FloQast Outsourced Accounting
April 04, 2023

FloQast Outsourced Accounting

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

Modules Used

  • FloQast Close

Overall Satisfaction with FloQast

We are an outsourced services firm (Accounting, Finance, HR, Payroll) and use FloQast for our Month End Close reconciliations and checklist. Reconciliations and month end close tracking is the primary use and FloQast is invaluable for managing multiple client monthly closes.

We use Floqast on hundreds of clients, integrate it with NetSuite reconciliations, and track our teams success through it.

Pros

  • Reconciliations
  • Checklists
  • Visibility in Close process
  • Team Management

Cons

  • Automatic completeness checks
  • Too many emails, sometimes it's just a flood
  • Utilization, making sure the teams are actively engaged in completing closes
  • Visibility
  • Team Management
  • Client visibility

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?

Yes

Did implementation of FloQast go as expected?

Yes

Would you buy FloQast again?

Yes

Large business has a great use case with multiple people providing review and giving great visibility in the month end close process. Great flexibility on checklist organization, multi-subsidiary tracking (folders), and lots of great features..

Less appropriate is for small to mid-size businesses that have Accounting/Finance teams of 2-3 primarily due to Floqast being cost prohibitive on small scales. I would love a small business option for conversion on clients moving away from outsourced accounting, but still maintaining a small team.

FloQast Feature Ratings

Consolidation and Close
8.7
Financial data consolidation
8
Multi-currency management
8
Close Checklist
10

Comments

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