Floqast for the rescue
September 20, 2023

Floqast for the rescue

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close
  • FloQast AutoRec

Overall Satisfaction with FloQast

It helps to simplify the accounts close, reconciliations and track progress of tasks. Also automates many of the manual tasks associated with closing the books each month, such as reconciling accounts, preparing financial statements, and tracking progress. It Improves accuracy and reduces errors. With the help of automation FloQast reduces the risk of errors and ensures that all necessary tasks are completed on time.
  • Task Management
  • Financial Reporting
  • Workflow Automation
  • Integration with other financial systems
  • Customization options
  • Speed of user interface functions
  • By automating manual tasks and streamlining financial close processes, It helps the accounting teams work more efficiently, allowing them to focus on higher-value activities
  • FloQast's platform helps to reduce errors in financial reporting, ensuring that the company maintain compliance and avoid costly mistakes.
  • By accelerating financial close processes, FloQast helps the company to close the books faster, enabling us to report financial results more quickly.
FloQast's automation tools have a significant impact on our business by reducing the time and effort required for manual tasks, improving accuracy, and enabling faster decision-making. By automating routine tasks such as reconciling accounts and preparing financial statements, our accounting team can focus on more strategic activities that add value to the business. This has resulted in increased productivity, reduced costs, and improved efficiency. Additionally, the platform's real-time visibility into financial data helped the business to make better-informed decisions about resource allocation, budgeting, and other critical activities.
FloQast's audit readiness tools have a significant impact on the business by streamlining the audit process and improving compliance. The platform's automated workflows and centralized documentation helps our accounting team to prepare for audits more efficiently, reducing the time and effort required for manual tasks such as gathering documentation and reconciling accounts.

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?

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

FloQast is a great fit for large accounting teams that need to manage multiple accounts and reconcile transactions efficiently. Also it can help companies with complex financial reporting requirements, such as those with multiple entities or international operations. In addition to that, FloQast can help companies in highly regulated industries to maintain compliance and ensure accuracy in their financial reporting.

FloQast Feature Ratings

Financial data consolidation
Not Rated
Journal entries and reports
8
Multi-currency management
8
Detailed Audit Trails
10
Reconciliation Automation
10
Close Checklist
10
Customizable Workflows
7