Think all account reconciliations are the same? Think again. Some processes should be automated, while others require manual, but efficient, management.
Drive efficiency and reduce risk with a smart, flexible reconciliation strategy.
FloQast automatically tracks timing and unknown errors to ensure all reconciling items are recorded, tracked, and managed in one place. Know precisely why reconciliations don’t tie out and fix them in minutes.
Bring reconciliations into one place to streamline the review process with visibility into the readiness of reconciliations. Receive automated alerts when reconciliations are due, ready for review, or when accounts unexpectedly go out of balance.
Complete automatable reconciliations faster with AutoRec Matching and Amortization so your team can manage the process by exception. Remove manual ticking and tying to focus on higher-risk reconciliations.
“AutoRec gave me at least 22 hours back on my schedule. Now I can focus on items that need additional research rather than manually seeking out matches.”Lexi Graham
FloQast Reconciliation Management gives teams the flexibility to choose the most effective reconciliation method for each account. AutoRec Matching automates the reconciliation process for bank, clearing, credit card, intercompany and other accounts and saves your team significant time by matching thousands of transactions automatically. AutoRec Amortization sets up automatic amortization schedules for prepaid accounts. For reconciliations better done manually, FloQast also integrates with spreadsheets.
Reconciliation tracking gives accountants a centralized view of the reconciliation status of each account, with balance comparisons, preparer, and reviewer sign-off dates. Automated controls are in place to prevent sign-offs above materiality thresholds and the ability to lock-down reconciliations from further changes. Teams can automate tie-outs between reconciliation workbooks and the general ledger, along with automated completeness checks to gain confidence in a reconciled trial balance.
Founded by former accountants who understand the importance of choosing the right reconciliation strategy, FloQast was built for fast reconciliation workflows without the risk.
Unlike most enterprise solutions, you can fully deploy and train your team on FloQast in just two weeks. Avoid costly, months-long implementations and start automating the slowest parts of your reconciliation process.
Connect to communication tools like Slack and integrate FloQast with your ERP for full visibility into your close process and other key workflows.
Execute account reconciliations so your team is audit-ready all the time. Use FloQast to ensure work is complete, and reconciliations tie out before auditors arrive for fieldwork.
In the middle of the Close and want to implement a tool that helps your team execute the Close quickly and accurately? See how FloQast can help your team automate accounting workflows and track Close tasks in a single solution.
Gain confidence in your control environment and quickly gather PBC requests for the auditors to reduce pain points in SOX Compliance. See how FloQast can help your team be prepared going into your next SOX audit.
With FloQast, Bluecore was able to cut its Month-End Close from 2 days to 10 while automating much of the reconciliation process with FloQast Reconciliation Management
Read More
FloQast Reconciliation Management is an advanced workflow automation solution that works with FloQast Close to deliver end-to-end account reconciliation management, driving increased financial velocity and accuracy of the financial close while managing the risk of misstatement.
Watch Video
