FloQast – Delivering workflow automation created by accountants for accountants

Founded in 2013, FloQast is the leading cloud-based operational accounting platform created by accountants, for accountants. By automating and modernizing everyday accounting workflows, FloQast enables accountants to work better together and perform their tasks with greater efficiency and accuracy. Now controllers and accountants can spend more time delivering greater strategic value, while enjoying a better work-life balance. FloQast delivers workflow automation software enabling organizations to operationalize accounting excellence. Trusted by more than 2,000 accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – The company was built by accountants, for accountants to enhance the way accounting teams work. It enables customers to streamline processes such as automated reconciliations, documentation requests, and other workflows that impact the month-end close, financial reporting, and payroll and is consistently rated #1 across all user review sites.

The FloQast Advantage: By Accountants. For Accountants.

Accounting has no pause button or time to stop for heavy-lift “transformation” overhauls. Up and running in days, FloQast delivers the fastest time to value and gives your team the software they want. Immediate adoption – and the flexibility to use your existing processes or easily adopt theirs – accelerates benefits across the organization. And, FloQast grows with you, scaling to support team growth and extending beyond the Close to elevate upstream and downstream financial workflows. It is cloud-native and integrates out-of-the box with your ERP, cloud storage, and collaboration tools, minimizing the need for IT. High-achieving controllers rely on FloQast for accounting operational excellence, driving faster answers, better teamwork, and greater peace of mind during the Close process and beyond. Backed by Its unmatched accounting DNA and unique accountant-first platform, controllers now accelerate cycle times, possess real-time visibility, and meet every audit with confidence.

At FloQast, they understand accountants because they are accountants. Two of their three founders are inactive CPAs, and 100% of their sales engineers and implementation team are accountants, meaning you’ll always engage peer-to-peer for a unique FloQast experience. FloQast frees controllers from the perpetual tradeoffs that hinder operational excellence, finally enabling both speed and accuracy through automation, orchestrated workflows and centralized documentation; control and flexibility through more predictable cycle times and continuous audit readiness; and full transparency that’s always current, without interrupting productive work to chase down latest status updates. The company works the way accountants work, from folder structure to checklists to interface, with a highly intuitive accounting-first design that is familiar and easy to use. They also embrace the tools accountants' love – like Excel – integrating them seamlessly into the process flow.

Elevating Accounting Everywhere

FloQast^™ Close: It provides a single place for your team to manage month-end Close tasks, enhance accountability, improve accuracy, and collaborate effectively from anywhere. Give your team time to focus on more strategic projects by improving team coordination and automating workflows. FloQast customers report an average 26% reduction in Close time. Ensure reporting is accurate and complete the first time with integrated sign-offs, automated trial balance tie-outs, and alerts if balances change. FloQast customers report an average increase of 39% in Close data accuracy. Give your team a better way to Close the books together. Let everyone involved instantly view the status of all tasks, see notes, and easily communicate from wherever they are working. The customers report a 28% reduction in effort to Close the books. With FloQast, accounting teams of any size can see the status of every task. Track outstanding to-dos from a single dashboard, ensure team members meet deadlines, and identify opportunities to reallocate resources to guarantee the Close is finished on time each month.

FloQast^™ Reconciliation Management: It is an advanced workflow automation solution that works with FloQast Close to deliver end-to-end account reconciliation management. Increase financial velocity and accuracy of the Financial Close while managing the risk of misstatement. FloQast Reconciliation Management allows controllers and their teams to automate and manage the end-to-end reconciliation process with a centralized solution trusted by accountants and auditors worldwide. Reconciliation Tracking gives accountants a centralized view of the reconciliation status of each account with balance comparisons, preparers, reviewers, and sign-off dates. FloQast sends automatic notifications when reconciliations are due, items are ready for review, or the platform detects an unexpected out of balance condition. FloQast Reconciliation Management provides a single dashboard where you can monitor reconciliations in real time. See a quick summary or dive into the details, check the status of your reconciliations, and understand the impact on your Financial Close.

FloQast^™ Compliance Management: It reduces financial compliance complexity by streamlining financial controls together with the Close for always-on audit-ready compliance. Embed continuous controls capture into critical business processes like the financial close for clear visibility into control ownership and execution. Push controls accountability where it belongs – with business process owners – while increasing visibility into testing status and control effectiveness. Reduce your audit burden with centralized audit evidence and testing, automating your PBC processes for better transparency, collaboration, and assurance. With FloQast Compliance Management, you capture financial controls while performing daily tasks like the Close or account reconciliation for clear visibility into control ownership, responsibilities, and execution. You enforce control testing and shift accountability back to business task owners. FloQast Compliance Management also matches controls to risks for increased risk awareness and understanding, extending risk detection and prevention efforts to Finance and Accounting in addition to Audit. You can now align your organization around your financial compliance and controls programs and empower teams to identify control design gaps while creating a continuous cycle for optimization.

About | Mike Whitmire

As CEO and Co-founder, Mike leads FloQast’s corporate vision, strategy and execution. Prior to founding FloQast, he managed the accounting team at Cornerstone OnDemand, a SaaS company in Los Angeles. He began his career at Ernst & Young in Los Angeles where he performed public company audits, opening balance sheet audits, cash to GAAP restatements, compilation reviews, international reporting, merger and acquisition audits and SOX compliance testing. Mike is also the author of Controller's Code: The Secret Formula to a Successful Career in Finance, an Amazon Best Seller providing career guidance for finance professionals. He holds a Bachelor’s degree in Accounting from Syracuse University.

"We are the modernizing force that's improving both the practice and the profession of accounting while fundamentally changing how accounting gets done."