Naples, FL – May 2, 2022 – FYIsoft, a provider of financial reporting and FP&A software, announces three new product releases completed during the first quarter of 2022. Holistically, the product updates bring FYIsoft closer to its goal of simplifying and automating financial reporting, planning, and analysis processes to enable a faster, more accurate financial close.
ReportFYI® 10.0 enhancements are focused on greater ease of use and back-end security updates. Based on feedback from customers, end users will enjoy even easier report creation and changes with added drag-and-drop functionality.
Financial Planning and Budgeting:
BudgetFYI™ 3.0 enhancements are highlighted by the release of a new Workforce Planning module, enabling the seamless planning of operational and HR-related budgets through one cohesive system.
“When we sought customer feedback on prior versions of BudgetFYI, the addition of Workforce Planning was among the most requested feature,” said Grace Bolen, FYIsoft’s Chief Product Officer. “We are pleased to deliver this new functionality and continue to evolve our product roadmap that reflects both customer input and industry needs.”
In addition to Workforce Planning, FYIsoft customers also benefit from enhanced security and authentication, greater ease and “wizard” assistance in creating new budget scenario templates, and additional usability improvements.
ConnectFYI® 8.0, FYIsoft’s proprietary technology that enables the integration between FYIsoft and many ERP systems, has been further strengthened to support FYIsoft’s growth plans.
ConnectFYI not only extracts financial data directly from the customer’s general ledger(s), but also translates and automatically converts the data into a standard reporting format – a process that remains highly manual for accounting teams charged with consolidating multiple entities, ERP systems, or currencies.
For FYIsoft customers, ConnectFYI enables tremendous time savings by automating the consolidation and reporting of data from multiple sources. Continued enhancements to ConnectFYI also result in greater connectivity with additional ERP systems, providing customers with the flexibility to change ERP systems in the future without disrupting financial reporting and FP&A processes.
Learn more about FYIsoft’s solutions by visiting the company’s website at FYIsoft.com.
FYIsoft is committed to enabling finance and accounting teams to speed and simplify the financial close cycle and make better data-driven decisions with its unified platform for reporting, planning and analysis (FP&A). Ideal for proactive CFOs desiring the ability for teams to work efficiently without relying on IT or costly customizations by consultants, FYIsoft’s software is ready to use with robust features not typically found in the mid-market. See how FYIsoft is improving productivity by 50% or more for finance and accounting professionals around the world at www.FYIsoft.com.