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FYIsoft: Creating Financial Data is Hard

Creating Financial Data is Hard. But Reporting on it in a Beautiful, Intuitive Way Isn't... Thanks to FYISoft.

Stop fighting with a tool like Excel and start embracing a solution that is built to empower the way you like to work.

According to one recent study conducted by the experts at TechJury, every person will generate about 1.7 megabytes of new data every second by as soon as 2020. Internet users alone are already generating about 2.5 quintillion (!) new bytes of data every single day. When you're talking about volumes of information that are that significant, even the process of storing it all can quickly become an uphill battle... to say nothing of how challenging it is to extract the valuable insight hidden inside.

That critical goal is exactly what Corporate Performance Management tools - also referred to as CPMs - are designed to help with. Modern day CPM solutions put advanced modeling and planning capabilities at your fingertips. This, coupled with reporting and a number of other analytical tools, allows you to learn from the data you've already created to help anticipate the future of where your organization is headed.

Not only does a solid CPM solution allow you to gain immediate access to time-sensitive data, but it also empowers superior forecasting confidence, can eliminate delays in the decision-making process by reducing financial close and report cycles and more - all at the exact same time.

But it's also true that not all CPM solutions are created equally. When it comes time to invest in such an opportunity of your own, you're not looking for a "one size fits all" answer to your question. You need something that is every bit as flexible, scalable and unique as your organization.

With that in mind, there are a number of core reasons why FYISoft is an option that is more than worth a closer look for your business.

The Significant Advantages of FYISoft: Breaking Things Down

One of the major factors that make FYISoft unique is that it is both a stand-alone product that can be used by companies using a number of popular ERP systems, including Acumatica, Macola and Exact. This means if you move from Macola, your reports and data will move with you. Also, if you have multiple companies and are using multiple ERP systems, FYISoft may just be the reporting and consolidation tool you are looking for.

At its core, FYISoft is a solution that brings about fast, easy and accurate financial reporting in a wide range of different ways:

  • Take back your time. FYISoft is a tool designed to simplify every step of your financial reporting process, regardless of how involved that process happens to be. Because of that, FYISoft's developers estimate that you can save 10 or more days with EVERY close.
  • No coding required. FYISoft is a cloud-based solution that is as easy-to-use as it is intuitive. Reports are very easy to set up or change, all WITHOUT the need to learn to code or bringing in the IT department.
  • Superior accuracy. Because FYISoft pulls its data directly from your general ledger, the risk of manual input errors is virtually eliminated. This means that not only do you get financial statements faster than ever, but they're also far more accurate. Note that of course, you can also bring other, non-general ledger information directly into FYISoft, too.

Again, the beauty of FYISoft comes by way of the fact that it's both a stand-alone product and one that can be easily integrated with other solutions you're already using, like those from Acumatica. So, if you want to use it independently of your ERP system, you can. If you want to use it INSIDE your ERP system to create even more visibility into your data, you can effortlessly do that, too.

Data that Connects the Dots

FYISoft also brings with it a wide range of additional benefits, including but not limited to ones like:

  • Simple multi-entity reporting. Stop wasting time consolidating multiple reporting units and streamline this process by as much as 50%. FYISoft is your chance to complete timely, accurate reports in MINUTES, not HOURS.
  • Automated distribution. Get reports into the hands of the people who need them instantly, all with just a few quick clicks of your mouse.
  • Perfect formatting creates perfect statements. Whether you're expanding your enterprise or are looking for opportunities to improve the efficiency of your supply chain, FYISoft is built to create perfectly formatted financial statements at all times. Stop fighting with a tool like Excel and start embracing a solution that is built to empower the way you like to work.

Because of all this, FYISoft has a place in virtually every industry you can think of - especially those like manufacturing, wholesalers and distributors and more. Real-time financial information can give you an instant idea about the profitability of your supply chain, for example, allowing you to support and empower those areas that are working and immediately address those that aren't. It can even help you make better decisions when it comes to the profitability of something like a last-mile delivery service, helping to confirm that your current efforts are paying off in the ways that you assume they are.

Read to see for yourself?

If you think that all of these features and benefits make FYISoft sound exactly like the solution you've been clamoring for... just wait until you have a chance to see it in person. To take this innovative solution for a spin on your own terms, give us a call today or send us an email to set up a demo.

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