Item: FloQast
Rating: 7
Author: Verified User

Use Cases and Deployment Scope

I use it for reconciling our balance sheet accounts. WE also use the form in order to keep track of our month task.

Pros and Cons

letting us know when this have become off balance
Keeping Track of our to do list

that transaction that change the reconciliation
To notify of new comments

Return on Investment

Floqast has improved the visibility of completion of month end task

I only use the Reconciliation Management and this has been great, to get notified once something is out of balance. This also, keeps us on track for reconciliation being 100% completed with oversight (approvals).

Audit Readiness

FloQast helps by showing we do have internal controls and a review process for each account with the back up.

Key Insights

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

Other Software Used

NetSuite ERP, Stripe

Likelihood to Recommend

This was the first company that has Floqast and I have enjoyed it.
It is very suitable for tracking purposes and keeping the team aligned with timing and approvals for the month end close.

It is not perfect because we cannot dive into what makes an account out of balance after it is already approved. Also, it doesn't have analytics tied with it.

Easy to use and great for tracking the progress of the Month End Close Activities also Reminders!

Modules Used

Overall Satisfaction with FloQast