FloQast is close management software, created by accountants for accountants to close faster and more accurately. On average, accounting teams who rely on FloQast close three days faster. Seamlessly integrated with ERPs and leveraging your existing checklists and Excel, FloQast provides a single place to manage the month-end close and gives everyone visibility. The cloud-based software is trusted by hundreds of accounting departments, including those at Yelp, Indeed, Shopify, Twilio, Zillow, the Golden State Warriors and more.
Planful and FloQast
Best-of-breed solutions built to accelerate your financial close, planning, and reporting processes.
Together FloQast and Planful deliver a cloud-based financial platform that enables accountants to eliminate labor-intensive manual tasks, automate and accelerate the financial close and reporting, reduce compliance costs, and gain control and visibility into financial results. This gives finance and accounting teams more confidence in the quality and accuracy of financial deliverables, and the speed and agility to make better decisions, faster.
Organize and Streamline the Account Reconciliation
Automate the manual and labor-intensive steps from the account reconciliation process. Empower your team to stay aligned and focused on key objectives and deliverables, and enable them to close the books faster, and with greater accuracy and confidence. Preventive and detective controls around the reconciliation review process will ensure your financials are always accurate and audit-ready.
Accelerate Consolidation of Financial Results
Consolidate financial results from multiple divisions and locations quickly and accurately with Planful. Manage complex consolidations, currency translations, intercompany eliminations, and journal adjustments. Consolidate financial results into a single source of financial truth for fast, consistent, and trusted global reporting and analysis.
Eliminate Time-Intensive Manual Effort
Financial Close and Consolidation
FloQast is a recognized market leader that automates key phases of the close process, specifically task management and account reconciliations, while providing global dashboard visibility. Planful is a recognized market leader that automates financial consolidation, planning, reporting, and analysis.
Accelerate planning cycles and drive business agility with pre-built planning functionality in Planful. Instantly incorporate consolidated actuals into financial reports, budgets, plans, and forecast. Plan bottom-up or top-down. Create rolling forecasts. Perform driver-based, what-if scenario analysis to analyze all potential outcomes and react to changing business conditions faster.
Task Management and Workflow
Gains accrued quickly. For example, Kolanda says the more complex 2017 budgeting process took just six weeks to complete. With Excel, the Medrobotics finance team would set aside four months to get a budget built, reviewed, and approved. The time saved alone adds up to tens of thousands worth of reclaimed productivity. Other benefits include:
• Connect the dots between investment and revenue. Kolanda says his team now tracks R&D projects as distinct entities so that it’s easier to assign spend to works in development. Over time, he wants to connect the dots and discover the type of spend it takes to create a new, winning product from the ground up. Phase 2 will expand to include Modeling, Spotlight, Dell’s Boomi interface with Planful and QAD’s Data Exporter.
• Better board books. Before Planful, Kolanda and his team would copy and paste data into a PowerPoint deck and mail it out monthly. Now the Medrobotics finance team plans to digitize the board book report and others like it using Planful Financial Publisher. “A lot of good is going to come from our new reporting capabilities,” he says. “From day one, we knew the decision to adopt Planful was going to transform the budget and financial reporting process at Medrobotics,” Kolanda says. “There was just that kind of feeling across the company.”
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FloQast Close Management Software
Closing the books is a manual, error-prone and time-consuming process. FloQast provides a single place to manage the close and give everyone visibility. Teams relying on FloQast on average close three days faster
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