FlexiFinancials Review - why 4.4 stars?

Shlomi Lavi / updated: Jul 31, 2022

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What is FlexiFinancials?

FlexiFinancials, developed by Flexi Software, is a full suite of accounting solutions for companies in several industries including Banking, Insurance, and Financial Services. The FlexiFinancials suite consists of a cohesive set of financial accounting modules that can operate independently or seamlessly integrate with third-party applications.

The FlexiFinancials suite is easily scalable to meet the unique requirements of global enterprise organizations requiring multi-currency and multi-company capabilities.

Flexible and powerful business rules-driven modules allow companies to easily configure FlexiFinancials to meet their business requirements — nothing is hard-coded. Automated batch processing or real-time processing options put companies in control of how they want to process their data. Easily attach spreadsheets, documents, or notes to any transaction for supporting details.

The FlexiFinancials suite has several security controls and auditing capabilities to help companies deal with the increasing amount of regulation and compliance burdens in today’s business world.

The FlexiFinancials suite consists of the following financial accounting modules:

• FlexiLedger
• FlexiPayables
• FlexiPurchasing
• FlexiAssets
• FlexiProjects
• FlexiReceivables
• FlexiControl

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Who is it best for?

Medium-sized to enterprise organizations in the Banking/Credit Unions, Insurance, Financial Services, Healthcare, Food & Beverage, and Hospitality industries.

Main features and functionalities

Business Rules-Driven
Scalable
Multi-company, Multi-currency
User-configurable
Pre-packaged solutions for banking and insurance for quick deployment
Proven integration expertise for automated solution
Industry-leading workflow and eInvoicing capabilities
Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Cash Management
Collections
Consolidation/Roll-Up
Expense Tracking
Financial Reporting
Fixed Asset Management
Fund Accounting
General Ledger
Government
Project Accounting
Purchasing
Spend Management
Tax Management

What is the actual cost?

ITQlick pricing score is 6.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for FlexiFinancials. You can also find here pricing information from FlexiFinancials's website.

Pros

• Being a core repository of financial transactions, it is excellent for financial analysis and reporting
• Gives businesses control over how they manage expenses, cash flow and vendors
• Facilitates the purchasing process by streamlining it and automating the generation of purchasing orders
• Provides the ability to easily manage and track invoices, credit, cash receipt and collections
• Offers flexibility by integrating all modules seamlessly. Modules can also work independently of each other

Cons

• The software is only available in the English language
• It is only compatible to Windows operating system, cannot be used on Mac or Linux
• Interface is certainly not the most appealing, reminds of Windows 2000
• Lacks cloud based features like real time online collaboration

How it stacks up?

Access a head to head analysis of FlexiFinancials vs alternative software solutions.

Frequently Asked Questions (FAQs)