FloQast a tool for a concise view our your close and financials
February 27, 2023
FloQast a tool for a concise view our your close and financials
Score 10 out of 10
Vetted Review
Verified User
Modules Used
- FloQast Close
- FloQast AutoRec
- FloQast Flux
Overall Satisfaction with FloQast
FloQast has been beneficial to our accounting department in so many ways. The Autorec function is a real game changer with our EOM Close. The Close module helps us gain insight as to whether we're on track for our close deadline and determine if anyone on the team is struggling to complete their tasks. The Flux Analysis module allows us to review any variances on a monthly or quarterly basis which helps pinpoint areas for review in our financials.
- Allows for us to analyze variances on a monthly or quarterly basis
- Track how we're progressing with our close tasks
- Autorec against the GL balance in NS to find recs that don't align
- We can have reconciliation tasks at the GL level but also have task based EOM checklist items like perform this specific accrual
- Onboarding was literally a breeze
- The Autorec function is sometimes slow on the first day of close
- FloQast presents a clean and neat narrative to our auditors, which results in less friction or questions
- Management can SEE what close areas we're struggling with and assess/change our timeline
The flux analysis takes our already stored recs and loads them into the module and assesses the data for variances. We're then able to make a comment and justify the variance. This allows for management to have less questions but also be able to response to our comments in 1 place. This results in improved accuracy and less review time needed.
The centralization of supporting documentation is key with this product. We can provide an auditor access to our instance and they can have a one stop shop to our recs.
We knew that FloQast was the best in class and integrated nicely with Netsuite, so no others were contacted.
Do you think FloQast delivers good value for the price?
Yes
Are you happy with FloQast's feature set?
Yes
Did FloQast live up to sales and marketing promises?
Yes
Did implementation of FloQast go as expected?
Yes
Would you buy FloQast again?
Yes