TrustRadius
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.https://dudodiprj2sv7.cloudfront.net/product-logos/9J/5s/0QVX4OGD46R8.PNGExcellent tool easy to use tool that helps to organize and control our accounting processesThis has been throughout the organization, since it is a very useful tool that helps to achieve more quickly the objectives established in each of the departments, it no longer works manually, everything is automatic, you can even work from home. Helps a lot in a short time because it lets you know at a glance which accounts are out of balance. It has helped us with all our accounts and all the accounting part is necessary so that all organizations allow a quality faction and constant monitoring of the payroll and administration of each project.,It is excellent with the automatic table of the payroll of the company and helping to keep accounting more efficient and fast. It is very adaptable, we all could implement it quickly, it has a low cost, excellent services, efficiency and ease of use It facilitates the monthly accounting closings of the company, since everything, from tasks to reconciliations, can be entered as a task to complete and it is easy to follow them as they advance.,FloQast is an excellent tool that everyone should have in their company but could improve the characteristics of the calendar making them more adaptable to the user. Be easier to connect with other tools. Include new items in the checklist such as configurations and reconsiderations.,9,It has had a positive impact. Many of our suggestions have also been implemented. It is very easy to use which makes the learning curve and the time it takes to adapt to the tool to be very short, thus using all the time to deliver accounting tasks faster and more appropriately. Everything is in one place and has easy audit trails. They have also implemented many of our suggestions helping with this to get a payroll and other tasks much better than manuals and in less time being able to keep track of everything. Is an excellent way to stay organized and make sure that all tasks and deadlines are met efficiently.,BlackLine,BlackLine, Admation, Adminitrack, CadmiumCD Event Management SystemFloQast definitely recommended for priceFloQast is being used by the finance and accounting department. It is used to layout the discrete tasks in order for the accounting department to close out the month-end process. It addresses the problem of tracking what tasks need to be done, when they were finished, reconciliation of balance sheet accounts to the work paper schedules, and seeing where the bottleneck lies when evaluating why month-end may take a long time.,When you lay out the discrete tasks that need to be done for the month, you can assign someone to be the task owner and another person to be the reviewer. In those tasks, you can set the deadline that the task needs to be finished and a deadline when the task needs to be reviewed. In this way, you can track where the bottleneck lies. There is a good audit trail. Since FloQast integrates to many ERPs, the trial balance from your ERP gets fed into FloQast. FloQast will have the final balance sheet numbers for the month, for which you can upload balance sheet schedules that will tie and reconcile to your financial statements.,It would be nice to set FloQast tasks to have dependencies against other tasks. In that way, it can help locate bottlenecks. It would be nice to have better reporting function in which you can see how many days late a task was finished and create some sort of analytics.,9,Each quarter, we set a goal to speed our close process by one day and by the end of the year, we've sped it up by 5 business days for which the board is very pleased as they are getting the financials in a timely manner. It has allowed the department clarity into what each person does. It forces each person to take ownership of their task. We are forced to reconcile our schedules to balance sheets so our audit has finished more quickly and is less of a headache.,,NetSuite, FinancialForce Accounting, Zuora
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FloQast
2 Ratings
Score 9.0 out of 101
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FloQast Reviews

FloQast
2 Ratings
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Score 9.0 out of 101
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Carla Borges profile photo
November 05, 2018

FloQast Review: "Excellent tool easy to use tool that helps to organize and control our accounting processes"

Score 9 out of 10
Vetted Review
Verified User
Review Source
This has been throughout the organization, since it is a very useful tool that helps to achieve more quickly the objectives established in each of the departments, it no longer works manually, everything is automatic, you can even work from home. Helps a lot in a short time because it lets you know at a glance which accounts are out of balance. It has helped us with all our accounts and all the accounting part is necessary so that all organizations allow a quality faction and constant monitoring of the payroll and administration of each project.
  • It is excellent with the automatic table of the payroll of the company and helping to keep accounting more efficient and fast.
  • It is very adaptable, we all could implement it quickly, it has a low cost, excellent services, efficiency and ease of use
  • It facilitates the monthly accounting closings of the company, since everything, from tasks to reconciliations, can be entered as a task to complete and it is easy to follow them as they advance.
  • FloQast is an excellent tool that everyone should have in their company but could improve the characteristics of the calendar making them more adaptable to the user.
  • Be easier to connect with other tools.
  • Include new items in the checklist such as configurations and reconsiderations.
I recommend it totally to modernize and streamline all the accounting processes of a company since it is of strong visibility and comfort that restores the status of the accounting closing. It offers very relevant changes in the company's infrastructure as it helps to keep the transition smooth. It provides ongoing support and the support it provides is well above average.
Read Carla Borges's full review
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August 05, 2018

Review: "FloQast definitely recommended for price"

Score 9 out of 10
Vetted Review
Verified User
Review Source
FloQast is being used by the finance and accounting department. It is used to layout the discrete tasks in order for the accounting department to close out the month-end process. It addresses the problem of tracking what tasks need to be done, when they were finished, reconciliation of balance sheet accounts to the work paper schedules, and seeing where the bottleneck lies when evaluating why month-end may take a long time.
  • When you lay out the discrete tasks that need to be done for the month, you can assign someone to be the task owner and another person to be the reviewer. In those tasks, you can set the deadline that the task needs to be finished and a deadline when the task needs to be reviewed. In this way, you can track where the bottleneck lies. There is a good audit trail.
  • Since FloQast integrates to many ERPs, the trial balance from your ERP gets fed into FloQast. FloQast will have the final balance sheet numbers for the month, for which you can upload balance sheet schedules that will tie and reconcile to your financial statements.
  • It would be nice to set FloQast tasks to have dependencies against other tasks. In that way, it can help locate bottlenecks.
  • It would be nice to have better reporting function in which you can see how many days late a task was finished and create some sort of analytics.
If an accounting department is taking a long time to close out a month, FloQast is a very useful tool in which it can help organize the department and track what needs to be done. It also forces the department to produce balance sheet schedules and have them reconcile to the balance sheet. If month-end tasks/processes are fairly easy, then FloQast may not be needed at all and a shared Excel file may be all your company needs.
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FloQast Scorecard Summary

About FloQast

FloQast is close management software created by accountants for accountants. It promises to help accounting teams close faster and more accurately. It provides a single place to manage the close and give everyone visibility.

FloQast works with your existing checklists and Excel to work the way your team does to manage the close. Bringing collaboration, reporting and process management together in a single, intuitive solution, FloQast centralizes the management of the close and gives greater confidence that it’s accurate and complete.

The vendor says that, on average, FloQast customers close three days faster.
Categories:  Financial Close

FloQast Features

Has featureTransform your Excel monthly close checklist into a cloud-based collaboration tool for the entire team.
Has featureFloQast works with your general ledger and Excel workbooks to link them dynamically.
Has featureStay organized every close by building on top of your existing folder structure.

FloQast Screenshots

FloQast Integrations

Sage Intacct, NetSuite, QuickBooks Online, Microsoft Dynamics 365 (formerly Microsoft Dynamics CRM), SAP, Sage

FloQast Competitors

Pricing

Does not have featureFree Trial Available?No
Does not have featureFree or Freemium Version Available?No
Does not have featurePremium Consulting/Integration Services Available?No
Entry-level set up fee?Required

FloQast Support Options

 Paid Version
Phone
Live Chat
Email
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar

FloQast Technical Details

Deployment Types:SaaS
Operating Systems: Unspecified
Mobile Application:No
Supported Languages: English