Close Automation
Journal Entry Management Integration with Checklists
We've introduced new features that integrate Journal Entry Management with Checklists. You can now link journal entries directly to checklist tasks, making it easier to track approvals and documentation in one place. Additionally, journal entry approval status can sync with checklist sign-offs, automating task completion when a journal entry is reviewed.
AI Matching Enhancements
We've made several updates to improve your AI Matching experience:
- Updated Layout and Loading Experience for improved usability.
- Currency and Date Format Customization based on Rec settings and user preferences.
- Enhanced Search Filters for more precise searches by date, amount, and keywords.
Daily Recs
FloQast now supports Daily Reconciliation Sign-Off, which helps teams document and track reconciliations for GL accounts with high transaction volumes. This feature helps distribute workload, streamline the close process, and reduce errors associated with large data sets. Once enabled in the reconciliation settings, daily sign-offs allow teams to maintain a detailed history of reconciliations for each business day along with support for familiar controls including strict sign-off, strict tie-out, and reconciliation exports.
AI Matching: Unmatch Transactions Matched by a Rule
You can now unmatch transactions that were previously matched by a rule. This update allows you to correct incorrect matches while keeping the rule in place for future use. Similar to unmatching manual matches, simply select the checkbox next to the matched transaction in the matched table and click the Unmatch button, now located in the bottom right of the screen.
Intacct Integration for Journal Entry Management
JEM is designed to streamline and automate the process of creating, managing, and reviewing journal entries within FloQast. We're excited to announce we now integrate with Intacct! Our solution allows users to efficiently create journal entries with built-in validation rules, ensuring accuracy and compliance before posting to back to Intacct! If you're interested in enabling this feature, contact your ASM for more details.
Reporting
Variance Analysis 12 Month Trailing Reports
12-Month Trailing Reports are now available for customers who have onboarded with an enhanced integration. This feature allows you to view the 11 months prior to your comparison period within Month-over-Month (MoM) reports, providing greater visibility into historical trends. The trailing view can be enabled during report creation or within report settings. Once enabled, prior months will appear as additional columns in the report, allowing for easy horizontal scrolling. Report settings also include an option to toggle trailing view on or off, with a prompt to refresh the report when changes are made. The Export dropdown has been updated to reflect these changes, with trends now applied directly to the base report export. Contact your ASM for more details.
Compliance
Compliance Mangagement: Past Due Slack and Teams Notifications
We've expanded Compliance Notifications in Slack and Teams to include Past Due notifications. In addition to "Due Soon" alerts, you can now receive notifications for overdue compliance items, helping you stay on top of critical deadlines. These notifications can be managed in User Notification Settings, allowing you to choose where to receive updates.
Compliance Management: Certification Enhancements
We've made several updates to improve your experience with Certifications:
- Updated Sidebar Navigation for easier navigation within Certification results.
- Improved UX when accepting or rejecting proposed control changes.
- Customizable Notifications to enable or disable "Coming Due" and "Past Due" alerts per certification.
- Certification Copying when duplicating an Audit Project.