FloQast vs. Adra by Trintech

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FloQast
Score 9.3 out of 10
N/A
FloQast in Sherman Oaks offers their financial close software to streamline accounting month end close, simply providing automation around reconciliation and eliminating human error, and visibility via a close status dashboard, as well as providing a complete audit trail.N/A
Adra by Trintech
Score 0.0 out of 10
N/A
Trintech now supports Adra and Adra's modular Financial Close Management Suite, which includes the Task Manager task generation and monitoring application, the Balancer balance sheet account reconciliation application, the Accounts matching module for intercompany, bank and interim accounts, and finally the Integration Hub for integration of the applications and their data with the company financial applications or ERP (SAP, Oracle, NetSuite, etc).N/A
Pricing
FloQastAdra by Trintech
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FloQastAdra by Trintech
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
FloQastAdra by Trintech
Top Pros
Top Cons

No answers on this topic

Features
FloQastAdra by Trintech
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
FloQast
8.5
107 Ratings
3% above category average
Adra by Trintech
-
Ratings
Financial data consolidation9.066 Ratings00 Ratings
Journal entries and reports8.151 Ratings00 Ratings
Multi-currency management7.236 Ratings00 Ratings
Detailed Audit Trails8.976 Ratings00 Ratings
Customizable Workflows9.391 Ratings00 Ratings
Best Alternatives
FloQastAdra by Trintech
Small Businesses
Tipalti
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Score 8.0 out of 10
Tipalti
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Score 8.0 out of 10
Medium-sized Companies
Cube
Cube
Score 9.0 out of 10
FloQast
FloQast
Score 9.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
FloQast
FloQast
Score 9.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FloQastAdra by Trintech
Likelihood to Recommend
9.5
(122 ratings)
-
(0 ratings)
Likelihood to Renew
9.1
(5 ratings)
-
(0 ratings)
Usability
9.2
(5 ratings)
-
(0 ratings)
Availability
9.1
(2 ratings)
-
(0 ratings)
Performance
9.1
(2 ratings)
-
(0 ratings)
Support Rating
10.0
(9 ratings)
-
(0 ratings)
In-Person Training
9.1
(2 ratings)
-
(0 ratings)
Online Training
8.1
(2 ratings)
-
(0 ratings)
Implementation Rating
9.1
(3 ratings)
-
(0 ratings)
Configurability
8.6
(2 ratings)
-
(0 ratings)
Ease of integration
9.1
(2 ratings)
-
(0 ratings)
Product Scalability
8.6
(2 ratings)
-
(0 ratings)
Vendor post-sale
9.1
(2 ratings)
-
(0 ratings)
Vendor pre-sale
9.1
(2 ratings)
-
(0 ratings)
User Testimonials
FloQastAdra by Trintech
Likelihood to Recommend
FloQast
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!
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Trintech
No answers on this topic
Pros
FloQast
  • Provides a clear status of the month end close.
  • Allows us to analyze tasks by team member and reassign as needed.
  • It syncs with our ERP Netsuite to ensure balance sheet reconciliations can be tied out directly.
  • It also connects with Slack to notify users of key deadlines and changes in review status for team tasks.
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Trintech
No answers on this topic
Cons
FloQast
  • A setting to allow for attachments to automatically be opened within the app (Adobe, Excel, etc.) rather than as a separate tab in the browser
  • Some of our tasks are quarterly or annual so assigning a very specific date would be helpful
  • Eliminate the need of "closing" review notes. Once we change the status to Resolved, that should be sufficient. Make Resolved and Closed one and the same
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Trintech
No answers on this topic
Likelihood to Renew
FloQast
It has proven to enhance our procedures with closing. It is an effective tool that I would recommend to create a more efficient closing procedure and get the team more aligned. It increases the accountability among the staff and helps to keep us on task and on time. It is easy to sign into and has reminder emails for tasks that are coming up or late.
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Trintech
No answers on this topic
Usability
FloQast
FloQast is incredibly intuitive and easy to use. The only reason I don't give it a 10 is that the Flux Analysis feature is not great in terms of getting the information into the system. Once it's in, fantastic! But some work is needed
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Trintech
No answers on this topic
Reliability and Availability
FloQast
We have only noticed a slight slow down in accessing FloQast on a couple of occasions (near the beginning of a month when many people were likely trying to get online to close their books). The issue has always resolved itself with three to five minutes, so it's never been a hinderance.
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Trintech
No answers on this topic
Performance
FloQast
FloQast's performance is great. The pages always load quickly, and reports are completed fast! I've never noticed any slowdown in our ERP from the interface with FloQast.
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Trintech
No answers on this topic
Support Rating
FloQast
They are rapid in their response. If they can't immediately offer a solution, they continue to keep in contact with you to let you know where they are in resolving your issues. The staff is friendly & speaks to you in layman's terms, not so high-tech that you can't understand
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Trintech
No answers on this topic
In-Person Training
FloQast
The FloQast team members are just so personable. FloQast has clearly done a great job hiring people who are not just good at what they do, but are also fun to work with! They have placed people in the right roles and the customer benefits from this. I have enjoyed every opportunity I've had to work with a FloQast team member on training.
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Trintech
No answers on this topic
Online Training
FloQast
The online training is good. But like all online, pre-recorded training, it is never quite as good as in-person or live training where one can ask questions or get clarification. That said, FloQast has an extensive training library and most of the time, if one finds they need help on a topic, it can be answered by going to the online training and watching appropriate recording.
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Trintech
No answers on this topic
Implementation Rating
FloQast
Implementation occured before I started with the company (but despite the instruction to skip the question if I did not participate, the site required I put in a rating in order to move on to the next page)
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Trintech
No answers on this topic
Alternatives Considered
FloQast
We evaluated BlackLine along with FloQast and ultimately decided to sign up with FloQast. Our team really liked the ability to leverage their existing Excel reconciliation templates that could link to the FloQast user interface. Comparatively, the pre-made reconciliation templates that were demonstrated in BlackLine felt a bit more inflexible and felt like it would invite a longer implementation/conversion timeline.
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Trintech
No answers on this topic
Contract Terms and Pricing Model
FloQast
I did not help in the purcase
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Trintech
No answers on this topic
Scalability
FloQast
We started using it with one client/customer and now use it with fourteen entities and plan to add two more in the next couple of months. It has made it possible to grow our business without hiring additional personnel. We can do more work with the same number of people
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Trintech
No answers on this topic
Return on Investment
FloQast
  • ROI has been quick. Using Floqast we were able to put off hiring additional headcount for a year due to the efficiencies we were able to garner.
  • Floqast also helped with change management and process documentation. It centralized work papers into one easy to find location where in the past workpapers were disorganized.
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Trintech
No answers on this topic
ScreenShots

FloQast Screenshots

Screenshot of View Progress Throughout the Close with AnalyticsScreenshot of Flux AnalysisScreenshot of Reconciliations