A Great Close Management Tool

We use Floqast to manage our month-end close process across all consolidated entities, including managing and tracking progress against the close checklist and completing all account reconciliations. Prior to Floqast, we lacked visibility into the status of key processes, but now we can track against deadlines and dependencies across multiple locations and teams.

We use reconciliation management to handle all account reconciliations across all global entities and it allows us to monitor deadlines and ensure any changes are identified and re-reconciled to ensure SOX compliance.

We are able to provide both internal and external auditors with access to Floqast which reduces the number of requests we have to actively manage during audits. Floqast also actively monitors changes to GL or account reconciliations to provide confidence that any changes resulting in unreconciled balances are identified and resolved.