Audit Close Processes Document 
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. “We We had a very manual process before,” Woods said. “We
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. These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. That saved us $110,000 in outside audit fees.”
FloQast
MARCH 25, 2024
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. This increases the time it takes to close and adds more pressure to workloads during this process. Take SOX as one example.
FloQast
MARCH 27, 2024
This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Additionally, with Audit Reports, managers can track changes to processes, noting who made a change and the timing, ensuring strategy remains aligned with execution. Audit Readiness Remember this?
EBizCharge
NOVEMBER 11, 2024
Regular reconciliation also makes the month-end and year-end closing processes smoother. Standardize procedures: Establish a standardized, documented reconciliation process with clear steps, timelines, and responsibilities. Training fosters consistency, accuracy, and efficiency within the reconciliation process.
FloQast
FEBRUARY 14, 2024
With its Close operating smoothly, a.k.a Let’s take a look at how FloQast helped the Director of SOX Compliance and Head of Internal Audit at a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency. Brands jumped at the opportunity to try out FloQast Compliance Management.
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. We have a checklist set up that details tasks that we need to perform and the calendar timeline for the quarter-end SEC reporting process.
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