Item: FloQast
Rating: 8
Author: Verified User

Overall Satisfaction with FloQast

Use Cases and Deployment Scope

Our company uses FQ heavily for month end close purposes. It helps to track the status of various monthly reconciliations and tasks as part of month end close. It is helpful to track reviews with the preparer and reviewer sign off function. We also use it as support for audit requests.

Pros and Cons

Pros

Linking to Netsuite data
Helping to track monthly reconciliations
Preparer and reviewer sign off functions

Cons

Re-syncing can sometimes take a long time. Automatic background refreshes would be helpful.
Review notes can sometimes be easily missed

Return on Investment

Helpful for tracking month end close

Automation

FQ has been helpful to have a centralised platform that can be used by cross functional teams to track reconciliations, tasks, and reviews.

Audit Readiness

Haven't used these tools

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?

I wasn't involved with the implementation phase

Would you buy FloQast again?

Yes

Other Software Used

Coupa, NetSuite ERP

Likelihood to Recommend

FQ is well suited to tracking the status of monthly reconciliations and tasks, as well as tracking sign off on tasks by the preparer and reviewer.
FQ is less appropriate for viewing support files within FQ. It is easier to view these offline in excel.

FloQast Feature Ratings

Comments

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Helpful for month-end close