Item: FloQast
Rating: 10
Author: Verified User

Overall Satisfaction with FloQast

Use Cases and Deployment Scope

We have 10 operating companies and it's been very difficult to track the status on everybody's month-end close. FloQast has been a huge help for us in this regard, because we can very easily go in and see how each company is progressing, and allows us real-time visibility into what roadblocks people are running into and how we can support them.

Pros and Cons

Pros

Month-end close - very easy to track the status
Organization - very easy to locate documents and reconciliations pertaining to a particular account
Preparer/Reviewer - very easy to tell who is assigned which tasks.

Cons

Honestly not much, I really enjoy using it and it's been a huge timesaver!

Return on Investment

Reduction in close time by several weeks in some cases for some of our companies
Better visibility into close by management

Automation

It's helped reduce our time to close by a couple weeks at least. Has made it very clear to each employee what their responsibilities are, what's expected of them, has given everybody accountability. We love it.

Audit Readiness

When the auditors were requesting our items at year-end, was suuuuper easy to just drag and drop everything from FloQast and give it to them, because it was all saved and organized and easy to find.

Alternatives Considered

N/A, no others reviewed.

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?

Yes

Did implementation of FloQast go as expected?

Yes

Would you buy FloQast again?

Yes

Other Software Used

NetSuite ERP, QuickBooks Desktop Enterprise

Likelihood to Recommend

Very good for managing month-end close, especially with multiple subsidiaries. Very helpful, especially with lots of team members across the country, in being able to track where everything is at, how each team member is progressing in their tasks, etc. Might not be as helpful for a small team, but even then I could still see it being beneficial.

FloQast Feature Ratings

Comments

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