# How Mitek Systems uses FloQast

As published on [floqast.com](https://www.floqast.com/stories/mitek-systems-restores-financial-integrity-and-accelerates-close-with-floqast). Captured by usedby on 2026-10-07.

- Company: [Mitek Systems](https://www.usedby.ai/companies/mitek-systems.md)
- Tool: [FloQast](https://www.usedby.ai/tools/floqast.md)
- Teams: Accounting

## What the story says

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.

> Close Reduction: Month-end close dropped from over 15 business days to 8; quarterly close decreased from over 20 days to 10–12 days.

- **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”

> 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.
>
> Brandon DeSalvo, US Controller

## What usedby checked

We compared the story with its live page on 2026-10-07.

- Checked: the passage quoted above is copied word for word from the page, near the name of Mitek Systems.
- Checked: Mitek Systems uses FloQast. Confirmed line. Latest check across sources: 2026-10-07.
- Not checked: the result itself. We quote it; we did not measure it.

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Source: https://www.usedby.ai/case-studies/mitek-systems-floqast · How we check: https://www.usedby.ai/methodology