AI Rewrites the Rules of Accounting: FloQast Wins CODiE Award for Transformative Platform

Los Angeles, CA – November 15, 2025 – In a nod to the rapidly evolving landscape of finance, FloQast today announced it has been awarded the 2025 CODiE Award for Best Fintech Solution. The recognition, bestowed by the Software & Information Industry Association (SIIA), validates the company’s ambitious bet on artificial intelligence to revolutionize accounting workflows and address a growing industry challenge: a critical talent shortage.

The award, announced earlier this week, celebrates FloQast Transform, a platform that leverages AI ‘agents’ to automate complex accounting tasks – from reconciliation and compliance to month-end close processes – without requiring extensive coding expertise. But beyond a simple efficiency boost, industry observers suggest FloQast’s success points to a fundamental shift in the role of the accountant.

“For years, accounting has been seen as a largely manual, repetitive function,” explains one financial technology analyst. “This award signals that we’re entering an era where AI handles the ‘grunt work,’ freeing up accountants to focus on higher-value activities like analysis, forecasting, and strategic advisory services.”

Addressing the Talent Gap with Intelligent Automation

The timing of the award is particularly relevant. The accounting profession is grappling with a well-documented talent shortage, fueled by an aging workforce, increasing regulatory complexity, and a perceived lack of appeal among younger generations. According to recent reports from the American Institute of CPAs (AICPA), the demand for qualified accountants continues to outstrip supply, leading to increased workloads and heightened risk of errors.

FloQast Transform directly addresses this challenge by automating tedious, time-consuming tasks. The platform’s AI agents learn and adapt to specific accounting workflows, reducing the need for manual intervention and allowing existing teams to ‘do more with less.’

“We’re seeing a lot of organizations struggle to find and retain skilled accountants,” says Chris Sluty, Chief Product Officer and Co-Founder of FloQast. “FloQast Transform isn't about replacing accountants; it's about empowering them to focus on what they do best – analyzing data, providing insights, and making strategic decisions.”

Beyond Efficiency: Transforming the Accountant’s Role

While automation is a key benefit, the true potential of FloQast Transform lies in its ability to fundamentally change the accountant’s role. Traditionally, accountants have been seen as ‘number crunchers,’ focused on data entry and reporting. However, the rise of AI is creating an opportunity for them to become strategic advisors, providing valuable insights that drive business growth.

“AI can handle the routine tasks, freeing up accountants to become more proactive and strategic,” explains a senior finance executive at a large manufacturing company that recently implemented FloQast Transform. “We’re now able to provide more timely and accurate financial data to our executive team, which is helping us make better informed decisions.”

The platform’s ability to streamline processes and reduce errors also contributes to improved data quality, which is essential for effective financial analysis and forecasting.

The CODiE Award: A Stamp of Validation

The CODiE Awards are widely regarded as a benchmark for innovation in the software industry. The judging process is rigorous, involving a panel of industry experts who evaluate solutions based on criteria such as innovation, functionality, and market impact.

“Winning a CODiE Award is a significant accomplishment,” says an industry analyst specializing in financial technology. “It demonstrates that FloQast has developed a truly innovative solution that is making a real difference in the accounting profession.”

Looking Ahead: The Future of Accounting is Intelligent

FloQast's success is not an isolated incident. The financial technology landscape is witnessing a surge in AI-powered solutions that are transforming the way businesses manage their finances. From automated invoice processing to predictive analytics, AI is rapidly becoming an integral part of the accounting workflow.

“We’re still in the early stages of this transformation,” says a financial technology consultant. “But it’s clear that AI is going to play an increasingly important role in the future of accounting.”

As the accounting profession continues to evolve, companies like FloQast are leading the way, demonstrating the power of AI to automate tasks, improve efficiency, and empower accountants to become strategic advisors. The CODiE Award serves as a powerful validation of this vision and a glimpse into the future of accounting – a future that is intelligent, automated, and focused on driving business value.

“The talent gap isn’t going away,” says an anonymous source within FloQast. “But with the right tools, we can help organizations overcome this challenge and unlock the full potential of their finance teams.”

FloQast’s win isn’t just about a single platform; it’s a signal that the accounting profession is embracing a new era of intelligent automation – an era where AI is not a threat, but an opportunity to redefine the role of the accountant and drive business success.