Item: FloQast
Rating: 8
Author: Verified User

Use Cases and Deployment Scope

We use it for month-end close management. It can automatically sync to the accounting software that we're using and make sure that the balance agrees with what we record in the book. Additionally, the signoff feature enables us to have better control in the accounting environment. We're currently only using the main FloQast tool but I'd like to explore additional features when the Company is in need.

Pros and Cons

Reconciliation
Signoff
Time management.

Sync different currencies/books.
The fee is a bit high.

Return on Investment

Close time further improved.
Increased ownership of accounting staff.

Automation

We do not have those features.

Audit Readiness

We haven't gone through audit yet.

Key Insights

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

Likelihood to Recommend

I think FloQast will be very helpful in managing small to mid-sized enterprises without a huge chart of accounts. I can see that if a company has a very chunky chart of accounts with active balances, it will be very hard to manage, and the checklist might be huge. In terms of control, I think the feature is still a bit bare minimum; looking forward to having more features coming in soon.

FloQast Review.

Modules Used

Overall Satisfaction with FloQast