Item: FloQast
Rating: 9
Author: Verified User

Overall Satisfaction with FloQast

Use Cases and Deployment Scope

We use FloQast in our month-end close process. FloQast helps our team stay organized and on task while closing the month. FloQast also helps us stay in compliance with well documented sign-offs with time stamps and connection with our cloud-based storage. FloQast integrates with NetSuite as well which helps with our reconciliations each month.

Pros and Cons

Pros

Tracking deadlines
Calling out variances between schedules and GL
Team Collaboration

Cons

Variance Analysis Capabilities
Customization of Dashboards

Return on Investment

Improved team collaboration
Improved visibility
Standardized processes

Alternatives Considered

BlackLine and Numeric

The User Interface and implementation were the key drivers for choosing FloQast compared to BlackLine.

Key Insights

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?

Yes

Would you buy FloQast again?

Yes

Other Software Used

NetSuite ERP

Likelihood to Recommend

FloQast is quite suitable where the management wants to maintain their books of accounts to be very accurate through continuous and detailed sign-off mechanisms for account reconciliations and a checklist of activities to be followed for the period close (monthly, quarterly, annual, etc.) This will ensure the good quality of account records that will support management during the various audit purposes.

FloQast Feature Ratings

Comments

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Excellent user-friendly tool to help with Close and reconciliation Process

Modules Used