Financial Reporting Software Benefits
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.
- 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 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
FYIsoft makes consolidating data from different sources, locations and currencies quick and easy.
- Integrates with any general ledger system (or Excel) to import and standardize data, and automate the creation of beautifully formatted, consolidated reports
- Provides a global picture of corporate financial performance for multiple companies or lines of business
- Translates multi-national balances into a single currency (or multiple currencies, if desired)
Close Management - Efficiency & Speed
CFO’s today are feeling pressure to reduce the time required for period close processes. Preparing board-ready financial statement is taking too much time, and adding unnecessary stress to financial teams that are already stretched too thin. Combine that with a lack of visibility, and fragmented data from multiple systems, and you’re left with significant bottlenecks in the closing process.
If you are finding that Excel is a slow and tedious process, and/or multiple general ledgers are a challenge, FYIsoft can bring new efficiencies in the following ways.
- FYIsoft can connect into multiple general ledgers at a time, thus saving a tremendous amount of work by the CFO, finance and/or accounting team
- Complete your period-end close process in hours versus days or weeks by automating a more efficient workflow
- Drill down to the transaction level right from the report to ensure accurate reconciliations
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