Accountant's Best Friend during Month End Close
March 04, 2024

Accountant's Best Friend during Month End Close

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

Modules Used

  • FloQast Flux
  • FloQast Close

Overall Satisfaction with FloQast

We use FloQast to manage our month end close tasks and reconciliations for multiple entities. It is integrated with our accounting software to ensure that are schedules match what is in our financials. We also use the Variance Analysis module to comment on and present analysis on month over month variances on our PL and BS to our CFO. Overall FloQast made managing month end close and the various tasks that make it up so much easier.
  • Analyzing workload
  • Tracking deadlines
  • Calling out variances between schedules and GL
  • Notifications of your items due that day
  • Improved team collaboration
  • Improved visibility of bottleneck processes
We have been mainly using Flux Analysis and it has greatly improved how we present financial results and call out any variances month over month.
Since it connects to our accounting software it has made the closing process much better than any other tools.

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

Great if you have a larger team and/or need to manage the month end close process of multiple entities.

FloQast Feature Ratings

Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
Not Rated
Detailed Audit Trails
Not Rated
Reconciliation Automation
8
Close Checklist
10
Customizable Workflows
10