Risk & Compliance
Connect Risk, Controls, and Audit in One Platform
Bring accounting, compliance, and internal audit together to manage SOX, enterprise risk, and operational audits.
Increase Transparency
Promote accountability with visible, accessible risk and operational data to simplify monitoring across your teams.
Proactive Risk Mitigation
Stay ahead of risks with real-time monitoring through continuous control capture and control owner accountability.
Streamline Audits
Centralize audit evidence collection, testing, and remediation for improved collaboration and combined assurance.
Trusted by 3,500+ global companies
Proactively Manage Risk and Streamline Compliance
Financial Controls
Keep your risk control matrix, narratives, and flowcharts connected and current, with every control executed and evidenced in one platform.
AI takes a first pass on attribute testing, and exceptions are remediated where controls are executed.
Audit Readiness
Capture control evidence at the source by linking internal controls to the close and workflows already tracked in FloQast.
Automated requests and reminders replace manual follow-ups, so testing starts sooner and audits wrap up faster.
Enterprise Risk Management
Score business risks, define risk treatment plans, and use heatmaps to drill into high-risk areas across the organization.
Link common controls to every applicable framework to reduce duplicate work and monitor risk with live control data.
Operational Audits
Plan, execute, and report on operational audits in the same platform your team uses for SOX, powered by AI.
AI drafts your scope, work plan, and audit reports from your data, so you can cover more of your audit universe.
"FloQast has transformed the way we’ve been able to see our SOX and controls environment in a clearer fashion, it’s a totally improved program. We have fewer meetings, less back and forth, and I can report up to our CFO or CAO in a more thorough and meaningful way."
Christina Kang, Senior Director Technical Accounting,
Veracyte
Read the Case Study
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 Risk & Compliance. Accounting teams use FloQast Close Management to perform month-end close tasks, balance sheet reconciliations, etc. Risk, Compliance, and Internal Audit teams use FloQast Risk & Compliance 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 Risk & Compliance integrates seamlessly with other FloQast products (e.g., FloQast Close Management, FloQast Transform) 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 Risk & Compliance 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 Risk & Compliance 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 Risk & Compliance 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/Optro is that FloQast already houses key audit evidence (e.g., balance sheet reconciliations and operational workflows). If you are using FloQast in tandem with Optro 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. Optro is a GRC solution. FloQast is a platform that combines both solutions into one.
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