FloQast Features
What are the features of FloQast?
Reconciliation
- Consolidation
- Management
- Accounting
Reporting
- Report Types
- Standard
- Custom
Closing Process
- Audit
- Journal Entries
- Distribution
Reconciliation - Financial Reconciliation
- Automation
Audit - Financial Reconciliation
- Accuracy
- Compliance
- Reporting
Integrations - Financial Reconciliation
- Accounting
User Permissions and Security - Financial Reconciliation
- Access
FloQast Categories on G2
Filter for Features
General Ledger
Journal Entries | Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source. 148 reviewers of FloQast have provided feedback on this feature. | 66% (Based on 148 reviews) | |
Tags / Dimensions | Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon. This feature was mentioned in 154 FloQast reviews. | 74% (Based on 154 reviews) | |
Audit Trail | Based on 168 FloQast reviews. Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record | 83% (Based on 168 reviews) |
Other Functionality
Multi-Entity / Consolidation | Based on 146 FloQast reviews. Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations | 71% (Based on 146 reviews) | |
Recognition Rules | As reported in 143 FloQast reviews. Automates recognition of revenue and expenses by defining recognition rules. | 65% (Based on 143 reviews) | |
Reconciliations | Transactions are imported from source systems and automated matching reconciles majority of transactions. Includes user flexible, user defined matching and grouping rules to help reduce the time needed to produce accurate reconciliations. 172 reviewers of FloQast have provided feedback on this feature. | 91% (Based on 172 reviews) |
Reporting & Analytics
Financial Statements | As reported in 135 FloQast reviews. General reporting offered covers all of the standard financial statements and meets the basic needs of the business | 67% (Based on 135 reviews) | |
Custom Reporting | As reported in 135 FloQast reviews. Reports created by the user to cater to specific requirements. If you can build it in Excel, you can build it in the custom report writer | 67% (Based on 135 reviews) | |
Dashboards | An easy to read, often single page, real-time user interface, showing a graphical presentation of the current status and historical trends of an organization's Key Performance Indicators (KPIs) to enable instantaneous and informed decisions to be made at a glance 154 reviewers of FloQast have provided feedback on this feature. | 87% (Based on 154 reviews) |
Platform
Customization | As reported in 155 FloQast reviews. Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views. | 76% (Based on 155 reviews) | |
Workflow Capability | Automates a process that requires a series of steps that typically require intervention by several different users. Administrators can write rules to determine who and when a user needs to complete a step. Also includes notification of users when they need to take action. 163 reviewers of FloQast have provided feedback on this feature. | 85% (Based on 163 reviews) | |
User, Role, and Access Management | As reported in 169 FloQast reviews. Grants access to select data, features, objects, etc. based on the users, user role, groups, etc. | 88% (Based on 169 reviews) | |
Internationalization | As reported in 135 FloQast reviews. Enables users to view and transact business with the same content in multiple languages and currencies. | 73% (Based on 135 reviews) | |
Performance and Reliability | As reported in 169 FloQast reviews. Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took. | 90% (Based on 169 reviews) | |
Output Document Generation | Based on 134 FloQast reviews. Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.
| 75% (Based on 134 reviews) |
Integration
Data Import and Export Tools | Ability to input, modify and extract data from the application in bulk through a structured file. 151 reviewers of FloQast have provided feedback on this feature. | 81% (Based on 151 reviews) | |
Integration APIs | Based on 143 FloQast reviews. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications. | 76% (Based on 143 reviews) | |
Breadth of Partner Applications | Based on 129 FloQast reviews. To what extent are there partner applications readily available for integrating into this product? Partner applications typically provide complementary, best of breed functionality not offered natively in this product. | 71% (Based on 129 reviews) |
Cash Flow
Track Cash Flow | Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds. 120 reviewers of FloQast have provided feedback on this feature. | 61% (Based on 120 reviews) | |
Income and Expenses | As reported in 121 FloQast reviews. Add one-time or recurring cash flow items and add line items for each payment or deposit. | 63% (Based on 121 reviews) | |
File Exports | Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. 124 reviewers of FloQast have provided feedback on this feature. | 73% (Based on 124 reviews) |
Budgeting & Forecasting
Data Import | Import trial balance, monthly P&L, balance sheets, and other types of financial data This feature was mentioned in 125 FloQast reviews. | 74% (Based on 125 reviews) | |
Versioning | As reported in 120 FloQast reviews. Keeps track of all versions of a budget and allows users to compare versions | 62% (Based on 120 reviews) | |
Historical Data | Forecasting is based on past transactions and historical financial or operational data This feature was mentioned in 121 FloQast reviews. | 69% (Based on 121 reviews) |
Revenue
Revenue Types | Based on 118 FloQast reviews. Supports multiple types of revenues, such as recurring and transaction based | 62% (Based on 118 reviews) | |
Revenue Allocation | Based on 118 FloQast reviews. Allows users to allocate revenues to various business entities or departments | 60% (Based on 118 reviews) | |
Scheduling | Automatic scheduling to ensure that revenue is recognized at the proper time 119 reviewers of FloQast have provided feedback on this feature. | 64% (Based on 119 reviews) |
Reconciliation
Consolidation | Based on 576 FloQast reviews and verified by the G2 Product R&D team. Data from multiple systems can be centralized into a single repository | 83% (Based on 576 reviews) | |
Management | Based on 637 FloQast reviews and verified by the G2 Product R&D team. Financial information can be imported from multiple sources such as spreadsheets, text files, or databases | 88% (Based on 637 reviews) | |
Accounting | Based on 673 FloQast reviews and verified by the G2 Product R&D team. Match invoices, payments, and bank statement information | 87% (Based on 673 reviews) |
Reporting
Report Types | Based on 569 FloQast reviews and verified by the G2 Product R&D team. Provide multiple types of reports such as point-in-time snapshot reports, or year over year | 79% (Based on 569 reviews) | |
Standard | Based on 573 FloQast reviews and verified by the G2 Product R&D team. Offers standard financial reports out of the box | 81% (Based on 573 reviews) | |
Custom | Based on 515 FloQast reviews and verified by the G2 Product R&D team. Allows users to edit reports and to combine multiple reports | 78% (Based on 515 reviews) |
Closing Process
Audit | Based on 596 FloQast reviews and verified by the G2 Product R&D team. Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals. | 88% (Based on 596 reviews) | |
Journal Entries | Based on 539 FloQast reviews and verified by the G2 Product R&D team. Adjusts journal entries in order to have an accurate balance sheet and income statement | 79% (Based on 539 reviews) | |
Distribution | Based on 467 FloQast reviews and verified by the G2 Product R&D team. Financial statements and statistical reports (such as KPI) can be assembled into financial packages | 78% (Based on 467 reviews) |
Payroll
Direct Deposit | Automatically deposits paychecks into employees' bank accounts. 104 reviewers of FloQast have provided feedback on this feature. | 47% (Based on 104 reviews) | |
Check/W-2 Printing | Based on 101 FloQast reviews. Allows administrators to print valid paychecks and W-2 forms. | 44% (Based on 101 reviews) | |
Tax Calculation | Based on 100 FloQast reviews. Calculates taxes due and may include resources or tools for federal and state tax compliance. | 46% (Based on 100 reviews) | |
Reporting and Dashboards | Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes. This feature was mentioned in 106 FloQast reviews. | 70% (Based on 106 reviews) |
Generative AI
AI Text Summarization | Condenses long documents or text into a brief summary. | Not enough data | |
AI Text Generation | Allows users to generate text based on a text prompt. | Not enough data |
Reconciliation - Financial Reconciliation
Automation | Automates the process of comparing financial transactions between different accounts, statements, or systems This feature was mentioned in 208 FloQast reviews. | 79% (Based on 208 reviews) | |
Bank Statements | Helps match transactions recorded in the company's books with those in the bank statement This feature was mentioned in 196 FloQast reviews. | 68% (Based on 196 reviews) | |
Exceptions | Alerts users when exceptions and discrepencies can't automatically be resolved 194 reviewers of FloQast have provided feedback on this feature. | 76% (Based on 194 reviews) | |
Algorithms | As reported in 191 FloQast reviews. Uses algorithms, such as rule-based matching, fuzzy logic, or machine learning techniques to help with comparing large sets of data | 66% (Based on 191 reviews) |
Audit - Financial Reconciliation
Accuracy | As reported in 206 FloQast reviews. Ensures that financial records are accurate and precise, reducing the chances of errors that could lead to audit issues | 87% (Based on 206 reviews) | |
Compliance | Meets industry-specific compliance requirements and supports regulatory standards 207 reviewers of FloQast have provided feedback on this feature. | 84% (Based on 207 reviews) | |
Reporting | Offeres customizable reporting features to provide a clear overview of the financial reconciliation process and any issues that may need attention 201 reviewers of FloQast have provided feedback on this feature. | 77% (Based on 201 reviews) | |
Audit Trail | As reported in 200 FloQast reviews. Provides a detailed history of reconciliations and supports the accuracy of financial records | 87% (Based on 200 reviews) |
Integrations - Financial Reconciliation
Accounting | Integrates with accounting platforms to allow the import and reconciliation of financial data This feature was mentioned in 207 FloQast reviews. | 86% (Based on 207 reviews) | |
Inventory | As reported in 183 FloQast reviews. Integrates with inventory management systems to help reconcile financial data related to product movements, purchases, and sales | 60% (Based on 183 reviews) | |
ERP | Integrates with ERP systems to reconcile financial data across various modules and departments This feature was mentioned in 197 FloQast reviews. | 75% (Based on 197 reviews) | |
Banking | Based on 187 FloQast reviews. Integrates with banking systems to import and match bank transactions | 61% (Based on 187 reviews) |
User Permissions and Security - Financial Reconciliation
Access | As reported in 200 FloQast reviews. Offers role-based access control (RBAC) allowing administrators to define roles with specific sets of permissions | 82% (Based on 200 reviews) | |
Authentication | Uses features such as multi-factor authentication (MFA) to help ensure that only authorized users can access the software This feature was mentioned in 197 FloQast reviews. | 82% (Based on 197 reviews) | |
Encryption | Has encryption techniques to prevent unauthorized access or interception of data This feature was mentioned in 188 FloQast reviews. | 76% (Based on 188 reviews) | |
Regulations | Based on 192 FloQast reviews. Complys with regulations and standards, such as Sarbanes-Oxley (SOX), GDPR, or HIPAA | 77% (Based on 192 reviews) |
Workflows - Audit Management
Audit Trail | Based on 13 FloQast reviews. Displays all the changes made during audits, including details such as username, timestamp, or type of change in a centralized repository. | 91% (Based on 13 reviews) | |
Recommendations | Based on 12 FloQast reviews. Coordinate and track recommended remediation actions. | 82% (Based on 12 reviews) | |
Collaboration Tools | As reported in 12 FloQast reviews. Facilitates collaboration between teams and stakeholders through shared workspaces. | 81% (Based on 12 reviews) | |
Integrations | Based on 12 FloQast reviews. Integrates with risk management platforms, GRC tools, and other systems. | 53% (Based on 12 reviews) | |
Planning & Scheduling | Facilitates the creation of audit plans, schedules, and reminders. This feature was mentioned in 11 FloQast reviews. | 68% (Based on 11 reviews) |
Documentation - Audit Management
Templates & Forms | Provide out of the box audit templates and forms for various processes and industries. 11 reviewers of FloQast have provided feedback on this feature. | 71% (Based on 11 reviews) | |
Checklists | Provides checklists 12 reviewers of FloQast have provided feedback on this feature. | 82% (Based on 12 reviews) |
Reporting & Analytics - Audit Management
Dashboard | Dashboard provides real time or near real time updates and notifications in a centralized location. 11 reviewers of FloQast have provided feedback on this feature. | 71% (Based on 11 reviews) | |
Audit Performance | Provide information on the performance of the audit activities and processes. This feature was mentioned in 11 FloQast reviews. | 71% (Based on 11 reviews) | |
Industry Compliance | Ensures audits are compliant with industry-specific regulations and standards. 11 reviewers of FloQast have provided feedback on this feature. | 73% (Based on 11 reviews) |
AI
Data Extraction | Uses AI to automatically input data from receipts, invoices, and other documents This feature was mentioned in 29 FloQast reviews. | 53% (Based on 29 reviews) | |
Invoice Processing | As reported in 27 FloQast reviews. Uses AI to generates, send, and track invoices | 49% (Based on 27 reviews) | |
Expense Management | Based on 26 FloQast reviews. Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns | 50% (Based on 26 reviews) | |
Fraud Detection | Based on 25 FloQast reviews. Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time | 51% (Based on 25 reviews) | |
Tax Compliance | Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns 25 reviewers of FloQast have provided feedback on this feature. | 47% (Based on 25 reviews) | |
Support Chatbots | Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports 24 reviewers of FloQast have provided feedback on this feature. | 51% (Based on 24 reviews) | |
Bank Reconciliations | Uses AI to match transactions recorded in the accounting system with those in bank statements This feature was mentioned in 26 FloQast reviews. | 61% (Based on 26 reviews) | |
Report Generation | Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business This feature was mentioned in 25 FloQast reviews. | 51% (Based on 25 reviews) | |
Customizable Alerts | As reported in 26 FloQast reviews. Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances | 56% (Based on 26 reviews) | |
Predictive Analytics | Uses AI to analyze data to identify trends and make predictions This feature was mentioned in 27 FloQast reviews. | 51% (Based on 27 reviews) |
Mobile Applications - Accounting
Cloud Integration | Enables synchronization of accounting data across devices in real-time | Not enough data | |
Notifications | Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines | Not enough data | |
UI | Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables | Not enough data | |
Offline | Allows users to view and update certain data without an internet connection | Not enough data | |
Expense Tracking | Allows users to capture and upload expense receipts directly from mobile devices | Not enough data | |
Invoice Management | Enables creation, editing, and sending of invoices | Not enough data |
