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.

Flexi Software Adapts to All Regulatory Changes so you Can Have Peace of Mind

Flexi offers comprehensive financial management software that simplifies and automates the entire accounting workflow process, without compromising security.

By providing open, cloud-based architecture that meets even the most stringent security requirements, data can flow seamlessly with any system.

With 25 years experience, the Flexi team has honed in on and perfected the diverse accounting needs of a variety of industries, including financial services, banking and credit unions, insurance, healthcare, travel and hospitality, retail and wholesale, logistics, and more.

Flexi is robust and flexible, and will not only simplify your accounting processes today, but also have you ready to adapt quickly to changing market or business needs, specifically in regulatory changes and compliance.

Flexi adapts to regulatory changes

As a Flexi user, you and your business can have peace of mind. Flexi adapts to regulatory changes in the industry, constantly keeping you up-to-date and on your toes.

Banks and credit unions

The banking industry is one of the most regulated industries in the United States with the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the FDIC keeping a close watch on regulation and compliance. 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 in the banking, credit union, and financial services industries.

Healthcare

Healthcare is another highly-regulated industry, and Flexi can help streamline and automate your labor-intensive financial management function in various healthcare industries. Flexi solutions enable your organization to successfully compete in the dynamic and volatile healthcare market. Automate and streamline your financial processes to support complex regulatory requirements and changing market demands in healthcare.

Other industries

While banks, credit unions, financial services, and healthcare are very highly regulated, Flexi is prepared to handle regulatory compliance for a variety of other industries as well. Flexi takes the guesswork out of the equation, preparing you and your team for success.

The bottom line

As an industry leader, Flexi can help your business succeed, regardless of your industry. With expertise and 25 years experience, the Flexi team can offer highly-specialized support for your specific and unique needs. Flexi’s product solutions are 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 and how we can help you adapt to regulatory changes and see how Flexi can partner with your business today.