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FloQast Reviews & Product Details - Page 2

FloQast Overview

What is FloQast?

FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 3,000 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

FloQast Details
Product Website
Languages Supported
English
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Product Description

Streamline your financial close process and manage all the moving parts by connecting your process, people and reconciliations in the cloud. Learn more.

How do you position yourself against your competitors?

Created by and for accountants, FloQast works the way your team does--with your existing checklists and Excel. Requiring minimal to no training, the intuitive, easy to use solution deploys in a matter of weeks. FloQast typically pays for itself in just ten months.

See how FloQast compares to legacy solutions: https://floqast.com/floqast-vs-blackline/.


Seller Details
Seller
FloQast
Company Website
Year Founded
2013
HQ Location
Los Angeles, CA
Twitter
@FloQast
1,524 Twitter followers
LinkedIn® Page
www.linkedin.com
777 employees on LinkedIn®
Description

FloQast is a provider of accounting workflow automation software designed to help finance teams streamline their month-end close processes and improve overall efficiency. Their platform offers tools for close management, account reconciliation, documentation, and reporting, enabling teams to collaborate effectively and maintain accuracy. FloQast integrates seamlessly with popular ERP systems and accounting tools, empowering organizations to achieve faster closes, enhance visibility, and ensure compliance.


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Overview Provided by:

Recent FloQast Reviews

LM
LJ M.Mid-Market (51-1000 emp.)
4.5 out of 5
"FloQast as improved our closing processes immensely"
Using FloQast has helped to improve our closing processes. A great benefit to this is that these processes are formalized in a way that if we expe...
LT
Logan T.Mid-Market (51-1000 emp.)
5.0 out of 5
"Exceptional Month-end Close Tool"
FQ give me the ability to see our close progress at a consolidated level and drill down to the reconciliations and supporting detail. This was sore...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
3.5 out of 5
"I find it at times difficult to locate support to reconciliations."
keep track on due dates and tasks assigned to me.
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FloQast Media

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Video Reviews

1,262 FloQast Reviews

4.6 out of 5
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1,262 FloQast Reviews
4.6 out of 5
1,262 FloQast Reviews
4.6 out of 5

FloQast Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for FloQastQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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LA
Sr Dir, Finance
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about FloQast?

Floqast has been a game-changer for our very small accounting team! We're able to manage the close cycle closely, manage reconciliation completeness, and keep the process tight and efficient. We are very happy with the functionality! We also really appreciate the proactive nature of the support we receive from FloQast, and the continued expansion of product functionality. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

The pricing, in my opinion, should include the optional but highly useful product features (autorec, fixed assets module etc) without having to pay a premium. Ultimately, we decided they are worth the cost, but the full product suite pricing could have been more transparent. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

Our close process prior to FloQast was long, incomplete, and contained in multiple folders/directories. FloQast has allowed us to consolidate these efforts, and the roll-forward feature each month has been highly beneficial in maintaining tidiness. Review collected by and hosted on G2.com.

AS
Staff Accountant
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about FloQast?

Being able to fliter what needs to be done during a busy momment. It was very easy to learn and implament after a few meetings going through the working of the website during its introductiuon. When we have had issues we were always able to reach out for help and guidence. Alos, being able to see what accounts need to be reconciled made the final days for close easy. I enjoy being able to log in through out the day to keep track of whats going on. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

When refreshing folders after uploading it can take up to 30 minuets to complete. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

It is helping to keep tarck of what needs to be done and what has been done and when. Also it is helping with reconciliations of accounts and if any need updated. Review collected by and hosted on G2.com.

AI
Accountant
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
What do you like best about FloQast?

What I liked least about FloQast was that the initial setup and customization required a significant time investment, particularly for organizations with complex accounting processes. Additionally, while the platform is powerful, there were occasional issues with syncing data from certain accounting systems, which could cause minor delays in the closing process. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

What I liked least about FloQast was the initial learning curve for the team. While the platform is user-friendly, getting everyone up to speed took some time. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

FloQast addresses several key challenges in our accounting processes. One major problem it solves is the inefficiency of the month-end close. By automating reconciliations and streamlining workflows, it has significantly reduced the time and effort required to complete our close process.

Additionally, FloQast enhances collaboration within the team, ensuring everyone is aligned and accountable for their tasks. This transparency has minimized miscommunication and errors, leading to more accurate financial reporting.

The benefit of these improvements is twofold: we not only save time and reduce stress during the close, but we also gain greater confidence in our financial data, which supports better decision-making within the organization Review collected by and hosted on G2.com.

CM
Financial Systems Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about FloQast?

I do like the fact that you can set multiple flows in the app, to monitore the monthle closing of your organization. In addition, you have everything that you need to show the existance of intenal controls in a single tools. Which help you in the wholw audit process, even if that refering to intenal or external ussers. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

I dislike the fact that there is no way from the app to join in a combinated view the analis from the diferent flows. This limits the view that users like the Controller or the Financial oficers, can have in organization that has multiple segments o rflows. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

Measuring the results, and identify parts of the flow that need to be improved. Review collected by and hosted on G2.com.

AG
Director of Finance
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about FloQast?

FloQast is very intuitive and user-friendly, in addition there are several resources (guides, videos, email) readily available to assist if a question does come up. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

One feature that I think would be very helpful to add to the software would be the ability to restrict access to certain users within a given entity's close checklist. Although there are "work arounds" and you can create a separate checklist to store sensitive documents that only a limited number of users would have access to, it then creates a separate checklist. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

FloQast centralized our document storage and created a seemless way to hold everyone accountable. The transparency between different users/groups has led to a shortening of our close timeline since implementation. Review collected by and hosted on G2.com.

DM
Accounting Quality Control Supervisor
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about FloQast?

Simplicity, speed and ease of use. Integration with SAP. Maybe the best customer support so far. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

No downsides identified so far. Sometimes, it's not super straightforward to take action after a review note is assigned. For example, I get a review note assigned to change something on a checklist task and I am re-directed to the Folders menu, where I am not able to click on the settings/change task button which is available on the Checklist menu. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

FloQast is bringing all closing tasks, responsible people and deadlines in one place, easy-to-access/see/analzye. It highlights areas of improvement by easily identifying missing/late/unreconciled items. It also incentivizes responsible users do their tasks properly and on time. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about FloQast?

FloQast has demonstrated industry leading qualities from start to finish. In the sales portion of the experience, FloQast members shared genuine interest in helping us solve problems rather than just pushing us to signing a contract. Once implementation begun, we were assigend a rep that helped us not only set up the product, but guided us in a way to also think critically about how our business practices could evolve throughout. The implementation was incredibly easy and our rep kept me (as an admin) in the loop throughout to ensure I was able to continue supporting the software once the implementation phase had concluded. FloQast takes customer feedback seriously and rolls out additional features frequently based on feedback received. In total, after 6 months of use, the time to complete our close has decreased by 60% and we are more confident in the accuracy of the underlying data than ever before. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

FloQast is incredibly flexible and our company has been able to find many "work arounds" for some complex hurdles and reporting requirements. My only critique of FloQast would be having a larger pool of comprehensive "out of the box" solutions. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

Our company had a problem with enforcing standardization across multiple entity types and reporting requirements, while also encouraging efficiencies. FloQast has not only allowed us to create standardization, but encourage cross training (i.e. people from different teams can easily help with one-off tasks by following the layout in FloQast). We have also been able to evaluate the close process in terms of completion timelines to identify bottleneck processes that need additional atention. Review collected by and hosted on G2.com.

Verified User in Accounting
AA
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about FloQast?

FloQast is a fantastic software for month closes processes and for overall workflow management. I have been using it for almost 5 years and every year they continue to add new features to streamline processes. If you use a software that connects directly (like NetSuite, QBO, or Intacct among others) then this is the absolute #1 software to use. It is more flexible than something like Blackline, but with features that they are adding (like journal entries pushed to the accounting software) I feel like FloQast is closing any gaps while maintaining its flexibility on workpapers that I feel works well for small to larger mid-market companies. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

The downside of being so innovative and constantly adding features is that some features can be a little buggy at first (never for long) and sometimes features can get updates when you don't expect it. They always have a pop up to inform on new features or changes as they are released. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

FloQast is first and foremost a top notch month close management software, but it has been improving to allow you to use it as a general workflow management software as well. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
UC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about FloQast?

FloQast has changed the way our quarterly deliverables are organized, analyzed and reviewed. Throughout the past several years we've expanded our use to incorporate all tasks, not those just completed for the quarter end binder that are required by the team. This allows for seamless transition to new staff or transferring staff and confirms no deliverables are missed. What we like most about FloQast is their ability to listen to their customers and make changes or improvements to the platform. The platform has an extremely friendly interface that makes implementation and daily use easy, so as we expand the program to other departments that has been a big sell. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

To our team, there is no downside of using FloQast, I just wish we were setup to use more of the platforms abilities. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

Reconciling underlying workbooks to the daily imported trial balance confirming documents are complete and accurate. Compiling all tasks with appropriate deadlines confirming no deliverables are missed. Review collected by and hosted on G2.com.

MC
Finance Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about FloQast?

Since our first meeting with the FloQast team, we have been amazed by the product and the team involved! Tracking our month-end close and recs has never been easier. The system is so easy to use; they have thought of everything! The follow-up on suggestions for improvements has also been impressive. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

We are yet to find any dislikes about FloQast. If we have any issues they are answered swiftly and suggestions have been added to the system within a couple of months. Review collected by and hosted on G2.com.

What problems is FloQast solving and how is that benefiting you?

Tracking our month-end close and completing/reviewing balance sheet reconciliations. We have found FloQast helpful for identifying issues within our reconciliations to be resolved in a timely manner. Review collected by and hosted on G2.com.