6 Important Features Regarding Our Enterprise Accounting Software

Flexi provides a secure enterprise accounting platform that automates the entire accounting workflow process and delivers ROI in just months.

With Flexi, you will be afforded a flexible solution–one that won’t keep you stuck and unable to adapt to changing market or business needs.

Here are the top six important features you need to know about regarding Flexi’s enterprise 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 Accounting: 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 our multi–entity accounting 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 our 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 our 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.

Learn more about Flexi today
From deployment options, implementation and setup of business rules, to integrations with other systems, Flexi’s got you covered.

Learn more or schedule a demo today. Call 800-353-9492.

A Dissection into Flexi’s Accounting Partner Program

Flexi has introduced several new accounting partnership strategies. Flexi believes that great partnerships are formed when two companies who are equally committed to success come together to achieve a set of common goals.

Flexi’s goal is to deliver exceptional technology that greatly simplifies accounting. Flexi empowers finance teams with the tools they need to get their job done faster, with greater ease, and with increased accuracy.

Why partner with Flexi?

A partnership with Flexi is a savvy business decision for the following reasons:

  • Technology: You can grow your business with Flexi’s industry-leading accounting solutions proven to automate and simplify accounting.
  • Flexibility: Partnerships offer many options to deliver benefits: functionality, licensing, deployment, or support levels.
  • Leadership: Lean on the strength of Flexi’s deep knowledge and ability to innovate and solve tough accounting challenges.
  • Experience: Flexi brings 25+ years of proven experience, and is therefore a trusted partner for sustainable growth.

Flexi has been a trusted name in the industry for over 25 years. Explore these partnership opportunities to see why leading brands have relied on Flexi for a quarter of a century.

OEM and White Label Partners

For more than two decades, Flexi has powered OEM and white label accounting solutions for world leading brands. Our deep expertise and knowledge of the accounting nuances of many vertical industries provides unmatched capabilities to our industry partners. See why Flexi is the accounting platform of choice for companies like Allscripts (formerly McKesson), StoneRiver, Molina Healthcare, Majesco and more.

Outsourcing (Accounting as a Service)

In a new era of consolidated accounting operations with distributed contributors, companies are increasingly looking at finance and accounting outsourcing and BPO services to deliver cost-effective accounting solutions. Flexi’s accounting platform, company strength and commitment to continual innovation presents the ideal foundation to power the future of your business.

Product Partners

Third-party product partners offer technology that complements our accounting platform and extends our capabilities. Through these technology partnerships, Flexi is aligned with some of the industry’s top technology vendors for reporting, HR, payroll, compliance and more, which enables us to deliver an end-to-end ERP solution to our customers.

Referral Partners

Flexi’s referral partnership program provides the ability for service-oriented companies such as consultants and CPA firms to earn revenue simply by referring their customers to Flexi – without needing to know how to sell, implement or support them. If your success depends on your ability to refer best-of-breed finance and accounting solutions, Flexi delivers.

Partner or learn more

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

Flexi’s FAO Accounting Solution is Jam Packed with Powerful Financial Features

Flexi’s FAO accounting solution is jam packed with powerful financial features to help your business succeed.

Flexi has been the accounting software of choice for BPOs and FAO solutions around the world for the past 25 years. Flexi understands that every BPO is unique and the Flexi business model provides flexibility to meet your specific needs regarding technical functionality, licensing terms, deployment, or support options.

With Flexi as your partner, you can be assured that your accounting platform continually provides your customers with the state-of-the-art features they are looking for, such as:

  • Workflow automation
  • Continuous close capabilities
  • Real-time financial reporting
  • Multi-entity consolidations
  • Built-in audit and compliance features

Powering the Success of BPO and FAO Solutions

Flexi’s financial management software is the platform behind Finance and Accounting Outsourcing solutions by BPOs, and industry-specific technology providers like Acturis. Flexi software is also private labeled throughout the world by companies such as McKesson, StoneRiver (formerly Fiserv), MajescoMastek, and Molina Healthcare (formerly a division of Unisys).

Integration to Meet All Your FAO Needs

Flexi’s open architecture gives you the flexibility to choose the software that is right for your BPO. Your clients will gain the ultimate speed and power with our entire financial management software platform, which easily integrates into your existing system(s) and allows real-time financial data to flow securely wherever it is needed. Or you can choose to implement stand-alone modules like Flexi’s  general ledger software, workflow automation software, or financial reporting system.

Accounting is on a fast track toward automation, and Flexi is a partner you can count on to help your customers usher in this new era of productivity. Flexi’s flexible software is designed to grow with you, so you’ll never find your FAO solutions obsolete. Here are just some of the added benefits your customers will experience with Flexi powering your BPO:

Flexi

Flexi provides an FAO accounting solution to keep your business on the up and up.

Learn more about Flexi accounting software solutions and request a demo and see what Flexi can do for your BPO. Call 800-353-9492 to set up a demo today.

Why Insurance Companies Love Using Our Financial Management Software

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, instead focusing their efforts on being proactive and strategic.

With Flexi, you won’t be stuck with a costly system that leaves you unable to adapt to changing market or business needs. Flexi offers extreme flexibility in every way.

As such, insurance companies love using Flexi’s flexible financial management software for a variety of reasons. Here are just a few.

Flexi’s Insurance Accounting Software Capabilities

Flexi’s insurance accounting software comes with the following benefits:

  • Statutory set of books
  • Departmental P&Ls
  • Claim payments and draft
  • Premiums recognition
  • Detailed record of billings
  • Chart of Accounts Master
  • 1099 processing
  • Powerful allocations

Flexible Insurance Accounting Software

Flexi’s open architecture allows flexibility to choose stand-alone modules as business needs dictate. But insurance companies will gain the ultimate speed and power with Flexi’s entire financial management software platform, uniquely designed to allow financial data to flow securely wherever it is needed, with full integration into policy, billing, and claims systems.

More reasons to explore Flexi’s insurance accounting software

  • Additional automation provides better security, more internal controls and less risk of human error.
  • Stronger reporting, including ability to facilitate the creation of statutory reports.
  • Ability to quickly adapt for ever-changing compliance requirements.
  • Simplified multi-book accounting enables users to track GAAP, statutory and adjust simultaneously.
  • Provide better security, more internal controls, less manual intervention, and stronger reporting for maintaining compliance requirements.

Process-Driven Insurance Accounting Software

Flexi’s 25+ year history is rooted in serving industries where security, compliance, speed, and performance are paramount; industries such as insurance, banking, and healthcare.

Nearly 2,000 insurance and healthcare company sites rely on Flexi’s accounting software. Flexi’s integration with policy, billing, and claims systems creates superior efficiency and accuracy. Government entities also rely on Flexi to efficiently manage claim processing needs associated with healthcare programs and disaster relief assistance.

Flexi is uniquely designed to help insurance companies manage complex regulatory requirements and adapt to changing market demands.

Flexi

There are many reasons to trust Flexi. Learn more about Flexi accounting software solutions to see why Flexi is a great fit for your insurance company. Call 800-353-9492 to set up a demo today.

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.

Is Blockchain Changing Accounting?

The accounting and finance sphere is buzzing about blockchain technology, and for good reason. As technology evolves, blockchain is changing accounting, and accountants and financial professionals need to be prepared for its impact, though its potential impact remains relatively unknown.

What is blockchain

Blockchain, often associated with bitcoin, is a digital ledger of transactions that is stored publically. There is no centralized data hub; rather, it is hosted by millions of computers and is accessible to all internet users.

This technology presents an opportunity for accountants to create and use a new kind of ledger. Unlike traditional accounting software, blockchain is secure and cannot be hacked or corrupted. Blockchain is durable, transparent, and decentralized.

Blockchain and accounting

Like with all new technology introduced to the accounting realm, some are concerned that blockchain will eventually beat out human accountants, rendering traditional accountants useless. It’s unlikely that blockchain will have such devastating effects on the workforce, but that isn’t to say that accountants shouldn’t learn all they can about blockchain and prepare to evolve alongside the technology.

In fact, much like with the onslaught of cloud-based technologies, accountants who embrace blockchain will be viewed as superior in the workforce, having the knowledge, training, and experience to guide clients in making software decisions, in addition to other strategic and advisory services. The arrival of blockchain on the scene is simply changing the role of the accountant, in the same ways that technology and automation is changing roles in all industries.

The future

The future of blockchain is uncertain and unmapped, but you should definitely plan for it to make a splash. Blockchain presents a new frontier to accountants, and the technology can be used in myriad ways, potentially in ways we haven’t yet considered. The Big Four accounting firms are already embracing blockchain and bitcoin.

Flexi for your future

As accounting evolves, so should you and your business. Flexi provides flexible solutions to keep you apprised of the new frontier.

Trusted by enterprises for 25+ years, Flexi has deployed thousands of implementations around the globe and gained experience in providing you with important capabilities to grow your business, like the need for:

  • Workflow automation with superior speed, performance, and security.
  • Continuous close capabilities and easy consolidations of financials and/or currencies.
  • Flexible software that can quickly adapt to changing business needs or market requirements.

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

Accounting Automation Software – Why Our Process Driven Solution Saves You Time

Flexi’s automated accounting solutions save your organization valuable time. Automated software means time added back to your calendar. With user-friendly, accessible software, clean and more accurate data, and simplified, easy-to-use report writers, accounting teams can work on strategizing, advisory, and new revenue streams with all the time they’ve bought back by using Flexi products.

Process-driven solutions

Flexi’s comprehensive financial management software simplifies and automates the entire accounting workflow process, without compromising security. Flexi’s open architecture meets even the most stringent security requirements yet allows data to flow seamlessly with any system, whenever and wherever business needs dictate.

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.

Flexi allows you to:

  • Consolidate 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
  • Answer all of your auditor’s questions

Industries

Flexi solutions enable companies in various industries to streamline accounting processes. These industries include:

Flex boasts flexible posting and open architecture, with rules-driven engines, enabling you to manage your accounting processes in a cost-effective and highly efficient manner.

Flexi software provides access to a fully integrated suite of applications, including general ledger, accounts payables, fixed assets, purchasing, and capital projects

As a Flexi user, you can save time with the added ability to analyze financial statements and track performance of your lines of business, profit centers, and locations.

Flexi solutions enable your organization to successfully compete in its dynamic and volatile marketplace. Automate and streamline your financial processes with the tools and controls to support complex regulatory requirements and changing market demands.

How can Flexi work for you?

Flexi may be the biggest, most trusted accounting software company in the industry right now. While Flexi sells directly to customers, Flexi’s software is also private labeled throughout the world by companies such as McKesson, StoneRiver, MajescoMastek, and Molina Healthcare.

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.

Hotel Accounting Challenges Happening Right Now

Many industries are experiencing an upheaval when it comes to the accounting sphere, but the hospitality industry is experiencing specific and unique challenges. Hotel owners and operators know that solid accounting software is a must to manage the many unique dilemmas that tend to crop up.

Among these challenges are enterprise resource planning, working with a variety of employee types, outsourcing, and managing data.

Enterprise resource planning

It would be nice if every hotel company could build an enterprise system to manage its unique accounting needs, but this isn’t always the most realistic approach. Many management companies, in fact, deal with a variety of expectations, timelines, and processes, rendering a one-size-fits-all enterprise system virtually useless.

According to HotelManagement.net, building partnerships is the most reasonable method of managing this issue. Month-to-month subscriptions to hotel-specific solutions allow users to onboard quickly using user-friendly interfaces and familiar concepts.

Employee types

Hotels tend to employ a variety of employee types–full-timers, part-timers, employees who work for tips, etc. And some may work at multiple locations, where staffing requirements may vary.

Establishing a balance is necessary: hoteliers must be able to monitor labor costs, manage overtime, oversee payroll transactions, and run and distribute financial reports. A robust, cloud-based accounting solution like Flexi can accommodate these unique needs.

To outsource or not to outsource?

Unsurprisingly, hoteliers often have competing priorities, from sales to customer service to asset management and beyond. As a best practice, consider outsourcing. Managing all aspects of hotel accounting is a big ask and resources are finite.

Data, data, data

Analysis paralysis is a living, breathing thing. Hotels collect a lot of data, but the struggle is how to track and interpret that data. For this reason,, a centralized platform is key. Being able to import data to a centralized hub and slice and dice it from there helps to not only create, but also to analyze, a variety of reports to keep your hotel’s performance in tip-top shape.

Flexi for hotel accounting

Flexi solutions enable companies in various industries, including the hospitality industry, to streamline accounting processes.

Flexible posting and open architecture, with rules-driven engines, enable you to manage your accounting processes in a cost-effective and highly efficient manner.

With Flexi, access a fully integrated suite of applications, including general ledger, accounts payables, fixed assets, purchasing, and capital projects, and analyze financial statements and track performance of your lines of business, profit centers, and locations.

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

When Artificial Intelligence and Accounting Collide

Fear is circulating in the accounting industry that humans (or accountants) will soon be replaced by artificial intelligence. But it is becoming increasingly clear that robots won’t cut it alone in the accounting sphere–while helpful, automation is best served with equal parts human intelligence.

With the rise of automation and cloud-based services, many traditional accounting tasks have been automated–this is true. Machines will always be better and faster at crunching numbers, but the benefit to accounting professionals is that this ensures more data accuracy than ever before–and offers time back on the calendars of busy accountants, freeing them up to analyze, strategize, and advise.

According to Pymnts.com, accountants are increasingly expected to serve as strategic advisors to their clients. Small businesses are becoming more and more frustrated, according to a Seed survey last year, that their banks aren’t providing the advisory services they feel they need, and that role is now being placed squarely on the accountant.

Embracing the cloud

While fear circulates about automation as the death of the modern accountant, many accountants are embracing the change and viewing it as a tool for forging deeper connections. While the role of the accountant is rapidly changing, the industry continues to dictate needs that cannot be satisfied by computers alone, thereby elevating the accountant’s role and situating accountants as leaders of strategy and advisory services.

Flexi as an automated partner in business

Flexi solutions will make your organization’s accounting processes run smoother. Among the many perks, Flexi enables your business to close the books faster, automate accounting processes, simplify multi-entity accounting, gain real-time visibility, simplify audit and compliance, and streamline financial reporting.

Accounting is on a fast track toward artificial intelligence. No matter where you are on that timeline, Flexi is a trusted partner dedicated to helping you safely transition into this new era. Flexi’s flexible accounting software is designed to grow with you–however your business needs dictate. Here are some of the highlights of the approaching paradigm:

  • No paper, and no manual errors
  • Real-time financial updates–whenever and wherever needed
  • Continuous control
  • Standardized workflow with built-in approvals
  • Mobile access to financials through any device
  • Visualization tools with real-time visibility of every transaction and complete audit trail

Flexi can enable and empower your accounting team to provide added value to clients with the time they gain back from these tools’ ease of use.

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

Why Flexi’s Analytics Reporting Has What You Need

Analytics reporting in the accounting sphere is critical. Being able to run reports, save reports, and distribute reports is key–and you want a flexible software solution that allows you to make changes on the fly.

The root of Flexi products is just that: flexibility.

FlexiAnalysis is Flexi’s analytics reporting tool. It gives accountants and financial analysts insight into your business, allowing you to visualize, slice, and drilldown on large volumes of data within FlexiFinancials.

FlexiAnalysis is a self-service business intelligence tool designed for accounting power users rather than BI architects or developers. FlexiAnalysis gives finance users the ability to create graphs and pivot tables with simple drag and drop functionality. FlexiAnalysis comes out of the box with connectors to various Flexi modules, including FlexiPayables, FlexiReceivables, FlexiLedger, and more.

Why FlexiAnalysis has got you covered

With FlexiAnalysis, creating reports is quick and easy. FlexiAnalysis comes preconfigured with connections to other Flexi modules, with predefined templates around common business processes to get you started.

FlexiAnalysis also comes with:

  • A simple drag and drop interface allowing power users to create new reports in minutes.
  • Visually appealing analytic models that combine various formats and charts and graphs

And, you can:

  • Leverage your existing knowledge of Excel resulting in an easy learning curve
  • Personalize your report format using standard Excel formatting

Best of all, you can work independently without reliance on IT to build a data model for you.

Another great feature is the ability to analyze your business data the way you want to.

This means you can:

  • Visualize your data with dynamic charts and graphs
  • Drilldown to the transactional detail without leaving Excel
  • Sort, Search, and Filter data
  • View your data the way you want it, untethered from the standard Flexi reports
  • Get real time insight into your financials
  • Drag and drop to rearrange your data view
  • Share your reports by publishing to SharePoint

financial analytics

And, integrated security keeps your data safe.

Flexi

Flexi’s analytics reporting software offers solutions to your most common reporting gripes. Flexi’s open, non-proprietary architecture is based on the latest Microsoft standards and tools. It supports industry standard databases such as Oracle and Microsoft SQL Server and allows for easy integration through web services. The Flexi applications utilize Microsoft SharePoint to provide browser based, enterprise-wide content portal and workflow capabilities.

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