{"id":128647,"date":"2024-09-25T15:01:23","date_gmt":"2024-09-25T13:01:23","guid":{"rendered":"https:\/\/efecomunica.efe.com\/?p=128647"},"modified":"2024-09-25T15:58:53","modified_gmt":"2024-09-25T13:58:53","slug":"introducing-the-floqast-accounting-transformation-platform-bringing-ai-power-to-accounting-automation","status":"publish","type":"post","link":"https:\/\/efecomunica.efe.com\/en\/introducing-the-floqast-accounting-transformation-platform-bringing-ai-power-to-accounting-automation\/","title":{"rendered":"Introducing the FloQast Accounting Transformation Platform: Bringing AI Power to Accounting Automation"},"content":{"rendered":"<p>Statement issued by the company (Announcement)<\/p>\n<h3>Launch of all-new FloQast Journal Entry Management, AI Transaction Matching, Consolidation, FloHub, and major solution updates underpin platform launch<\/h3>\n<div>\n<p><strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rvUZSte0_uhkXl3-By3JrpJyK8bZGMt96Wd_hSLPGDC9XHKudYIPf85ExUSpYLZNPfU5zCX7SVVUlIyvDQQ6hg==\" target=\"_blank\" rel=\"noopener\"><u>FloQast<\/u><\/a> <\/strong>today announced the start of a new era of accounting operational excellence, driven by the debut of its all-new Accounting Transformation Platform, purpose-built by accountants, for accountants. Incorporating the entire <strong>FloQast\u2122 solution portfolio<\/strong>, including FloQast Close, FloQast Compliance Management, and FloQast Ops, the Accounting Transformation Platform unveils new AI workflows to deliver value throughout every step of the accounting journey, including:<\/p>\n<ul>\n<li style=\"text-align: left;\"><a href=\"https:\/\/floqast.com\/products\/optimize-the-close\/\" target=\"_blank\" rel=\"noopener\"><u>Optimize the close<\/u><\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/floqast.com\/products\/automate-the-close\/\" target=\"_blank\" rel=\"noopener\"><u>Automate the close<\/u><\/a><\/li>\n<li style=\"text-align: left;\"><a href=\"https:\/\/floqast.com\/products\/connected-compliance\/\" target=\"_blank\" rel=\"noopener\"><u>Connected compliance<\/u><\/a><\/li>\n<li style=\"margin-bottom: 8pt; text-align: left;\"><a href=\"https:\/\/floqast.com\/products\/integrated-record-to-report\/\" target=\"_blank\" rel=\"noopener\"><u>Integrated record-to-report<\/u><\/a><\/li>\n<\/ul>\n<p>FloQast also introduced several all-new solutions that align with each of these four steps, elevating accountants from simply being workflow stewards to critical drivers of organizational strategy \u2013 and empowering organizations to achieve transformation without disruption. The Accounting Transformation Platform and these solutions were unveiled at <strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MTM0L2sUm_CF0klOH9hzdFdRTatvfeFlfHTZ9WM0yCTX2EE8CS1WUBBmFZv1RrrUM4yUnp0j5QTv8OO9yaKzG9CludSUjV3HrKOOfWjOmR4=\" target=\"_blank\" rel=\"noopener\"><u>TakeControl<\/u><\/a>,<\/strong> FloQast\u2019s annual user conference, taking place from September 25-26, 2024.<\/p>\n<p>FloQast developed the Accounting Transformation Platform over more than a decade of innovation, supercharged by the latest advancements in artificial intelligence. Built from <strong>direct customer feedback<\/strong> and deep industry expertise, the platform not only addresses evolving market demands, shifting regulatory landscapes, and the growing pressure on accounting leaders to deliver more with fewer resources in the face of a worsening talent shortage but also positions AI as a transformative force. By integrating AI, the platform gives organizations and accounting teams a powerful competitive advantage, driving new efficiencies and actionable insights for better decision-making.<\/p>\n<p>&#8220;We\u2019re launching the FloQast <strong>Accounting Transformation Platform<\/strong> at a time when the accounting profession faces unprecedented challenges,&#8221; said Mike Whitmire, CEO and co-founder of FloQast, CPA. &#8220;With the number of practicing CPAs declining and fewer new professionals entering the field, the pressure on accounting leaders to do more with less has never been greater. This platform is designed to meet that reality head-on, using the power of AI to create solutions that not only streamline and automate critical processes but also enhance the strategic value of accounting teams within their organizations. In today\u2019s landscape, the ability to drive operational excellence isn\u2019t just a competitive advantage\u2014it\u2019s essential for future business success.&#8221;<\/p>\n<p>Today&#8217;s launch features three new solutions, FloQast <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tmk1nMsKK8T0V21yEjfMGBfdsQKhcrcv3_F6ZxbUEku6xb-WLmnbvk2eXEMl9R-DGubQf4hbJR8tAZcBzOI9qRvNTyDF0Lgmp-8GWF0jo4e4IaonG5VV0V65tCyx7t4kRsWkU_Jur_YhiOc8CS6pNClV2QXfbA2HMTusb_ENCM_-bnESFF-Fw-BJXArl_3rf_69B7ifGD2lIluDwmYpoYqscr0KLzWV0Ukwjz57WjZ0=\" target=\"_blank\" rel=\"noopener\"><u>Journal Entry Management<\/u><\/a>, FloQast <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9HzGJdnBpQdWsCYAkZkBaH3zOYqCVQwOErLui3RAINCXEjocgjQFtuHKmuv3vcURxjkIWGttRgpEe1KFVeR6wkyshg5FNh_PHNBP4MaQo6C1wryydQCBBSP1Lqsvfnu-jZkflnLECZMasKxPJ7f75a_KX7RoPy9gqYEjTsA7Ina39P7L8BSbHwBRZmp8daTsIGI82R3JwmQvfKPGcsn9HA==\" target=\"_blank\" rel=\"noopener\"><u>AI Transaction Matching<\/u><\/a>, and FloQast <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EK4qfS7rDZhepIQmwhlq-6acFWzkcnSLJoLjutUmtqMOfHC0iXsIAywjyuICDHeoKIxxs_BE1wokuhfsw_ybkm-pEhd4Ju7_P4frOj58VmkaCYQS0fG4ZofcGtj1fElyHC07hYNnPBnFEz8Ax6j-5ODANCZF7SJb-O0KqxdFttY=\" target=\"_blank\" rel=\"noopener\"><u>Consolidation<\/u><\/a> \u2013 as well as the introduction of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QOAWBKMCItSByspEcfHUT_pzRu35jbcelizSnifOJy3X6J2kTOFr1TeQf9_QepD9mAqlHo3fREuTeel06JYBnA==\" target=\"_blank\" rel=\"noopener\"><u>FloHub<\/u><\/a>, an all-new, centralized hub for third-party applications. The announcements also include several key updates to existing offerings, creating a more comprehensive platform experience.<\/p>\n<p>For more information on the FloQast Accounting Transformation Platform, read the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3UW-vLKOARYje0b9doS-EPj9SjqHZkyR2utkdVpSapLX3HD8qz4GDLeV00Tl589E4xhvFj-d6YdGV00VTZkBoPW13lw_TTNbaDTGTYi2QxWM1_Rs9TVgqZ8zIkoKmFe4InAXetIodccawluI-xZ4BreSQa_pmhOVIL4qhJ7O3gY=\" target=\"_blank\" rel=\"noopener\"><u>blog post<\/u><\/a>.<\/p>\n<h2>About FloQast<\/h2>\n<p>FloQast, an <strong>Accounting Transformation Platform<\/strong> created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams \u2013 including Twilio, Los Angeles Lakers, Zoom, and Snowflake \u2013 FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rvUZSte0_uhkXl3-By3JrkQ84ov6IDcWm7Ke-3FKJNjuxPsAC7QRdSTRqMGNiOJ0Y6KTiLUkvPhhQq0E2zP73A==\" target=\"_blank\" rel=\"noopener\">FloQast.com<\/a>.<\/p>\n<pre><strong>Contact:<\/strong>\r\nKyle Cabodi\r\nFloQast Director of Corporate Communications\r\n<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IJynQFJ5gKMw4jnIIQT8UTtb6fyDWyhFP0tvyAedu6SyERE_p2qGo3F5PgGB9uuPljkxBcPpCswQgIFuj_1h_E0TfbZew0PBz8oC9xU4Yv4=\" target=\"_blank\" rel=\"noopener\"><u>kyle.cabodi@floqast.com<\/u><\/a><\/pre>\n<p><img \/><em>AGENCIA EFE S.A.U. shall not be liable for any information contained in this message and assumes no responsibility towards third parties in relation to its contents, being expressly exempt from any liability that the author may have in relation to the information in question.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Statement issued by the company (Announcement) Launch of all-new FloQast Journal Entry Management, AI Transaction Matching, Consolidation, FloHub, and major solution updates underpin platform launch FloQast today announced the start [&hellip;]<\/p>\n","protected":false},"author":198164071,"featured_media":48434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[125518],"tags":[],"class_list":["post-128647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Introducing the FloQast Accounting 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