More than half of all accountants report that they are still using manual methods to support their account reconciliation processes, leading to increased errors, delayed Financial Close, and a growing workload burden that adds even more stress to an already busy accounting team.
As accountants ourselves, we know that not all reconciliations are created equal. That’s why we put together a webinar to share best practices for managing the end-to-end reconciliation process, from strategy and execution to audit readiness. Our customers who used FloQast Reconciliation Management combined with FloQast Close experienced a 31% reduction in the time to perform reconciliations.
During this webinar, we review best practices to support:
Standardizing the reconciliation strategy and process to manage risk
Choosing the most effective reconciliation method
Tracking reconciliations that don’t tie out
Collaborating and managing reconciliations to a faster close
Gaining greater audit readiness with capture at-the-source controls and documentation
We also cover the FloQast Reconciliation Management Solution, including our new Reconciling Items feature, which allows accountants to track timing or unknown errors and ensure that all reconciling items are recorded, tracked, and managed in one place.