FloQast vs. Varonis Data Security Platform

I used another vendor for close management before, and comparing the two, FloQast is easier to use and the site navigation is much easier. The looks and feels of the site are more engaging and pleasant. As mentioned before in the previous question, their Journal Entry posting functionality is not suited for a company with multiple entities since it only allows you to book an entry when debits and credits are hitting the same entity

Incentivized

The most highlighted feature of Varonis Data Security Platform is the data analyzing mechanism. It analyzes your data all the time with some special algorithms to detect any unusual activities so that it can identify any unusual behavior or users and
take necessary action to save your sensitive data. They also offer a complete dashboard solution for their customers to control across different data stores, see their current state, and any security breaches to be addressed manually.

Incentivized

• 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.

Incentivized

• Varonis logging is very robust and captures all audit events being sent from the file servers.
• The ability to report and alert on Active Directory account events works very well with file activity monitoring. It can show the complete picture of what an account did while being used.
• Have a customizable dashboard is great for being able to show upper management information that only pertains to them.

• 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

Incentivized

• Implementation can be challenging in some areas and can only be executed by the vendor
• Implementation can only be executed by the vendor and additional work can be chargeable
• Licensing can be improved upon
• Agent based so implementation can be longer than expected

Incentivized

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.

Incentivized

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

Because the tool delivers on its promises and forces us to explore each functionality. Using the tool leads us to seek more knowledge and apply it to our environment, mitigating risks, reducing the attack surface, increasing the team's technical knowledge, and boosting team growth. It also demonstrates to senior management that the tool is extremely necessary for the environment.

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.

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.

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

Incentivized

Support has always been very responsive and addressed any issues we may have had in the past. Some local engineers are willing to come onsite or work over a web session to discuss creating a new rule set or look at some issues. Getting issues address has never been a problem. There was one feature we had trouble getting to function correctly, but support and local engineers were willing to work with us as much as needed to get it working correctly for our organization.

Incentivized

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.

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.

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)

At the time we picked FloQast, they were the most cost effective and easiest tool to use. Fast forward a little bit, and Numeric has come to market. I really lie Numeric to be honest and feel that their pricing is better and for that lower pricing, they include more functions. However, we continued with FloQast for ease of continuity and my team is time strapped. What that said, FloQast is great - nothing wrong with it other than it could be cheaper.

Incentivized

Actually, we didn't expend much time evaluating other file auditing platforms. We chose Varonis just after a serious incident and we had already heard about Varonis at a Netapp event. So it was an easy choice. We called Varonis and asked them for a PoC, that's it. The PoC became a production and it is running until this day.

Incentivized

I had no control over the contract

Incentivized

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

• Floqast has reduced our closing schedule by roughly 15-20% of the time it took us beforehand.
• The product has been very beneficial for us during audit time when we can easily demonstrate our control workflows on reconciliation and task approvals.
• I can update our CFO at any point in time how we are trending towards close and can coordinate with finance as to the moment journal entries have been completed

Incentivized

• We have identified data classifications issues that our organization was not aware of prior to the implementation.
• The tool does take a dedicated resource for it to be effective.
• Varonis has improved the speed with which we can fulfill audit requests, leaving us more time for other tasks.

Incentivized