Connected Compliance

One Source
for Connected Compliance

Bring All Three Lines of Defense
Into a Single Platform

Mitigate risk by connecting your GRC landscape to FloQast business processes for real-time control execution. FloQast offers centralized workflows for management, compliance, and internal audit teams to enhance control monitoring, collaborate, and efficiently design, manage, test, and remediate internal controls.

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FloQast Compliance Management

A GRC solution that delivers business-integrated controls and proactive risk management, driving higher business performance and reducing the risk of non-compliance.

Enhance Transparency

Demystify your control framework by promoting transparency in how risks are managed through controls that are readily visible and accessible across your teams.

Integrate Controls

Embed controls into critical business processes to push accountability to control owners and ensure clear visibility into control ownership and execution.

Streamline Audits

Reduce your audit burden with centralized audit evidence, testing, and remediation, automating your PBC process for better transparency, collaboration, and assurance.

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FAQs

I thought FloQast was an accounting platform. Is FloQast really for risk, compliance, and internal audit teams?

Yes! The FloQast platform is divided into several independent products: Close Management and Compliance Management. Accounting teams use FloQast Close Management to perform month-end close tasks, balance sheet reconciliations, etc. Risk, Compliance, and Internal Audit teams use FloQast Compliance Management to run a GRC program.

How is FloQast different from other GRC solutions?

Most GRC solutions are designed for risk, compliance, and internal audit teams but are disconnected from other key systems where key compliance activities take place. Some GRCs offer integrations to connect back to source systems, but this is often much easier said than done. Many FloQast products are already the source of truth for many key control activities. FloQast Compliance Management integrates seamlessly with other FloQast products (e.g., FloQast Close Management, FloQast Ops) for a connected GRC experience. The result is one fully connected GRC that encapsulates risk, compliance, and internal audit and links to underlying tasks performed by control owners.

I see the overlap between GRC and accounting in SOX compliance. Is FloQast’s GRC solution just for SOX?

SOX is a strong use case for FloQast Compliance Management due to the integration we offer out of the box to FloQast Close Management. Your Compliance team, Internal Audit team, and Control Owners can live in one interconnected platform. However, FloQast Compliance Management includes broad GRC capabilities. Many other use cases are supported across the platform – enterprise risk assessments, internal audits, multi-framework compliance, and more!

I am interested in FloQast’s GRC functionality, but I am not sure if I need any of FloQast’s accounting products. Can you use FloQast Compliance Management by itself?

Yes! FloQast Compliance Management can be used as a standalone product. FloQast Close Management or any other FloQast product is not required. These products offer great value when used together but can also be used independently.

How is FloQast different from Workiva’s GRC and AuditBoard?

The biggest difference between FloQast and Workiva/AuditBoard is that FloQast already houses key audit evidence (e.g., balance sheet reconciliations and operational workflows). If you are using FloQast in tandem with AuditBoard or Workiva’s GRC, someone is likely downloading evidence from FloQast and uploading it into one of those systems. With FloQast, everything would be in one platform, and that problem would be automated and eliminated entirely. Evidence requests (i.e., PBCs) would be drastically reduced, with controls dynamically linked back to underlying tasks.

If I use both Blackline and AuditBoard, can I replace both tools with just FloQast?

Absolutely! Blackline’s main product offering is Close Management. AuditBoard is a GRC solution. FloQast is a platform that combines both solutions into one.

Explore Connected Compliance

Proactive Risk Management

Synchronized RCM to Flowcharts & Narratives

Continuous Control Capture

Testing Automation

Multi-Framework Support

Proactive Risk Management

FloQast provides a single platform for reviewing risks, documenting changes, and visualizing their impact with automated heat maps. Through centralized dashboards, management gains real-time visibility into risks with ineffective controls, offering a complete view of organizational risk health at both organizational and process levels.

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Synchronized RCM to Flowcharts & Narratives

FloQast Compliance Management allows users to perform a completeness check of controls in your Risk Control Matrix (RCM) against narratives and flowcharts to minimize control gaps and risks. It also synchronizes control descriptions across documents, ensuring that audit evidence stays current and reducing the time and effort needed for audit preparation.

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Continuous Control Capture

FloQast Compliance Management captures control execution at the source, linking controls to business processes and workflows. It provides visibility into control ownership and execution, enforces testing, and shifts accountability to control owners. Internal Audit and Compliance Managers work on a unified platform, creating a single source of truth and enabling continuous control optimization.

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Testing Automation

Streamline testing with embedded test sheets that transfer data to dashboards for real-time visibility into risks and control progress. The platform also automates population file requests, sample selections, and follow-up requests for sample support while simplifying documentation with automated annotations. These enhancements allow Internal Audit teams to collaborate efficiently, address control deficiencies quickly, and maintain continuous compliance and optimization.

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Multi-Framework Support

With customizable fields, FloQast’s agile compliance solution supports GRC frameworks like SOX, ESG, MAR, ISO, SOC 2, and many more. Compliance teams can tailor risk assessments and controls to meet specific requirements, consolidating efforts into a single platform. This adaptability ensures efficient execution across regulations and accelerates your return on investment.

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“I love having one source for connected Close and Compliance controls in FloQast. In this case, the whole really is greater than the sum of its parts in terms of value and productivity.”
Jake Burgess
VP & Corporate Controller
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