Excellent user-friendly tool to help with Close and reconciliation Process
April 08, 2024

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

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close

Overall Satisfaction with FloQast

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.
  • Tracking deadlines
  • Calling out variances between schedules and GL
  • Team Collaboration
  • Variance Analysis Capabilities
  • Customization of Dashboards
  • Improved team collaboration
  • Improved visibility
  • Standardized processes
We may not be using all the modules of FloQast but the maintenance of the checklist account reconciliations and flux analysis are indeed benefiting us in the timely closure of books of account regularly and running a business effectively.
The nature of FloQast is audit readiness. Helps us prepare for the audit all year long. Documenting Reconciliations, signing off on controls/tasks, etc.
The User Interface and implementation were the key drivers for choosing FloQast compared to BlackLine.

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

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

Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
10
Detailed Audit Trails
10
Reconciliation Automation
10
Close Checklist
10
Customizable Workflows
8