Based on 5 verified reviews published in the last 18 months
TrustRadius Community Insights are summaries of user sentiment data from TrustRadius reviews and, when relevant, HG Insights data.
Overview
Synthesised from 5 reviews | Last Published May 27, 2026
FloQast is a financial close management solution primarily used by accounting teams to streamline month-end close processes and manage reconciliations. In TrustRadius reviews, users leverage its structured checklists and real-time visibility to ensure no steps are missed, often integrating it with existing tools like Microsoft Excel and ERP systems. A dominant strength cited is its ability to significantly reduce the time required for the close, with some users reporting reductions of "a couple weeks at least."
Reviewers also appreciate its audit readiness tools, which improve documentation organization and allow direct auditor access, fostering better team collaboration. However, some users encountered challenges with integrating subledger data for automated reconciliations and noted limitations in task setup flexibility, particularly for mass edits of recurring checklists. Despite these areas for improvement, the platform consistently delivers positive ROI through enhanced efficiency and visibility.
Pros
Streamlines month-end close processes and tracking
Provides real-time visibility into close progress and task assignments
Facilitates reconciliation management with general ledger balances
Integrates effectively with Microsoft Excel for reconciliations
Enhances audit readiness through centralized and accessible documentation
Cons
Challenges with direct subledger integration for automated reconciliations
Limited flexibility in task setup for recurring items
Difficulty with mass edits to checklists
Varied effectiveness of automation tools for some users
We use FloQast to help with our close process. FloQast has assisted with controls, transparency & accuracy. We currently use FloQast to complete reconciliations and checklist items each month. The platform is easy to use, updates quickly and is overall an effective platform to help us reach our goals. Prior to implementing FloQast we completed our reconciliations in excel and spent a lot of time completing this task across all accounts each month. I credit FloQast with our team reaching a 4.5 day close.
Pros
Reconciliations
Sign Off Controls
Transparency
Customer Service
Cons
Quickly reviewing reconciliations without having to open a new window.
Likelihood to Recommend
It is clear that FloQast was created by accountants for accountants. The ease of use is excellent. It is great for keeping track of all your monthly checklist items, reconciliations and ongoing projects. We could use FloQast in more areas and I hope we do in the future.
We use FloQast to manage our month end close tasks and reconciliations for multiple entities. It is integrated with our accounting software to ensure that are schedules match what is in our financials. We also use the Variance Analysis module to comment on and present analysis on month over month variances on our PL and BS to our CFO. Overall FloQast made managing month end close and the various tasks that make it up so much easier.
Pros
Analyzing workload
Tracking deadlines
Calling out variances between schedules and GL
Cons
Notifications of your items due that day
Likelihood to Recommend
Great if you have a larger team and/or need to manage the month end close process of multiple entities.
VU
Verified User
Manager in Finance and Accounting (1001-5000 employees)
Month-End Close & FLUX: You no longer have to use a Gsheet to see how the close is going; you can look at the Dashboard to see exactly how it's going. Check where the bottlenecks are and possibly reassign tasks if needed. The FLUX is also linked to the Month End Close, which makes the filling out a breeze, as most of it was done during the Recon process. We have used FQ for 2-3 years and love it!
Pros
Managing Month End Close.
FLUX
Customer Service- Their reps are so prompt in responding to questions (FAST).
Cons
Compliance Module- Hard to manage Prepare/Review/Filing Deadline for Tax filings.
If complex close items need to be done in the correct order or multiple subs, FQ makes it a breeze to track. If your close is simple, or done with only a few people, their system might not be a great benefit. With a team of 20, we need a tool like this to keep everyone on the same page!
VU
Verified User
Account Manager in Finance and Accounting (201-500 employees)
We use Floqast to manage our monthly and quarterly close process. The main modules we use are Close, Autorec, Remind and Analytics. Floqast has made tracking tasks and outstanding items easier and allowed the team to identify blockers that impacted our close. It allowed us to automate a lot of simple recurring tasks like outreach emails, reminders, as well as ensuring reconciliations are always in sync with our ERP.
Pros
Floqast is very simple and intuitive to use. It takes very little time to onboard and get started with a simple close process but it offers a breadth of features for power users and more complex organizations.
We have a great relationship with our account manager and they have been very receptive to our feedback. It feels like Floqast is a true partner with us and helping us to grow.
Centralizes all documentation for our end users.
Cons
Floqast Autorec feature is helpful for simple accounts but may prove to be problematic for large or complex accounts because of its reliance on its proprietary matching algorithms. More options and control over the reconciliation rulesets may help to alleviate this issue.
Floqast does not have a journal entry workflow which means that Floqast can not function as a one stop shop for the close. You will need to operate within your ERP.
It will be nice to have the ability to tap into other data sources like our banks or our data warehouse.
Likelihood to Recommend
Floqast is perfect for an organization looking to move away from an Excel or Google Sheets based close management process. It is structured in a manner that makes the transition for such an organization simple and easy. In addition, there are features available that will allow an organization to grow with the platform. Where I see limitations with Floqast is with complex organizations with 20+ entities to manage across multiple teams. In these cases, automation to help with the close(either in journal entry generation or account reconciliation) is required for scale and Floqast does not have a lot of features that help teams with this.
VU
Verified User
Manager in Finance and Accounting (1001-5000 employees)
We use Floqast to manage our month-end close process across all consolidated entities, including managing and tracking progress against the close checklist and completing all account reconciliations. Prior to Floqast, we lacked visibility into the status of key processes, but now we can track against deadlines and dependencies across multiple locations and teams.
Pros
Ease of implementation
Simplifies management of teams during close
Easy to use interface for monitoring tasks and reconciliations
Cons
Not able to handle all disaggregations available in ERP
Could improve on ability to delegate tasks
Likelihood to Recommend
We were looking to implement an automated way to manage the close without overhauling our underlying Excel based processes and Floqast was the perfect fit. It was easy to implement and we have had few problems in our four years of use. It has grown with our business as we have become more complex and I do not foresee outgrowing it.
VU
Verified User
Director in Finance and Accounting (1001-5000 employees)
Our company uses FloQast in the Finance and Accounting department to help with many processes including our month-end close, billing, payroll processing, FP&A, reporting, and taxes. This product helps with maintaining controls, establishing workflows, enabling easy collaboration, and ensuring proper procedures are followed in all our processes. It also provides for backup for our outside auditors.
Pros
Integration with ERP system to ensure proper reconciliations with backup documentation
Controls to ensure all procedures followed, signed off, and reviewed
Collaboration both within FloQast and with outside parties through ReMind
Large reconciliation are made easier through AutoRec features
Facilitates recurring entries for prepaids, amortization, and depreciation with AutoRec features
Tracks progress of month-end close and provides information regarding bottlenecks
Cons
Lacks project management functionality, though I believe this is currently being developed
Lacks FP&A integrations
Ordering checklist items can be difficult
Doesn't take into consideration dependencies in checklist items
Likelihood to Recommend
FloQast is better suited the more employees in Finance there are that must collaborate in month-end closes. It makes collaboration much easier with tracking notes, sign-offs, and third party communication in ReMind. It may be a bit expensive for small businesses with smaller accounting teams of one or two people.
VU
Verified User
Vice-President in Finance and Accounting (51-200 employees)
Floqast helps manage accounting close cycles efficiently and ensure that month end is completed in a timely manner. FQ ReMind also helps with automating email confirmations when needing to send out mass confirmation communications. The solution also helps with aggregating responses and that greatly reduces manual work for my overall team.
Pros
Close Management
Automatic Reminders
Email confirmations
Cons
Better 3rd party software integration
Customized mass templates
AI driven reminders
Likelihood to Recommend
Floqast is meant for large companies that want to scale their operations in a meaningful way. Instead of relying on human memory, Floqast helps organize a multitude of tasks where checklists are required to coordinate to ensure teams to deliver results in a timely fashion. This may not be useful for smaller companies or teams where there are not as many tasks to track.
It helps to simplify the accounts close, reconciliations and track progress of tasks. Also automates many of the manual tasks associated with closing the books each month, such as reconciling accounts, preparing financial statements, and tracking progress. It Improves accuracy and reduces errors. With the help of automation FloQast reduces the risk of errors and ensures that all necessary tasks are completed on time.
Pros
Task Management
Financial Reporting
Workflow Automation
Cons
Integration with other financial systems
Customization options
Speed of user interface functions
Likelihood to Recommend
FloQast is a great fit for large accounting teams that need to manage multiple accounts and reconcile transactions efficiently. Also it can help companies with complex financial reporting requirements, such as those with multiple entities or international operations. In addition to that, FloQast can help companies in highly regulated industries to maintain compliance and ensure accuracy in their financial reporting.
I use FloQast to keep track of the timeline of my (and others) month-end close tasks as well as account reconciliations. With over 40 people in our Finance department contributing to the close process, FloQast keeps everyone on track and ensure a timely and smooth close every month. Additionally, FloQast's ability to pull data from NetSuite for account reconciliations makes it a breeze to guarantee accurate information for account reconciliations.
Pros
FloQast is able to navigate our complex corporate structure to pull account balances from every entity accurately. It hasn't been incorrect so far.
FloQast keeps everything organized. I find it very helpful to be able to filter on a particular tags. For example, specific 10Q tasks which are only needed quarterly are tagged "q_preparation." It just keeps it simple.
Because some close tasks must be done before other close tasks can be started, FloQast allows me to be notified when that individual has signed off on their completed task, allowing for maximum efficiency.
Cons
Refreshing all of our entities' account balances in the Reconciliation Module can take a while or sometimes even get stuck and never complete. I imagine we don't have nearly as many entities as some larger companies. I believe there is some room for improvement there.
Likelihood to Recommend
For companies with large finance teams and numerous entities, I think FloQast is a must because their is no way a timely month end close could be done without it. Being able to see everyone's tasks and when they are due allows me to plan accordingly. Instead of relying on a coworker to either email or slack me that they've finished something which just slows everyone down, I am notified immediately that they have completed their assigned close tasks.
VU
Verified User
Analyst in Finance and Accounting (1001-5000 employees)
We use FloQast as a close monitoring tool, for auto-recs and also for SOX compiance. Additionally, we use ReMind for accruals.
Pros
Close process
SOX compliance
Auto-rec
ReMind for accruals
Cons
Continue building out auto-recs
Improved SOX reporting
Likelihood to Recommend
Similar to Blackline and Cadency Trintech, FloQast does close monioring and SOX compliance extremely well. Where FloQast differentiates itself however is in their superior customer service, plus constant innovation.
