FloQast
AI-powered accounting workflow platform that streamlines the financial close process.
Independent assessment across data handling, compliance, security and transparency.
Risk factors
3- Cloud-based tool with user-generated financial data
- Data shared with third-party services
- Limited enterprise controls for data privacy
Recommendations
3- Restrict close checklist access
- Review flux analysis thresholds
- Implement proper close process controls
Data handling
- Storage
- US servers
- Retention
- Account lifetime
- Training on inputs
- No
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