Are certain deadlines always missed? Is one team member handling a greater load than the others? When everyone on the team can see who is responsible for what – and by when – it’s impossible for slackers to hide.
Get automatic notifications when items are ready for review or are past due so nothing holds up the close process or falls through the cracks.
Assign preparers and reviewers to checklist items and reconciliations with separate due dates to ensure your team meets deadlines.
Bring team communication to the forefront
Whether your team fits in one room or is scattered across the world, use the built-in collaboration features to keep communication documented and organized.
Attach Review Notes to specific tasks and reconciliations for easy reference. Assign them to team members and change their status as items are resolved and then closed.
Visit the Review Notes tab to see a roll-up of all your review notes organized by status.
Promote team development and continuous improvement
Are there bottlenecks within your close process? Drill down into valuable opportunities for improvement with actionable analytics.
Analyze month-over-month close metrics to determine how best to reallocate resources to accelerate and improve the overall month-end close process.
Leverage Review Notes to provide consistent feedback, promoting team development.
Onboard Faster and Reduce Turnover Pain
With all month-end close processes documented and communication transparent within FloQast, new team members can pick up right where others left off.
Reduce training time and increase consistency in the close process. Maintain records of improvement within FloQast.