Accounting
Workiva and FloQast Partner to Streamline Financial Close and Reporting Processes
The Workiva and FloQast data integration will be available in the fourth quarter of 2019. Customers can learn more about the partnership at the Workvia Amplify annual user conference, September 9-12, at the Gaylord Texan Resort and Conference Center ...
Sep. 17, 2019
Workiva, a provider of a reporting and compliance platform, and FloQast, a provider of close management software, have partnered to help high-growth private and public companies streamline and automate their financial close and reporting processes.
Workiva and FloQast plan to jointly offer a beginning-to-end connected reporting and compliance solution to private companies as well as to companies before and after they issue an Initial Public Offering of stock. The integration will enable users to seamlessly connect month-end close data from FloQast with all other business data in the Workiva platform, saving time and reducing risk by improving accuracy and transparency in their financial reports.
“Financial and performance reporting relies on the timely and accurate delivery of the month-end close data,” said Ken Sims, Senior Vice President of Business and Corporate Development at FloQast. “Our integration with Workiva appeals to many of our high-growth private and public customers, which more and more are turning to close management, along with financial and performance reporting solutions, to add process efficiencies to keep pace with the demands of their growing organizations.”
“FloQast and Workiva are both critical tools in our financial close and reporting process, and we currently use each on a stand-alone basis,” said Derek Mernagh, Corporate Controller at Yelp. “Right now there is some process overlap between the two solutions, so we welcome this natural integration that will help us create even more efficiencies in our reporting cycle.”
The Workiva and FloQast partnership also includes a bilateral referral agreement.
“Many of our high-growth private and public customers use FloQast to streamline their month-end financial close processes before they use the Workiva platform for reporting and compliance,” said Michael Hawkins, Senior Vice President of Sales at Workiva. “With this new partnership, our joint customers will be able to benefit from better transparency across applications and a higher level of trust and confidence in the data they report.”
The Workiva and FloQast data integration will be available in the fourth quarter of 2019. Customers can learn more about the partnership at the Workvia Amplify annual user conference, September 9-12, at the Gaylord Texan Resort and Conference Center in Dallas.