FloQast Close provides a single place for your team to manage month-end Close tasks, enhance accountability, improve accuracy, and collaborate effectively from anywhere. With integrated sign-offs, automated trial balance tie-outs, and alerts if balances change, your team can ensure reporting is accurate and complete the first time. Improve transparency and collaboration by letting your team instantly view the status of all tasks, see notes, and easily communicate from wherever they are working.
FloQast Reconciliation Management
FloQast Reconciliation Management is an advanced workflow automation solution that works with FloQast Close to deliver end-to-end account reconciliation management. Increase financial velocity and accuracy of the Financial Close while managing the risk of misstatement.
- AutoRec Transaction Matching: Leverage AI to automate the account reconciliation process and speed up the month-end Close. AutoRec Matching automates the reconciliation process for bank, clearing, credit card, intercompany, and other accounts, saving your team significant time by matching transactions automatically.
- AutoRec Amortization: Automatically amortization schedules for prepaid accounts, making it easy to understand how each item is being amortized and ensuring the correct amount and number of months. Easily edit and preview your changes as needed.
- Track Reconciling Items: Ensure that all reconciling items are recorded, tracked, and managed in one place. The platform tracks timing and unknown errors, gives reviewers greater visibility into the age and materiality of each reconciling item, and has a documented audit trail of resolution.
FloQast Variance Analysis
FloQast Variance Analysis is a capability offered with FloQast Close for Finance and Accounting teams who need to manage business and budgetary performance through Flux and Budget variance analysis.
- Flux Analysis: Execute flux analysis during the Close by finalizing account balances with reconciliations, automatically create reports according to thresholds and assignments, then assessing variances from past periods to dive into the story behind the numbers. Execute this detective control with ease to gain further confidence behind your Close.
- Budget Variance Analysis: Utilize advanced features and customizable budgetary reporting to gain insight into fiscal performance. Compare your final account balances to budgetary amounts for variances in scope based on set thresholds, so your team can provide data-backed explanations to FP&A.
FloQast Analyze identifies how Close-related trends are progressing over time and allows teams to leverage historical financial data to promote a culture of accountability and continuous improvement. Leverage 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 of or behind schedule. Instantly access data for detailed management reports.
FloQast Compliance Management
FloQast Compliance Management reduces financial compliance complexity by streamlining financial controls together with the Close for always-on audit-ready compliance. Reduce complexity by embedding continuous controls capture into critical business processes like the financial close for clear visibility into control ownership and execution. Push controls accountability where it belongs - with business process owners - while increasing visibility into testing status and control effectiveness. Reduce your audit burden with centralized audit evidence and testing, automating your PBC processes for better transparency, collaboration, and assurance.
FloQast Ops is a workflow manager that extends the power of FloQast Close, providing greater control over accounting operations and optimizing workflows across every function. Drive centralized visibility by leveraging a centralized Accounting Ops Dashboard to manage by exception, balance workloads, and reduce stress related to missed deadlines and business disruptions. FloQast Ops allows your team to collaborate on tasks and share information seamlessly with colleagues and stakeholders on a single platform.
FloQast ReMind is a request management solution that automates the time-consuming tasks of requesting information and following up, removing bottlenecks and delivering faster workflow execution. Outgoing requests can be templatized, initial outreach and subsequent follow-up can be automated, and responses are captured in a centralized dashboard.
Note: Customers may have access to a subset of the product(s) listed above based on their unique subscription. We encourage customers to refer to their specific contract terms or contact their Account Manager for detailed information regarding products included in their agreement.