FYIsoft FAQs

  • Who is FYIsoft best for - their role(s) within what kind of companies.

    FYIsoft is ideal for companies with complex or frequently changing reporting needs such as multi-entity or high-growth environments. These environments typically present challenges that slow down the financial close or require significant manual work in the consolidation of disparate data. FYIsoft automates this process, with the unique ability to consolidate financial data from many different sources and standardize that date for reporting, analysis, and budgeting purposes.

  • How technical do users need to be to use FYIsoft's software?

    FYIsoft solutions are designed to be easy to use for our customers. Finance and accounting teams can use the software independently to create or change any reports needed, without relying on help from IT or consultants. The software is accessible through a web browser, and most work can be done with drag-and-drop ease, including organization restructuring and any ad-hoc analysis.

  • What makes FYIsoft a leader in this space?

    FYIsoft's focus is on creating high value for our customers. We accomplish this by delivering exceptional FP&A software that is:
    1) loaded with features not typically found in the mid-market
    2) easy to use without costly services or ongoing maintenance
    3) works with many different ERPs so the existing ERP investment is optimized
    4) proven to deliver a strong ROI within a few short months

  • How/why is FYIsoft better than those competitors (or most others in their market)? What about FYIsoft is unique, stronger, easier, etc.?

    -Truly unified platform, where all data across planning and analysis auto-populates from actual reporting data without the risk of errors
    -Automated multi-entity consolidations and reporting
    -Automated multi-GL consolidations (invaluable for acquisitions or entities with different GL systems)
    -True, automated distributions with the ability to send an unlimited number of financial reports and packages with just one click
    -Ability for end users to click and drill down to all transaction level details behind any report or line item (a big time savings for accounting)
    -Accessibility to reports and financial data 24/7 from any device
    -Global currency conversions
    -Extreme flexibility to independently create any report, view, or analysis needed with drag-and-drop ease

  • What kind of features can customers expect FYIsoft to release in the near future? And longer term?

    FYIsoft is continually evolving our software to automate more of the manual tasks that typically slow down the financial close process. In 2021 we enhanced our FP&A platform with RPA and AI technologies and will continue to leverage these innovations in ways that make the financial close process easier, faster, and more accurate for our customers.