Name: Flexion
Author: URC Infotec

Help Desk

Web and Video Conferencing

Customer Support

Flowchart

Text Editors

Version Control

Development

School Management

Education

Business Intelligence (BI)

Calibration Management

Collaboration

Enterprise Search

Meeting Management

Enterprise

Accounting

Accounting and Tax Services

Anti-Money Laundering (AML)

Cryptocurrency Wallets

Financial Research

Financial Risk Management

Hedge Fund

Tax Compliance

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Monitoring

Employer of Record (EOR)

HR Management

International Payroll

On-Demand Payment

Payroll

Resume Parsing

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Business Process Automation

Cloud Data Warehouse

Cloud Storage

Complex Event Processing

Component Content Management

Data Governance

Density-Optimized Servers

Fraud Detection

Hosted Virtual Desktop

Integrated Development Environment (IDE)

Integration Platform as a Service (iPaaS)

Metadata Management

Network Performance Monitoring

Network Traffic Analysis (NTA)

Product Implementation Services

Test Management

User Activity Monitoring

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Customer Loyalty Program

Email Marketing

Location Intelligence

Marketing Automation

Referral Marketing

Search Marketing Intelligence

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Transcription

Professional Services

Customer Relationship Management (CRM)

Sales

Data Loss Prevention

Data-Centric Audit Protection (DCAP)

Operational Technology (OT) Security

Security Information and Event Management (SIEM)

Security

Awards Management

Car Rental

Construction Accounting

Legal Research

Retail Execution

Vertical-Specific

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Flexion, developed by Tactive Software, is a Construction ERP Software aimed at streamlining operations and enhancing efficiency in the construction industry. The vendor claims that Flexion is suitable for companies of any size, catering to the needs of construction companies, engineering firms, project management teams, procurement departments, and finance and accounting teams. With its range of features and functionalities, Flexion aims to be a valuable tool for professionals in the construction and related industries.

## Key Features

**Real-Time Dashboards**: According to the vendor, Flexion provides real-time dashboards that offer a comprehensive view of key metrics such as profitability, budget variance, job cost report, inventory status, asset utilization, human resources, salary flow, revenue ratios, and upcoming projects. It allows monitoring of project status, material availability, change requests, scope revision, approval status, plan versus actual status, unbilled activities, and receivable status from each client.

**Cloud-Based**: Flexion is a cloud-based solution that aims to enable easy and secure access to data from anywhere, at any time, using any device with an internet connection. The vendor claims that it provides scalability and flexibility to accommodate the growing needs of construction companies while reducing the need for on-premises infrastructure and maintenance costs.

**Mobile Application**: According to the vendor, Flexion offers a mobile application that allows field staff and project teams to access and update project information on the go. It aims to facilitate collaboration and communication between stakeholders, eliminating the need for manual data entry and paper-based processes. The vendor suggests that this can enhance productivity and efficiency in construction operations.

**Integrated Platform**: Flexion aims to provide a single integrated tool for construction management, eliminating the need for linking random software for different tasks. According to the vendor, it offers a unified platform for tender and estimation, budgeting and scheduling, project management, procurement, inventory, equipment, finance and accounts, and HR and payroll. The vendor claims that this integration streamlines processes, reduces errors, and improves overall operational efficiency.

**Comprehensive Financial Monitoring**: According to the vendor, Flexion enables CEOs and finance heads to track fund utilization, cash flow analysis, payables and receivables, and utilization status for bank guarantees/letters of credit. It aims to provide a quick view of financial performance, budget variance, and cost control, allowing for better financial decision-making.

**Project Monitoring and Control**: The vendor claims that Flexion allows regional heads and project managers to get an overview of project status, material availability, change requests, scope revision, and approval status. It aims to enable a fine comparison of the plan and actual status of the project, tracking of unbilled activities, receivable status from each client, and effective management of critical issues, constraints, and client queries.

**Streamlined Procurement and Equipment Management**: According to the vendor, Flexion helps procurement heads, purchase managers, and equipment managers in identifying idle stock/equipment and allocating them to required sites. It aims to facilitate RFQs creation, vendor rating, and relationship management. The vendor suggests that the software conducts ABC analysis of inventory and analysis of high-value items, enabling efficient operation tracking and scheduling of preventive and corrective maintenance.

**Efficient Budgeting and Scheduling**: Flexion aims to support easy creation and quick submission of responses to budget inquiries. According to the vendor, it seamlessly integrates with MS Projects and Oracle Primavera for project tracking and scheduling. The software also provides inbuilt templates for rate analysis and creating project BOQs. The vendor claims that detailed analysis of failed tenders through lost-bid analysis is also available.

**Real-Time Data Communication**: The vendor claims that Flexion's mobile application enables real-time data communication and remote location monitoring. Field staff and project teams can access and update project information on the go, facilitating collaboration and communication between stakeholders. The vendor suggests that this can enhance productivity and efficiency while eliminating manual data entry and paper-based processes.

**Unified HR and Payroll Management**: Flexion's integrated platform includes HR and payroll management features, allowing companies to streamline their human resource processes. According to the vendor, it provides functionalities for employee data management, salary calculation, attendance tracking, leave management, and payroll processing, ensuring accurate and efficient management of the workforce.

Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.

Standard

Custom

Odoo

Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

Acumatica

Flexion

Enterprise Resource Planning (ERP) Systems are business management software that allows an organization to use a system of integrated applications to manage the business. ERP systems integrate development, manufacturing, sales and marketing.

Enterprise Resource Planning (ERP)

URC Infotec

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Journals and Reconciliations

Automate and synchronize ledgers and processes

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

Billing Management

Access role-based billing work area, perform discrete and recurring billing

Cash and Asset Management

Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments

Travel & Expense Management

Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement

Budgetary Control & Encumbrance Accounting

Control spending at any budget level or time interval

Period Close

Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

Custom reports

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

API for custom integration

An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.

Plug-ins

A number of third-party plug-ins are available to expand the core functionality of the software.

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

Role-based user permissions

Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

Single sign-on capability

The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

Multi-factor authentication

User-level audit trail

Grants Management

Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding

Award Lifecycle Management

Manage the life of program funding awards from initial funding to close-out

Project Financial Management

Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.

Budgeting and Forecasting

Establish project budgets and forecast future project financials

Project Costing

Standardize, track, and control costs at all project phases

Flexion

Overview

What is Flexion?