Banks & Credit Unions

The banking industry is considered the most regulated industry in the United States with the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the FDIC constantly looking over their shoulder.

The Gramm-Leach-Bliley Act of 1999 (GLBACT) changed the way banks operate, allowing them the ability to engage in a greater range of non-banking activities such as securities brokerage and insurance. Consolidations are taking place to leverage larger economies of scale in banking operations. Banks are always looking for ways to improve operations and make them more efficient when processing their large number of daily transactions and reports.

Financial Statements

Flexi enables financial statements to be produced at any time to provide real-time balances or un-posted transactions. You can quickly and easily produce financial statements by any time frame (daily, monthly, quarterly, yearly), any dimension (departments, regions, territories, branches), and any type of balance (actuals, budgets, forecasts). With Flexi, a click of a mouse lets you can quickly drill down to details from your financial statements.

Average Daily Balances

Flexi’s built-in capabilities automate the calculation of average daily balances on any selected account(s). You can view balances on a daily, weekly, monthly, quarterly, or year-to-date basis — you decide.

Consolidations

Flexible consolidation rules in Flexi allow for unlimited consolidations, inter-company eliminations, and full reporting.

Attach an Excel spreadsheet, document or image to any transaction!

Add a Sticky Note to any transaction!