Use Cases - Financial Close
Automated, End-to-End Close Management
Close your books quickly and accurately every month by automating accounting workflows and tracking Close tasks with a single solution.
Remove the biggest obstacles to a faster, more accurate Close.
Reduce your close time by 26% and increase your Close accuracy by 39%. Automate tedious tasks and follow up as you collect evidence.
Assign tasks to team members and track progress against your Close in your FloQast Ops dashboard. Your entire close process stays organized in one place.
Avoid human error and Close with greater accuracy. FloQast automatically checks your data and verifies that each step has been completed, with integrations to your ERP and other systems for an end-to-end view.
“FloQast offers wonderful visibility for us, even with everyone shifting to remote locations. I would recommend using FloQast because it’s made us more efficient, and it’s made managing the close so much easier. It’s a fantastic tool; we love it”Jeanne Du
See exactly what you need to do before Close, from requesting information from department heads to confirming payments. You can assign to-dos to your colleagues, add custom tasks, and check your dashboard to see how far you’ve progressed and what still needs approval.
Manage all of your reconciliations in one place with a centralized view. Automate reconciliations for a variety of accounts like bank, clearing and prepaid expenses. Easily manage the roll-forward of documents and tasks. Get automatic notifications of any exceptions for quick resolution.
Founded by former accountants who understand the biggest challenges to a successful Close, FloQast was built to cut your time-to-Close and maintain accuracy each month.
Unlike most enterprise solutions, you can fully deploy and train your team on FloQast in weeks. Avoid costly, months long implementations and start streamlining your close process.
Connect to communication tools like Slack and integrate FloQast with your ERP for full visibility into your close process and other key workflows.
Streamline the Close to leave ample time for Financial Reporting and proper review. Centralize the management of the financial reporting process with real-time visibility and increased collaboration across the team.
Think all reconciliations are the same during your Close? Think Again. Some processes should be automated, while others require manual, but efficient management. FloQast helps teams set up reconciliations that make sense.
Once the Close is done, it’s onto downstream workflows such as FP&A. Give your team real-time visibility into the Close status to connect accounting and finance operations for a more efficient Financial Planning and Analysis process.
With FloQast, NEXT Insurance revamped the Close process, allowing team members to complete and review reconciliations and checklist items in a much more timely manner.Read More
FloQast automates common accounting workflows helping to streamline and make them more efficient. Whether automating reconciliations, documentation requests, or other workflows such as the month-end Close, financial reporting, or payroll, FloQast’s easy-to-use and quick-to-deploy solutions enhance the way accounting teams already work.Watch Video