The entire world is moving towards a digital platform and it is easy to understand why workflow software for accountants has become more important than ever. Customers are far more demanding than they used to be as they expect real-time updates, easy access to transactions and the ability to audit them from anywhere or any device. Digitalizing accounts is mandatory because the accounting department and finance section in your organization can finally adjust with these growing needs. It paves way for excellent customer response time, easy reports and staying ahead of the competition. Apart from these benefits, implementing back office management software leads to lowered expenses, less money spent on bookkeeping, makes it easier to use the power of cloud computing and accountants can finally breathe a sigh of relief from having to manually generate invoices or approve them every time there is a requirement.

FloQast is the leading provider of accounting workflow automation created by accountants for accountants to work smarter, not harder. By automating common accounting workflows and helping to streamline and make them more efficient, FloQast is the place where accounting teams want to work so they can focus on what matters most, even when that’s just going home on time. The firm offers Close Management Software by accountants, for accountants to close the books faster and more accurately.

Leading accounting solutions offered by FloQast

FloQast Close™: Closing the books is all too frequently a manual, error-prone and time-consuming process. FloQast Close™ provides a single place for your team to manage month-end close tasks, enhance accountability, improve accuracy, and collaborate effectively from anywhere. It helps to shave days off your close by improving team coordination and streamlining the process. Give your team more time to focus on other, more strategic projects. It gives your team a better way to work together to close the books. Everyone involved can easily view the status of all tasks, see notes and easily communicate from wherever they are working. One can view a roll-up of all reconciliations and variances on one screen and get alerts automatically when amounts change after sign-offs are complete.

FloQast Autorec™: Expedite the highly-repetitive, tedious process of reconciling accounts with high volumes of transactions with the industry’s only AI-powered automated reconciliation solution. Dramatically reduce time spent on account reconciliations at month end, allowing your team to focus on more strategic tasks of the financial close. It dramatically reduces time spent on account reconciliations at month end, allowing your team to focus on more strategic tasks of the financial close.

FloQast Flux™: Performing a monthly flux analysis provides critical insight to financial planning, but all too often is skipped as accounting teams are too busy and must prioritize their scarce time. FloQast Flux automates this time-consuming analysis, quickly alerting your team of actual variances by account. Perform flux analysis on your terms. Flux is integrated directly with your ERP and FloQast making updates seamless. By giving your accounting team the time needed to write meaningful explanations, your FP&A team will have a more informed starting point to forecast any corrective action.

FloQast Analyze™: Controllers are constantly challenged to close faster, yet rarely have sufficient visibility to identify and remove bottlenecks. FloQast Analyze™ provides valuable insight to optimize an accounting team’s workload and maximize process efficiency to improve future closes. Utilize analytics tools to pinpoint gaps or bottlenecks in workload allocation, allowing you to more effectively manage your team without having to micromanage. Obtain real-time insight as to whether your close is ahead or behind schedule.

Leader behind the success of FloQast

Mike Whitmire is the Co-Founder and also serves as the Chief Executive Officer of FloQast. He leads FloQast’s corporate vision, strategy and execution. Prior to founding FloQast, Mr. Mike managed the accounting team at Cornerstone OnDemand, a SaaS company in Los Angeles. He began his career at Ernst & Young in Los Angeles where he performed public company audits, opening balance sheet audits, cash to GAAP restatements, compilation reviews, international reporting, merger and acquisition audits and SOX compliance testing. Mr. Mike is also the author of Controller's Code: The Secret Formula to a Successful Career in Finance, an Amazon Best Seller providing career guidance for finance professionals. He holds a Bachelor’s degree in Accounting from Syracuse University.

“Our close management software created by accountants for accountants to close faster and more accurately and loved by all.”