FYIsoft is focused on simplifying even the most complex financial environments with software designed to streamline and automate the financial reporting and FP&A processes. Our AI-powered solutions for reporting, analytics and budgeting enable finance and accounting teams to speed and simplify their financial close cycle and make better data-driven decisions, with the reliability and convenience of one unified platform.

  

FYIsoft’s solutions are designed to be easy to use and fast to implement, whether deployed in the cloud or on-premises. All of our solutions are loaded with time-saving features including flexible general ledger integration, single sign-on, multi-entity consolidation, and multi-currency translation for multi-national companies.

f0e4f072-600a-4374-94e3-7af360fe5e32.png

VP Sales

069a7bc8-3a2c-4b9b-a834-9f44840b0d37.png

FYIApp: Org Tree is powered by UiPath's Intelligent Automation Platform.  It streamlines and accelerates the Organization Tree feature within FYIsoft’s ReportFYI solution.  ReportFYI provides customers with the ability to create, consolidate, package, and distribute perfectly formatted financial reports within seconds - even in complex, multi-entity and multi G/L environments.  ReportFYI streamlines and accelerates multi-entity reporting by providing the ability to consolidate and report on multiple companies, locations, or departments with disparate GL data sources, chart of accounts, or fiscal calendars – even providing the ability to drill down into any account and view transaction-level details, 24/7 from any device.

  

Organizational Tree is a feature within ReportFYI that saves tremendous time whenever new reports are needed or reports need to be changed, which is frequently for many rapidly growing companies. However, for larger organizations with many entities, the initial set up of up this “Org Tree” structure requires an up-front time investment that customers may not be willing to make, which severely limits their ability to fully leverage the power of FYIsoft.  **With this FYIApp, FYIsoft customers can easily set up reports independently, with the help of UiPath Bots, with very little learning curve, thus gaining the full time-saving advantages of ReportFYI**.

  

This FYIApp unburdens the accounting staff from having to manually design, set up and maintain the organizational trees structure within ReportFYI - a UiPath Bot does the heavy lifting for them. The FYIApp provides automated workflows built on UiPath to save significant time and resources during the initial setup of the ReportFYI solution. Additionally, it is a valuable tool for viewing your organization’s financials in different ways, facilitating frequent company reorganizations, and easily accommodating merger and acquisition reorganization activities.

  

With the org structure in place, ReportFYI users can now make any changes with drag-and-drop ease.  For example, if Territory A moves from Branch Manager Sam to Branch Manager Sue, users simply drag the folder for Territory A from Sam’s hierarchy to Sue’s, and **All Financial reports are instantly updated**.  The same can be done if the chart of account changes: the new or changing account code can be “dragged” under its proper parent account grouping and all reports are instantly changed.

  

Please see a short video presenting the FYIApp .

This first FYIApp: Org Tree leverages UiPath Bots to make it easy to quickly set up and/or change organizational hierarchies, account codes, reports or structures within FYIsoft's ReportFYI. This is especially beneficial for fast-growing, complex, multi-entity and multi G/L company environments.

9eb4c508-b5b2-4e6d-88a1-6edbe190c9cb.jpg

The FYIApp, Org Tree, makes it easy for accountants to set up or change reports, account codes or structures within FYIsoft's financial reporting software, ReportFYI.

  

With the Org Tree structure in place, users can fully leverage the time-saving benefits of this feature with the ability to instantly change reports to reflect new accounts, acquisitions or organizational restructurings through a simple drag-and-drop.

  

**Report Setup:** Organizational Tree is a feature in ReportFYI that customers love. It saves tremendous time whenever new reports are needed or reports need to be changed, which is frequently for many companies. There is an upfront time investment needed to set up the initial structure. The Org Tree RPA automates much of this process.

  

**Report Changes**: Anyone charged with financial reporting knows that a simple change or ad hoc request can mean hours of work. The problem is compounded for Excel users. These types of changes are very time consuming and can be riddled with manual errors. With the ReportFYI Org Tree structure in place, these changes can be made instantly with a simple drag-and-drop.

  

FYIsoft’s leading financial reporting and FP&A solutions team with UiPath Bots to deliver intelligent automation designed to speed the financial close process.

Instantly Set Up or Change Financial Reports

af3022d3-f894-46b9-ba68-28274c49775d.jpg

Intercompany Eliminations RPA makes it easy for users of ReportFYI to automate the process of identifying potential intercompany transaction matching. This process typically requires manual efforts to identify and match, which slows down the financial close process.

  

With Intercompany Eliminations RPA, ReportFYI users can set matching criteria, and automatically filter through massive amounts of general ledger transactions, across multiple related companies within a period, to quickly identify potential intercompany transaction matching.

  

Summary: The FYIApp, Intercompany Eliminations, enables ReportFYI users to automate the process of identifying potential intercompany transaction matching, saving countless hours of time every close and speeding the financial close process.

  

Key Objectives:

*   **Greater efficiency -** Allowing a bot (RPA) to perform the repetitive tasks of scouring countless GL transactions each month and identifying potential intercompany transactions, freeing up employees to pivot to more value-added activities.
*   **Disparate types of intercompany transactions**. The ability to set multiple user-defined criteria and run the automated matching process in multiple rounds of review, allows various ways to find possible matches – all while leveraging the RPA app to do the heavy lifting.
*   **Coordination challenges between entities**. Through rules-based automation, accounting staff can better manage the flow and communication between entities to ensure an optimal intercompany commerce process. It also enables teams to quickly and more accurately identify one-sided transactions that require the other legal entity to make offsetting journal entries on their books.

FYIsoft’s leading financial reporting and FP&A solutions team with UiPath Bots to deliver intelligent automation designed to speed the financial close process.

Automate Intercompany Eliminations and Exception Reporting