Everyone needs a friend like FloQast!
September 11, 2023
Everyone needs a friend like FloQast!
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- FloQast Close
- FloQast AutoRec
Overall Satisfaction with FloQast
I use FloQast to keep track of the timeline of my (and others) month-end close tasks as well as account reconciliations. With over 40 people in our Finance department contributing to the close process, FloQast keeps everyone on track and ensure a timely and smooth close every month. Additionally, FloQast's ability to pull data from NetSuite for account reconciliations makes it a breeze to guarantee accurate information for account reconciliations.
- FloQast is able to navigate our complex corporate structure to pull account balances from every entity accurately. It hasn't been incorrect so far.
- FloQast keeps everything organized. I find it very helpful to be able to filter on a particular tags. For example, specific 10Q tasks which are only needed quarterly are tagged "q_preparation." It just keeps it simple.
- Because some close tasks must be done before other close tasks can be started, FloQast allows me to be notified when that individual has signed off on their completed task, allowing for maximum efficiency.
- Refreshing all of our entities' account balances in the Reconciliation Module can take a while or sometimes even get stuck and never complete. I imagine we don't have nearly as many entities as some larger companies. I believe there is some room for improvement there.
- FloQast has definitely streamlined workflows in the two year I've been using it at this company. FloQast is a large part of the reason we've been able to shorten our close process by several days!
FloQast's implementation with NetSuite saves us countless hours with monthly account reconciliations. Monthly account balances are automatically populated from NetSuite which is then automatically compared to the balance we tag in our account reconciliation excel file. Having an overview of which accounts are already reconciled and which accounts need to be reconciled cuts down on unnecessary communication.
I do not have any experience with FloQast's audit readiness tools within our business so I am not able to give an opinion on that.
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?
I wasn't involved with the selection/purchase process
Did implementation of FloQast go as expected?
I wasn't involved with the implementation phase
Would you buy FloQast again?
Yes