Customers found integrating close management platform to be quicker and more efficient; 30-50 percent less costly than competitive financial close products
LOS ANGELES, August 16, 2018-– FloQast, Inc., a provider of close management software created by accountants for accountants to close faster and more accurately, today announced that Gartner, Inc., the leading provider of research and analysis on the global information technology industry, has given the close management solution the highest cumulative score for vendors in Lower Midsize Organization, giving it a 4.14 out of 5 rating.
According to Gartner’s scoring for its 2018 Critical Capabilities for Cloud Financial Close Solutions report published August 9, 2018, FloQast scored highest amongst vendors in the Lower Midsize Organization use case and second highest among in the Business Unit use cases. Gartner considers the lower mid-market as organizations with annual revenues between $50-$500 million and that are headquartered and have the majority of their operations in a single country.
“There are plenty of legacy solutions focused on large enterprises, but we have found that they are difficult for organizations to implement and have lower overall satisfaction for companies of more modest size,” said Michael Whitmire, CPA, co-founder and CEO of FloQast. “Rather than replacing existing technology, FloQast customers find that our cloud-based close management platform integrates with their existing solutions, making the ramp-up and integration incredibly quick and efficient.”
This Critical Capabilities scoring comes after FloQast was included for the first time in the July 2018 Gartner Magic Quadrant for Cloud Financial Close Solutions.
To learn how FloQast shortens the month-end close process, increases the accuracy, timeliness and completion of account reconciliations and improves audit capabilities, visit www.floqast.com/products and follow on Facebook and Twitter.
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FloQast is 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. To learn more, visit www.floqast.com and join the conversation on Twitter @floqast.