Ensure your multi entity accounting close is on track
January 02, 2024

Ensure your multi entity accounting close is on track

Michael Dim, CPA | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close
  • FloQast Flux

Overall Satisfaction with FloQast

Currently use FloQast to manage account reconciliations for multiple entities (preparer / reviewer) and month over month variance analysis.
  • GL Integration
  • Reporting
  • Compliance
  • Variance analysis only shows 2 months. Really would like to see a trend of at least 3 months
  • Wish in refreshing the variance analysis you can refresh multiple companies / reports at once.
  • Wish child entity variance analysis would post on the face of the consolidated entities.
  • Completeness and compliance for account reconciliations
  • Month over month variance analysis to ensure accuracy
  • Checklists to ensure nothing is missed
Have not really used much automation within FloQast besides the inherent ability for FloQast to read a ledger balance and compare it to an excel reconciliation balance.
Have used FloQast from a PBC perspective mainly to show support of controls.
We primarily use FloQast for close and variance analysis whereas we use Monday for project tracking including Audit PBC

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

Very well suited to manage the accounting close process.

FloQast Feature Ratings

Financial data consolidation
9
Journal entries and reports
7
Multi-currency management
Not Rated
Detailed Audit Trails
5
Reconciliation Automation
8
Close Checklist
8
Customizable Workflows
Not Rated