Serrala and FloQast Enter Strategic Partnership
By combining finance automation solutions by Serrala and FloQast, the accounting teams can achieve shorter close times, improved audit readiness, and reduced fraud risk.
Hamburg, London, October 10, 2022 – Serrala, a global financial automation and B2B payments software company, is pleased to announce its recent partnership with the accounting workflow automation specialist FloQast.
For Serrala, the partnership is an important milestone in boosting its global partner network, hence offering a broader range of finance automation solutions to clients. Reinier Naafs, responsible for strategic partnership & alliances at Serrala, says: “The solution offering resulting from our partnership with FloQast will help Accounting teams considerably improve their closing time by streamlining their Accounts Receivables & Payables processes as well as overall Balance sheet reconciliation”.
FloQast acts as a command center for the close by centralizing all month-end tasks and supporting documentation. By automating most manual tasks in the reconciliation process, teams can close books 30 percent faster. It provides seamless integration with companies’ ERP and can leverage existing checklists as well as Microsoft® Excel®.
“Through the strategic partnership with Serrala, it's now possible to enhance our offering to clients globally with AR & AP Automation for SAP. For our customers this means an improved audit readiness, reduced fraud risk, and further acceleration of the close process,” says Lee Louis-Marie, the Alliances Manager EMEA at FloQast.
FloQast is the leader in accounting workflow automation created by accountants for accountants to work smarter, not harder. The cloud-based, AI-enhanced software is trusted by more than 1,500 accounting teams, including those at Twilio, Camunda, essensys, Zoom and SimilarWeb—and proud to be rated #1 across all user review sites. By automating common accounting workflows and helping to streamline and make them more efficient, FloQast is the place where accounting teams want to work so they can focus on what matters most, even when that’s just going home on time. Whether automating reconciliations, documentation requests or other workflows such as the month-end close, financial reporting or payroll, FloQast enhances the way accounting teams already work to help them work smarter. Learn more at www.floqast.com.
FloQast provides a single place to manage the month-end close while giving everyone visibility. Accounting teams who rely on FloQast are able to close three days faster. It allows for seamless integration with ERP’s and can leverage existing checklists as well as Excel.
Serrala is a global financial automation and B2B payments software company creating digital payment capabilities worldwide for enterprises of all sizes. We are a leading fintech helping our customers integrating finance and treasury processes.
Offering truly differentiated ERP and cloud-native solutions, Serrala enables the Digital Office of the CFO where all financial processes and payments are automated and optimized. Our customers save costs, minimize risks and gain real-time insights into their world of payments. We are the only provider offering a seamlessly integrated solution portfolio to manage all inbound and outbound payments, treasury processes as well as related data and documents in any IT landscape.
Today, Serrala is a fast-growing company with offices in North America, Europe, Asia and the Middle East and over 700 employees. Serrala drives innovation for more than 2,800 customers including more than 100 of the S&P500 companies.