Item: FloQast
Rating: 9
Author: Verified User

Overall Satisfaction with FloQast

Use Cases and Deployment Scope

It is used by our accounting department to aid with our monthly close process, providing reconciliation checklists and other non-rec checklists of things to be completed by when. There are also close analytics offered that help us evaluate our processes.

Pros and Cons

Pros

Document storage for checklists/recs are helpful
Keeps our team on track with notifications when things are due/late or have become out of balance
Dashboard and UI are easy to use

Cons

Improved/additional analytics

Return on Investment

Helped us streamline our monthly close process which helped with year end
Helped get eyes on accounts that were somewhat ignored previously
The Google Drive integration has been helpful for working remotely

Alternatives Considered

N/A

Likelihood to Recommend

Great for our company where we have dedicated accounts and tasks for each member of our accounting team each month. I can't really see a use for the product apart from that, so its a fairly niche product. It did help us to outline and monitor tasks that we had not had as much regulation on previously.

Comments

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FloQast is a great tool to assist with your monthly close process