WHY THE MOVE TO FLEX-GL
FLEX-GL is a progressive step forward to integrating flexible Profit Centre Accounting into the heart of Balance Sheet Accounting. Its effects can free the business to move sales in one direction whilst allowing finance to move in another. A company procuring another would strive towards assimilating the new businesses products and processes into their own. They would want to share distribution points and yet insist on central master data, whether it is materials, customers or assets. At the same time the business would want to produce Balance Sheets and financial reports for the new business independently and jointly to their own.
Not all companies are procuring others, but clearly the objectives are the same; centralised master data and clear financial reporting at a Balance Sheet level showing clear divides.
Flex-GL allows for this and hence the benefits are clear, but the risk of reshaping finance is met with resistance and apprehension.
The simple reason is RISK.
Intedex and Reflex - delivers a solution that drastically reduces the elements of risk by enabling a parallel implementation, running Flex in a Test client that is synchronized to Production Financial data.
Synchronizing financial data with a Test Client. It is critical that any implementation of Flex be fully tested on current financials across as many business scenarios as possible. Repetitive client copies would seriously penalize the rest of the support team, making a refresh of selective data in a test client a far more suitable and risk free approach.
to provide a comprehensive, repetitive Flex-GL rebuild using current financials and allowing numerous configuration changes to Splitting Rules. The impact is immediately realized as errors and requirements are made visible early in rather than on the Production go-live day. A refresh of Flex is critical in that one business scenario can impact another. Current configuration may work, but historic documents may not work without toggling configuration. These scenarios require thorough testing that is far easier to do with tools that provide for repetitive Flex-GL rebuilds. Together these products offer all companies implementing FlexGL an enormous ROI as well as peace-of-mind. Companies can now harness the power of FlexGL and gain the competitive edge to drive the business forward in a global market.