FloQast

The User Interface and implementation were the key drivers for choosing FloQast compared to BlackLine.

Since it connects to our accounting software it has made the closing process much better than any other tools.

FloQast more than holds it own on pricing and is definitely a cut above in customer service and innovation.

The User Interface and implementation were the key drivers for choosing FQ compared to BL. Our team was up in a matter of days or so it felt! Even if you didn't get properly trained in FQ, you could easily figure it out on your own, which was nice, especially for a large team.

We found that FloQast fit well into our existing close process and made it much more efficient. Other rooms, such as BlackLine, required a longer and more costly implementation. It also required the use of their reconciliation formats. We did not see the value in that investment for what we perceived as a less-suited tool for our team.

I used BlackLine many years ago but found it to be a waste of time. I didn't like being required to use the BlackLine format for reconciliations. The one size fits all mentality never quite works out when it comes to accounting - every business does things a little differently. FloQast allowed us to keep our own reconciliation format, modified only slightly with adding a code that allows the software to read the rec balance.

Netgain has a product called NetClose which we've considered but ultimately went with FloQast because of simplicity and ease of use. The other product was more technical and hands on.

FloQast has a strong brand, offers excellent customer service, has a strong core product, and continues to improve and provide additional value to its customers.

Value for money, highly usable and user-friendly interface.

More dynamic, linked with tools we already use including g drive and excel

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.

We evaluated BlackLine when we were considering Floqast. Although BlackLine is very robust and feature rich it was not right for us at the time of our review. We chose Floqast because:
1. It was simple to set up. We were up in running in a few weeks as compared to the 6 month ramp quoted by BlackLine.
2. Competitive pricing for the feature set.
3. Support was simple. Floqast does not require a dedicated IT staff to make full use of the platform as compared to BlackLine.

We primarily use FloQast for close and variance analysis whereas we use Monday for project tracking including Audit PBC

I have not used any other products

We selected FloQast because of how flexible it was and how easily it incorporated our existing excel workpapers into the system. It was also able to accommodate our ERP, despite not having a native integration for it.

FloQast is more user-friendly and flexible. The product is updated more frequently.

I have experience using Asana and Jira in previous jobs and while they are both useful, neither are tailored to accounting. That is where I feel that FloQast truly shines - there are so many features that other project management softwares are lacking, and after using FloQast as an accounting associate, I can't imagine going back to these other softwares if I were to use them in the accounting context. Specifically, FloQast's Reconciliation features and Close Management are so clearly designed by accountants, for accountants, and truly make close tasks so much more efficient and organized. Jira and Asana are incredible project management tools, but are not tailored to the accounting world in the way that FloQast absolutely is.

NetClose (from NetGain) is pretty similar and is also a great tool. For a single company that uses NetSuite, NetClose can be a great option, however FloQast has more features like ReMind and aurorecs that NetClose does not have. For a CAS firm, it is a no brainer though, FloQast connects to more accounting systems and that makes it the obvious choice.

Before FloQast, we used Google Sheets to keep track of all supporting documentation and then compared that to our ERP trial balance during our month-end close process. This process was manual and required much more work. Internal controls surrounding this process was lacking. Many accounting entries including prepaids, amortization, and depreciation were kept in Google Sheets with a greater potential for mistakes in formulas. FloQast provided internal controls, automated processes, and decreased the time spent on month-end closes.

much more user-friendly than all others

Reconciliation management and connectivity vs cost

No additional product

I use Quickbooks for a much smaller scale business tracking. I think that FloQast is much better for the high volume business. Quickbooks seems to me to be more of a basic for beginners type bookkeeping software. FloQast is better equipped for multiple users and tasks. I may not be using Quickbooks to its full potential but I am positive that FloQast is developed with a bigger business scope in mind.