TURBOCHARGE TEAM PRODUCTIVITY BEYOND THE CLOSE

FloQast started in 2013 with the mission of making the close and reconciliation processes easier. Today, more than 1,000 accounting teams rely on FloQast to help streamline their month-end. While our close management software has helped speed and better manage this critical process, users continue to find new and innovative applications to help improve other finance and accounting functions. If you think FloQast has helped you so far...buckle up! We have been hard at work on our next solution and are excited to announce the future of FloQast as accounting workflow automation.

Join Mike Whitmire, CEO and co-founder and Chris Sluty, CPO and co-founder of FloQast as they discuss the past, present and future of FloQast and unveil our latest FloQast offering. Join to see firsthand FloQast’s most innovative solution since our close management software first launched and witness the enhanced productivity and effectiveness this can bring to your finance and accounting team.

In this session, you will learn:

• How more and more organizations are using FloQast for accounting processes beyond the month-end close.
• How FloQast’s expanded capabilities are helping accounting teams eliminate hours of tedious, mundane tasks.
• About FloQast’s latest offering that will help teams automate other mundane accounting tasks freeing their time for more strategic work.

 

SURVIVAL ESSENTIALS: USING FLOQAST BEYOND THE CLOSE TO BETTER MANAGE THE FINANCE & ACCOUNTING WILDERNESS

Easy to use, quick to implement, and flexible. These are FloQast’s foundational pillars. However, these characteristics also provide for the close management software to be used not just for the month-end, but for a multitude of finance and accounting processes including Reporting, FP&A, Internal Controls, Payroll, Tax, and PBC Lists. In this session, we’ll share with you how to use FloQast to better manage these processes. Additionally, we’ll highlight real-world examples of how FloQast is being used outside of GL accounting to improve alignment and efficiency for the entire finance organization.

In this session, you will learn how to:

• Identify and understand processes outside of the month-end close that can be structured within FloQast.
• Present the benefits of FloQast to outside teams as a solution for disjointed processes.
• Use specific FloQast features to implement workflows for team members ‘beyond the close’ and create a department-wide collaboration platform.

MONTH-END MASTER INSIGHT: WIN BACK THE DAY WITH FLOQAST

We all know it’s inefficient, but most of us are creatures of habit. How many times does the FP&A team walk over to AP, AR, and other accounting teams each day with their questions? And those purposeless status update meetings where you lose valuable time during the close?--all these contribute to extending the work day too frequently into the night.

Learn how the Senior Accounting Systems and Processes Analyst at Forescout utilized FloQast to eliminate daily status meetings and regained valuable time to focus on value added tasks. In addition, you’ll gain insight into the unique methods implemented by Forescout to document detailed procedures, create unique identifier codes, and use the Perm file feature to increase total visibility within their accounting organization and empower teams outside of accounting to be self-sufficient.

In this session, you will learn how to:

• Incorporate teams outside of accounting, such as FP&A, onto the FloQast platform for increased collaboration and added visibility.
• Use custom tags to help key employees target relevant information in a sea of over a thousand checklist items.
• Document complex processes in FloQast to ensure smooth transition and adoption of new processes when new employees are hired.
• Incorporate the Perm file feature to store vital documents in a centralized location.
• Utilize unique identifier codes to improve workflow efficiency and organization.

Month-End Master Insight: What the Flux? We Wished We Knew About This Earlier

Ever completed a detailed flux analysis, only to realize at the last minute that adjustments were booked into the GL? We all know how this can throw off your balances, requiring tedious updates to your flux template, as you transfer updated balances and create new variance explanations.

Learn how Fundbox’s Accounting Manager utilized FloQast’s Flux Analysis module to seamlessly manage material variances and errors in real time. Also, learn how Fundbox strategically divided out responsibilities to each team member during the Flux cycle.

In this session, you will learn how to:

• Eliminate manual processes when transferring financial data from your accounting software to the flux template
• Identify material errors and variances in real time.
• Use index matching and defined thresholds to carefully track high risk accounts.
• Present information via FloQast Flux in front of accounting executives.
• Assign out responsibilities to specific employees during the flux cycle.

RECLAIM YOUR AUDIT ROOM WITH FLOQAST

An audit is something that cannot be avoided, but it doesn’t have to be a pain in the asset. In this session, former auditors, now FloQast employees, will walk you through how to use FloQast to better engage with your auditors and remove them from the audit room once and for all. We’ll explain how you can design a scalable process in a remote environment that might even lower your audit fees.

You will learn how to:

• Best position FloQast to external auditors as a means to enable remote work and to make their lives easier.
• Utilize FloQast auditor licenses for a more efficient and transparent audit engagement to reduce audit hours.
• Align common audit-related bottlenecks with efficiency gains that come with improved management of the PBC process.

BECOMING MORE STRATEGIC WITH FLOQAST FLUX

We know there are a lot of “What the Flux” moments in day-to-day accounting. Flux analysis all too often gets pushed to the back burner and the strategic insight it can offer is never realized. With FloQast Flux, we’re helping to alleviate this pain by making it easier to report your fluctuation analysis directly in FloQast. In this session, FloQast experts will walk you through how to build and edit your flux reports to show comparative balance sheet and income statement reports just the way you need them to--helping you become more strategic in your everyday operations.

You will learn how to:

• Customize comparative balance sheet and income statement reports to better understand fluctuations in account balances.
• Utilize Flux Review Notes to keep track of daily movements in accounts.
• Mitigate surprises by sudden material account changes.

BECOMING A CLOSE JEDI MASTER: 6 WAYS TO MAXIMIZE FLOQAST USAGE

If you’ve been using FloQast for a year or more, chances are you may be getting stuck in the SALY (Same As Last Year) mindset. Put an end to SALY and start taking advantage of advanced functionality that will make you and your team more productive and efficient.

• Leverage grouped account reconciliations to eliminate duplicate efforts and speed your close.
• Optimize controls that best fit your industry and accounting life cycle.
• Accelerate timely notifications through email or messenger to facilitate a faster review cycle.