Your ERP is a powerful system of record for business transactions and yet much of accounting operations remain disconnected with controllers and their teams spending a lot of time on manual, resource intensive activities like closing the books, getting audit ready, planning and analysis, and reporting on financial performance and compliance.
of Controllers in the U.S. spend time performing traditional tasks, such as closing the books or ensuring compliance with accounting standards
SOURCE: “Stepping Outside the Box: Elevating the Role of the Controller” IMA and Deloitte Center for the Controller 2020
of Controllers in the U.S. report growing burnout in their teams due to an increasingly stressful job
SOURCE: “Understanding the Modern Controller: A Survey of Financial Controllers” FloQast 2019
Organizations can take weeks and months to close the books, driving a lack of visibility to make decisions and delaying critical downstream processes like Compliance, FP&A, and Reporting. Automating the Close is an essential first step to unlocking the power of your ERP because it drives efficiency AND faster decisions.
Even with a Close management application, the accounting operations around the Close remain a chaotic mix of waiting for upstream information from AP, AR, and others or delaying downstream functions like compliance, FP&A, Reporting, and more. Getting control of accounting operations is the next step to unlock the power of your ERP.
FloQast and Microsoft Teams deliver innovative, seamless integration to meet accountants where they work. It is the only accounting workflow automation solution that provides two-way communication with Microsoft Teams. And because Microsoft Teams is mobile, the power of FloQast is now available to work anywhere.
One of the most risk-filled, labor-intensive,and stress-generating accounting operations is getting ready for the audit. With FloQast and your Microsoft ERP, you increase automation, collaboration, documentation, and visibility to the accounting operations that surround your ERP to help you reach the grail of audit readiness and efficiency.