How Mitek Systems uses FloQast
As published on floqast.com. Captured by usedby on Oct 7, 2026.
What happened
Mitek's accounting team uses FloQast for close management, compliance and SOX control tracking, intercompany reconciliation, and AI-assisted variance analysis. It replaced fragmented Excel checklists across US and European teams with a centralized system that works alongside Excel.
Summary written by usedby from the source page, in English. The figures are those of FloQast and Mitek Systems, not ours.
- 10–12 days“quarterly close decreased from over 20 days to 10–12 days”
- two days“Variance analysis, which previously required a full week of work by 10 people, is now completed in just two days.”
- 300“The team went from a disordered process to managing 300 checklist items and over 650 quarterly reconciliations within a unified system.”
- 100%“our completion rate is at 100% every quarter”
Close Reduction: Month-end close dropped from over 15 business days to 8; quarterly close decreased from over 20 days to 10–12 days.
FloQast offered greater flexibility, ease of use, and a faster implementation at a better price point compared to BlackLine. For a company our size, it delivered the right balance of efficiency and value without the heavy investment in time or resources that other platforms require.
What the story claims, and what we checked
We compared the story with its live page on Oct 7, 2026.
- The passage quoted aboveCheckedCopied word for word from the page, near the name of Mitek Systems.
- Mitek Systems uses FloQastCheckedConfirmed line. Latest check across sources: Oct 7, 2026.
- The result itselfNot checkedWe quote it; we did not measure it.
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