In today’s world of finance, precision, efficiency, and accuracy are very essential. FloQast, a leader of the accounting industry, has revolutionized the closing process in finance. The month-end process can be very tiring and troublesome. This problem has been solved by FloQast which was founded in 2013 to become a game-changer in the financial tech world by providing solutions to manage and automate the process of accounting. Not just this, it is also a diamond sponsor of SuiteWorld 2024 by oracle, where it showcases its financial solutions to help businesses focus on their operations and delegate the month-end accounting process to FloQast for a hassle-free accounting.
Genesis of FloQast
What does FloQast offer?
At its core, FloQast offers a suite of tools that integrate seamlessly with existing accounting software like NetSuite, Sage Intacct, and QuickBooks, providing a comprehensive solution for managing the financial close process. Some key features include:
- Close Management: FloQast gives accounting teams a unified platform to work together, assign and review tasks in real time. This means everyone shares the same information; it keeps us from all going our separate ways at the last minute to avoid missing deadlines.
- Reconciliation Management: The system automates the process of reconciling accounts, reducing the chance of any errors or discrepancies occurring. It also makes it easy to keep track and re-examine account reconciliations–this ensures they are accurately completed on schedule, free from errors that might distort the books later.
- Workflow Automation: FloQast automates repetitive actions in accounting tasks. This means more accountants can be free to focus on higher-level work. As an example, one of the processes it automates is preparing balance sheet reconciliations and variance analysis.
- Real-Time Analytics and Reporting: The platform offers real-time analytics and reporting functionalities that provide accounts managers with valuable insights into this process for closing their books. This translates into better decision-making and helps to pinpoint areas needing improvement.
- Audit Readiness: FloQast ensures that all documentation and processes are prepared properly and ready for an audit. This makes it far easier to comply with regulatory requirements and substantially reduces the effort required by auditors.
The Impact on the Accounting Industry
Future of FloQast
Given that the fintech landscape constantly changes, and ever remains innovative, FloQast is well poised to stay at the forefront of innovation in the accounting industry. The company keeps pouring funds into research and development, making its system better and better and adding all-new features to meet its customers’ ever-changing needs. In FloQast’s current model, with its pursuit of quality and customer features, the combination is bound to feature in future financial closings for years to come.
SuiteWorld Sponsorship by FloQast
The leader in accounting automation itself, FloQast has always been at the forefront of financial technology. SuiteWorld is the largest annual gathering of NetSuite customers, partners, developers and SuiteCloud governance board. The sponsorship further highlights the investment FloQast has made in improving financial close operations and leading change for accounting.
FloQast Sponsors SuiteWorld to Advance the Accounting Profession. Their relationship with NetSuite testifies to the strength of FloQast’s integration capabilities and its importance in the larger fintech environment as well. Some Key Points of This Partnership
- Highlight Seamless Integration: By reviewing the FloQast integration with NetSuite, you will see how it ties in seamlessly to help make your month-end close process faster and more reliable. FloQast will have a chance at SuiteWorld to show how their solution can integrate emerging technologies in with NetSuite, showing conference-goers first-hand the value of integrating these two powerful solutions.
- Educational Opportunities: Sponsorship allows FloQast the opportunity to educate accounting professionals on the benefits of automated financial close management. FloQast is offering to lead sessions, workshops and demonstrations that can provide best practices, success stories and help in getting the most out of your financial operations using their software.
- Networking and Collaboration: At SuiteWorld, NetSuite users, partners the community converge. The event provides FloQast an opportunity to interact with existing and potential customers, take feedback and explore partnership possibilities. This type of exchange promotes a cooperative setting where creative solutions can be talked about and cultivated.
- Shaping Industry Innovation: Engaging with SuiteWorld ensures FloQast leads the way in shaping industry innovation. Beyond the prizes, their engagement is a powerful testament to how aligned they are with keeping ahead of the curve while strengthening their product offering for accountants as needs evolve.
FloQast is now a SuiteWorld diamond sponsor, and the company is on track to improve accounting process management. With this integration, partnered with NetSuite’s leadership in cloud ERP solutions, FloQast further cements its commitment to innovation and the success of their customers. FloQast will present new insights, the latest in modern financial technology and ways for attendees to get a faster, more meticulous and efficient financial close by streamlining period end accounting process. By partnering with SuiteWorld, FloQast is able to increase its visibility as a serious player in the financial technology space.
SuiteWorld 2024 Calendar
Disclaimer:
The logos used on this website are the property of their respective owners. These logos are provided for informational purposes and to represent the entities or organizations mentioned in the content. Their inclusion does not imply any affiliation or endorsement unless specifically stated.We make no claim of ownership to the logos nor do we assert any right over them. Any use of third-party logos is purely for illustrative purposes. If you are a representative of the entity whose logo appears and wish for it to be removed, please contact us directly and we will promptly comply with your request.
