Total Economic Impact of FloQast's Accounting Transformation Platform

This document is a Total Economic Impact study commissioned by FloQast and conducted by Forrester Consulting. It examines the potential return on investment (ROI) enterprises may achieve by implementing the FloQast Accounting Transformation Platform. The study outlines the challenges faced by finance leaders, including data latency and compliance risks due to fragmented financial processes. It details how the platform supports global accounting teams in managing financial close, compliance, and reporting through AI-based capabilities. The findings indicate that organizations using FloQast can automate workflows, reduce manual efforts, and improve compliance, resulting in significant cost savings and enhanced decision-making agility. The study quantifies benefits such as a $1.2 million savings in report preparation and $1.1 million in audit efficiency over three years. Additionally, it discusses unquantified benefits, including improved morale and reduced dependence on IT. The overall financial analysis shows a net present value of $2 million and an ROI of 275%.