SOURCE: Flexi Software

September 27, 2007 10:24 ET

Federal Home Loan Bank of Topeka Selects Flexi Software

The Member-Owned, Federally Chartered Corporation Chooses FlexiLedger

NAPLES, FL--(Marketwire - September 27, 2007) - Flexi, a provider of world-class accounting software and services, announced today that Federal Home Loan Bank of Topeka (FHLBank Topeka) has selected Flexi solutions to meet their General Ledger and Budgeting needs.

FHLBank Topeka created a project to replace their existing General Ledger (GL), which was DOS-based and purchased several years ago. In order to enhance their accounting capabilities, streamline internal business processes, and maximize the efficiency of their accounting department, FHLBank Topeka was in search of a comprehensive GL package from a reliable software vendor.

After an extensive evaluation process of a number of competing accounting software vendors, Flexi was ultimately selected as the vendor of choice.

Flexi Chairman and CEO Stefan R. Bothe said, "We are very pleased with the strong customer-vendor partnership we have formed with FHLBank Topeka. Our solution is well positioned for financial services organizations that want to streamline their business processes, and we are committed to their success. We are honored that FHLBank Topeka selected Flexi for their accounting software needs."

Last year, Flexi decided to supplement its successful partnership sales program with a direct sales effort into the Banking and Financial Services industry. In addition to FHLBank Topeka, Flexi recently welcomed Superior Bancorp, Ferrari Financial Services, City Holding Company, and Eastern Financial Florida Credit Union as new customers, and assisted a global financial services company in rolling out Flexi products in 38 countries.

About FHLBank Topeka

FHLBank Topeka, a privately owned, federally chartered corporation, promotes housing and homeownership by providing wholesale products and services that help member financial institutions expand the availability of mortgage credit, compete more effectively in their markets and foster strong and vibrant communities. With more than $50 billion in assets, FHLBank Topeka serves 877 banks, thrifts, credit unions and insurance companies throughout Colorado, Kansas, Nebraska and Oklahoma. FHLBank Topeka employs approximately 170 people and is located in Topeka, Kansas. For more information, visit www.fhlbtopeka.com.

About Flexi

Founded in 1991, Flexi develops, markets, and supports the Flexi suite of financial and accounting software for companies within the banking and financial services industries. Flexi's system streamlines business processes, integrates with current 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.

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