FloQast launches FloQast Ops for accounting operations
By Joy Dumasia
FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced the launch of FloQast Ops, a new workflow management solution that addresses upstream financial functions like Accounts Payable, Sales and Use Tax, and Accounts Receivable along with downstream functions like Compliance, Reporting, and FP&A to deliver greater control and transparency across accounting operations.
FloQast Ops comes with pre-built workflows for Compliance, FP&A, and Reporting and allows for the creation of new, custom workflows, so controllers and their teams have greater: Visibility to gain real-time, top-down insights for accounting teams to manage by exception and reduce deadline-oriented stress. Collaboration to seamlessly share tasks, roles, deadlines, and information. Time savings by automating manual and recurring tasks. Centralized documentation to ensure the organization is audit-ready.
The latest product also eliminates manual, repetitive, data-driven processes that otherwise require review, sign-off, and documented evidence. Co-innovated with over 200 companies, accountants can quickly set up FloQast Ops typically within just days.
Mike Whitmire, CPA Co-Founder and CEO at FloQast, said: “A lack of transparency and collaboration across your entire accounting operations landscape prevents the close from moving ahead, and adds to further delays that make reporting deadlines much more stressful. For accounting teams to drive operational excellence and reduce team member stress, we’ve taken many of the same capabilities our users love in FloQast Close and applied them to FloQast Ops.”
Jim Loughmiller, Co-Founder and Managing Director at CBIZ ARC Consulting, said: “We work with companies every day that need to get control of their accounting operations as they grow – up to and including a potential IPO. With increasing organizational complexity, obtaining operational control and visibility can be challenging as the right hand often may not know what the left is doing. FloQast’s Ops takes the significant capabilities of FloQast Close and extends them to bring more control and visibility across operations both upstream and downstream from a company’s close process.”
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