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FYIsoft Review

FYIsoft
Our score: 8.0 User satisfaction: N/A

What is FYIsoft?

FYIsoft is a financial reporting software that meets a small to medium company’s high volume reporting needs. It supports multi-entity reporting, a feature that is beneficial to organizations with multiple reporting units. Distributing these reports is an easy process as well since a single click is all that is required for the data to reach the intended recipients.

Drilled-down details of financial reports are easily accessible for you and your team too. That is because FYIsoft’s financial reporting capability works around the clock. All they have to do is click on a line item to see a comprehensive description. With this, your finance team can save plenty of hours from answering individual questions.

Overall, you can rely on FYIsoft to help you organize your accounts. Thus, you can maintain your organization’s financial health.

Overview of FYIsoft Benefits

Multi-Entity Reporting

For organizations with multiple reporting units, FYIsoft’s multi-entity reporting feature can help. This consolidates disparate and distributed data into a standardized format. What’s more, the solution offers the capability to report at any level—from the unit to the company.

One-Click Information Dissemination

Distributing reports to the necessary individuals does not have to be a challenge anymore with FYIsoft. That is because the software only requires a single click to distribute reports to different individuals. Even those outside of the organization can be included in the group distributions. Additionally, you can schedule report distributions in advance so that you can get the right data to the right people at the most opportune times.

Drill-Down Reports

Though FYIsoft can give you comprehensive overviews, it is still capable of providing you with in-depth descriptions. You can see this when you access line items, where you can find answers to the most exacting questions. This is possible for scanned invoices, too. On top of that, you can generate and access reports any time from any device, thus allowing your finance team to conduct independent financial analysis. Plus, the solution protects the financial statements from alterations to preserve their integrity.

Automatic Report Formatting

FYIsoft connects to your general ledger directly to produce perfectly formatted reports. This way, you can meet the standards set by executive boards, auditors, and other bodies out of the box. Since no manual editing is necessary, you can save time and focus your efforts into other critical tasks.

Overview of FYIsoft Features

  • Multi-entity Reporting
  • Automated Report Distribution
  • Formatted Financial Statements
  • Currency Translation
  • Auditing
  • Rolling Forecasts
  • Report Library
  • Multi-language Reports
  • Side-by-side Balance Sheets
  • GL Integration
  • Account Collections
  • Custom Security Settings

What Problems Will FYIsoft Solve?

Problem #1: Accurate Financial Reports

CFOs can be confident when presenting financial reports to the board because FYIsoft helps them create accurate and error-free documents. This is possible because the software can connect with the general ledger for automatic data pull, thus reducing mistakes.

Problem #2: Drill-Down Independent Analyses

Authorized users in the company can access financial reports and view line items’ descriptions. This feature allows them to conduct independent analyses to answer their questions. This also reduces the stress on the finance team because they no longer have to take calls about financial statements. Additionally, they can secure the web-based reports against unauthorized modifications to preserve their integrity.

Problem #3: Multi-Entity Reporting

When a company is ready to expand, the financial and accounting teams are in charge of preparing financial statements of newly acquired companies, new divisions or account codes, and modifications in reporting structures and management hierarchies. With FYIsoft, dealing with these reports is less arduous because of the solution’s multi-entity reporting capability. This lets the finance and accounting teams adapt to changes easily while ensuring the accuracy of the numbers.

Awards & Quality Certificates

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

FYIsoft Position In Our Categories

Because companies have special business-related wants, it is only practical that they steer clear of getting a one-size-fits-all, “perfect” software system. However, it would be difficult to try to pinpoint such an app even among well-known software solutions. The efficient thing to undertake is to shortlist the numerous key aspects that necessitate investigation like essential features, plans, technical skill competence of staff, company size, etc. Next, you should do your research thoroughly. Have a look at these FYIsoft analyses and explore each of the software programs in your shortlist more closely. Such all-encompassing research ascertain you avoid unfit applications and subscribe to the one that delivers all the aspects you require company requires.

Position of FYIsoft in our main categories:

FYIsoft is also listed in the following subcategories:

Since each enterprise has unique business requirements, it is prudent for them to abstain from seeking a one-size-fits-all faultless software solution. Needless to say, it would be futile to try to find such a platform even among popular software platforms. The smart thing to do would be to catalog the various vital aspects that require consideration such as key features, finances, skill levels of workers, company size etc. Then, you should do your homework thoroughly. Read some FYIsoft Financial Reporting Software reviews and check out each of the other solutions in your shortlist in detail. Such exhaustive research can ensure you weed out ill-fitting platforms and select the system that presents all the elements you require for business success.

How Much Does FYIsoft Cost?

FYIsoft Pricing Plans:

Free Trial

FYIsoft

Contact vendor

FYIsoft is a financial reporting software that accelerates your report generation processes. If you are interested in transforming your workflow with this product, you can request custom enterprise pricing by phone or by email.

User Satisfaction

Positive Social Media Mentions 0
Negative Social Media Mentions 0

We realize that when you make a decision to buy Financial Reporting Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and FYIsoft reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with FYIsoft. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Technical details

Devices Supported

  • Windows
  • Linux
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Quote-based

Customer Types

  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are FYIsoft pricing details?

FYIsoft Pricing Plans:

Free Trial

FYIsoft

Contact vendor

FYIsoft is a financial reporting software that accelerates your report generation processes. If you are interested in transforming your workflow with this product, you can request custom enterprise pricing by phone or by email.

What integrations are available for FYIsoft?

FYIsoft’s list of integrated solutions continues to grow. Currently, it supports the following:

  • Acumatica
  • Apprise
  • Chempax
  • Dexter+Chaney
  • Elite (Thomas Reuters)
  • Ellucian
  • Epicor
  • Flexi
  • Infor
  • IFS
  • Jack Henry Banking
  • Macola
  • Microsoft Dynamics
  • NetSuite
  • Plex
  • Restaurant365
  • Sage
  • Stone River
  • Sungard
  • VerticaLive
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Reviewed By Nestor Gilbert
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