Accounting software provider FloQast on Wednesday introduced its new Accounting Transformation Platform, which incorporates the Los Angeles-based company’s entire solutions suite, including FloQast Close, FloQast Compliance Management, and FloQast Ops.
FloQast also unveiled new AI workflows to “deliver value throughout every step of the accounting journey,” the company said in a media release, including:
In addition, FloQast 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—and empowering organizations to achieve transformation without disruption,” the company said.
The Accounting Transformation Platform and the solutions were unveiled at TakeControl, FloQast’s annual user conference, taking place Sept. 25 and 26.
Built from direct customer feedback and deep industry expertise, the Accounting Transformation Platform not only addresses evolving market demands, shifting regulatory landscapes, and the growing pressure on accounting leaders to deliver more with fewer resources due to the profession’s talent shortage, but it also positions AI as a transformative force, FloQast said.
By integrating AI, the platform gives organizations and accounting teams a competitive advantage, driving new efficiencies and actionable insights for better decision-making, according to FloQast CEO and co-founder Mike Whitmire.
“We’re launching the FloQast Accounting Transformation Platform at a time when the accounting profession faces unprecedented challenges,” Whitmire said in a statement. “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’s landscape, the ability to drive operational excellence isn’t just a competitive advantage—it’s essential for future business success.”
Today’s launch features three new solutions—FloQast Journal Entry Management, FloQast AI Transaction Matching, and FloQast Consolidation—as well as the introduction of FloHub, a new centralized hub for third-party applications.
The announcements also include several key updates to existing offerings, creating a more comprehensive platform experience, FloQast said.
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Tags: Accounting, Software, Technology
