FloQast

JANUARY 22, 2025

Unfortunately, traditional processes are still very prevalent in accounting departments, and their inefficiencies and high risk of error make them a persistent problem for departments and the organization as a whole. These are two areas where AI and automation really shine. Next, its time to evaluate platforms.

Accounts 52

Accounts AI Automation Audit 52

FloQast

MAY 7, 2024

The Year End Close: Why Does It Matter? The Year-End closing process is the regulatory requirement that companies verify the accuracy of their annual finances. FloQast organises not only my close workflow but that of my entire team. It makes it easy for me to see exactly where everyone is in the close process.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

FloQast

DECEMBER 13, 2023

Ineffective IT Environment : A reliable and effective IT infrastructure can go a long way in supporting the day-to-day operations of the company, besides facilitating financial reporting requirements. And SOX compliance will require IT systems to provide audit trails, data integrity and accuracy, and effective disaster recovery.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

FloQast

DECEMBER 18, 2024

With the right data, the right software tools, and the right expertise, CFOs can reduce or even eliminate the tedious manual work of the close, making life easier for their employees , and taking a step into a speedier, more efficient, digital future. Month-End Close: An Overview What is the Month End Close?

Close Processes 98

Close Processes Process Accounts Adjustments 98