FloQast Reaches One Million Accounts Reconciled for Sage Intacct Customers
Oct 18, 2017 | By Business Wire
Seamless Integration with Sage Intacct Drives Increased Adoption, Fueling Growth of the Cloud Financial Management Solution’s Clients
LOS ANGELES … Oct. 17, 2017 … FloQast, a provider of close management software created by accountants for accountants to close the books faster and more accurately, announced today the reaching of a company milestone. As of October 2017, FloQast has reconciled more than one million accounts for Sage Intacct clients.
FloQast’s seamless integration with Sage Intacct has driven the increased adoption of its close management software amongst the cloud financial management solution’s clients. Joint customers include, among many others, Grubhub, Puppet, JAMF, Buzz Points, Spiceworks, Mashable, Gaia, G2 Crowd, Indeed, naviHealth and Code42. Sage Intacct is among FloQast’s fastest-growing cloud financial management partners, with new joint clients currently on-boarding weekly.
Every month, quarter and year, organizations must reconcile supporting documentation with records from the General Ledger (GL). Through real-time APIs with Sage Intacct that ensure the latest GL entries are available for reconciliation, FloQast automates the reconciliation process, eliminating manual ticking and tying. Allowing accounting teams to work within the comfort and familiarity of Excel, FloQast reconciles Sage Intacct balances to internal Excel workbooks, ensuring no discrepancies exist. This eliminates the risk of human error as well as streamlines and expedites the process. On average, FloQast customers close their books three days faster.
“One of the biggest challenges for accounting teams today is reconciling data manually between disparate systems,” said Jerry Raphael, controller of Stack Overflow. “The advent of cloud applications such as Sage Intacct and FloQast are changing how we operate our business, allowing us to close our books 15 days faster than before. This has helped free up my team to focus on more strategic activities."
“Oftentimes, Sage Intacct organizations are rapidly growing entities seeking to improve the efficiencies of their financial planning and analysis operations,” said Michael Whitmire, CPA, FloQast chief executive officer and co-founder. “For this reason, we integrated with the cloud financial management software since our inception. Our hand-in-glove fit with Sage Intacct--from both a technology and business standpoint--means more and more Sage Intacct clients are turning to FloQast to meet their close management needs, helping fuel our growth.”
“To deliver a fast close, planning, preparation, and automation are essential to achieve efficiency and accuracy without increasing staffing levels as an organization grows,” said Dan Miller, vice president of product for Sage Intacct. “Integrations with partners such as FloQast enable our joint customers to streamline their month-end close process and funnel more of their finance teams’ time into value-added analysis and strategic planning.”
To learn more about how FloQast helps Sage Intacct clients close their books faster and more accurately, visit www.floqast.com or see a live demonstration at booth #10 during Intacct Advantage at the MGM Grand in Las Vegas from October 16-20.
FloQast is a leading developer of close management software, created by accountants for accountants to close faster and more accurately. Working with accounting teams’ existing checklists and Excel, FloQast provides a single place to manage the month-end close and gives everyone visibility. FloQast customers on average close three days faster. The award-winning solution is trusted by hundreds of accounting departments, including those at Twilio, Nutanix, Zillow and The Golden State Warriors. To learn more, visit www.floqast.com and join the conversation on Twitter @floqast.