FloQast User Review
May 27, 2024

FloQast User Review

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Flux
  • FloQast Close

Overall Satisfaction with FloQast

It is the best tool for tracking reconciliations, tasks and flux analysis. FloQast helps to track your tasks and monthly reconciliations in a very easy and efficient manner. It also helps set deadlines on tasks which are time sensitive.It saves time and all reconciliation activity for multiple entities can be viewed in one place by management. I think reminder email for flux analysis is not sent even if someone is assigned to a particular task. Also, out-of-balance recons need to be notified to the owner in real time.

Pros

  • FloQast helps to track your tasks and monthly reconciliations in a very easy and efficient manner.
  • It also helps set deadlines on tasks which are time sensitive
  • It saves time and all reconciliation activity for multiple entities can be viewed in one place by management.

Cons

  • Reminder email for flux analysis is not sent even if someone is assigned to a particular task.
  • Out-of-balance recons need to be notified to the owner in real time.
  • Improved Team collaboration and real time updates
  • improved visibility on key processes and tasks
  • more standardized finance process

Do you think FloQast delivers good value for the price?

Not sure

Are you happy with FloQast's feature set?

Yes

Did FloQast live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of FloQast go as expected?

I wasn't involved with the implementation phase

Would you buy FloQast again?

Yes

FloQast helps to drive the financial close activities in a very organized manner and also helps track the activities and responsible person in case of any delays. Any update in the on the Balance sheet reconciliation are notified regularly to the user and the same can be reconciled in timely manner.

FloQast Feature Ratings

Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Detailed Audit Trails
Not Rated
Reconciliation Automation
10
Close Checklist
10
Customizable Workflows
Not Rated

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