Remove Automation Remove Close Processes Remove Technology
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How PulteGroup Transformed its Financial Close Process

FloQast

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.

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Automating Bank Reconciliations: Ascent Aviation’s Success with FloQast

FloQast

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. Results Achieved : With FloQast, Ascent Aviation streamlined their 20-day close process to just 10 days.

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FloQast Achieves ISO 42001 Certification, Setting the Standard for Ethical AI in Accounting

FloQast

As we continue to push the boundaries in the AI space , our AI-powered tools help accounting teams do more with lessenhancing decision-making, uncovering insights, and reducing repetitive tasks through intelligent automation. But this drive for innovation comes with a responsibility to do things ethically and securely.

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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process. Due to the inefficiencies and error proneness of account reconciliation through traditional processes, finance teams should automate through , new technologies in the industry.

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The Silent Costs of a Traditional Financial Close (and Why It’s Time To Modernize)

FloQast

And solutions that are easy to implement help businesses mitigate the cost of traditional close processes and enhance performance. Automation can reduce the time to close by 26 % or more. Accurate and timely financial reporting in business is a must. There’s also a large operational impact.

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Closing The Books, With An Eye On Process And Automation

PYMNTS

In a survey conducted by the Institute of Management Accountants (IMA), and sponsored by Blackline, titled “Process Automation in Accounting and Finance,” examining the attitudes and concerns of 750 financial professionals surrounding accounting and month-end closing processes, manual activities remain prevalent — at the cost of time and money.

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How Real-Time Data Recharges The Monthly Financial Close

PYMNTS

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.