Transforming Accounting: FloQast Debuts New Solutions at TakeControl User Conference
LOS ANGELES, Sept. 13, 2023 (GLOBE NEWSWIRE) -- FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced today several new additions to its cloud-native Accounting Operations Platform, which enables customers to streamline and manage the Financial Close, Finance and Accounting Operations, and Compliance Programs. These additions are designed to both improve the way accounting teams work and enhance their professional development:
"Today’s accountants face a variety of challenges requiring the need for intelligent, reliable resources, and the introduction of Variance Analysis, FloQademy CPE/CPD, and the latest updates to FloQast Compliance Management address a variety of needs inspired directly by feedback from our customers,” said Mike Whitmire, co-founder and CEO at FloQast, CPA. “Whether it’s further automating time-consuming tasks, centrally managing and integrating compliance into business processes, or helping accountants have a little fun with continuing professional education requirements, FloQast remains dedicated to empowering accountants to work better together and grow their strategic role within the organization.”
The solutions were announced at TakeControl, FloQast’s annual user conference, taking place from September 13-14, 2023. Today’s announcements come as FloQast also unveiled and detailed its vision for the future of generative AI and accounting during the conference. By using generative AI, routine accounting tasks such as data entry, account reconciliations, and financial statement preparation can be further automated.
FloQast Variance Analysis
FloQast Variance Analysis simplifies Flux and Budget Variance Analysis during the Financial Close, saving Accountants time, improving reporting accuracy, centralizing data, and better visibility and accountability to better manage the variance analysis process. Teams can focus on driving data-driven explanations of business activities and enhancing organizational agility. Key features include:
FloQademy CPE/CPD is changing the stigma that continuing professional development content has to be dry and boring. Available now to the general public free of charge, FloQademy reimagines CPE/CPD with original content created by accountants that is engaging, entertaining, and fun. Self-study courses include content produced by FloQast Studios, the first-ever entertainment studio designed for the accounting community. These courses are designed by former accountants, feature speakers active in the accounting industry, and are approved by the National Association of State Boards of Accountancy (NASBA) and the CPD Standards Office.
FloQademy has an unmatched range of technical and non-technical courses, including accounting best practices, finance technology innovations, personal development, and business news and current events. It is designed to meet accountants where they work with 24/7 virtual access to a library of self-paced courses. The course series of entertaining thought leadership includes:
Strengthening FloQast Compliance Management
Organizations have quickly embraced the value of FloQast Compliance Management, launched earlier this year. Now, with more than 90 customers, the solution offers several new improvements inspired directly by customer feedback to put even more power into the hands of finance, accounting, and audit teams. Designed to reduce financial compliance complexity by streamlining financial controls together with the Close for always-on audit-ready compliance, FloQast Compliance Management now features:
"When I found out FloQast was working on a module that could help us with our controls and SOX compliance — within FloQast — I was thrilled,” said Brandon Peters, Director of SOX Compliance & Head of Internal Audit, a.k.a. “Now, we’re able to centralize that work within the tool for one source of truth and more accountability."
For more information on FloQast Variance Analysis:
For more information on FloQademy:
For more information on FloQast Compliance Management:
TakeControl is a free event, and registration is now open. For more information on TakeControl, including a full detailed schedule of the two-day event, please visit floqast.com/takecontrol.
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