FloQast

MARCH 11, 2024

The Challenge: A Manual and Paper-Intensive Process Before integrating FloQast, PulteGroup grappled with a manual process laden with paperwork. With 27 divisions to coordinate, the inefficiencies compounded, leading to prolonged close times and increased risk of errors.

Close Processes 105

Close Processes Process Reconciliation Audit 105

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliation 130

Reconciliation Automation Accounts Finance 130

FloQast

OCTOBER 30, 2024

FloQast is making waves in the accounting world with the launch of our Accounting Transformation Platform. This isn’t just an upgrade — it’s a rethinking of how accounting teams can operate. Let’s start with the platform itself. But we’ll get into those exciting additions later.

Automation 98

Automation Accounts Process AI 98

FloQast

JANUARY 10, 2024

So, the team set a November deadline — pretty aggressive considering the shift to remote work and everything that needs to be handled from an accounting perspective in order to do so. But Cricut’s small, but mighty, accounting team rose to the challenge. Streamlining the Month-End Close With 8.4

Accounts 105

Accounts Reconciliation Close Processes Compliance 105

FloQast

OCTOBER 13, 2024

Navigating the complex landscape of accounting requires insightful leadership and the right tools. For Jonathon Carley , Chief Financial Officer and Company Secretary at McMullen Nolan Group (MNG) , embracing innovative solutions has been key to his professional growth and the advancement of his team’s accounting practices.

Accounts 98

Accounts Close Processes Innovation Process 98

FloQast

SEPTEMBER 4, 2024

For The Joint Chiropractic (NASDAQ: JYNT), 2021 marked a pivotal year as they embarked on a journey to enhance their accounting operations by integrating FloQast into their processes. The impact proved transformative, dramatically improving their Close process , enhancing workflow visibility, and expediting reporting.

Compliance 98

Compliance Automation Accounts Audit 98

FloQast

MAY 15, 2024

Ascent Aviation Services , a leader in aviation maintenance and repair based in Marana, Arizona, faced significant challenges in its accounting operations. The month-end Close process suffered from recurring errors, a lack of accountability, and time-consuming reconciliations across numerous bank and general ledger (GL) accounts.

Reconciliation 105

Reconciliation Automation Close Processes Accounts 105

FloQast

MARCH 25, 2024

About the Author: Katie Thomas, CPA, is a content creator, 2021 & 2022 40 under 40 CPA Practice Advisor recipient, Top 50 Women in Accounting recipient, and the owner of Leaders Online, where they help accounting professionals increase their impact, influence, and income through thought leadership and digital marketing.

Close Processes 105

Close Processes Compliance Automation Risk 105

The Finance Weekly

APRIL 12, 2022

For many accounting and finance professionals, being a chief financial officer (CFO) is a career highlight. When it comes to the annual budgeting process, building a rapport with these department heads will go a long way. Accounting must function properly in order for FP&A to plan and forecast effectively.

Finance 245

Finance Process Accounts On-Demand 245

FloQast

FEBRUARY 14, 2024

In the fast-paced finance and accounting world, keeping up with regulations and ensuring a smooth Close are crucial organizational processes. With its Close operating smoothly, a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency.

Compliance 105

Compliance Reconciliation Close Processes Automation 105

FloQast

JUNE 12, 2024

Curis , a biopharmaceutical innovator based in Lexington, Massachusetts, faced challenges with their traditional, paper-heavy month-end Close process and compliance program. Improved visibility and accountability with real-time access to control execution and testing results. This is where FloQast stepped in.

Compliance 105

Compliance Close Processes Audit Duplicate 105

FloQast

JUNE 17, 2024

With a diverse portfolio and operations spanning multiple continents, the company faced significant challenges in its month-end Close process. Aspect Energy’s monthly Close times ranged from 15 to 45 days, creating delays in financial reporting and decision-making. Improvements Seen: U.S.

Close Processes 98

Close Processes Best Practices Accounts Process 98

PYMNTS

APRIL 10, 2020

More sophisticated tools can empower teams to more accurately predict cash flows and guide their organizations’ growth strategies, with opportunities to collaborate across procurement, accounts payable, accounts receivable, treasury and beyond. Transformation Through Data.

Close Processes 87

Close Processes Finance Automation Process 87

FloQast

AUGUST 22, 2024

G&W ) , a major freight railroad operator with 115 railroads globally, was facing challenges in their month-end Close process, complicated by a pending ERP migration. FloQast offered immediate productivity gains, comprehensive ERP migration support, and a smooth implementation process, making it the ideal solution for G&W.

Reconciliation 86

Reconciliation Audit Close Processes Compliance 86

FloQast

FEBRUARY 29, 2024

Every minute saved in the financial close process can translate to significant organizational gains. Here’s a glimpse into our discussion: Identifying the Need for Change FinQuery , a leading SaaS-based lease accounting and spend management platform, has experienced rapid growth in recent years.

Close Processes 105

Close Processes Process Finance Automation 105

FloQast

JANUARY 22, 2025

The accounting landscape is changing and its happening at a faster pace than many of us anticipated. As a result, CFOs and their teams are under serious pressure to meet these challenges and modernize their accounting departments without sacrificing efficiency, accuracy, and compliance.

Accounts 52

Accounts AI Automation Audit 52

PYMNTS

APRIL 22, 2020

With a managed accounting service (MAS) created for startup founders and chief financial officers (CFOs), AcctTwo has rolled out service called MAS for SaaS. In separate news, Trintech , the reporting software provider, has teamed with Sage to work on a new and faster financial close processes.

Accounts 52

Accounts Reconciliation Close Processes Process 52

PYMNTS

SEPTEMBER 21, 2017

Gappify is the latest company to roll out business accounting-related chatbot technology. 20) that it has launched Alan, chatbot technology designed to assist business accountants. Using robotics process automation technology, Alan automates tasks to help corporate accountants focus on more strategic and value-add processes.

Accounts 45

Accounts Bots Cash Management Automation 45

Nanonets

MAY 6, 2024

Spreadsheets like Excel have long been a staple for account reconciliation , but their limitations are becoming increasingly evident. Plus, the inability to identify the individuals responsible for the latest document updates creates a lack of accountability for project stakeholders and can even compromise security measures.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Account Reconciliation can be a fairly manual task, especially right before the monthly close. Why is Account Reconciliation so Important?

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

FloQast

AUGUST 14, 2024

Fanatics , a global leader in sports fan experiences and v-commerce, was grappling with an inefficient month-end Close process. Discovering FloQast marked a turning point for Fanatics, providing the efficiency and control needed to enhance their financial processes. The transparency we gained right from the start was tremendous.”

Reconciliation 80

Reconciliation Close Processes Audit Compliance 80

Nanonets

MARCH 20, 2023

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. The accounts payable or AP is the amount of money that a business owes to its vendors/suppliers for availing their goods/services.

Process 52

Process Accounts Automation Checks 52

PYMNTS

DECEMBER 16, 2016

Yet, in this most crucial of processes, inefficiencies exist, so much so that timeliness lags. At the same time, the executive noted, as many as two-thirds of respondents said that they work with some form of packaged accounting software, which speaks to some automation.

Automation 74

Automation Process Reconciliation Close Processes 74

FloQast

FEBRUARY 19, 2024

In the wake of its IPO, Zoom faced the challenge of restructuring its month-end Close process to accommodate its expanding operations and to ensure compliance with regulatory standards. Key Takeaways: Streamlined month-end close process, reducing timeline from 8 days to 5 days.

Posting 105

Posting Close Processes Facilitators Compliance 105

The Finance Weekly

OCTOBER 13, 2021

Accelerate the Financial Close Companies and their finance teams must now, more than ever, respond quickly to identify and capitalize on areas of potential growth. When a firm spends weeks reconciling accounts, closing the books, and reporting earnings to stakeholders, moving quickly is challenging.

Risk Management 130

Risk Management Risk Automation Close Processes 130

FloQast

MARCH 27, 2024

For a profession that digests a volume of data that many others might not think possible, the onus on accountants to ensure accuracy consistently can seem daunting. This is, of course, precisely why reconciliations are so core to the accounting function. Simply put: Not all recs tie out.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

Nanonets

APRIL 4, 2023

Even if you’re not a math whiz or an accounting expert, Excel allows you to keep detailed, accurate business records. Excel can also be used to create a full accounting system, complete with financial statements, for a complex business with lots of expenses, income streams, assets, and debts. Start your free trial today.

Small Business 52

Small Business Accounts Automation Payment APIs and Integration 52

Nanonets

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. We will discuss the following: What is Accounts Payable?

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

APRIL 19, 2023

Fortunately, modern technology offers a range of software and automation tools that can simplify various accounting operations, including payment recording, expense tracking, and the Accounts Payable Process. Allstar reports that it takes 6 to 18 months for accounts payable software to pay off the investment made.  

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

Close Processes 47

Close Processes Innovation FinTech Accounts 47

FloQast

NOVEMBER 18, 2024

The Accounting Transformation Platform introduces new AI workflows to deliver value throughout every step of the accounting journey, including: Optimize the close Automate the close Connected compliance Integrated record-to-report To support this platform, we announced the launch of three new solutions.

Compliance 98

Compliance Automation AI Product 98

FloQast

JUNE 5, 2024

In late 2021, SumUp , a global payments provider serving millions of businesses worldwide, faced significant challenges with their manual, spreadsheet-based monthly Close process. Streamlined Workflows: FloQast offered pre-built templates and workflows specifically designed for the Close process.

Close Processes 52

Close Processes Addressing Reconciliation Automation 52

FloQast

NOVEMBER 11, 2024

In every accounting department I’ve been a part of, a crucial period rolls around at the end of each month: the month-end Close. The month-end close process is the culmination of a month’s worth of financial transactions, when all hands are on deck to ensure the company’s financial records are accurate and up-to-date.

Reconciliation 52

Reconciliation Close Processes Accounts Transactions 52

Nanonets

MAY 10, 2023

That's why finance teams are increasingly adopting a 3 way match of vendor invoices as an essential step of their accounts payable process. The accounts payable 3 way match process is largely dependent on tracking details across three documents: purchase orders, order receipts and invoices.

Accounts 52

Accounts Automation Duplicate Process 52

PYMNTS

SEPTEMBER 23, 2020

Intelligent Collections will provide real-time visibility and predictive tools to show accounts receivable departments which accounts might be late on payments or delinquent, according to the release.

Automation 70

Automation Finance Correspondent Close Processes 70

The Finance Weekly

APRIL 28, 2024

These let you link up your accounting and finance software with all the top business apps out there. Quickbooks Online Overview QuickBooks Online is an accounting software that lets companies, big or small, handle finances from anywhere with an internet connection.

Payment APIs and Integration 130

Payment APIs and Integration CRM Automation Multi-Currency 130

FloQast

SEPTEMBER 16, 2024

In a competitive manufacturing landscape, Oregon Tool needed to enhance their accounting operations across diverse global entities. Faced with decentralized processes, they sought a solution that could unify and streamline their operations. Simple implementation and minimal training necessary.

Compliance 81

Compliance Procedures Reconciliation Professional Development 81