A fantastic software to handle the closing process!
March 20, 2023

A fantastic software to handle the closing process!

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

Modules Used

  • FloQast Close
  • FloQast AutoRec

Overall Satisfaction with FloQast

I love FloQast and it is easy to use. I use it to track my weekly tasks and month end close. FloQast's auto reconciliation helps me on the close and notify me when the balance is off. It ensures compliance, timely reconciliations, and an easy-to-use file management system that syncs automatically. I like this paperless tool to organize all month-end documents and it also let's us know if we've missed a deadline.

Pros

  • FloQast provides an excellent checklist module for enhancing the month-end-close
  • FloQast provides spaced-out rows detailing each assignment and the sign-off button
  • FloQast has made it easy and efficient to close the keep the closing of book on track

Cons

  • FloQast system can be quite rigid and slow sometimes
  • The notifications could be a little more encouraging rather than sounding like you missed something. Wording on the notifications can be more friendly instead using Oops!
  • The notification email can also just include those past due tasks and not the ones due on the notification date.
  • Establish a standard process for month to month process
  • Improve the effectiveness and efficiency of my month end close. The due date was reduced by 2 business days
  • Fully compatible with NetSuite in real time and easily configurable by the accounting team

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

I recommend FloQast because it is straightforward to track my tasks promptly and a great financial tool for reviewing the fluctuation of MOM and QoQ. I also rely on the pre-close tasks function to help me keep my assigned accounts on track through month end close. The reconciliations, support and preparer sign-offs are directly within FloQast which makes testing more efficient. Reconciliation Syncing process is fast so I can sign-off my tasks timely.

FloQast Feature Ratings

Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
10
Reconciliation Automation
10
Close Checklist
10
Customizable Workflows
10

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