FloQast Review
February 28, 2023

FloQast Review

Claire Denham | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close
  • FloQast Analyze

Overall Satisfaction with FloQast

We currently use FloQast to streamline our month-end close, and are looking at implementing it for other processes. The checklist feature helps identify all of the items that need to be done (as well as who they're assigned to), while the workpapers within the folders keep everyone on the same page. It helps that FloQast is cloud based, so documents can be accessed from anywhere, rather than dependent on a connection to our network share drive.
  • Track month end items
  • Provide analytics on items completed vs not
  • Centralize workpapers
  • Provide workpaper access via cloud
  • Improved note functionality -- ability to answer previous notes
The workflows have streamlined our processes. We're looking to implement more of FloQast's automation tools in the future.
Having a centralized, cloud-based location for all audit supporting documentation has been very helpful. It means our data is accessible from anywhere, rather than dependent on local network access. This makes it easier to share data with users who either WFH, or like our auditors, would be coming from out of state, which reduces their travel charges. It also means that our audits can be conducted remotely which I am a fan of.

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?

I wasn't involved with the selection/purchase process

Did implementation of FloQast go as expected?

Yes

Would you buy FloQast again?

Yes

FloQast is designed for accountants, so the only scenarios I could see it being less appropriate are non-accounting based ones. We're currently using FloQast to manage our month-end close, as well as provide a central location for workpapers and documents necessary for the year-end close and subsequent audit. If everyone is trained and on board, it works very well.

FloQast Feature Ratings

Financial data consolidation
7
Journal entries and reports
7
Multi-currency management
Not Rated
Detailed Audit Trails
10
Reconciliation Automation
10
Close Checklist
10
Customizable Workflows
7