Naples, FL – October 12, 2021 – FYIsoft, a leading provider of solutions that speed and simplify financial reporting, planning, and analysis, announces the availability of RPA-powered applications. The applications (“FYIApps”) enhance FYIsoft’s core solutions with additional automation capabilities in targeted areas that traditionally slow down the financial close.
By leveraging RPA technology, FYIsoft customers can further automate processes that remain routine and highly manual, where RPA and AI can greatly improve productivity. Two FYIApps are currently available, each designed to automate a component of the key functions that typically burden finance and accounting teams:
- Instantly Set Up or Change Reports – The FYIApp, “Org Tree,” leverages RPA to automate the manual processes involved with setting up organizational reporting structures within ReportFYI. With the Org Tree in place, customers can make any changes needed to reorganize reporting structures or see different views of the financial data with drag-and-drop ease, a significant time saver especially compared to Excel-based reporting solutions.
- Automate Intercompany Eliminations – This FYIApp automates intercompany reconciliations and exception reporting, which continues to be a tedious, manual process for many accountants. By leveraging RPA and AI, large volumes of transactions can automatically be reviewed to identify potential intercompany transaction matching, saving valuable time and improving the speed and accuracy of the financial close process.
RPA-powered applications reinforce FYIsoft’s commitment to continually leverage innovative technologies to deliver reporting and FP&A solutions that dramatically increase efficiency, shorten the close cycle, and result in an impressive ROI. To learn more about the company, visit https://www.fyisoft.com.
About FYIsoft, Inc.
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.