A Prime Example as to Why Accounting Compliance Software is a Must

Compliance is important to you as an accounting professional. Ensuring that all matters are handled in accordance to federal regulations is imperative in keeping your doors open as an accounting firm.

In 2002, the Sarbanes-Oxley Act was enacted to set new standards for accountants, specifically in the accounting and internal auditing practices of publicly-traded companies.

The banking industry is one of the most regulated industries in the U.S., and the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the FDIC keep close watch on regulation and compliance. Other industries are also highly regulated, including healthcare.

Without attention to regulatory compliance, accountants may even land themselves in prison. Kevin Towns of Suffolk, Virginia was recently sentenced to 40 months in prison for his contribution to the preparation of hundreds of false returns.

What can Flexi do for your compliance needs?

To keep your doors open and your business compliant, rely on a software solution that prioritizes compliance.

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.

With Flexi’s financial report writer and analytics software, your team can:

  • Gain Efficiency – Streamline the AP process by reducing time-consuming, error-prone manual processes, and converting them into electronic “touch-it-once” automated events.
  • Empower Management with Information – Securely distribute reports to management, providing the specific data needed to effectively and efficiently run their departments.
  • Analyze Your Business – Analyze financial data to view business performance by business line, geography and account.
  • Identify Trends – Use visualization to identify past trends that showed success and to recognize areas of improvement.

Schedule a demo and learn more about Flexi accounting software solutions.