Symfio + ABRA Flexi: Cloud accounting completed with cloud financial management

ABRA Flexi, formerly known as FlexiBee, became a favorite of modern companies and startups mainly because it runs in the cloud and offers an open API. Accounting thus keeps up with a company that works online. What accounting alone cannot do, however, is the management view: understandable reporting for founders and investors, a cash flow outlook and keeping an eye on the plan. This is exactly where Symfio comes in. It connects to ABRA Flexi via API and automatically builds the kind of financial management larger companies have, just without the large finance department. Two cloud solutions, one connection and zero manual work.

What does connecting Symfio and ABRA Flexi bring you?

1. API connection in no time

ABRA Flexi offers an open REST API and Symfio connects to it directly. Synchronization runs automatically, with no exports, no files and no changes to the accounting. Once the accountant posts the documents, the changes appear in the reports with the next update.

2. Investor reporting in a few clicks

Startups report to investors every month, and preparing the materials can swallow whole days. Symfio compiles the profit and loss statement, cash flow and key metrics automatically, in the structure you agreed with your investors. Reporting turns from a chore into a routine of a few minutes.

3. Cash flow under control from day one

The built in cash flow planning tool works with receivables, payables and planned items from ABRA Flexi. You know how many months of runway you have, when a tight period is coming and how the outlook shifts with every invoice. For a company growing on its own resources or on an investment, this is essential information.

4. Plan versus actual without spreadsheets

You upload your budget or financial plan to Symfio and the system continuously compares it with actuals from the accounting. You see deviations immediately, by month and cumulatively, and you do not have to maintain any Excel file with formulas that break every now and then.

5. Management accounting that grows with you

Custom categorization and tagging of cost centers, projects, activities and analytical accounts lets you start simple and add detail step by step. When one company grows into a group, Symfio reports it in a unified way in one place.

How the connection works

Symfio runs in the cloud, just like ABRA Flexi, so there is nothing to install on your side. The connector links via API and synchronizes data regularly, typically overnight. Symfio does not write into the accounting database; it only reads the data.

The technical part of implementation usually takes single hours. The managerial part takes longer: setting up the reporting structure, categorization and plans. How long it takes depends on how well your company has its financial reporting thought through. If you do not have a finance manager yet, which is common for startups, we can help through our fractional CFO services.

Key benefits for users

• Time saved: reporting prepares itself, with no exports or copying.
• Better decisions: reports and forecasts come straight from accounting data.
• Fewer mistakes: manual data handling drops to a minimum.
• Data driven management for groups too: several companies clearly in one place.