FloQast Named to Newsweek’s 1000 Excellence Index
FloQast ranked among 1,000 US companies recognized for exceeding best practices in financial responsibility, stakeholder ratings, and social responsibility ratings
November 16, 2023 (LOS ANGELES) – FloQast, a provider of accounting workflow automation software created by accountants for accountants, today announced its ranking on Newsweek’s annual 1000 Excellence Index, making the list ranked No. 88. The 2024 Newsweek 1000 Excellence Index is the result of a collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company.
The Newsweek 1000 Excellence Index lists the top 1000 companies that have demonstrated best practices in financial responsibility, stakeholder ratings, and social responsibility ratings.
The results were determined after the Best Practice Institute analyzed over half a million data points and created a proprietary scoring system to measure everything from financial practices to customer reviews, ESG commitments, and more to build the first 1000 Excellence Index.
“Inclusion in Newsweek’s 1000 Excellence Index is a significant achievement for us at FloQast,” shared Mike Whitmire, Co-founder and CEO at FloQast, CPA. “It’s a validation of our unwavering commitment to our customers, partners, FloQasters, and the broader social fabric. We’re honored to be recognized among the top 1000 companies for not just our solutions but also our approach. It inspires us to continue innovating and upholding our responsibility to make a positive impact.”
Companies have been assessed on several pivotal criteria, including:
- Employee Rating: How those employees at the corporation’s heart perceive their employer.
- Customer Rating: How the corporation’s customers view its products, services, and ethics.
- ESG Risk Rating & Ethical Impact: A deep dive into a company’s environmental, social, and governance risks, combined with its ethical footprint.
- ISO Standards Adherence: Compliance with international quality and safety standards.
- R&D Spending: Investment in innovation and the future.
- Global Compact Status: Alignment with the UN’s principles on human rights, labor, environment, and anti-corruption.
- BBB Rating & Accreditation (for small companies): Recognizing smaller entities that meet the Better Business Bureau’s standards.
- Number of Customer Complaints: A transparent look at customer grievances, shedding light on a corporation’s commitment to rectification and improvement.
“Doing good business means more than just turning a profit. In our fast-paced economy, it can be easy to lose sight of the value of companies that strive to be good for customers, employees, and society at large,” said Nancy Cooper, Global Editor in Chief at Newsweek. “The Newsweek 1000 Excellence Index takes a 360-degree look at companies, assessing what their employees say about the company, how customers view their products, and how well the business is run in terms of safety, sustainability, diversity, and innovation. Our goal: to provide our readers with an informed view of the firms that are living up to the highest standards.”
“Celebrating ethical corporations is essential in an age where corporate scandals and unethical practices dominate headlines. These corporations serve as beacons of hope, reminding us that running a successful business does not have to come at the expense of ethical integrity,” said Louis Carter, CEO of Best Practice Institute. “They serve as role models for other companies, inspiring them to adopt similar practices and promoting a sense of accountability in the corporate world. By celebrating these ethical corporations, we can encourage others to follow in their footsteps and work towards a more just and sustainable business landscape.”
This honor is the latest significant milestone for FloQast; recent highlights include the launch of free public CPE/CPD courses from FloQademy and its all-new Variance Analysis and Compliance Management Solutions, the launch of an all-new brand strategy, and expansion to Australia and New Zealand. This year, FloQast also was named to the Deloitte Fast 500 list, made its debut on the Inc. 5000 list, ranked among the highest-scoring businesses on Inc. Magazine’s Annual List of Best Workplaces for 2023, and was named a Great Place to Work™ in both the US and UK.
For the full list of the 2024 Newsweek 1000 Excellence Index, click here.
Methodology
To identify the top 1000 companies for the Newsweek ranking, companies were evaluated based on several criteria including Employee rating, Customer rating, ESG risk rating, ESG/Ethical impact, Adherence to ISO standards, R&D spending, Global Compact Status, Financial performance, BBB Rating and Accreditation, Number of customer complaints among others. Each of the criteria considered is equally ranked in importance.
About FloQast
FloQast, a provider of accounting workflow automation software created by accountants for accountants, delivers an Accounting Operations Platform that enables organizations to operationalize accounting excellence. Trusted by more than 2,500 accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast 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. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.
About Newsweek
Newsweek is the modern global digital news organization built around the iconic, over 85-year-old American magazine. Newsweek reaches 100 million people each month with its thought-provoking news, opinion, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.
About Best Practice Institute
Best Practice Institute is an award-winning leadership and organization development center, benchmark research company, think tank, and solutions provider, and the research team behind the Excellence 1000 Index.
For more information on how to apply to become considered for the 2025 Newsweek 1000 Excellence Index go to: excellence.bestpracticeinstitute.org.
Contact:
Kyle Cabodi
FloQast Director of Corporate Communications
