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FloQast

Score8.8 out of 10

254 Reviews and Ratings

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What is FloQast?

FloQast 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.

Categories & Use Cases

Media

Screenshot of the analytics that displays progress throughout the close
Screenshot of flux analysis
Screenshot of reconciliations

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Screenshot of the analytics that displays progress throughout the close

Key Features

Learn about the best (and worst!) features FloQast has to offer, as determined by TrustRadius' reviewers.
Based on 254 ratings of FloQast's features
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Top Performing Features

  • Detailed Audit Trails

    Tracing changes to data and processes that were run.

    Category average: 8.9

  • Customizable Workflows

    The ability to adapt the software to complete tasks in a particular order according to business needs.

    Category average: 8.6

  • Journal entries and reports

    Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.

    Category average: 8.4

Areas for Improvement

  • Financial data consolidation

    Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.

    Category average: 7.7

  • Multi-currency management

    Ability to handle foreign currency conversions during consolidation.

    Category average: 6.8

Reviews

What users are saying about FloQast.
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FloQast - great tools to enhance accountability and productivity

Incentivized
Verified User
Manager in Finance and Accounting (1001-5000 employees employees)

Use Cases and Deployment Scope

I use FloQast for month-end close process tracking and completing reconciliations on a monthly basis. This keeps the team on track and increases accountability during the month-end close process. We use these tools on a monthly basis and they greatly outweigh the benefits of an excel tracker or something similar.

Pros

  • tracking month-end close items
  • tracking reconciliations
  • keeping the team accountable during close and post-close

Cons

  • the navigation of the site can be improved
  • simplified dashboards
  • easier filtering across the team

Return on Investment

  • Positive impact on keeping the team accountable
  • Positive impact on tracking items across the team (one-stop shop)
  • Positive impact on transitioning duties across team members

Alternatives Considered

BlackLine

FloQast Close and Compliance

Incentivized
Verified User
Director in Finance and Accounting (51-200 employees employees)

Use Cases and Deployment Scope

We use FloQast for monthly and quarterly close and the compliance module for SOX.

Pros

  • It’s fairly intuitive
  • centralized repository of files that can be shared internally and externally
  • integration with ERP and file sharing

Cons

  • we are finding it hard to adopt
  • customer support/success is sparse
  • the remind feature could use AI for assistance

Return on Investment

  • improved visibility
  • more standardized processes
  • greater ability to share support internally and externally

Alternatives Considered

BlackLine

Other Software Used

Sage Intacct, BILL, SAP Concur

FloQast An Essential Month-End Close Tool

Incentivized
Verified User
Employee in Finance and Accounting (1001-5000 employees employees)

Use Cases and Deployment Scope

In our organization, FloQast has and will continue to be used as a tool that solves a lot of problems other organizations face when dealing with month-end close:

Disorganized month-end close process
Lack of visibility and collaboration
Audit readiness and compliance
Manual and repetitive tasks

With FloQast, a lot of these inefficiencies are solved in an organized manner. This ensures a streamlined process on a monthly basis and avoids any confusion or chaos when time is of the essence.

Pros

  • Close management
  • Reconciliation management
  • Compliance management
  • Accounting operations

Cons

  • Edit access to comments once posted on FloQast as a preparer
  • Reconciliations go out of balance and back to being balanced randomly
  • Customizable dashboard to rearrange tiles and what is displayed on the homepage

Return on Investment

  • Improved team collaboration as everyone has a log in and participates in monthly tasks
  • Improved visibility since every tasks' status can be determined at all times without reaching out to the respective preparer or reviewer
  • Streamlined workflows with the amount of organization and overall structure of FloQast

Alternatives Considered

BlackLine

Other Software Used

NetSuite ERP, Workiva, Google Workspace, Slack

We love FloQast.

Incentivized
Samantha Webster, CPA, CFEView profile
Enterprise Risk and Audit Director in Corporate at Laticrete International, Inc (1001-5000 employees employees)

Use Cases and Deployment Scope

We use FloQast as our audit software. We have several business units around the world, which adds to our control testing complexity. FloQast enables us to tailor our audit programs to our needs and restrict access to only those users who require it for specific programs.

Pros

  • Listen to their customers.
  • Flexibility in the software and the way it is used by different customers.
  • Innovative. Always adding new ways the software can be used.

Cons

  • We would like to be able to add all issues and then send only certain issues to the management team.

Return on Investment

  • More standardized communication and processes.
  • Streamlined workflows.

Alternatives Considered

Wolters Kluwer TeamMate and AuditBoard

Other Software Used

NAVEX One

2025 FloQast Review

Incentivized
Jeff Diedrich
VP, Controller in Finance and Accounting at Libra Solutions (501-1000 employees employees)

Use Cases and Deployment Scope

We switched from Blackline to FloQast after struggling to get acceptance to using Blackline. We were looking for a couple of things, month end close tracking with signoffs, all reconciliations in a single location, tracking/progress updates and easy of use. FloQast met those for us. We changed due to Blackline not being as user friendly. FloQast was easy to use since our reconciliations were already in Microsoft Excel.

Pros

  • Ease of connecting an Excel reconciliation to the general ledger balance
  • Ease of connecting to our general ledger/multiple ERPs
  • Ease of setting up and updating checklists

Cons

  • The ability to cover multiple companies - For example we needed a work around to our intercompany general ledger accounts to balance. FloQast could not compare accounts across multiple companies
  • Connection to the subledger - There is not a connection directly to the fixed asset subledger to verify that the subledger balance equals the general ledger, indicating it is in balance and can be automatically signed off
  • Automated reconciliation process - we tried, but it was not granular enough to work accurately so we went back to a manual reconciliation - this is one item Blackline excelled at

Return on Investment

  • Improved visibility - Ability to see current status of the close and to look at reconciliations
  • Easy of looking at all reconciliations - previous we have multiple drives with multiple different locations, now they are all in a single location

Alternatives Considered

BlackLine

Other Software Used

Microsoft Dynamics 365 Business Central, NetSuite ERP, SAP Concur

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