Seamless Integration: Finance & Accounting Transformation with FloQast and SAP
Key Takeaways
⇨ FloQast's Finance and Accounting Operations Platform, purpose-built by professionals in the field, enhances operational excellence by integrating workflows, ERP systems, and FinTech tools, improving financial visibility, accuracy, and control.
⇨ The platform provides a Workflow Dashboard for real-time visibility and advanced workflow solutions to automate and optimize key finance processes, reducing manual tasks and errors, and improving compliance management.
⇨ FloQast’s out-of-the-box integrations with SAP and other tools streamline implementation, minimize audit risk, and support operational excellence, ensuring finance teams can modernize without disruption and achieve a better work-life balance.
Financial transformation is a leading mandate for CFOs who want to fuel growth and optimize their business operations. According to a recent survey, 90% of C-suite executives said their organizations are undergoing
accelerated digital transformations.1 CFOs are often leading the charge as operational leaders. Yet their own Finance and Accounting teams are still in the weeds of manual, repetitive work. So it’s no surprise that over 75% of finance professionals say they need more effective technology to maintain performance standards.
Why are Finance and Accounting departments in desperate need of modernization? Limited integration
across applications is a common pain point, with Finance and Accounting teams spending hours of time manually manipulating data between 25 or more applications. Second, they often lack workflow automation of core business processes that span the record to report (R2R) landscape, driving process inefficiency, increased risk, reduced transparency, and limited collaboration. Finally, many expect that an ERP investment focused on capturing, classifying, and managing transactional data processes will naturally solve their business process workflow challenges.
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