<PAGE>
                         ______________________________

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                         ______________________________

                                    FORM S-8
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                         ______________________________


                      SQL FINANCIALS INTERNATIONAL, INC.
--------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


                           3950 JOHNS CREEK COURT,
                                 SUITE 100
     DELAWARE              SUWANEE, GEORGIA 30024         58-1972600    
------------------     -----------------------------      ----------    
                         (Address of principal        (I.R.S. Employer 
(State or other            executive offices)           Identification 
 jurisdiction of                                          Number)       
incorporation or
 organization)
 


                         1998 STOCK INCENTIVE PLAN OF
                      SQL FINANCIALS INTERNATIONAL, INC.

                      SQL FINANCIALS INTERNATIONAL, INC.
                              SQL 1992 STOCK PLAN
          ----------------------------------------------------------

                           (Full title of the plans)

--------------------------------------------------------------------------------
                         THE CORPORATION TRUST COMPANY
                           CORPORATION TRUST CENTER
                              1209 ORANGE STREET
                          WILMINGTON, DELAWARE 19801
                               (302) 658-7581
                              __________________
           (Name, address and telephone number, including area code,
                             of agent for service)

                        CALCULATION OF REGISTRATION FEE
--------------------------------------------------------------------------------
 
                                  PROPOSED       PROPOSED    
TITLE OF                          MAXIMUM        MAXIMUM  
SECURITIES            AMOUNT      OFFERING      AGGREGATE        AMOUNT OF
TO BE                 TO BE        PRICE         OFFERING      REGISTRATION
REGISTERED          REGISTERED  PER SHARE(1)     PRICE(1)         FEE(1)
------------------  ----------  ------------  --------------  ---------------
 
Common Stock,
$.0001 par value    $2,581,496      $8.94     $23,078,574        $6,808.18
 
(1)  Pursuant to Rule 457(c) and (h)(1), based on the average of the high and
     low prices of the registrant's common stock on July 9, 1998, as reported on
     the Nasdaq National Market.
                         ------------------------------
<PAGE>
 
                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.
------   --------------------------------------- 

          The following documents filed by SQL Financials International, Inc.
(the "Company") with the Securities and Exchange Commission (the "Commission")
are incorporated herein by reference:

          (a) The Company's Prospectus dated May 26, 1998, filed with the
     Commission on May 27, 1998 pursuant to Rule 424(b)(3) under the Securities
     Act of 1933, as amended (the "Securities Act");

          (b) The description of the Company's Common Stock, $.0001 par value,
     contained in the Company's Registration Statement on Form 8-A filed
     pursuant to Section 12(g) of the Exchange Act, including any amendment or
     report filed for the purpose of updating such description; and

          (c) All other reports filed pursuant to Section 13(a) or 15(d) of the
     Exchange Act since the date of the document referred to in (a), above.

          All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the "Exchange
Act") prior to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all securities
remaining unsold shall be deemed to be incorporated by reference herein and to
be a part hereof from the date of the filing of such documents.

ITEM 4.  DESCRIPTION OF SECURITIES.
------   ------------------------- 

          Not applicable.

ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL.
------   -------------------------------------- 

          The legality of the securities offered hereby has been passed upon by
the firm of Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.
------   ----------------------------------------- 

          The Restated Bylaws of the Company (the "Restated Bylaws") and the
Restated Certificate of Incorporation (the "Restated Certificate") of the
Company provide that the directors and officers of the Company shall be
indemnified by the Company to the fullest extent authorized by Delaware law, as
it now exists or may in the future be amended, against all expenses and
liabilities reasonably incurred in connection with service for or on behalf of
the Company.  Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Company pursuant to the Restated Bylaws, in the opinion of the Securities
and Exchange Commission, such indemnification is against public policy as
expressed in the Securities Act and is, therefore, unenforceable.  The Company
has obtained insurance which insures the directors and officers of the Company
against certain losses and which insures the Company against certain of its
obligations to indemnify such directors and officers. In addition, the Restated
Certificate of the Company provides that the directors of the Company will not
be personally liable for monetary damages to the Company for breaches of their
fiduciary duty as directors, unless they violated their duty of loyalty to the
Company or its stockholders, acted in bad faith, knowingly or intentionally
violated the law, authorized illegal dividends or redemptions or derived an
improper personal benefit from their action as directors.  Such limitations of
personal liability under the Delaware Business Corporation law do  not apply to
liabilities arising out of certain violations of the federal securities laws.

                                      II-1
<PAGE>
 
While non-monetary relief such as injunctive relief, specific performance and
other equitable remedies may be available to the Company, such relief may be
difficult to obtain or, if obtained, may not adequately compensate the Company
for its damages.

          There is no pending litigation or proceeding involving any director,
officer, employee or agent of the Company where indemnification by the Company
will be required or permitted.  The Company is not aware of any threatened
litigation or proceeding that might result in a claim for such indemnification.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.
------   ----------------------------------- 

          Not applicable.

ITEM 8.  EXHIBITS.
------   -------- 

          The following exhibits are filed as a part of this Registration
Statement:

     NUMBER              DESCRIPTION
     ------              -----------

     4.1       Amended and Restated Certificate of Incorporation of the Company,
               which is incorporated by reference to Exhibit 3.1 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission on February 23, 1998.

     4.2       Amended and Restated Bylaws of the Company, which are
               incorporated by reference to Exhibit 3.2 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.

     5         Opinion of Womble Carlyle Sandridge & Rice, PLLC, as to the
               legality of the Common Stock being registered.

     23.1      Consent of Womble Carlyle Sandridge & Rice, PLLC, which is
               contained in its opinion filed as Exhibit 5.

     23.2      Consent of Arthur Andersen LLP.

     24        Power of Attorney (included in the signature page to this
               Registration Statement).

     99.1      1998 Stock Incentive Plan of SQL Financials International, Inc.,
               which is incorporated by reference to Exhibit 10.6 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission on February 23, 1998.

     99.2      SQL Financials International, Inc. SQL 1992 Stock Plan, which is
               incorporated by reference to Exhibit 10.5 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.

ITEM 9.  UNDERTAKINGS.
------   ------------ 

(a)  The Company hereby undertakes:

     (1)  To file, during any period in which offers or sales are being made, a
          post-effective amendment to this Registration Statement:

               (i) To include any prospectus required by Section 10(a)(3) of the
                   Securities Act;

                                      II-2
<PAGE>
 
             (ii)  To reflect in the prospectus any facts or events arising
                   after the effective date of the Registration Statement (or
                   the most recent post-effective amendment thereof) which,
                   individually or in the aggregate, represent a fundamental
                   change in the information set forth in the Registration
                   Statement;

           (iii)   To include any material information with respect to the plan
                   of distribution not previously disclosed in the Registration
                   Statement or any material change to such information in the
                   Registration Statement;

  provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
  --------  -------                                                          
  the information required to be included in a post-effective amendment by those
  paragraphs is contained in periodic reports filed with or furnished to the
  Commission by the Company pursuant to Section 13 or Section 15(d) of the
  Exchange Act that are incorporated by reference in the Registration Statement.

  (2)    That, for the purpose of determining any liability under the Securities
         Act, each such post-effective amendment shall be deemed to be a new
         registration statement relating to the securities offered therein, and
         the offering of such securities at that time shall be deemed to be the
         initial bona fide offering thereof.

  (3)    To remove from registration by means of a post-effective amendment any
         of the securities being registered which remain unsold at the
         termination of the offering.

(b) The Company hereby undertakes that, for purposes of determining any
    liability under the Securities Act, each filing of the Company's annual
    report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that
    is incorporated by reference in the Registration Statement shall be deemed
    to be a new registration statement relating to the securities offered
    therein, and the offering of such securities at that time shall be deemed to
    be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act
    may be permitted to directors, officers and controlling persons of the
    Company pursuant to the foregoing provisions, or otherwise, the Company has
    been advised that in the opinion of the Commission such indemnification is
    against public policy as expressed in the Securities Act and is, therefore,
    unenforceable.  In the event that a claim for indemnification against such
    liabilities (other than the payment by the Company of expenses incurred or
    paid by a director, officer or controlling person of the Company in the
    successful defense of any action, suit or proceeding) is asserted by such
    director, officer or controlling person in connection with the securities
    being registered, the Company will, unless in the opinion of its counsel the
    matter has been settled by controlling precedent, submit to a court of
    appropriate jurisdiction the question whether such indemnification by it is
    against public policy as expressed in the Securities Act and will be
    governed by the final adjudication of such issue.

                                      II-3
<PAGE>
 
                                   SIGNATURES

          Pursuant to the requirements of the Securities Act of 1933, SQL
Financials International, Inc. certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Suwanee, State of
Georgia, on this 13/th/ day of July, 1998.

                         SQL FINANCIALS INTERNATIONAL, INC.

                         By:  /s/ Stephen P. Jeffery
                              ----------------------
                              Stephen P. Jeffery
                              Chairman, Chief Executive Officer and President

                               POWER OF ATTORNEY

          KNOW ALL MEN BY THESE PRESENTS that each person whose signature
appears on the signature pages to this Registration Statement hereby constitutes
and appoints William A. Fielder III and Stephen P. Jeffery, and each of them,
his true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution, for the undersigned, and in his name, place and
stead, in any and all capacities to sign any and all amendments, including post-
effective amendments, exhibits thereto and other documents in connection
therewith, to this Registration Statement, to make such changes in the
Registration Statement as such attorneys-in-fact deems appropriate, and to file
the same, with all exhibits thereto and other documents in connection therewith
with the Securities and Exchange Commission, granting unto said attorneys-in-
fact and agents and each of them, full power and authority to do so and perform
each and every act and thing requisite and necessary to be done, as fully to all
intents and purposes as the undersigned might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or either
of them, or their or his substitute or substitutes, may lawfully do or cause to
be done by virtue hereof.

     Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.

<TABLE>
<CAPTION>
Signature                                                                        Title                          Date
------------------------------------------------------------  --------------------------------------------  -------------
<S>                                                           <C>                                           <C>
                 /s/ Stephen P. Jeffery                       Chairman, Chief Executive Officer             July 13, 1998
------------------------------------------------------------  (Principal Executive Officer);
                   Stephen P. Jeffery                          President and Director  
                                                             
                                                              
                                                              
              /s/ William A. Fielder III                      Chief Financial Officer (Principal            July 13, 1998 
------------------------------------------------------------  Financial and Accounting Officer)
                  William A. Fielder III                                           

                  /s/ Joseph S. McCall                        Director                                      July 13, 1998
------------------------------------------------------------ 
                   Joseph S. McCall

                  /s/ William S. Kaiser                       Director                                      July 13, 1998
------------------------------------------------------------ 
                   William S. Kaiser

                  /s/ Donald L. House                         Director                                      July 13, 1998
------------------------------------------------------------ 
                   Donald L. House

                      /s/ Tench Coxe                          Director                                      July 13, 1998
------------------------------------------------------------ 
                       Tench Coxe

                  /s/ Said Mohammadioun                       Director                                      July 13, 1998
------------------------------------------------------------ 
                    Said Mohammadioun
 
</TABLE>

                                      II-4
<PAGE>
 
                                 EXHIBIT INDEX
                                       TO
                     REGISTRATION STATEMENT ON FORM S-8 OF
                       SQL FINANCIALS INTERNATIONAL, INC.


     NUMBER    DESCRIPTION
     ------    -----------

     4.1       Amended and Restated Certificate of Incorporation of the Company,
               which is incorporated by reference to Exhibit 3.1 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission February 23, 1998.*

     4.2       Amended and Restated Bylaws of the Company, which are
               incorporated by reference to Exhibit 3.2 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.*

     5         Opinion of Womble Carlyle Sandridge & Rice, PLLC, as to the
               legality of the Common Stock being registered.

     23.1      Consent of Womble Carlyle Sandridge & Rice, PLLC, which is
               contained in its opinion filed as Exhibit 5.

     23.2      Consent of Arthur Andersen LLP

     24        Power of Attorney (included in the signature page to this
               Registration Statement).

     99.1      1998 Stock Incentive Plan of SQL Financials International, Inc.,
               which is incorporated by reference to Exhibit 10.6 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission on February 23, 1998.*

     99.2      SQL Financials International, Inc. SQL 1992 Stock Plan, which is
               incorporated by reference to Exhibit 10.5 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.*

*    Incorporated by reference.

                                      II-5
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 19540}]
{"company-data": {"conformed-name": "SQL FINANCIALS INTERNATIONAL INC /DE", "cik": "0000913277", "assigned-sic": "7372", "irs-number": "581972600", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-59193", "film-number": "98667097"}, "business-address": {"street1": "3950 JOHNS CREEK CT", "street2": "STE 100", "city": "SUWANEE", "state": "GA", "zip": "30024", "phone": "7702913900"}, "mail-address": {"street1": "3950 JOHNS CREEK CT", "street2": "STE 100", "city": "SUWANEE", "state": "GA", "zip": "30024"}}
______________________________

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                         ______________________________

                                    FORM S-8
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                         ______________________________

                      SQL FINANCIALS INTERNATIONAL, INC.
--------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)

                           3950 JOHNS CREEK COURT,
                                 SUITE 100
     DELAWARE              SUWANEE, GEORGIA 30024         58-1972600    
------------------     -----------------------------      ----------    
                         (Address of principal        (I.R.S. Employer 
(State or other            executive offices)           Identification 
 jurisdiction of                                          Number)       
incorporation or
 organization)
 

                         1998 STOCK INCENTIVE PLAN OF
                      SQL FINANCIALS INTERNATIONAL, INC.

                      SQL FINANCIALS INTERNATIONAL, INC.
                              SQL 1992 STOCK PLAN
          ----------------------------------------------------------

                           (Full title of the plans)

--------------------------------------------------------------------------------
                         THE CORPORATION TRUST COMPANY
                           CORPORATION TRUST CENTER
                              1209 ORANGE STREET
                          WILMINGTON, DELAWARE 19801
                               (302) 658-7581
                              __________________
           (Name, address and telephone number, including area code,
                             of agent for service)

                        CALCULATION OF REGISTRATION FEE
--------------------------------------------------------------------------------
 
                                  PROPOSED       PROPOSED    
TITLE OF                          MAXIMUM        MAXIMUM  
SECURITIES            AMOUNT      OFFERING      AGGREGATE        AMOUNT OF
TO BE                 TO BE        PRICE         OFFERING      REGISTRATION
REGISTERED          REGISTERED  PER SHARE(1)     PRICE(1)         FEE(1)
------------------  ----------  ------------  --------------  ---------------
 
Common Stock,
$.0001 par value    $2,581,496      $8.94     $23,078,574        $6,808.18
 
(1)  Pursuant to Rule 457(c) and (h)(1), based on the average of the high and
     low prices of the registrant's common stock on July 9, 1998, as reported on
     the Nasdaq National Market.
                         ------------------------------
PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.
------   --------------------------------------- 

          The following documents filed by SQL Financials International, Inc.
(the "Company") with the Securities and Exchange Commission (the "Commission")
are incorporated herein by reference:

          (a) The Company's Prospectus dated May 26, 1998, filed with the
     Commission on May 27, 1998 pursuant to Rule 424(b)(3) under the Securities
     Act of 1933, as amended (the "Securities Act");

          (b) The description of the Company's Common Stock, $.0001 par value,
     contained in the Company's Registration Statement on Form 8-A filed
     pursuant to Section 12(g) of the Exchange Act, including any amendment or
     report filed for the purpose of updating such description; and

          (c) All other reports filed pursuant to Section 13(a) or 15(d) of the
     Exchange Act since the date of the document referred to in (a), above.

          All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (the "Exchange
Act") prior to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all securities
remaining unsold shall be deemed to be incorporated by reference herein and to
be a part hereof from the date of the filing of such documents.

ITEM 4.  DESCRIPTION OF SECURITIES.
------   ------------------------- 

          Not applicable.

ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL.
------   -------------------------------------- 

          The legality of the securities offered hereby has been passed upon by
the firm of Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.
------   ----------------------------------------- 

          The Restated Bylaws of the Company (the "Restated Bylaws") and the
Restated Certificate of Incorporation (the "Restated Certificate") of the
Company provide that the directors and officers of the Company shall be
indemnified by the Company to the fullest extent authorized by Delaware law, as
it now exists or may in the future be amended, against all expenses and
liabilities reasonably incurred in connection with service for or on behalf of
the Company.  Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Company pursuant to the Restated Bylaws, in the opinion of the Securities
and Exchange Commission, such indemnification is against public policy as
expressed in the Securities Act and is, therefore, unenforceable.  The Company
has obtained insurance which insures the directors and officers of the Company
against certain losses and which insures the Company against certain of its
obligations to indemnify such directors and officers. In addition, the Restated
Certificate of the Company provides that the directors of the Company will not
be personally liable for monetary damages to the Company for breaches of their
fiduciary duty as directors, unless they violated their duty of loyalty to the
Company or its stockholders, acted in bad faith, knowingly or intentionally
violated the law, authorized illegal dividends or redemptions or derived an
improper personal benefit from their action as directors.  Such limitations of
personal liability under the Delaware Business Corporation law do  not apply to
liabilities arising out of certain violations of the federal securities laws.

                                      II-1
While non-monetary relief such as injunctive relief, specific performance and
other equitable remedies may be available to the Company, such relief may be
difficult to obtain or, if obtained, may not adequately compensate the Company
for its damages.

          There is no pending litigation or proceeding involving any director,
officer, employee or agent of the Company where indemnification by the Company
will be required or permitted.  The Company is not aware of any threatened
litigation or proceeding that might result in a claim for such indemnification.

ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.
------   ----------------------------------- 

          Not applicable.

ITEM 8.  EXHIBITS.
------   -------- 

          The following exhibits are filed as a part of this Registration
Statement:

     NUMBER              DESCRIPTION
     ------              -----------

     4.1       Amended and Restated Certificate of Incorporation of the Company,
               which is incorporated by reference to Exhibit 3.1 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission on February 23, 1998.

     4.2       Amended and Restated Bylaws of the Company, which are
               incorporated by reference to Exhibit 3.2 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.

     5         Opinion of Womble Carlyle Sandridge & Rice, PLLC, as to the
               legality of the Common Stock being registered.

     23.1      Consent of Womble Carlyle Sandridge & Rice, PLLC, which is
               contained in its opinion filed as Exhibit 5.

     23.2      Consent of Arthur Andersen LLP.

     24        Power of Attorney (included in the signature page to this
               Registration Statement).

     99.1      1998 Stock Incentive Plan of SQL Financials International, Inc.,
               which is incorporated by reference to Exhibit 10.6 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission on February 23, 1998.

     99.2      SQL Financials International, Inc. SQL 1992 Stock Plan, which is
               incorporated by reference to Exhibit 10.5 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.

ITEM 9.  UNDERTAKINGS.
------   ------------ 

(a)  The Company hereby undertakes:

     (1)  To file, during any period in which offers or sales are being made, a
          post-effective amendment to this Registration Statement:

               (i) To include any prospectus required by Section 10(a)(3) of the
                   Securities Act;

                                      II-2
(ii)  To reflect in the prospectus any facts or events arising
                   after the effective date of the Registration Statement (or
                   the most recent post-effective amendment thereof) which,
                   individually or in the aggregate, represent a fundamental
                   change in the information set forth in the Registration
                   Statement;

           (iii)   To include any material information with respect to the plan
                   of distribution not previously disclosed in the Registration
                   Statement or any material change to such information in the
                   Registration Statement;

  provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
  --------  -------                                                          
  the information required to be included in a post-effective amendment by those
  paragraphs is contained in periodic reports filed with or furnished to the
  Commission by the Company pursuant to Section 13 or Section 15(d) of the
  Exchange Act that are incorporated by reference in the Registration Statement.

  (2)    That, for the purpose of determining any liability under the Securities
         Act, each such post-effective amendment shall be deemed to be a new
         registration statement relating to the securities offered therein, and
         the offering of such securities at that time shall be deemed to be the
         initial bona fide offering thereof.

  (3)    To remove from registration by means of a post-effective amendment any
         of the securities being registered which remain unsold at the
         termination of the offering.

(b) The Company hereby undertakes that, for purposes of determining any
    liability under the Securities Act, each filing of the Company's annual
    report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that
    is incorporated by reference in the Registration Statement shall be deemed
    to be a new registration statement relating to the securities offered
    therein, and the offering of such securities at that time shall be deemed to
    be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act
    may be permitted to directors, officers and controlling persons of the
    Company pursuant to the foregoing provisions, or otherwise, the Company has
    been advised that in the opinion of the Commission such indemnification is
    against public policy as expressed in the Securities Act and is, therefore,
    unenforceable.  In the event that a claim for indemnification against such
    liabilities (other than the payment by the Company of expenses incurred or
    paid by a director, officer or controlling person of the Company in the
    successful defense of any action, suit or proceeding) is asserted by such
    director, officer or controlling person in connection with the securities
    being registered, the Company will, unless in the opinion of its counsel the
    matter has been settled by controlling precedent, submit to a court of
    appropriate jurisdiction the question whether such indemnification by it is
    against public policy as expressed in the Securities Act and will be
    governed by the final adjudication of such issue.

                                      II-3
SIGNATURES

          Pursuant to the requirements of the Securities Act of 1933, SQL
Financials International, Inc. certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Suwanee, State of
Georgia, on this 13/th/ day of July, 1998.

                         SQL FINANCIALS INTERNATIONAL, INC.

                         By:  /s/ Stephen P. Jeffery
                              ----------------------
                              Stephen P. Jeffery
                              Chairman, Chief Executive Officer and President

                               POWER OF ATTORNEY

          KNOW ALL MEN BY THESE PRESENTS that each person whose signature
appears on the signature pages to this Registration Statement hereby constitutes
and appoints William A. Fielder III and Stephen P. Jeffery, and each of them,
his true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution, for the undersigned, and in his name, place and
stead, in any and all capacities to sign any and all amendments, including post-
effective amendments, exhibits thereto and other documents in connection
therewith, to this Registration Statement, to make such changes in the
Registration Statement as such attorneys-in-fact deems appropriate, and to file
the same, with all exhibits thereto and other documents in connection therewith
with the Securities and Exchange Commission, granting unto said attorneys-in-
fact and agents and each of them, full power and authority to do so and perform
each and every act and thing requisite and necessary to be done, as fully to all
intents and purposes as the undersigned might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or either
of them, or their or his substitute or substitutes, may lawfully do or cause to
be done by virtue hereof.

     Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.
Signature                                                                        Title                          Date
------------------------------------------------------------  --------------------------------------------  -------------
/s/ Stephen P. Jeffery                       Chairman, Chief Executive Officer             July 13, 1998
------------------------------------------------------------  (Principal Executive Officer);
                   Stephen P. Jeffery                          President and Director  
                                                             
                                                              
                                                              
              /s/ William A. Fielder III                      Chief Financial Officer (Principal            July 13, 1998 
------------------------------------------------------------  Financial and Accounting Officer)
                  William A. Fielder III                                           

                  /s/ Joseph S. McCall                        Director                                      July 13, 1998
------------------------------------------------------------ 
                   Joseph S. McCall

                  /s/ William S. Kaiser                       Director                                      July 13, 1998
------------------------------------------------------------ 
                   William S. Kaiser

                  /s/ Donald L. House                         Director                                      July 13, 1998
------------------------------------------------------------ 
                   Donald L. House

                      /s/ Tench Coxe                          Director                                      July 13, 1998
------------------------------------------------------------ 
                       Tench Coxe

                  /s/ Said Mohammadioun                       Director                                      July 13, 1998
------------------------------------------------------------ 
                    Said Mohammadioun
II-4
EXHIBIT INDEX
                                       TO
                     REGISTRATION STATEMENT ON FORM S-8 OF
                       SQL FINANCIALS INTERNATIONAL, INC.

     NUMBER    DESCRIPTION
     ------    -----------

     4.1       Amended and Restated Certificate of Incorporation of the Company,
               which is incorporated by reference to Exhibit 3.1 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission February 23, 1998.*

     4.2       Amended and Restated Bylaws of the Company, which are
               incorporated by reference to Exhibit 3.2 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.*

     5         Opinion of Womble Carlyle Sandridge & Rice, PLLC, as to the
               legality of the Common Stock being registered.

     23.1      Consent of Womble Carlyle Sandridge & Rice, PLLC, which is
               contained in its opinion filed as Exhibit 5.

     23.2      Consent of Arthur Andersen LLP

     24        Power of Attorney (included in the signature page to this
               Registration Statement).

     99.1      1998 Stock Incentive Plan of SQL Financials International, Inc.,
               which is incorporated by reference to Exhibit 10.6 of the
               Company's Registration Statement on Form S-1 (File No. 333-
               46685), filed with the Commission on February 23, 1998.*

     99.2      SQL Financials International, Inc. SQL 1992 Stock Plan, which is
               incorporated by reference to Exhibit 10.5 of the Company's
               Registration Statement on Form S-1 (File No. 333-46685), filed
               with the Commission on February 23, 1998.*

*    Incorporated by reference.

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