FloQast Delivers Perm Docs for Improved Organization and Efficiency

New Digital Capability Provides Single, Centralized Repository for Recurring Critical Accounting Documents

LOS ANGELES, May 8, 2018 – FloQast, a provider of close management software created by accountants for accountants to close faster and more accurately, announced today the availability of Perm Docs, a new capability built into its award-winning close management software to centralize the storage of important supporting documentation needed for any given close or subsequent audit, but not tied to just one time period. Perm Docs provides a single, centralized repository for critical accounting documents that is fully configurable and automatically viewable and accessible from within FloQast to help improve organization and team efficiency.

Perm Docs is how accountants typically refer to “permanent documents” which may include policies and procedures documentation, significant contracts, charts of accounts, board minutes, leases, or even Articles of Incorporation. These documents have a life span across multiple close periods and all accounting departments must maintain these documents. However, permanent documents are frequently dispersed across the office and organization, stored in file cabinets (both real and virtual), making it difficult to find them when needed. Managers and staff may not even be aware of their existence.

FloQast’s new Perm Docs capability works in conjunction with the customers’ cloud document storage and FloQast. Users set up folders to organize documents any way they wish. It can be configured for documents relevant to all of a company’s entities, or just one of them, assuring the right documents can always be accessed in the uncluttered place that makes the most sense. Administrators can add, delete or edit folder names within their cloud storage and those changes will automatically be reflected in FloQast. Administrators can create as many folders as desired and they will all be visible and accessible in FloQast.

“FloQast builds software the way accounting teams work,” said Mike Lynch, Principal, SC&H Group. “Understanding the daily routine of accountants and how they do their jobs, leads to new capabilities like Perm Docs—which while seemingly simple, addresses exactly those bothersome issues that slows my team down when doing its work.”

“Close management software created by accountants for accountants is more than just a tagline,” said Mike Whitmire, CPA, FloQast CEO and co-founder. “We have accountants in every department, including Sales, Marketing, Development, Support and, of course, Finance. This creates an ‘accounting mindset’ that helps us build solutions tailored to the real needs of accountants, giving them features and capabilities that save them time and make them more productive.”

Perm Docs is available now and is included at no extra charge in the Team, Business and Enterprise Plans for FloQast Close Management Software. To learn more about how FloQast helps accounting teams close faster and more accurately, visit www.floqast.com/products.

About FloQast

FloQast is an award-winning close management software, created by accountants for accountants to close faster and more accurately. On average, accounting teams who rely on FloQast close three days faster. Seamlessly integrated with ERPs and leveraging your existing checklists and Excel, FloQast provides a single place to manage the month-end close and gives everyone visibility. The cloud-based software is trusted by hundreds of accounting departments, including those at Door Dash, AdRoll, Indeed, Shopify, Ancestry.com, Twilio, Dollar Shave Club, Zillow and The Golden State Warriors.

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