Flexi and Crestmark Bank

NAPLES, Fla./Monday, October 26, 2009 — Flexi, a provider of enterprise-class accounting software and services, announced today that Crestmark Bank attests to experiencing significant improvements in its overall accounting processes since implementing FlexiLedger® and FlexiPayables®, modules offered in the FlexiFinancials® suite of solutions, along with Microsoft’s FRx® Financial Report Writer,.

“Flexi’s products allowed us to control our accounting processes instead of having them in the hands of a service bureau — they really improved the speed and efficiency of our processes,” said Mick Goik, Executive Vice President and CFO of Crestmark Bank. “Furthermore, we have the option to gain more efficiency by adding more of Flexi’s integrated modules for Fixed Assets, Purchasing, Receivables, and Capital Projects as we continue to grow.”

Crestmark Bank’s accounting department was experiencing continuous growth and change. They required financial software solutions that were extremely flexible and scalable to meet their changing business environment, and a solution, that would integrate seamlessly with their Jack Henry Core Banking System, which is why they selected Flexi.

“We were looking to enhance our reporting structures and increase our business intelligence,” said Goik. “We also wanted the end-user to have more capabilities and options for doing their job. Flexi’s products not only afforded us drastic improvements in our reporting, we saw an immediate reduction in our General Ledger and Accounts Payable processing time as well. We no longer need to export, balance, and update an external reporting system to produce management reports and budgets.”

Stefan R. Bothe, CEO of Flexi Software, said, “Our main goal is to make our customers more productive and efficient with their accounting processes. That has been the motivation behind our products for the last 18 years.”

For more information on Flexi’s accounting solutions, contact a Flexi representative at 239-298-5700, 1-800-427-7292, or info@flexi.com.

About Crestmark Bank
Crestmark Bank is a provider of innovative working capital solutions for small- to medium-sized businesses nationwide. Headquartered in Troy, Michigan, Crestmark Bank has regional offices in Florida, Louisiana and Tennessee. Sales offices are located in Alabama, Arizona, California, Florida, Illinois, Louisiana, Michigan, New York, Ohio, and Texas.

About Flexi
Founded in 1991, Flexi develops, markets, and supports the Flexi suite of financial accounting software for companies within the banking, financial services, and insurance industries. Flexi’s solutions help streamline business processes by providing a solution that can be seamlessly integrated with other systems, and provides powerful and flexible accounting capabilities. The fully integrated suite includes General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, Purchasing, and Capital Projects. For more information, visit www.flexi.com.