For successful businesses, the Accounting department is the operational backbone, delivering insights to help leaders understand where the company stands, what — if any — changes need to be made, and what the past can tell them about the future. To get to that point, however, Controllers need to walk a tightrope between ensuring sound tactics and building a strategic […]

The talent crisis and constant pressure to do more with less have accounting departments in flux, and an uncertain economic environment is exacerbating these pain points. In the fourth installation of Controller’s Guidebook, FloQast, in partnership with the University of Georgia, invited a diverse group of accountants to dream about how the profession might be different if they were in […]

It’s safe to say that most Controllers see the end of the month as a stressful time. The accounting monthly close can be hectic, high pressure, and often feel chaotic no matter how much effort–or how many hours–you put in. Closing can be complex, but it doesn’t have to be difficult. You can make your month-end smoother and less stressful […]

Burnout in the accounting profession has been measured with academic approaches never-before-applied in the industry. FloQast, in partnership with the University of Georgia, analyzed survey data from a diverse group of accounting professionals to understand what’s causing burnout, how it impacts both business outcomes and personal lives, and what steps can be taken to create a roadmap for the future.

We asked ChatGPT, “Can you tell me 5 things to watch out for when accounting for intercompany transactions?” and followed up with “What steps should I take to ensure my company is ASC 842 compliant?” Its answers are instructive for companies considering adopting AI and machine learning techs — and for those that are not. Download our guide to see […]

We’ve all heard the truism that “what gets measured gets managed.” With data more accessible and easier to track than ever, you have the opportunity to both measure and actively manage all aspects of the business. So why are leaders still lamenting a lack of data insights? Address that by democratizing data and metrics, including using an objectives and key […]

There are plenty of ways well-intentioned goals can go sideways:• Activity as a proxy for results.• Operational impracticality.• Lack of real-world testing. OKRs and SMART goals help by getting everyone pulling together. Now, KPIs expert Bernie Smith has designed the Results-Orientated KPI Effective Target Design System — ROKET- DS. When used with your OKR or SMART goals, it can supercharge […]

Arkansas Children’s Hospital opened a new freestanding children’s hospital in February 2018. The state-of-the-art pediatric care facility in Springdale, Arkansas, provides care for over 200,000 children in the region. The new building, Arkansas Children’s Northwest (ACNW), has 233,000 square feet of inpatient beds, emergency care, diagnostic and surgical services, and clinical space. The campus includes nature trails and gardens for […]