FloQast makes life easy for month end closing
August 19, 2025

FloQast makes life easy for month end closing

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Modules Used

  • FloQast Close
  • FloQast Flux

Overall Satisfaction with FloQast

We use FloQast for monthly closing activities tracking and accounts reconciliations. FloQast sync to our accounting system, making it easy to track reconciliations status. Since using the FloQast, there is no more need to manually update TB in recon workpaper when balance changed during reconciliation process, which makes it more efficient for closing activities.

Pros

  • Auto update account balance since it is Sync to accounting system
  • Dashboard in homepage helps to get high level of closing progress
  • Filters help to check for accounts quickly
  • AI technology applied in Flux Analysis

Cons

  • Sync to accounting system sometimes take more time than expected
  • YoY Flux Analysis seems don't have AI applied and still need staff to do more detailed analysis
  • FloQast wont identify accounts missed out and need manual setup amendment to add those missed
  • Streamlines closing workflow
  • Better visibility across region for closing progress
  • Better team collaboration to access the same platform to perform closing activities
Reconciliation Management makes it easy to track all accounts reconciliations, it auto sync to accounting system and update balance accordingly. it greatly reduced time to manual update TB balance during reconciliation process. It provides clear category for accounts and filtering make it quick to just check accounts in interest for further investigation.
We don't use FloQast audit readiness tools. Mainly use Reconciliation Management tool currently.

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

FloQast makes closing activities tracking and reconciliations more efficient and good visibility for status tracking. Flux Analysis only applies to current Vs historical compare. Not sure whether it can also apply to budget Vs actual analysis.

FloQast Feature Ratings

Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Detailed Audit Trails
7
Reconciliation Automation
8
Close Checklist
8
Customizable Workflows
8

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