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
FEBRUARY 14, 2024
Revolutionizing Accounting Processes FloQast’s influence stretched beyond SOX compliance, positively impacting a.k.a Brands’ accounting procedures. With FloQast’s close management capabilities in place, the finance team optimized their close process and achieved greater efficiency.
The Finance Weekly
APRIL 12, 2022
Ask yourself the following questions to put your new finance function to the test and optimize it: What is the quality of your closing process? What is the reporting process like? It's an excellent tool for processing and synthesizing small collections of data, but its limitations are unavoidable.
The Finance Weekly
OCTOBER 13, 2021
Determine who is the owner of each business procedure. Assign owners to each business process in IT, finance, operations, and other areas to ensure that everyone is working toward the same goal. So, how can businesses take advantage of automation to speed up the financial close? Think through the “extended” process.
FloQast
SEPTEMBER 16, 2024
Results Achieved: Improved compliance with real-time management of control procedures. Reduced administrative burdens, leading to streamlined processes. By integrating Compliance Management into our Close Management process, we ensure that control procedures are followed in real time.
FloQast
NOVEMBER 11, 2024
In every accounting department I’ve been a part of, a crucial period rolls around at the end of each month: the month-end Close. The month-end close process is the culmination of a month’s worth of financial transactions, when all hands are on deck to ensure the company’s financial records are accurate and up-to-date.
PYMNTS
OCTOBER 20, 2020
As companies grow and look to better manage their spend, the use of purchase orders becomes standard operating procedure, especially in industries such as manufacturing, retail, and healthcare,” said Elle Kowal , chief product officer at MineralTree.
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