Security and Accounting Go Hand in Hand – Here’s the Whys and Hows

A common reason cited for not initiating a shift towards cloud-based software is the potential security concerns the cloud could bring. Because the cloud is not housed on-site, the preconceived notion is that data is less secure and more easily hacked because it is not closely guarded by the organization’s own infrastructure.

In fact, security breaches are more often caused by human error than they are by the technology being unsecure. While software providers continue to enhance security measures, most recently by implementing multi-factor authentication, humans remain the weakest link in terms of data security. A recent report found that up to 95% of security breaches are caused by human error.

How to prioritize security

Because human error is such a driver of security breaches, the first step in ensuring security of your organizational data is employee training. Before providing login credentials to staff users, employees should be fully trained. Additionally, regular check-ins to refresh users and provide new information are helpful, as well as producing an organizational knowledge base as a quick reference for users.

Because cybersecurity threats are ever-evolving, routine training (for all members of the organization, even IT staff) should be made mandatory.

Common sense practices

To keep your employees and your data safe, periodically ask your employees the following to keep them aware:

  • Do you keep company information on your mobile device?
  • Do you have security precautions in place, such as data encryption and multi-factor authentication?
  • Do you lock your computer when you step away from your desk?
  • Are the security questions set up for your account easily answered through access of your social media accounts?

Flexi

Security is important, and using a software provider who understands your security concerns is the first step towards ease of mind.

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.

SEC Approves New Accounting Rule – This is Why Compliance Is Important!

As an accounting professional, you already know the importance of compliance, and now, compliance is as important as ever. The Securities and Exchange Commission (SEC) gave final approval in October 2017 to a regulation that requires auditors to tell investors about what they learn when they audit a company’s books.

The requirement calls for auditors to inform investors about “critical audit matters,” which are defined as any area of a company’s finances that were found to be especially challenging, complex, or forced auditors to make tough judgment calls.

Flexi is your accounting compliance software

Flexi software is designed with compliance and regulatory measures in mind. You can rest easy knowing your business is relying 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 Financial Reporting 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.

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.