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How Capital Area Food Bank uses FloQast

10 to 4-5 days

“Reduced bank reconciliations from 10 to 4-5 days”

As published on floqast.com. Captured by usedby on Oct 7, 2026.

What happened

The nonprofit uses FloQast AI Transaction Matching to automate bank reconciliations that were previously done manually, and uses FloQast alongside NetSuite to manage its month-end close.

Summary written by usedby from the source page, in English. The figures are those of FloQast and Capital Area Food Bank, not ours.

  • ~95%“achieved an impressive ~95% transaction match rate during their test month”

We’ve cut the bank reconciliation process down significantly, going from 10 business days to just four or five.

From the page. floqast.com, captured Oct 7, 2026

We’ve cut the bank reconciliation process down significantly, going from 10 business days to just four or five.

Karl Spanbauer, Controller, Capital Area Food Bank. Source, captured Oct 7, 2026

What the story claims, and what we checked

We compared the story with its live page on Oct 7, 2026.

  • The figure: 10 to 4-5 daysCheckedPrinted word for word on the page, near the name of Capital Area Food Bank.
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of Capital Area Food Bank.
  • Capital Area Food Bank uses FloQastCheckedConfirmed line. Latest check across sources: Oct 7, 2026.
  • The result itselfNot checkedWe quote it; we did not measure it.

Same company, same tool or same industry.

eight-day close“achieving a eight-day close without needing additional headcount”BazaarVoice uses FloQast. Another customer of FloQast2.5 working days“Their month-end close timeline was reduced from four to just 2.5 working days”Cubro uses FloQast. Another customer of FloQast6+ hour“Day-one bank reconciliations completed by noon, a 6+ hour time saving every month.”Doximity uses FloQast. Another customer of FloQast