Halfords revs up compliance

Motoring and cycling goods retailer Halfords has chosen a new accountancy platform to help with compliance with Provision 29

Halfords will be using FloQast to further strengthen its internal controls environment in, enhancing collaboration, transparency, and efficiency across the business. With Provision 29 expanding the scope to cover not just financial but also operational compliance and reporting risks, the company selected FloQast as the ideal platform to bring everything together in one place.

By implementing FloQast, Halfords will enhance the way it manages material risks and controls across all areas of the business. Streamlined workflows will allow them to capture the signoff and evidence of controls operating, and dashboards will provide real-time visibility and simplified reporting.

The automation of the evidence collection reduces manual tasks for the Internal Controls team, giving them greater capacity to focus on high-value activities such as process improvement, strategic risk management, and providing insights back to the business.

Phillips, senior group controls manager at Halfords, said: “Our audit committee and board at Halfords are laser-focused on strengthening our controls environment, and we see a significant opportunity with FloQast to achieve that.”