text: FloQast Continues Rapid Growth Through Addition
  of New Customers, Expansion of Team and 300+ Percent Increase in Revenue
  
  Company Adding New Customers at Rate of One Per Day
  
  December 05, 2016 02:50 PM Eastern Standard Time
  
  SHERMAN OAKS, Calif.--(BUSINESS WIRE)--FloQast,
  Inc., a provider of accounting close management software designed by
  and built for accountants, announced today that it added more than three
  dozen new customers in the 2016 third quarter. Additionally, as of
  September 30, 2016, the Company has grown its workforce by nearly 90
  percent and increased revenue by more than 300% year-over-year.
  
  FloQast is currently adding – on average – one new customer per day, as
  more and more companies recognize how the fast-to-implement,
  easy-to-use, cloud-based solution helps accounting departments
  streamline, manage and more efficiently close their books.
  
  During the third quarter, FloQast acquired, among others, the following
  clients:
  
  RedFin
  
  Los Angeles Lakers
  
  AdRoll
  
  Dixie Group
  
  SmugMug
  
  NuSil
  
  Spredfast
  
  Trevali
  
  Western Dental
  
  ZAGG
  
  With FloQast’s
  software, accounting professionals can work directly within the
  familiarity of Excel while reducing time to close by 40 percent,
  lowering their audit costs and more accurately and easily closing their
  books with no change to their business processes.
  
  “The addition of these new customers is evidence that more and more
  leading organizations across myriad industries and of varying size trust
  FloQast to meet their close management needs. Our increasing client
  acquisition rate demonstrates that growing companies look to FloQast to
  speed their accounting close processes and lower costs,” explained
  Michael Whitmire, FloQast co-founder and chief executive officer.
  
  “The month-end close process for many companies remains a manual,
  time-consuming process. Knowing there is an alternative that makes daily
  status meetings, long email chains and late nights in the office a thing
  of the past, while reducing close time and improving accuracy, is
  driving FloQast’s rapid growth. Our software is truly helping to
  transform accounting department operations and the way accountants
  work,” he concluded.
  
  “With FloQast implemented, everyone in accounting is now on the same
  page and knows when tasks need to be accomplished and when they are due
  in order to close the books,” said Matt Southard, Controller at
  TeleSign. “All our balance sheet accounts are now being reconciled
  monthly, allowing the team to know if there are any further adjustments
  necessary before we publish financials to our C-suite/Board of
  Directors.”
  
  FloQast, with monthly licensing rates starting at $79 per accountant,
  combines process management, reporting and collaboration into a single,
  intuitive solution that allows accounting departments to work together
  to quickly and accurately close their books. By directly integrating
  with both an organization’s document storage and financial applications,
  FloQast lets accountants work in Excel while keeping sensitive financial
  data secure in their own systems. This novel approach enables security,
  control and flexibility.
  
  About FloQast
  
  FloQast
  is a leading developer of accounting close management software, built by
  and for accountants. With FloQast, accounting departments can lower
  their audit costs and reduce close time by 40% without having to change
  any of their current business processes, including, among other
  practices, the use of Excel.
  
  Based in Los Angeles, the Company works with hundreds of organizations,
  helping them to close their books more quickly, efficiently and
  accurately, including, among many others, Twilio, Nutanix, Zillow and
  The Golden State Warriors. To learn more, visit www.floqast.com
  and join the conversation on Twitter @floqast.