Jumping feet first into the future with FloQast
April 28, 2023

Jumping feet first into the future with FloQast

Craig Lowdell | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close

Overall Satisfaction with FloQast

FloQast has added a lot of transparency to our
close process and helped us manage workflows and workloads of staff. We can
easily see any bottlenecks as well as regularly late submissions to help
support those areas of the business. We can also hold members of the business
directly accountable tasks and reconciliations, which we never had the ability
to do in the past with too many moving parts. We have deep-dived into our close
process and streamlined many of our reconciliations for ease of use as well as
adding a lot of consistency that was never in place beforehand. After only one
quarter from our full launch, the team is full of nothing but compliments for
the software and I am sure we will continue to utilize the system to its full capabilities
and make further progress in reducing the time taken for our close process.
  • Transparency
  • Provides great analytics
  • Organized structure fully customizable for the needs of the business
  • Documents all stored in one central place, accessible from anywhere
  • Unsure as we are still early in our journey
  • Improved visibility
  • Standardization of Rec templates and processes
  • Small reduction in time to close
  • Higher level of accountability
So far we have managed to reduce our time to close by around half a day. Many members of our time have reduced their overtime as well which is great offering a better work/life balance.
We haven't been exposed to this just yet
Lower cost for a much better, well organized software that on face value is far easier to use. It meant we didn't have to drastically change our close process too much whilst implementing a new system

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

Notification system is great for "ready to review" or reconciliations that have gone out of balance. It means you can jump direct to the tasks in questions and tackle them head-on. Recorded review points giving full transparency of the close process, these are all recorded as is a great communication tool between team members. It has helped reduce our close time already by around half a day and we are hoping to see more benefits as time progresses.

FloQast Feature Ratings

Financial data consolidation
10
Detailed Audit Trails
10
Reconciliation Automation
10
Close Checklist
10
Customizable Workflows
10