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Are You Missing Life Events Due to Stressful Financial Closes?

Accountants know that financial closes are stressful and time consuming as is, but with added pressure from the executive team, the financial close can become a hellish landscape.

The majority of accountants must trade in vacation or family time during financial close time, missing important life moments like family weddings, little leagues games, dance recitals, and more.

You don’t have to be one of them.

Stop missing life events and regain a work/life balance

FYIsoft has helped its customers get their lives back. One is quoted as saying: “We have locations in many states. If we did not have FYIsoft, life would be miserable.”

With FYIsoft’s cloud-based accounting software, you’ll get:

Easy multi-company or multi-location consolidations
Simple report setup with an intuitive ‘building block’ approach
Perfectly formatted, board-ready reports
Automated report distribution, guaranteed to get the right data to the right people with just a click of a button
Powerful drilldown capability so users can analyze their statements and answer their own questions
Built-in multi-currency conversions
Anywhere/anytime access so reports can be shared and viewed on-demand

Nearly 90% of finance professionals work overtime during financial close–and much of this time is spent scrubbing data, running reports, formatting reports, and then manually distributing them via email.

FYIsoft knows that these processes can be taken care of through the click of a button.

Much of the reporting process can be automated, and secure, 24/7 access via any device with an internet connection means that executives can run the reports locally. The data any user accesses will always be the most current, and security permissions and parameters can be set to protect the integrity of your data.

FYIsoft customers boast of financial closes that consistently save 10+ days–putting time back on customers’ calendars. Now you have time to manage new responsibilities in your role, as well as participate in your personal life again to maintain a stronger work/life balance than accountants ever thought possible.

FYIsoft can help

Accountants are expected to produce accurate reports at a moment’s notice, and those reports can involve multiple entities, general ledger systems, account codes, locations, and currencies. It can be painful. But at FYIsoft, financial reporting software is the focus. With a simple integration into your GL, FYIsoft is a powerful add-on that delivers faster, easier, and more accurate financial reporting–giving you time back and lightening your mood to boot.

Request a demo today and learn how FYIsoft can help you regain control of your life, both at work and at home.

Looking For a Faster Financial Close? How Does An Extra 10 Days Sound?

Accountants and finance professionals can unanimously agree that a faster financial close is the ultimate goal. And with FYIsoft, businesses consistently report saving 10+ days with their financial close.

Rather than running reports, formatting reports, and manually distributing them through email, FYIsoft automates much of the financial close process, freeing up time to analyze, strategize, and implement best practices to impress and maintain your clientbase.

What is FYIsoft

Founded in 2012, FYIsoft is focused on simplifying even the most complex financial environments with innovative software designed to enable fast, accurate, perfectly formatted financial reports–accessible 24/7 wherever, whenever business needs dictate.

With over 8,500 finance professionals around the world relying on FYIsoft’s cloud financial reporting software, the company is quickly emerging as a leading force in the Financial Corporate Performance Management (FCPM) space.

FYIsoft’s solutions can be deployed directly or through strategic partners and include an innovative financial report writer, a flexible general ledger integration tool, and a currency translation module for multi-national companies.

The talented team behind FYIsoft has decades of experience in areas including enterprise resource planning, finance and accounting, and information technology.

FYIsoft software and the cloud

Financial reports provide the data and insight from which all business decisions are made. For today’s finance teams, it is crucial that those reports be accurate, easy to produce, and board-ready at a moment’s notice.

The report applications found in most ERP systems just don’t cut it. That is FYIsoft’s focus.

FYIsoft is committed to delivering the best available cloud financial reporting software, specifically designed to integrate with your GL system and dramatically improve reporting processes, even in the most complex financial environments.

Cloud-based systems like FYIsoft introduce automation, user-friendly interfaces, and impressive tools–making modern accounting faster than ever; perfect for the tight deadlines your executive team imposes.

FYIsoft for a faster financial close

With FYIsoft, your business gets:

Easy multi-company or multi-location consolidations
Simple report setup with an intuitive ‘building block’ approach
Perfectly formatted, board-ready reports
Automated report distribution, guaranteed to get the right data to the right people with just a click of a button
Powerful drilldown capability so users can analyze their statements and answer their own questions
Built-in multi-currency conversions
Anywhere/anytime access so reports can be shared and viewed on-demand

Request a demo today and learn how FYIsoft can cut 10+ days off your next period close.

Looking for an Accounting Partner With Many GL Connections?

FYIsoft’s partner program helps your business simplify reporting and cut 10+ days off your financial close period.

With all the complexities of today’s accounting environments, arguably the most important feature is reporting. The ability to quickly create accurate financial statements and distribute them to the right people is a key success factor for any finance executive.

But, as an accounting professional, you realize that many accountants in the industry still rely on Excel or limited features found in other report writers. Through a reseller or ISV partnership with FYIsoft, you can transform the way your clients create and distribute financial reports, saving them days or weeks during every close.

One partner, multiple GLs

One of the many benefits of working with FYIsoft is that FYIsoft supports a multitude of GL systems. For your business, this means that you (or your clients) can rely on the power of FYIsoft’s cloud financial reporting software no matter which GL or ERP you represent.

FYIsoft’s growing list of GL integrations includes: Acumatica, Apprise, Ellucian, Flexi, Microsoft, NetSuite, Plex, Sage, and many more. And, the list is growing.

FYIsoft’s partner programs are designed around partner profitability, ease of doing business, and FYIsoft’s ability to assist partners with uncovering opportunities to cultivate new deals. FYIsoft’s programs include training, technical support, sales and marketing tools, and a range of benefits relevant to each partnership level.

ISV/Technology partners

Independent software vendors provide technology such as GL or ERP systems that directly integrate with FYIsoft. ISVs may also offer extensions to complementary technology that enhances our financial reporting software and adds value to their clients.

Value-added resellers

Value-added resellers and distributors bring FYIsoft to their customer base, with the ability to drive additional revenue through implementation, training and ongoing support. Multiple program options are available based upon your desired commitment and reward.

What a partnership with FYIsoft means to you

FYIsoft is committed to providing mutually beneficial partnership opportunities that will grow both of our businesses. You’ll experience all these benefits and more through a partnership with FYIsoft:

Empower your clients to automate: Keep your clients happy and create loyalty when you bring them an industry-leading solution proven to save 10+ days with every period close.
Create new revenue stream: All FYIsoft partnership models offer attractive revenue-share opportunities for our partners.
Expand your offerings: FYIsoft enables you to capitalize on the growing need for cloud financial reporting solutions that can greatly simplify complex reporting needs.
Introduce new services: FYIsoft’s partnership models provide the opportunity to earn additional revenue through ancillary services, such as report setup, generation or distribution services.

Contact FYIsoft today to learn how a partnership can benefit your business.

No More Slow, Clumsy Financial Reporting – FYIsoft Has the Solution

Financial reporting is a notoriously laborious process. With FYIsoft, it doesn’t have to be.

At FYIsoft, the focus is developing the best financial reporting software available. Integrated with your general ledger, FYIsoft provides all the benefits of the cloud without compromising the security of your core financial data.

What this means for you? No more slow, clumsy financial reporting.

FYIsoft’s financial reporting

FYIsoft’s financial reporting software boasts:

Faster period close (with many customers saving 10+ days)
More time for strategy and analysis
Easier consolidations, even for complex multi-entities
Streamlined, accurate report distribution with automatic formatting
Secure, 24/7 access to transactional data–anytime, anywhere

FYIsoft enables not only fast, accurate, and actionable financial reporting, but also the ability to remain proactive and competitive amidst changing business, market, and regulatory demands.

FYIsoft:

Empowers you to generate, package, and distribute reports faster allowing additional time for review and analysis
Increases the relevancy and value of your financial reports
Enables staff to gain the insight needed to run your business more efficiently
Users are empowered to drill down into transaction details and perform their own analysis

FYIsoft also offers management reporting solutions. FYIsoft understands your crucial role in providing management with the useful data they need to make well-informed and timely decisions to achieve business goals and objectives.

Reports are easily customized for content, format and delivery method
Automated distribution process saves hours of time and ensures that users receive only those reports they are authorized to view
Reports can be accessed 24/7, from anywhere, through any device; management receives the data they want, when they need it and you look good every time

Report distribution with FYIsoft is also a breeze. FYIsoft provides secure financial report distribution that saves your team hours, days, even weeks. Users can access and analyze reports 24/7 but cannot change the data, protecting the integrity of your financials.

Distribution lists are easy to setup and maintain, speeding the process to distribute based on any number of parameters such as permissions, departments, locations
Interactive, cloud reports can be delivered via URL link, enabling users to drill down and see transaction details (saving your team hours of time answering all of their questions)
Flexibility to slice and dice reports any way your business needs dictate

FYIsoft can help you eradicate slow, clumsy reporting

FYIsoft knows there are many pain points in your day-to-day accounting. But FYIsoft can help.

Request a demo today and learn how FYIsoft can help your financial reporting game.

Is Distributing Financial Reports a Nightmare? Then Meet Jack

Getting the right data to the right people at just the right time is perhaps the most stressful part of financial reporting and accounting. When slicing and dicing manual spreadsheets, not only can running reports be an extremely timely process (in an already time-sensitive environment), but it can also mean that data is inaccurate–or worse, not current.

Enter Jack. Jack used to spend hours laboring over financial reports for executives, ensuring that he captured all of the most current data. Each report was agonized over in great detail to ensure accuracy, but the tight deadlines and stress was too much to bear.

Fortunately for Jack, FYIsoft made an hours- or days-long process into 3 easy minutes. And the best part is that this frees up Jack’s time to do more than just crunch numbers and try to locate and fix broken Excel formulas–Jack can add value to his role, his team, and his clients by engaging in strategic and advisory services. In fact, this means Jack can bring more revenue in by adding additional clients to his client base!

How you can be like Jack

FYIsoft customers love the confidence they have in FYIsoft’s report distribution. One click and the reports are on their way.

With FYIsoft, customers can generate reports easily. FYIsoft’s component-based cloud architecture simplifies consolidations, even for complex multi-company entities. And the secure, web-based distribution process ensures that data is easily accessed by those that need it.

With cloud reports, users can drill down without fear of changing data. Mobile access makes it a breeze to access data 24/7 from any device with an internet connection. The cloud-based system means that all users are always working with the more current, accurate, reliable data available.

FYIsoft can accommodate multiple GL systems, currency conversions, and multiple entities.

Report distribution doesn’t have to be a nightmare

FYIsoft provides secure financial report distribution that saves your team hours, days, even weeks. Users can access and analyze reports 24/7. Additionally:

Distribution lists are easy to setup and maintain, speeding the process to distribute based on any number of parameters such as permissions, departments, locations.
Interactive, cloud reports can be delivered via URL link, enabling users to drill down and see transaction details (saving your team hours of time answering all of their questions).
Customers have ultimate flexibility to slice and dice reports any way your business needs dictate.

Request a demo today and learn how FYIsoft can help you run and distribute reports at the click of a button. You’ll be as happy as Jack in no time.

Need a Financial Report Writer That Can Cut 10+ Days Off Your Period Close?

As an accounting professional, you’re well-versed on other report applications found in most ERP systems that just don’t cut it. But FYIsoft is committed to delivering the best available cloud financial reporting software, specifically designed to integrate with your GL system and dramatically improve reporting processes, even in the most complex financial environments.

FYIsoft’s financial report writer can help you cut 10+ days off your period close. Among a faster period close, benefits include:

Easier Report Generation: Our component-based cloud architecture simplifies consolidations, even for complex multi-company entities.
Efficient Report Distribution: Secure, web-based distribution process ensures you get the right data to the right people, whenever they need it.
Mobile Access: Access to financial reports 24/7, through any device, ensures you’re always ready with accurate, reliable data.
Data Integrity: With our cloud reports, users can drill down and analyze their own expenses – without the ability to change the data.
ROI Within Weeks: A low total cost of ownership, combined with increases in productivity, will deliver ROI in as little as eight weeks.

FYIsoft’s financial report writer also solves these common business dilemmas:

Multiple GL systems: FYIsoft standardizes data so you can integrate with as many GL systems as needed, saving weeks if not months of time.
Currency conversions: For multinational companies, FYIsoft automates currency conversions, greatly simplifying the consolidation of global financials.
Multiple entities (companies, branches, divisions, franchises): Companies that generate 100+ reports every month find huge relief with FYIsoft. FYIsoft can slice and dice any distributions needed, giving you confidence that you’re delivering the right data to the right people.

FYIsoft can propel you forward

Cutting days off your period close can help your business focus on strategy and advisory services. It frees up time for your accounting team to do what they do best, and it minimizes the risk of erroneous, inaccurate data leaking to your executives and board.

FYIsoft leans on cloud-based functionality to streamline and automate processes, making your period close as quick and easy as possible.

Request a demo today and learn how FYIsoft can cut 10+ days off your next period close.

FYIsoft: Financial Reporting Software that Adds Value to your Entire Team

At FYIsoft, the focus is on developing the best financial reporting software available. FYIsoft integrates with your existing general ledger, providing benefits of the cloud without compromising security of your core financial data.

Because of its reach, FYIsoft offers value to your entire team, from administrative staff all the way up to the executives and board. Benefits like a faster period close, easier consolidations, streamlined report generation and distribution, and secure access benefit your company at all levels.

How FYIsoft stacks up

When the time comes to upgrade your software, it’s important to get buy-in from the whole team. Fortunately, FYIsoft can help all levels of your organization. FYIsoft helps your team in the following ways:

Executive & Board

When it comes to accounting, key decision makers typically care about one thing: reporting. They rely on you to deliver accurate, fast reports, whenever and wherever they need them. With FYIsoft, meeting those demands become extraordinarily easy…and you become a star.

Snapshot view: Executive officers can gain accurate, immediate reports–anytime, anywhere.

CFO

FYIsoft is proven to cut 10+ days off the financial close. That’s time you can now use to focus on the analytics and earn yourself a seat at the strategic table. Your team’s improved speed and quality of reports will showcase your financial expertise.

Snapshot view: CFOs can communicate proactively with strategic insights and board-ready reports.

Controller

When consolidations go wrong, or deadlines are not met, you’re the one to blame. FYIsoft can end all those late nights and last-minute fire drills. You can now confidently create and share reports in minutes, even when multiple entities, different GLs, or global currencies are involved.

Snapshot view: Controllers/Directors gain the ability to produce reports with extreme precision and efficiency.

Administrative Staff

With intuitive cloud-based software, reports are easy to setup or change. Report distribution is also a breeze, and users are empowered with drill down capabilities that allow independent analysis, without compromising data integrity.

Snapshot view: Staff enjoys ease of use and ability to create reports without reliance on IT.

FYIsoft for the entire organization

FYIsoft’s easy to use cloud solutions simplify even the most complex financial reporting demands by automating manual processes and enabling you to get the right information to the right people, exactly when they need it.

Request a demo today and learn how FYIsoft can help your organization, from administrative staff to the board and beyond.

Download the full infographic here.

Excel Is Still Relevant for Financial Reporting, But Should It Be?

Microsoft Excel has been a mainstay in the accounting world since it made its debut in the 1980s. Accountants and finance professionals are widely literate in Microsoft Excel for a variety of reasons–some of which being that it is a low cost, versatile, and commonplace solution.

Being part of the Microsoft Office package, which is prolifically available to businesses of all sizes, it makes sense that Excel has made such a splash. But has Excel earned its staying power? Is it still relevant in a complex accounting setting?

Excel brings a lot to the table, such as formulas, charts, and graphs, but it was never intended for the complex accounting needs of enterprise environments. In fact, Excel’s limitations have been a point of contention for many accountants and businesses, leading to frustration and hours of overtime to check and double-check manual work.

A limited and flawed solution

Excel can be a viable solution for small businesses, but medium-to-large businesses and businesses with multiple entities are becoming increasingly dissatisfied with Excel.

Some of Excel’s many limitations include:

Duplication: The same spreadsheet containing the same data exists in multiple inboxes and desktops. Which is the most current? Without a centralized hub, data integrity is jeopardized.
Errors: Have you ever had the experience of combing through every cell and every formula to find what’s broken? It can take hours or even days to locate and fix the mistake. Without solid checks and balances, this is one area Excel falls short.
Formatting: Like other Microsoft Office products, there are endless formatting possibilities–font type, font size, font color, highlighting… An individual may have a system of color-coding, but is that public knowledge? It is difficult to enforce a company-wide formatting policy designating how data should be formatted and presented on a product that offers endless options.

Fortunately, dedicated financial reporting and analytics software exists to fill in the gaps, ending the accountants’ dependence on a solution that was never intended to satisfy the complex needs multi-entity businesses face today.

FYIsoft provides finance and analytic tools for your needs

FYIsoft solutions work to improve the length and speed of your financial close, make report generation and distribution easier than ever before, enhance data integrity, provide cloud-based, 24/7 mobile access, and most importantly, improve your bottom line with ROI within weeks.

You don’t need to rely on Excel any longer. Request a demo today and learn how FYIsoft can help.

Acquire a Company and Now You Need Financial Reporting From Multiple GLs?

Acquiring companies with different GLs or managing multi entity reporting needs can quickly become a nightmare scenario when the proper software solutions are not in place. Fortunately, FYIsoft has you covered with impressive financial consolidation software to sooth the burden of managing multiple GLs.

New regulations and segmentation of revenue mean that spreadsheets alone may no longer be a viable solution when working with multiple GLs. Efficiency, accuracy, and immediate visibility are critical for internal and external financial reporting.

FYIsoft’s financial software solutions enable simpler financial consolidation by reducing the time and resources it takes to gather and compare financial data from multiple sources. By automating critical accounting functionalities and minimizing manual processes, you can reduce errors and focus on value-added financial analysis.

For multinational businesses, FYIsoft solutions enable quick translation of multi-company balances into the required reporting currencies. The solution enables currency conversion calculations that make it easier to evaluate consolidated financial statements in a single currency.

Additionally, FYIsoft’s financial consolidation software:

Integrates with any general ledger system (or Excel) to import and standardize data, and automate the creation of beautifully formatted, consolidated reports, and
Translates multinational balances into a single currency (or multiple currencies, if desired)

Why choose FYIsoft when managing multiple GLs?

Choosing FYIsoft’s financial consolidation software is an easy choice. It’s a cloud-based solution, which means it’s secure, always current, and always accessible from any device with an internet connection. Its user-friendly and convenient interface makes even the most frustrating accounting work a breeze.

With 8,500 users and counting, FYIsoft’s loyal customer base speaks for itself. With software that automates, simplifies, consolidates, and streamlines, it’s easy to see why it is increasingly preferred over on-premise software solutions.

Contact FYIsoft for a demo today to see how this cloud-based solution can help you access financial reports from multiple GLs, as well as consolidate them.

Looking For NetSuite Financial Reporting? FYIsoft Has You Covered

If your organization uses NetSuite but is in need of advanced financial reporting features, FYIsoft has you covered.

FYIsoft is fully integrated with NetSuite, ensuring you have access to the full spectrum of reports while not having to disrupt or change your core GL system. FYIsoft offers stronger financial reporting for NetSuite customers, including features that can save your organization up to 10+ days during each and every period close.

8,500 users choose FYIsoft. Should you?

There are many reasons to choose FYIsoft’s cloud financial reporting software, and a full integration with NetSuite is just one. FYIsoft’s robust financial reporting features are ideal for companies with complex consolidation requirements and other unique reporting challenges that accompany organizations with multiple entities, high growth, or global reach.

FYIsoft’s superior NetSuite financial reporting capabilities include:

Simpler consolidated reports for multiple levels, locations, entities, and currencies
Easy, flexible report structure that requires no programming skills or IT resources
Advanced, automated report distribution that is accessible through any device with an internet connection–24/7
Superior, interactive drill-down capabilities
Board-ready reports with customizable formatting
Built-in audit features to help your organization remain compliant

FYIsoft can also accelerate NetSuite customers’ financial close. FYIsoft customers save days– often 10+ days.

And because FYIsoft is already fully integrated with NetSuite, NetSuite customers can be up and running within hours.

Take advantage of the FYIsoft/NetSuite integration today

FYIsoft offers customers reliable benefits, including a faster period close, easier report generation, efficient report distribution, mobile access, enhanced data integrity, and ROI within weeks.

Request a demo today and learn how FYIsoft can cut 10+ days off your next period close. A financial reporting expert will show you how FYIsoft’s integration with NetSuite makes it easy to dramatically improve your financial reporting capabilities, without replacing your ERP.