Why Our General Ledger Software Can Save you Precious Time

Closing the books accurately takes time. Fortunately, Flexi General Ledger Software, FlexiLedger®, is designed to save your organization precious time. With features like automation, the FlexiLedger® program can help your organization close the books quickly and accurately, allowing your staff time to focus their efforts on strategy and advisory for current and future clients.

FlexiLedger® is flexible enough to stand-alone and integrate with any third party system, but it is even more powerful within the robust financial management software offered by Flexi. This secure, integrated solution delivers full automation of journal recordings and postings throughout the entire FlexiFinancials suite, including AP, AR, fixed asset spending and tracking, and more.

Unique features of Flexi’s general ledger software include:

  • Real-time financial visibility and reporting
  • Continuous close capability
  • Multi-entity consolidations
  • Multi-currency conversions
  • Detailed drilldown to supporting transactions and documents
  • Superior audit and compliance built-ins

For 25+ years, Flexi’s general ledger software has served industries such as banking, insurance, and healthcare, where superior security, speed, and performance are paramount.

FlexiLedger® is the right software for your organization is you seek to:

  • Consolidate all your company financials in real-time
  • Convert multi-currencies into a common currency
  • Pull data from different GLs into a standard format
  • Generate reports with just a few simple clicks
  • Distribute hundreds or thousands of reports with complete confidence
  • Answers to all the auditor’s questions

Request a demo and see how Flexi can transform your accounting department.

Flexi

Saving time is important when your accounting team is under pressure to perform. 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.

Can a Graduate Degree in Accounting Payoff?

Many working professionals turn to graduate degrees as a method of jumpstarting their careers. Choosing an area of study can be challenging, especially with the price tag of most grad schools. One degree that really provides ROI, however, is the Master of Accounting (MAC).

The Master of Accounting (MAC)

The MAC degree can be completed in just one or two years, meaning the investment of both time and money is minimal compared to other similar graduate degrees. An MBA can take two to three years, or more when the student is only enrolled part-time. Many schools offer the MAC full-time, part-time, or even online—making it easy to fit it into your busy schedule.

Despite the changing role of accountants due to automation and AI in the workplace, the Bureau of Labor Statistics reports that accounting jobs (for all degree levels) will increase by up to 13 percent by 2022. According to Georgetown, the median salary for a MAC degree holder is $91,000, up from a median of $69,000 for holders of bachelor’s degrees.

And as your work experience increases, so does your paycheck. With five years of work experience under your belt, a MAC degree can help push you into a six-figure salary. In fact, a corporate vice president of finance can expect to earn between $200,000 to $390,000, and a chief financial officer can expect to earn up to $480,000.

But what about work/life balance?

Money can be great, but more and more these days, employees are looking for a solid work/life balance and the pursuit of happiness. Fortunately, accountants consistently rank higher in job satisfaction, with 78 percent of polled finance workers satisfied with their jobs according to Hudson Global Inc. And, a survey by Monster.com showed accounting professionals as the second most satisfied with their jobs, edged out only by engineers.

So why are accounting professionals so satisfied? Great pay and excellent job opportunities surely help, but so does the feeling of making a difference and doing work that counts. Accountants keep businesses, and the global economy at large, afloat.

Can Flexi help?

Earning a MAC degree is the first step in a fruitful career in accounting. After that, the sky’s the limit: there are many job opportunities available to graduate level accountants. But school is not the only place accountants learn. On-the-job experience keeps accountants on their toes, and being aware of changing technologies will become increasingly important in the coming years.

Flexi software is a cloud-based solution that can benefit the smartest and busiest accounting professionals. Seamlessly integrate Flexi software to your core system to ensure that financial statements are accurate, consolidations are error-free, and efficient processes are in place. Make sure your business retains visibility and transparency with expenses.

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

How Artificial Intelligence (AI) is Shaping the Accounting Industry

According to a study by Oxford University and Deloitte in 2015, accountants will be among the first professions affected by the rise of artificial intelligence (AI). Up to 95 percent of accountants will face some threat due to the advanced automation capabilities provided by AI. While this is categorized initially as a “threat,” it also opens the door to a new kind of accountant. The modern accountant does much more than crunch numbers. In fact, in the future, AI might do most of the number-crunching. Instead, accountants are moving toward a model of value-added opportunities to offer clients, such as strategy and advisory services.

Robots as partners

Not all human functions can be replicated by robots. Much of the high-volume work can, in fact, be done quickly and accurately by use of a bot. However, a bot cannot be taught judgment or analysis. For these reasons, Sonia Eland of DXC Technology suggests we not perceive bots as a threat, but instead, as a partner. The help of AI can assist humans in doing their jobs more accurately and more efficiently.

Embracing new roles

While the role of the modern accountant is evolving, the time for hesitation is slim. The accountants that will thrive under this new model are the progressive thinkers who are jumping in and finding new ways of being marketable and valuable in a changing workplace. Accounting professionals who embrace this change to advance their individual skills are on track to continue providing value to a profession and an industry that is changing. By freeing up time, accountants can even learn to code. In all, robotic process automation (RPA) is expected to free up the creativity and intellect of accounting professionals.

Flexi and the future

Flexi takes advantage of automation to make the lives of accountants easier. 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. Seamlessly integrate Flexi software to your core system to ensure that financial statements are accurate, consolidations are error-free, and efficient processes are in place. Make sure your business retains visibility and transparency with expenses. AI in Accounting If you’re interested in learning more about AI in accounting download our whitepaper today! Key takeaways include:
  • What exactly is AI in accounting and when will it go mainstream?
  • Use case example and how AI addresses the startling statistic that only 25% of accountants are confident in the accuracy of their last close
  • How AI will impact accounting careers, and which jobs will be most needed
Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.  

Flexi.com Accounting Reporting Capabilities are Industry Leading – Here’s Why

Flexi prides itself on being an industry leader. With 25 years of experience, Flexi is your accounting software partner from implementation to go-live, providing continuous, high-quality support.

Flexi offers cloud-based software for financial reporting and consolidation. Whether it is consolidated financial statements or graphical dashboards, Flexi’s management tools enable your organization to make informed decisions, elevating your business to the next level.

Flexi solutions are installed at over 800 locations worldwide, with a long and successful track record with businesses in all industries, even the most complex accounting environments. Flexi has helped businesses in the industries of financial services, banking and credit unions, insurance, healthcare, travel and hospitality, retail and wholesale, logistics, and more.

Industry leading software

Flexi software has certainly been implemented in a variety of industries, but there must be a reason. What makes Flexi’s accounting reporting capabilities so industry-leading?

For starters, the various products that Flexi produces help your business make better financial decisions with confidence. Just a small snapshot of the product offerings Flexi has include general ledger, consulting services, accounts payable, accounts receivable, purchasing, electronic invoicing, and business analysis—plus many more.

All of the data that is captured by your systems can be translated into meaningful, easy-to-understand information. The reporting tool derives data directly from your financial management system, providing confidence that your data is accurate and current.

Additionally, Flexi products help your team:

  • Gain Efficiency – Flexi solutions allow you to streamline the accounts payable process by reducing time-consuming, error-prone manual processes, and converting them into electronic “touch-it-once” automated events.
  • Empower Management with Information – Flexi solutions securely distribute reports to management, providing the specific data needed to effectively and efficiently run their departments.
  • Analyze Your Business – Flexi provides clean data to analyze, allowing your team to view business performance by business line, geography, and account.
  • Identify Trends – Flexi enables you to identify past trends that showed success and to recognize areas of improvement in your business.

The bottom line

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’s accounting reporting capabilities and see how Flexi can partner with your business today.

Why Flexi.com White Label Accounting Software has the Right Applications for All Accounting Tasks

In addition to a direct sales effort, Flexi white labels its solutions with companies such as Allscripts, StoneRiver (formerly Fiserv), MajescoMastek, and Molina Healthcare (formerly a division of Unisys). Flexi.com white label accounting software has the right applications for all accounting tasks.

To learn more about our white label program click here.

Benefits of white label accounting software

A “white label” solution is a fully supported product or service that is created by one company but sold without branding, allowing the purchasing company to brand it as their own and resell the product.

Opting for a white label solution means that your company doesn’t need to reinvent the wheel to provide an excellent accounting solution. This results in no time or money wasted producing the best software solution when one is already on the market, ready to be branded as your own. This way, the reseller can customize the product with their own branding, allowing customers to associate the product with the reseller.

White label accounting software from Flexi

White label accounting software from Flexi is quick and easy to brand. As a reseller, you will not need to focus on spending time or money on development. You can simply slap on your logo and the solution is already fully integrated.

Developing a solution from scratch takes time and money, and if you’re under the gun, you might be tempted to cut corners—leading to a poor customer experience when using the product. Rather than taking the time to design, build, and test the solution, opt for Flexi white label accounting software. Flexi takes the guesswork out of the equation.

Lastly, prepackaged solutions provide assurance that you are relying on experts in the field. Don’t stretch your resources reaching for the stars when white label software is ready made.

The bottom line

Flexi has years of experience in the accounting software space and has employed a team of experts to make the most flexible, cost-effective, efficient accounting software on the market. Flexi software allows you to manage your accounts anywhere, anytime, from any device. And, Flexi’s cloud-based management reporting and financial analysis software helps you assess your business performance.

Let Flexi’s 25 years of experience speak for itself. There is a reason why Flexi solutions are installed at more than 800 locations worldwide. Flexi has a long and successful track record that businesses in all industries can count on for their accounting need—even the most complex environments.

Contact Flexi about white label accounting software options today.

Flexi Accounting Software for Financial Institutions is Ideal for Streamlining Workflow

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

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.

Consolidations

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.

Solution Suite

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.

Accounts Payable

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

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.