Stop wasting your time! Get FloQast!
February 27, 2023

Stop wasting your time! Get FloQast!

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close
  • FloQast Flux
  • FloQast Analyze
  • ReMind

Overall Satisfaction with FloQast

FloQast is our primary means to track the month end close process, complete flux analysis, and reconcile accounts. It allows for easy close tracking, accountability, and quick response to open items/issues. The best part of FloQast is their desire to continually improve the platform and act on users feedback. They often reach out to understand our needs and how they can improve the application to meet them. In addition, they recently added a very promising internal controls feature that ties your risk assessment/controls into the month end close tasks and reconciliations. Most of your evidence will not only be in one place, but easy to pull for audit purposes.

Pros

  • Delivers on customer feedback
  • Integrates support and processes into their platform for one-stop data retention
  • ReMind is a great auto emailing system that assists in reducing non-value added time chasing internal customers

Cons

  • Entities can be confusing to setup
  • Reporting could be cleaner and easier to read
  • Improved visibility of month end close status, reconciliation completion and approvals
  • Saves time during month end close by delivering one-stop communication channel
  • Assists in consolidating support and providing easy means to pull the data

Do you think FloQast delivers good value for the price?

Yes

Are you happy with FloQast's feature set?

Yes

Did FloQast live up to sales and marketing promises?

Yes

Did implementation of FloQast go as expected?

I wasn't involved with the implementation phase

Would you buy FloQast again?

Yes

Seems well suited for small to medium sized companies. I question how well it would operate for very large companies with complicated structures. It does handle multiple currencies and allows for use case flexibility. For example, we've added a workflow for employee onboarding.

FloQast Feature Ratings

Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Detailed Audit Trails
Not Rated
Reconciliation Automation
7
Close Checklist
8
Customizable Workflows
8

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