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FloQast Supercharges Compliance Management Solution with New Features Supporting Diverse Compliance Frameworks

AGÊNCIA DE COMUNICAÇÃO Conteúdo de responsabilidade da empresa 9 de maio de 2024

FloQast

LOS ANGELES, May 09, 2024 (GLOBE NEWSWIRE) — FloQast, a Finance and Accounting Operations Platform provider created for accountants by accountants, today introduced new feature enhancements to its FloQastCompliance Management solution, empowering proactive risk assessment, more effective management of compliance programs, and smoother and more efficient internal audit processes. The feature enhancements bring even greater ROI to chief financial officers and accounting and finance teams through a lower total cost of ownership driven by consolidating solutions for accounting workflows and compliance programs.

Businesses of all sizes navigate a complex web of industry regulations amid rising enterprise risks and talent shortages. Compliance implementation is often costly and time-consuming, with many relying on inefficient manual or fragmented tech solutions. FloQast Compliance Management and these latest enhancements address these issues by centralizing compliance management from risk assessment and control design to execution, testing, remediation, and optimization.

“FloQast Compliance Management addresses a critical issue faced by finance and accounting teams: the challenge of efficiently managing compliance in a complex and ever-changing regulatory environment,” said Mike Whitmire, CPA, CEO and co-founder of FloQast. “Out-of-sync compliance processes and unclear responsibilities negatively impact team bandwidth and hinder effective control execution. FloQasts enhancement of FloQast Compliance Management provides CFOs and Controllers with more cost-effective programs and peace of mind during audits.”

Enhanced FloQast Compliance Management capabilities include:

“FloQast delivers strong business integrated controls to support SOX regulatory requirements and has expanded its Compliance Management solution to support broader Risk Management frameworks, expanding its support for global organizations,” said Michael Rasmussen, GRC 2020 Pundit and Analyst.

FloQast Compliance Management stands out in the tech landscape with distinct advantages, including the embedding of controls seamlessly into critical processes to create a seamless compliance program experience. The solutions intuitive interface facilitates easy recalibration and comprehension of inherent and residual risks and ensures comprehensive risk management, while its end-to-end compliance platform consolidates internal audit processes and compliance programs into a unified platform.

For more information about FloQast Compliance Management:

About FloQast
FloQast, a Finance and Accounting Operations Platform provider created by accountants for accountants, enables organizations to operationalize accounting excellence. Trusted by more than 2,700 accounting teams including Twilio, Los Angeles Lakers, Zoom, and Snowflake FloQast enhances the way accounting teams work, enabling customers to streamline and manage the Financial Close, Finance and Accounting Operations, and Compliance Programs. With FloQast, teams can utilize the latest advancements in AI technology to manage every aspect of the month-end Close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration throughout the financial function. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:

Kyle Cabodi

FloQast Director of Corporate Communications

kyle.cabodi@floqast.com



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