{"id":39458,"date":"2022-02-03T14:29:57","date_gmt":"2022-02-03T14:29:57","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=86409"},"modified":"2022-02-03T14:29:57","modified_gmt":"2022-02-03T14:29:57","slug":"floqast-celebrates-2021-as-landmark-year-for-company-growth","status":"publish","type":"post","link":"https:\/\/timessouthafrica.com\/floqast-celebrates-2021-as-landmark-year-for-company-growth\/","title":{"rendered":"FloQast Celebrates 2021 as Landmark Year for Company Growth"},"content":{"rendered":"<div>\n<h4 align=\"center\">Fueled by a Successful Series D Funding Round and Hiring Campaign, FloQast Continues Building Momentum Throughout Q4 with Massive YoY Growth Rate<\/h4>\n<p align=\"left\">LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DEHXZSXHwoQVIGW43gAtxzs0YT_Bw5tRcr_i9_0Xa2Jaz_HFiUgea3qRn7GkkeOZ5s8yXGAcvCbw3xdYNRF6P1Q%3D%3D&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw1MHw5srjsn31_C92Cl0kOn\"  rel=\"nofollow noreferrer\"><u>FloQast<\/u><\/a>, a provider of accounting workflow automation software created by accountants for accountants, today announced its Q4 and 2021 metrics, concluding a milestone year highlighted by international expansion, new product and company initiatives, industry accolades, and the biggest growth the company has seen since its launch. The company reported 97% year-over-year growth in annual recurring revenue (ARR) for the quarter, as well as 153% year-over-year growth in net new ARR for 2021. Further, with more than 1,500 customers globally, FloQast added 171 new customers in Q4. These milestones stem from the recent $110 million Series D funding, led by Meritech Capital, and further the company\u2019s leadership role in workflow automation technology.<\/p>\n<p>\u201cThis past year, FloQast experienced exceptional growth across the board \u2013 including funding, product and platform launches, customer acquisition and more \u2013 making this one of the most important and successful years for the company since we were founded,\u201d says Mike Whitmire, inactive CPA, co-founder and CEO at FloQast. \u201cThis growth is a testament to the critical advances taking root across the accounting industry and highlights FloQast\u2019s ability to deliver next-generation technology to usher in a new era of modernization and change.\u201d<\/p>\n<p>Over the course of 2021, FloQast experienced milestones in several key areas:<\/p>\n<ul>\n<li>A successful $110 million <a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/press\/floqast-raises-110-million-in-funding-at-a-valuation-of-1-2-billion\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw1wwpqxN_WM6Tm1Fl1UODbv\"  rel=\"nofollow noreferrer\"><u>Series D funding round<\/u><\/a>, led by Meritech Capital, and a valuation of $1.2 billion, making the company a \u201cunicorn workflow solution provider.\u201d<\/li>\n<li>The receipt of 36 <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.g2.com\/products\/floqast\/reviews&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw3yDMyhRKSYVAguYtu7nym_\"  rel=\"nofollow noreferrer\"><u>G2<\/u><\/a> badges in 2021, including:\n<ul>\n<li>#1 Leader in the G2 Momentum Grid, Fall 2021 and Winter 2022 Leader, Users Love Us, High Performer in Enterprise, Leader in Mid Market, and Winter 2022 Momentum Leader.<\/li>\n<\/ul>\n<\/li>\n<li>Notable Q4 customer acquisition includes prominent names such as Atmosphere TV, Demandbase, Valo Health, BioLegend Inc., Black Rock Coffee, Shenandoah Valley Organic, and more.<\/li>\n<li>The launch of several new initiatives, tools and programs, including:\n<ul>\n<li><a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/products\/floqast-ops\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw3crGqy52CCw5S8ocBCQLKx\"  rel=\"nofollow noreferrer\"><u>FloQast Ops<\/u><\/a>, a new workflow manager solution that addresses upstream and downstream financial functions to deliver greater control and transparency across accounting operations.<\/li>\n<li><a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/products\/floqast-remind\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw0NUqg0LzQ8U0UXhegosirJ\"  rel=\"nofollow noreferrer\"><u>FloQast ReMind<\/u><\/a>, a new request management workflow add-on that automates manual tasks and delivers new levels of visibility across the close process.<\/li>\n<li><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.floqast.studio\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw3uIAP43-g-FK94hK5UL6H6\"  rel=\"nofollow noreferrer\"><u>FloQast Studios<\/u><\/a>, a full-scale production arm of FloQast designed to create entertaining, engaging, and educational content by accountants for accountants.<\/li>\n<li><a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/press\/dfin-and-floqast-announce-partnership-to-transform-financial-reporting\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw0xgFyZULSGdx5Z4Pqv-RdH\"  rel=\"nofollow noreferrer\"><u>Partnership with Donnelley Financial Solutions<\/u><\/a> (NYSE: DFIN) to transform the financial close and reporting processes, especially for companies planning to go public.<\/li>\n<\/ul>\n<\/li>\n<li>Notable growth in EMEA including:\n<ul>\n<li>The opening of FloQast\u2019s London-based office.<\/li>\n<li>68 new customers \u2013 notable Q4 logos include Revolut, Babylon Health, Watches of Switzerland, and Ironsource.<\/li>\n<\/ul>\n<\/li>\n<li>The appointment of several new executives to drive FloQast\u2019s success in 2022 and beyond, including:\n<ul>\n<li>Chief Financial Officer, <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.linkedin.com\/in\/razzak\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw1L9x3yjoJ6by3sMd_6vYYM\"  rel=\"nofollow noreferrer\"><u>Razzak Jallow<\/u><\/a><\/li>\n<li>Vice President of Customer Success, <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.linkedin.com\/in\/jsmith74\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw2klS7twSvR2rfXsalsiM_M\"  rel=\"nofollow noreferrer\"><u>Justin Smith<\/u><\/a><\/li>\n<li>Chief Marketing Officer, <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.linkedin.com\/in\/cedwardbrice\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw1Bd4hRD8L5RzEdSu2daBP8\"  rel=\"nofollow noreferrer\"><u>C. Edward Brice<br \/>\n<\/u><\/a><\/li>\n<\/ul>\n<\/li>\n<li>The hosting of <a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/takecontrol\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw3UMXxs0R29Pe8lixu7obB0\"  rel=\"nofollow noreferrer\"><u>TakeControl 2021<\/u><\/a> in September, FloQast\u2019s third-annual user conference, drawing more than 2,000 industry professionals and recognizing world-class accounting professionals and FloQast customers excelling in their pursuit of operational excellence.<\/li>\n<li>The receipt of several high caliber awards and accolades, such as inclusion in <a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/press\/floqast-named-a-best-place-to-work-in-los-angeles-by-built-in-for-the-fourth-consecutive-year\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw1cgSlFTyz_h7Pe_nB7F2_y\"  rel=\"nofollow noreferrer\"><u>Built In\u2019s Best Place to Work<\/u><\/a> list for the fourth year in a row, being named one of the <a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/press\/do-it-for-the-culture-floqast-named-to-inc-magazines-annual-list-of-best-workplaces-for-2021\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw0XQQLl0PMb5Zpgoyc4dHLk\"  rel=\"nofollow noreferrer\"><u>Best Workplaces in the Country by Inc. Magazine<\/u><\/a>, and one of the <a href=\"https:\/\/www.google.com\/url?q=https:\/\/floqast.com\/press\/floqast-named-a-best-place-to-work-by-los-angeles-business-journal-for-the-fifth-straight-year\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw3ZJNh1o4iMo41ONmTHXPUX\"  rel=\"nofollow noreferrer\"><u>Best Places to Work by the Los Angeles Business Journal<\/u><\/a>.<\/li>\n<li>Reaching 1,000 users in the <a href=\"https:\/\/www.google.com\/url?q=https:\/\/community.floqast.com\/&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw2Phhe0IjWEmpZqbW5NJnxo\"  rel=\"nofollow noreferrer\"><u>FloVerse<\/u><\/a>, an online community platform for FloQast customers to network and collaborate.<\/li>\n<\/ul>\n<p>This growth and momentum is made possible by FloQast\u2019s community of employees who are committed to making accountants and financial leaders\u2019 lives easier and more productive. Despite the challenges faced over the past two years during the pandemic, the company continues to excel in its performance, a credit to the team&#8217;s commitment to customer service and excellence in pursuit of FloQast&#8217;s overarching vision.<\/p>\n<p><strong>About FloQast<\/strong><br \/>\n<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DEHXZSXHwoQVIGW43gAtxzhEStFa7YrE-izoiQt3HDOxPTkg0xsHq6YOxQXYMSMj1GzZB0EHivZDHE413RcJMzQ%3D%3D&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw0lnIYOnDl-l2nOoKZtz04X\"  rel=\"nofollow noreferrer\">FloQast<\/a> delivers workflow automation software enabling organizations to operationalize accounting excellence. Trusted by more than 1,500 accounting teams \u2013 including Twilio, coinbase, Los Angeles Lakers, Zoom, and snowflake \u2013 FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline processes such as automated reconciliations, documentation requests, and other workflows that impact the month-end close, financial reporting, and payroll, and is consistently rated #1 across all user review sites. Learn more at FloQast.com.<\/p>\n<p><strong>Contact:<\/strong><br \/>\nKyle Cabodi<br \/>\nFloQast Director of Corporate Communications<br \/>\n<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DKoO0s7g3igSHZ1oTmikpZDhUhwqs7exudOBkR-mE1fhPu-4rZulGmzfcDnkQQAoX6t8nFcxOgFMuDmEBMOyM06XkXVNQsjsgZ2FGc9LTZ1Y%3D&amp;source=gmail-html&amp;ust=1643984955732000&amp;usg=AOvVaw3rabugCAPcYHLm6NRrrcD5\"  rel=\"nofollow noreferrer\"><u>kyle.cabodi@floqast.com<\/u><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fueled by a Successful Series D Funding Round and Hiring Campaign, FloQast Continues Building Momentum Throughout Q4 with Massive YoY Growth Rate LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) \u2014 FloQast, a provider of accounting workflow automation software created by accountants for accountants, today announced its Q4 and 2021 metrics, concluding a milestone year highlighted [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[10,19,12],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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