Precision month closes with FloQast
December 29, 2023
Precision month closes with FloQast
Score 10 out of 10
Vetted Review
Verified User
Modules Used
- FloQast Close
- FloQast AutoRec
Overall Satisfaction with FloQast
We use FloQast in our firm across several clients to manage month close and to improve our workflow and review process. It has become the software I rely on most to know the status of my client work each month. The longer you use it, the more benefit it gives you as you can see the analytics of the close on each of your clients to identify bottlenecks in the process.
- workflow management
- document storage organization
- user friendly for all user levels
- reporting (but they are working on it)
- Being cloud based, the loading times alone save our firm a ton of time
Reconciliation management has been a useful tool in ensuring that our monthly reconciliations stay up to date, even when the numbers start to change. The ReMind tool is also fantastic, and saves you from having to remember to send out the same request over and over. It doesn't seem to bother clients, and we have had an over 80% response rate on those requests.
FloQast does allow auditors to access, however our IT does not allow for that. The setup we have in OneDrive though makes it easy to just take a reconciliation and drop it into whatever online portal the auditors use. This was a huge time savor for me, and on top of that you can easily provide one document that shows all the sign off detail for auditors to review.
- Netgain Technology and LLC
NetClose (from NetGain) is pretty similar and is also a great tool. For a single company that uses NetSuite, NetClose can be a great option, however FloQast has more features like ReMind and aurorecs that NetClose does not have. For a CAS firm, it is a no brainer though, FloQast connects to more accounting systems and that makes it the obvious choice.
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