You turn to Accordion.
We meet with your team to understand your close process goals and review your trial balances, and then we begin our FloQast implementation and project management. We:
- Create close checklists and optimize balance sheet reconciliations
- Help your team project manage and implement the FloQast best practice checklist to enable four different business units to start using a detailed month-end close checklist at go-live.
- Host discovery calls with key stakeholders to explore potential future use cases for FloQast modules such as Auto Matching, Auto Amortizing, ReMind, and Flux Analysis.
- Work closely with you to keep the implementation timeline on track by providing key milestone deadlines and assisting the client in meeting those deadlines.
- Conduct training at different levels to ensure team is comfortable using FloQast and can utilize the tool to its full potential.
Your value is enhanced.
Within only one month of utilizing FloQast’s robust close workflow and automation tools, you reduce your close by 5 days and now have increased visibility into the monthly close via dynamic dashboards. You’re also able to better address bottlenecks or issues in real time, or before they arise.
Utilizing FloQast’s Auto Matching Module, you have also now automated 70% of bank reconciliations across all business units, cutting the time by more than half on time spent reconciling bank accounts. The Auto Amortization Module is set up so you no longer have to manually track prepaids in excel – cutting back on human error and additional monthly work. The Flux Module was used to set up variance analysis designed for MoM, QoQ, and YoY at each business unit level and consolidated level to provide you with real-time variance analysis that can be addressed as needed.
As your business continues to scale, FloQast enables additional benefits, including: process standardization across all business units, risk reduction and stronger controls – including segregation of duties, and improved audit support.