A Faster Period Close is Something All Accounting Professional Dream Of– FYIsoft Can Help

Accounting professionals may disagree on processes and workflows, but they often agree on at least one point: that a faster period close is preferred and beneficial to business. Did you know that FYIsoft can save up to five days on your close? What could your staff accomplish with up to five days gifted back per period close? Financial executives will be thrilled to hear that the time saved can be reallocated to strategy and analysis. Is a faster period close too good to be true? No. But how can your organization make it happen? Today’s executives know how much pressure there is to save time and money; the bottom line is at the forefront of every executive’s mind. Preparing pristine, accurate financial statements can be a time-consuming endeavor, and combined with a lack of visibility and fragmented data, many accounting teams are stretched beyond their means. Fortunately, FYIsoft financial reporting solutions can help your organization do the following: Managers and decision makers no longer have to wait to get answers from their accounting department--instead, they can analyze their own financial statements and quickly drill down to account level and transaction details Reports and entries can also be analyzed all the way back to the transaction details, and alerts can be created using if/else statements FYIsoft’s data auditing and validation feature can even check your work, and reports can easily be exported to Excel for further analysis FYIsoft to the rescue FYIsoft can offer new efficiencies that help you achieve and maintain faster period closes. FYIsoft can connect to multiple general ledgers at a time, as well as drill down to the transaction level right from the report to ensure accurate reconciliations. With FYIsoft, it’s possible to complete your period-end close process in hours--rather than the days or weeks it often [...]

By |2019-02-13T12:54:28-04:00April 10th, 2018|FYIsoft|Comments Off on A Faster Period Close is Something All Accounting Professional Dream Of– FYIsoft Can Help

How FYIsoft’s Financial Reporting Software Can Cut 10+ Days Off Your Period Close

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. FYIsoft’s financial reporting software solves even the toughest accounting challenges your organization faces: 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 multi-national 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. Our software can slice and dice any distributions needed, giving you confidence that you’re delivering the right data to the right people. And, FYIsoft’s financial reporting software can cut 10+ days off your period close. Other perks of FYIsoft financial reporting software: Easier report generation - Flexi’s 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 - 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. [...]

By |2019-02-13T13:21:46-04:00November 21st, 2017|FYIsoft|Comments Off on How FYIsoft’s Financial Reporting Software Can Cut 10+ Days Off Your Period Close