FloQast is a game changer! Significant time savings and confidence in completion of month end tasks.
December 29, 2023
FloQast is a game changer! Significant time savings and confidence in completion of month end tasks.
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- FloQast Close
- FloQast AutoRec
Overall Satisfaction with FloQast
FloQast has become an instrumental tool in our monthly close process. We have our monthly checklist, as well as all balance sheet reconciliations housed in FloQast. It has alllowed us to streamline our close process and created awareness around where we are at in the process. Additionally, we utilize the AutoRec functionality to reconcile thousands of transactions per month. We are primarily an e-Commerce business distributing products throughout the United States. We utilize the AutoRec feature to ensure that the cash we receive matches the revenue recorded for each of those transactions.
- The AutoRec feature is a massive time saver for high volume reconciliation.
- The monthly close checklist is very helpful to ensure nothing gets missed each period and create addiitonal accountability to due dates and completion dates.
- Being able to leave and assign notes on certain tasks helps ensure everyone is aligned and knows what is going on with each close.
- FloQast can continue to improve in notification settings and being able to determine when notifications are triggered. Currently, I get many teams notifications per day, including one at midnight every night.
- FloQast has allowed us to shorten our close by several business days
- FloQast AutoRec saves 100's of hours per month of time we would otherwise spend reconciling transactions.
FloQast Reconciliation Management has been an absolute game changer for our team. We have been able to continue operating while growing 20%+ year in volume without adding additional teammates as we are able to automation so much of our reconciliation process. Without FloQast, we were looking at adding additional headcount and personnel expense to be able to keep up with the increasing volume of transactions.
We have not utilized FloQast's audit report tools significantly to date. We are able to quickly pull reconciliations for all accounts and provide to the auditors as needed. This is an area of opportunity for us to utilize the software further and continue to increase our demonstration of internal controls and centralize supporting documentation. I look forward to exploring this further in future years.
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
FloQast Feature Ratings
Evaluating FloQast and Competitors
- Scalability
- Integration with Other Systems
- Ease of Use
The AutoRec functionality saved hundreds of hours per month for our team.