November 2024

Link Key Systems to Multiple (or no) Processes

You can now link key systems to multiple processes—or no process at all—directly within the platform and via bulk import. This update provides greater flexibility in setup and organization, allowing you to reflect scenarios where a key system (e.g., NetSuite) is used across multiple processes. The dropdown in the platform and the bulk import template have been updated to support this change.

October 2024

Manually Send a Reminder in Certifications

A new enhancement in Compliance Certifications allows you to manually send reminders to those who haven’t completed their certification—either individually or in bulk. This feature will make it easier to keep everyone on track.

Tests Enhancements

We’ve two new features for Compliance Tests users:

• Highlighting in Annotations: You can now highlight key information directly in the annotations page to improve visibility during file review.
• Replying to Review Notes: You can now reply to review notes within the annotation page, allowing for a streamlined, single-view discussion.

We hope these enhancements enable increased collaboration within the Compliance Tests module.

Custom fields for Issues

We’ve added the ability to create global custom fields for use in Issues, allowing you to tailor your documentation for different use cases. You can edit custom fields directly in the app or through bulk import, and they are viewable on the drill-down page of Issues. This update offers more flexibility in how you manage and evaluate issues.

Policy Management

We’re introducing the new Policy Management module to streamline how you manage, update, and link policies and procedures within FloQast. This module allows you to create and categorize policies, assign users, upload policy documents, and set up sign-offs to lock completed policies for added oversight. You can also filter and export policies, manage review notes, and easily navigate between policies for editing and updating.

FSLI (Financial Statement Line Item) Scoping

We’ve introduced a new module to help Internal Audit teams centralize and streamline their FSLI scoping process. Previously, users had to perform their scoping assessments in Excel, outside of FloQast, which limited visibility and integration. With this new solution, you can now input your financial statement data, perform scoping assessments based on both quantitative and qualitative factors, and link the data directly to relevant processes and controls.