Financial Management Software Provider, FlexiInternational Software, Inc., Discusses the Benefits of Real-Time Financial Data for Today’s Finance Executives
FlexiInternational Software, Inc., a leading provider of powerful financial management software, discusses the benefits of real-time financial data in today’s world.
Shelton, CT (PRUnderground) April 21st, 2020
Companies of all sizes rely on their accounting software to keep track of the money flowing in and out every day. In today’s high-tech day and age, the more data these companies have at their fingertips, the better – but only when that data is as accurate, complete, and relevant as possible. Though looking back on past transactions can help, real-time data provides a higher level of financial visibility that allows companies to outperform competitors and make better decisions. FlexiInternational Software, Inc., a leading provider of financial software and experts in their field, discusses some of the most important benefits associated with real-time financial data.
Companies with access to real-time data have the ability to spot things like fraud or mistakes more quickly than those still relying on older data – even data from the day before. When data flows in real time, it’s easier to spot suspicious transactions and act on them sooner. In turn, you can speed up your bank reconciliations, and over time, you may even see fewer errors.
Accurate real-time data also gives companies the leverage they need to set and reach business goals. For example, a goal to increase revenue by 10% is much easier to meet when finance executives can track data as it comes in for discrepancies. Comparing real-time data to historical data also provides room to adjust if things seem to be off track.
With cloud-based financial management software that provides real-time updates, all the departments within a company gain access to the latest information at the same time. The automated workflow allows documentation such as request approvals, asset tracking, contract management, and more to move through the various departments more quickly. This improved productivity translates to better efficiency, and in many cases, increased revenue.
Though any industry can benefit from real-time financial data delivered via a powerful cloud-based platform, industries such as finance, healthcare, insurance, and banking – those that process thousands upon thousands of transactions each day – can benefit the most from a streamlined, simplified process.
To learn more about FlexiInternational Software, Inc. and their powerful financial management software, visit their website today. You can also contact them at 1-800-353-9492 or fill out a short contact form if you have questions. You can even request a demo to find out how Flexi can improve and streamline your company’s operations by providing you with access to accurate, real-time data.
About FlexiInternational Software, Inc.: FlexiInternational Software (Flexi) was formed over 25 years ago with a mission to bring powerful financial management software to companies of all sizes. Their goal was to create a platform that offered all the same benefits as its expensive Tier One ERP competitors and provided access to the tools that companies needed in today’s high-tech world. Flexi is a SOC 2 Type 1 certified provider focused on helping accountants and financial executives gain access to the data they need in real time.