{"id":6942,"date":"2023-09-14T13:00:00","date_gmt":"2023-09-14T13:00:00","guid":{"rendered":"https:\/\/businessyield.com\/tech\/?p=6942"},"modified":"2023-09-14T00:01:55","modified_gmt":"2023-09-14T00:01:55","slug":"floqast-overview-features-review-more","status":"publish","type":"post","link":"https:\/\/businessyield.com\/tech\/reviews\/floqast-overview-features-review-more\/","title":{"rendered":"FloQast: Overview, Features, Review & More 2023","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
FloQast is a Software as a Service (SaaS) application that works with Microsoft Excel. It uses process management, reporting, and collaboration to automate the month-end closing of an organization\u2019s financial books. The product provides accounting teams with checklists and tie-outs linked to Excel workbooks and the client of organizations\u2019 enterprise resources planning (ERP) system. This automates reconciliations and, ultimately, shortens the financial close process. <\/p>\n\n\n\n
The financial close management software operates with cloud document storage systems Box, Google Drive, Dropbox, Microsoft OneDrive, Egnyte, NetSuite, and Sage Intacct financial applications. It is compatible with ERP\/General Ledger systems, including Oracle, SAP, Microsoft (Dynamics GP, Dynamics NAV), Sage, Epicor, QuickBooks, FinancialForce, and others.<\/p>\n\n\n\n
FloQast delivers an Accounting Operations Platform that enables organizations to operationalize accounting excellence. Trusted by more than 2,300 accounting teams \u2013 including Twilio, Los Angeles Lakers, Zoom, and Snowflake \u2013 FloQast was built by accountants, for accountants to enhance the way accounting teams work. <\/p>\n\n\n\n
The platform enables customers to streamline and manage the Financial Close, Finance and Accounting Operations, and Compliance Programs. With FloQast, teams can manage every aspect of the month-end Close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration throughout the financial function. <\/p>\n\n\n\n
Seamlessly integrated with ERPs and leveraging the tools accountants use every day, such as Excel, FloQast\u2019s cloud-based, AI-enhanced applications let accountants focus on what matters most–helping the business make better decisions. It can get accounting teams up and running in as little as two weeks.<\/p>\n\n\n\n
The FloQast app includes the following features:<\/p>\n\n\n\n
FloQast\u2122 Close provides a single place for teams to manage month-end Close tasks. It enhances accountability, improves accuracy, and effective collaboration from anywhere.<\/p>\n\n\n\n
With FloQast, accounting teams of any size can see the status of every task. Track outstanding to-dos from a single dashboard, ensure team members meet deadlines, and identify opportunities to reallocate resources to guarantee the Close finishes on time each month.<\/a><\/p>\n\n\n\n FloQast\u2122 Reconciliation Management is an advanced workflow automation solution that works with FloQast Close to deliver end-to-end account reconciliation management. It allows controllers and their teams to automate and manage the end-to-end reconciliation process with a centralized solution trusted by accountants and auditors worldwide.<\/p>\n\n\n\n Increase financial velocity and accuracy of the Financial Close while managing the risk of misstatement.<\/p>\n\n\n\n Reconciliation Tracking gives accountants a centralized view of the reconciliation status of each account with balance comparisons, preparers, reviewers, and sign-off dates. FloQast sends automatic notifications when reconciliations are due, items are ready for review, or the platform detects an unexpected out-of-balance condition.<\/a><\/p>\n\n\n\n FloQast\u2122 Flux Analysis automates the time-consuming process of building a report while giving you the flexibility to meet your unique business needs. It offers a better way to perform monthly flux analysis by automating the data collection and sign-off process. <\/p>\n\n\n\n Integrated directly into FloQast’s Close Management Software and ERP, FloQast Flux lets accounting teams work on flux analysis even before the Close is complete.<\/p>\n\n\n\n Create reports that automatically refresh each period according to your chosen thresholds and assignments. FloQast flux reports summarize variances and their explanations in a way that\u2019s easy to understand and share with management for review.<\/a><\/p>\n\n\n\n Controllers are constantly challenged to Close faster, yet rarely have the visibility to identify and remove bottlenecks. FloQast\u2122 Analyze helps find opportunities to optimize workload and visualize progress against Close deadlines.<\/p>\n\n\n\n FloQast Analyze gives full visibility into the Close process. This eliminates the need for constant meetings and status reports and identifies gaps before they impact progress. View each entity\u2019s progress toward Close completion on a single-page summary. This includes which entities have successfully Closed their books, are on track to get there, or are already late.<\/a><\/p>\n\n\n\n FloQast\u2122 Compliance Management reduces financial compliance complexity by streamlining financial controls together with the Close for always-on audit-ready compliance. Compliance done right delivers business integrated controls making your compliance program more efficient and less costly.<\/p>\n\n\n\n FloQast\u2122 Ops is a workflow manager that extends the power of FloQast Close. This provides greater control over accounting operations and optimizing workflows across every function. It streamlines accounting operations beyond just the monthly Close, providing greater visibility, control, and collaboration throughout every crucial accounting workflow.<\/p>\n\n\n\n Achieve greater operational control, improved workload management, and enhanced transparency from a trusted, centralized source of information.<\/p>\n\n\n\n FloQast\u2122 ReMind is a request management solution that automates the time-consuming tasks of requesting information and following up. This removes bottlenecks and delivers faster workflow execution.<\/p>\n\n\n\n It is a practical, agile solution that takes minutes to set up. It saves accountants hours of manual follow-up each time information is needed.<\/p>\n\n\n\n FloQast works the way accountants work, from folder structure to checklists to interface. It has a highly intuitive accounting-first design that is familiar and easy to use. <\/p>\n\n\n\n The platform also embraces the tools accountants love \u2013 like Excel \u2013 and integrates them seamlessly into the process flow.<\/p>\n\n\n\n Accelerate processes by automating tasks, checklists, and data gathering, with orchestrated workflows and centralized documentation that aligns the team and eliminates sloppy handoffs and errors.<\/p>\n\n\n\n Achieve full transparency with a holistic operational view that is always current without interrupting your team to chase down the latest status updates.<\/p>\n\n\n\n FloQast frees controllers from the perpetual tradeoffs that hinder operational excellence. This enables both speed and accuracy through automation, orchestrated workflows and centralized documentation. It also provides control and flexibility through more predictable cycle times and continuous audit readiness, as well as full transparency that is always current.<\/p>\n\n\n\n All of these without interrupting productive work to chase down the latest status updates.<\/p>\n\n\n\n Delegate the day-to-day tasks with confidence. Foster collaboration and accountability without micromanagement, so you can elevate your focus to deliver more go-forward guidance and value to the business.<\/p>\n\n\n\n Drive high-precision accounting operations \u2013 predictable cycle times and minimal audit risk \u2013 along with the flexibility to give the business the information it needs right now without jeopardizing deadlines.<\/p>\n\n\n\n\n
FloQast Reconciliation Management<\/strong><\/span><\/h3>\n\n\n\n
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FloQast Flux<\/strong><\/span><\/h3>\n\n\n\n
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FloQast Analyze<\/strong><\/span><\/h3>\n\n\n\n
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FloQast Compliance Management<\/strong><\/span><\/h3>\n\n\n\n
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FloQast Ops<\/strong><\/span><\/h3>\n\n\n\n
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FloQast ReMind<\/strong><\/span><\/h3>\n\n\n\n
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Benefits of Using FloQast<\/strong><\/span><\/h2>\n\n\n\n
Modernize Without Disruption<\/strong><\/h3>\n\n\n\n
Speed and Accuracy<\/strong><\/h3>\n\n\n\n
Transparency and Productivity<\/strong><\/h3>\n\n\n\n
No More Trade-Offs<\/strong><\/h3>\n\n\n\n
Strategic and Tactical Execution<\/strong><\/h3>\n\n\n\n
Control and Flexibility<\/strong><\/h3>\n\n\n\n
Recommended Articles<\/strong><\/span><\/h2>\n\n\n\n
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References<\/strong><\/span><\/h2>\n\n\n\n
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