FloQast Variance Analysis, a capability offered with FloQast Close, is designed for Finance and Accounting teams needing to manage business and budgetary performance through Flux and Budget variance analysis. It automates data collection and the sign-off process, integrating directly into FloQast's Close Management Software and your ERP. This allows accounting teams to work on flux and budget variance analysis even before the Close is complete. FloQast automatically pulls reports and notifies you when something is material, enabling real-time explanations as you complete reconciliations. It improves collaboration by tracking sign-offs and communication to deliver variance reports on time. The solution helps teams move from routine tasks to strategic analysis, providing CFOs with board-ready reporting that incorporates input from the entire team. With FloQast Variance Analysis, you can execute flux analysis during the Close by finalizing account balances with reconciliations, automatically create reports based on thresholds and assignments, and assess variances from past periods to understand the story behind the numbers. This detective control enhances confidence in your Close process.

Features:

• Increased Automation: FloQast automatically pulls your reports, notifying you when something is material. Leave explanations in real time as you are completing your reconciliations.
• Improved Collaboration: Work with your team — track sign-offs and communication to deliver your variance reports on time.
• Strategic Alignment: Get your team out of the weeds and into analysis. Present your CFO board-ready reporting with input from the whole team.