounting processes
      • Simplify multi-entity accounting
      • Gain real-time visibility
      • Simplify audit and compliance
      • Streamline financial reporting
      • …and so much more

      A lack of automation, accessibility, and easier reporting functions quickly costs company dollars.

      How can Flexi help

      Through a secure, enterprise platform, Flexi automates the entire accounting workflow process and delivers ROI in months—not years. As a result, your finance team can spend far less time on the close, consolidation,and reporting processes, and more time being strategic and proactive. Depending on the size of your organization, this could save you thousands—if not millions.

      With Flexi, you won’t be stuck with a costly system that leaves you unable to adapt to changing market or business needs. Instead, Flexi offers extreme flexibility in every way. From deployment options, implementation, and setup of business rules, to integrations with other systems, Flexi’s got you covered.

      The bottom line

      Flexi delivers all the rich features you’d expect in a top tier accounting solution, but without the high cost. With quick implementation that can be deployed on-premises, in the cloud or in a hybrid environment, Flexi will not only simplify your accounting processes today, but also will have you ready to adapt quickly to market or business changes in your future.

      Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.

      Category: Blog

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