FloQast Named to JMP Securities’ 2018 List of “Hot 100 Privately Held Software Companies”
Aug 23, 2018 | By Business Wire
Close management platform debuts on 2018 best software companies list; garners accolades as integration is proven quicker and more efficient than legacy solutions
LOS ANGELES, August 23, 2018-- FloQast, a provider of close management software created by accountants for accountants to close faster and more accurately, today announced it has been named to the JMP Securities' Hot 100 list of the Best Privately Held Software Companies in 2018. FloQast is a cloud-based accounting software solution dedicated to helping accounting teams reconcile their month-end close up to three days faster, more efficiently and accurately.
JMP Securities, a San Francisco-based, full-service investment bank, publishes its annual “Hot 100” list to highlight the best privately held software companies as determined by the firm’s technology equity research group. 2018 marks the ninth edition of this report. JMP Securities selects the Hot 100 based on a range of criteria, including prospects for addressable market opportunity, competitive differentiation, sustainable growth, product value-add, and quality of leadership.
“The month-end close is a manual, cumbersome process that is crying out for automation,” said Michael Whitmire, CPA*, co-founder and CEO of FloQast. “Legacy solutions focused on the requirements of very large organizations and taking a replacement approach for common financial tools don’t address the broader market’s true needs. FloQast’s quick to deploy and integrated approach to close management software continues to surge and is rapidly gaining new adherents.”
FloQast is accompanied on the 2018 Hot 100 list by other notable private software companies of which 15 are customers of FloQast, including Puppet, Druva, Databricks, and Sumo Logic.
FloQast continues to be recognized by multiple organizations and is quickly garnering accolades. It was just ranked as one of the top 15 medium-sized companies in the Los Angeles Business Journal’s 100 Best Places to Work, rising seven spots in rank in its second year listed. The survey and awards program was designed to identify, recognize and honor the best employers in Los Angeles, benefiting the county's economy, workforce and businesses.
FloQast also received the highest score by Gartner amongst vendors in Lower Mid-sized Organization Use Case in its 2018 Critical Capabilities for Cloud Financial Close Solutions report published August 9, 2018. 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.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.