FloQast - The Superior Close Tool
October 03, 2024

FloQast - The Superior Close Tool

Leslie Ann Cunnane, CPA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close

Overall Satisfaction with FloQast

We use FloQast to help with our close process. FloQast has assisted with controls, transparency & accuracy. We currently use FloQast to complete reconciliations and checklist items each month. The platform is easy to use, updates quickly and is overall an effective platform to help us reach our goals. Prior to implementing FloQast we completed our reconciliations in excel and spent a lot of time completing this task across all accounts each month. I credit FloQast with our team reaching a 4.5 day close.

Pros

  • Reconciliations
  • Sign Off Controls
  • Transparency
  • Customer Service

Cons

  • Quickly reviewing reconciliations without having to open a new window.
  • We now complete our close in 4.5 days and are heading toward 4 days. Prior to FloQast we were between 5-7 days. FloQast helped us reach a consistency that was difficult to have prior.
  • The transparency that FloQast has allowed for where we are in the close process has improved the timeliness of task completion and sign off.
  • The checklist tool has allowed for tasks to be more regulated and items to not go overlooked.
We currently use ReMind for several recurring monthly requests. We also use the auto reconciliation for any accounts that don't have a moving balance MoM. I think that anywhere you can add automation and open up time to spend on other tasks is value added.
We haven't relied too much on FloQast for audit. I am aware of the tools available and is definitely something we will consider in the future when we see a need.

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

It is clear that FloQast was created by accountants for accountants. The ease of use is excellent. It is great for keeping track of all your monthly checklist items, reconciliations and ongoing projects. We could use FloQast in more areas and I hope we do in the future.

FloQast Feature Ratings

Consolidation and Close
10.0
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Detailed Audit Trails
Not Rated
Reconciliation Automation
10
Close Checklist
10
Customizable Workflows
10

Using FloQast

7 - Accounting & Finance
  • Reconciliations
  • Close Checklist
  • Compliance Checklist

Comments

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