Excellent user-friendly tool to help with Close and reconciliation Process
We use FloQast in our month-end close process. FloQast helps our team stay organized and on task while closing the month. FloQast also …
Overview
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.
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Popular Features
- Customizable Workflows (92)9.393%
- Financial data consolidation (67)9.090%
- Detailed Audit Trails (77)8.989%
- Journal entries and reports (52)8.181%
Reviewer Pros & Cons
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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.
Entry-level set up fee?
- Setup fee required
For the latest information on pricing, visithttp://floqast.com/pricing
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Details
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What is FloQast?
FloQast is a Finance and Accounting Operations Platform boasting users among accounting teams that include Twilio, the Los Angeles Lakers, Zoom, and Snowflake. FloQast enhances the way accounting teams manage their Financial Close, Finance and Accounting Operations, and Compliance Programs. With FloQast, teams can utilize AI technology to manage every aspect of the month-end Close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration throughout the financial function. Learn more at FloQast.com.
FloQast Features
- Supported: Transforms Excel monthly close checklists into a cloud-based collaboration tool
- Supported: Works with the user's general ledger and Excel workbooks to link them dynamically
FloQast Screenshots
FloQast Integrations
FloQast Competitors
FloQast Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Languages | English |
FloQast Downloadables
Frequently Asked Questions
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.
Reviewers rate Customizable Workflows highest, with a score of 9.3.
The most common users of FloQast are from Mid-sized Companies (51-1,000 employees).
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Reviews and Ratings
(205)Attribute Ratings
Reviews
(1-25 of 121)Companies can't remove reviews or game the system. Here's why
Score 9 out of 10
Vetted Review
Verified User
- Improved team collaboration
- Improved visibility
- Standardized processes
March 04, 2024
Accountant's Best Friend during Month End Close
Score 10 out of 10
Vetted Review
Verified User
- Improved team collaboration
- Improved visibility of bottleneck processes
January 10, 2024
FloQast - best in class
- Improved visibility to close cycle
- We absolutely could not have survived first year as publically traded co without SOX compliance module. This was a life saver!
January 06, 2024
FloQast is the Month End Hero!
- Finance/Other Depts can see status of Close.
- Managers can see the bottlenecks, who is underperforming.
- Management can use # of checklists/Recons required for Subs to see if re-consolidations are needed.
January 05, 2024
A game changer for the Accounting close process.
- Has helped to reduce time to close from 7-8 days to 5 days .
- Allows all entities to follow the same process globally. This has reduced risk and allowed great oversight at the parent entity level.
- This has allowed the accounting team to provide real-time updates to the CFO and FP&A on close status.
January 04, 2024
Amazing Tracking Tool
- Improved visibility
- Time savings - ability to re-organize our close to save time thanks to the all-encompassing view of the workload
- Improved communications - leaving review notes on tasks is more efficient than email
January 04, 2024
FloQast = Easier financial Close and team management!
- [...] has a large accounting team and FloQast has been the main software tool used to drive accountability and keep us on track as a larger team
- FloQast checklist and reconciliation due dates enable us to outline each step of the close in order to produce accurate and complete financial statements regularly
- FloQast has significantly reduced the overhead(Cost and time) of close management but centralizing the whole team's efforts into a single software.
January 04, 2024
Great month-end software with excellent customer service and and an ever evolving product offering.
- It is hard to quantify the net financial impact, but the positive value is readily apparent. The solution allows us to standardize processes, streamline the month-end close, more easily on-board new employees, and much more.
January 03, 2024
Highly innovative and user friendly tool to manage your checklists and account reconciliations for period close activities.
- Improved team collaboration.
- Improved visibility.
- Standardised processes.
- Streamlined processes.
January 03, 2024
Great MEC tool and standard workflow tool
- Visibility into close status
- Ability to share with external parties
- Reminders for late and open items
January 02, 2024
The best!
- Time save by being able to identify pain points during the close
- Time save during audits by having sign offs and documents in one place
- Being able to easily assign tasks to different individuals on the team and track progress
January 02, 2024
Great addition to any Accounting team's tool belt
- 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
January 02, 2024
Great month end task tracker
- 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.
January 02, 2024
Save time and your eyes!
- improved visibility
- improved team collaboration
- time savor
- standardized year end reporting
January 02, 2024
Easy to use and great for tracking the progress of the Month End Close Activities also Reminders!
- Floqast has improved the visibility of completion of month end task
January 02, 2024
Ensure your multi entity accounting close is on track
- Completeness and compliance for account reconciliations
- Month over month variance analysis to ensure accuracy
- Checklists to ensure nothing is missed
January 02, 2024
Amazing close management!
- Improved collaboration
- Improved visibility
- Standardized process
January 02, 2024
A Great Close Management Tool
- Improved visibility
- Simplified management of close
- Maintained time to close despite expansion
December 31, 2023
Efficient and user friendly
- Improved team collaboration
- Helps the team plan accordingly
- No negative impact
December 30, 2023
FloQast makes the close process quick and seamless
- It improves collaboration among team members
- It keeps us accountable for getting our tasks completed on time
- It makes it easy to find the supporting documentation related to reconciliations by linking and organizing folders
December 30, 2023
Transform your close!
- Our close is now controlled and tracked in a way it couldn't be before.
December 30, 2023
Modern close management tool with seamless application.
- Improved team collaboration.
- More transparency over balance sheet composition.
- More standardized process flows and status of tasks being completed.
December 29, 2023
Floqast Review
- Floqast allowed us to reduce our close time by 3 days by reviewing the workflow, pulling items forward and ensuring there were no bottlenecks.
- Floqast ensures our balance sheet reconciliations tie to the final FL balance supporting our internal control environment.
December 29, 2023
Increased efficiency, visibility, and collaboration - your future self will thank you for using FloQast!
- As an employee I am much more efficient in my work flow, and I feel that I can get more tasks done with FloQast as my guide than when I just used an Excel to-do list
- Our team collaborates more on tasks and close items because of FloQast - being able to assign roles for each item (ex: someone to review or approve) has been great because there are several sets of eyes on each item and we are able to work together to get everything done.
- Visibility is greatly improved - FloQast provides us with an excellent snapshot of where our clients' books are at, where we are on close items, and visibility on personal to-do items as well.