Case Study: Drata streamlines reconciliations and boosts audit confidence with FloQast AI Matching

Streamlining Reconciliations and Building Audit Confidence with FloQast AI Matching at Drata

Drata, a growth-stage software company, faced significant inefficiencies in its reconciliation processes, using disparate tools and manual Excel work that consumed hours and lacked accuracy. To address these challenges, Drata implemented FloQast, specifically its AI Matching service, to automate reconciliations and improve audit readiness for its accounting team.

By using FloQast AI Matching, the company automated its accounts receivable reconciliations, reducing the process from five hours to mere minutes and achieving annual savings of approximately 60 hours. The solution from FloQast also provided greater accuracy, streamlined the review process, and significantly improved the team's confidence in their audit-ready financials.

Drata

Martha Porcelli

Director of Accounting