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FloQast Reviews & Product Details - Page 3

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
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MV
Senior Accountant
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 really like the accesibility that FloQast gives. It is very easy to use and the response of the customer support it impecable. Implementing into FloQast was very easy and quick process. We use FloQast every month for our close processes. I really like how it notifies me if an account goes out of balance. My favorite feature so far is probably the completeness check. We are currently building on our functions that we have available in FloQast and looking for new ways to use FloQast in our day-to-day processes. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

I do not dislike anything about FloQast. Review collected by and hosted on G2.com.

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

It keeps a clean close calendar with our reconciliations and checklists Review collected by and hosted on G2.com.

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

I like how easy it was to implement and how it is flexible around our needs. I like how they are continuously improving the platform and adding new features. I like how it gives our team visibility and tracking over our progress. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

I would like more affordable add-on modules. The cost isn't negligible, but it delivers value for us. Review collected by and hosted on G2.com.

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

It is solving the month end close progress check in process, allowing us to be comfortable over the completeness of what's been done, tracking SOX compliance, tracking FS Notes etc. review. It's keeping everyone on the same page and managing the project of our month end close. Review collected by and hosted on G2.com.

SH
Senior 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?

FloQast has been very helpful for keeping our team on track with our month end closing checklist. Being able to track items has helped our team streamline processes with dependencies. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

FloQast refresh times for running consolidated balance sheets are sometimes slower than anticipated. Each time an account reconcilation is updated, FloQast runs an entirely new balance sheet, which can take a while due to the number of companies we have. Review collected by and hosted on G2.com.

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

FloQast is helping us to identify when balances change after a reconcilation has been completed. Our company was previously using only excel for reconcilations, and sometimes a balance would change after a reconcilation had been completed and approved. Review collected by and hosted on G2.com.

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

FQ is great at organizing our month-end close tasks and monthly reconciliation. Works well with our auditors and accessibility. Customer Support is timely (a few hours, not days) and assists with problems effectively. We use every month to keep myself and my team on task. Enjoy the quarterly reviews with our account manager and help to continue to better or use of FloQast. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

OneDrive integration can be tricky when data is copied over or deleted, and folders can be easily dragged elsewhere. No way to lock or block from happening. Review collected by and hosted on G2.com.

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

Organized audit, month-end close, variance analysis and reconciliations. Review collected by and hosted on G2.com.

JM
Assistant Controller
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 super user friendly and intiutive. It helps makes your close process more efficient, streamlined, and organized. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

FloQast could improve how it handles foreign and consolidated currencies, as well as how documents are organized in G-drive when attached as support. Review collected by and hosted on G2.com.

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

It is very easy to administor the tool to update user changes as needed with inline admin edits. Additionally, it is easy to see how you are on track with close with assigned due dates for both checklists and reconcilations. Finally, dependencies on tasks help you clearly see what things need to be completed first. Review collected by and hosted on G2.com.

LL
Senior Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about FloQast?

Product development actually listens to their customers to continuously enhance the product. Secondarily, the functionality has been great for our use case. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

The system limitation whereas we can only have a certain amount of entities per log-in. That has caused multiple issues with our staff. Review collected by and hosted on G2.com.

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

The biggest problem the firm had was determining what work was needed vs. who was doing the work. There was no transparency on the work being done nor when it was being done. There were instances that our staff hadn't done any work on clients for months. Review collected by and hosted on G2.com.

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

We have been using FloQast for a little over a year and it has helped us shorten our close time to 4.5 days. Completing the reconciliations in FloQast has added efficiency and accuracy to our teams review. The platform has also added a level of transparency and controls that we did not have prior to implementing FloQast. I can't say enough good things about the platform and the added features that are being released. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

The only function I find inefficient to use is signing off on reconciliation. It would be great to see this just be a pop up window. Review collected by and hosted on G2.com.

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

FloQast adds controls, transparency, and efficiencies to our close process. Review collected by and hosted on G2.com.

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

I enjoy the UI and UX of the website. I am admin, though I do not specialize in IT. My role at my company is senior accountant. So easy to navigate and make changes. We recently added flux analysis program to our recon susbscription, and the presentations from the reports are very nice and easy to follow. No more manual processes! We are implementing to add one more feature to our subsriction called Remind. We are looking forward to the email campaigning and time this will save us. Highly recommended! Review collected by and hosted on G2.com.

What do you dislike about FloQast?

Integrating Oracle Fusion is not easy. We are still pushing TB to recons manually. This has more to do with Oracle than FQ. Chart of Accounts do not have an integration either, and when we have 20+ ledgers, it's time consuming to update each one manually.

Sometimes the close/flux module get mixed up and users don't easily understand how to get back to the recons. I am able to help with this and in reality, just takes practice and training. Otherwise, I don't have much else to dislike about FQ. Review collected by and hosted on G2.com.

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

We could not use ARCS with Oracle Fusion. That system was poorly designed and time consuming. This saves a lot of time and is easy to use. The reporting is also much easier to follow. Review collected by and hosted on G2.com.

LC
Senior Manager, Accounting
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about FloQast?

Intuitive interface. Smooth implementation. Ease of use. Relatively easy to manage. Expands on user features. Is customer oriented and addresses the challenges that acocunting team has. Reduces administrative burden for keeping track of close tasks and reconciliations. Integrates well with Netsuite ERP. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

Does not provide feature to open files up in Excel, or restrict access to opening up things in Gsheet (since incompatible excel formulas may be corrupted when opening up in Gsheets). Limited project management functionality (although this seems to be a new feature offering). Review collected by and hosted on G2.com.

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

We were looking to address challenges of keeping track of reconciliations, clearly delegating reconclition responsibiliites, ensuring timely compliance with reconciliation and chekclist items, having a central repositary of checklist items, and monitoring our close. Review collected by and hosted on G2.com.

AW
Assistant Controller
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 like how all of the account recs can be accessed straight from Floqast - good way to centralize where everything is saved and give everybody visibility into the status of close related tasks. Review collected by and hosted on G2.com.

What do you dislike about FloQast?

The emails are pretty agressive (is the all caps "YOU" really necessary)? But more just something we laugh about as a team. Review collected by and hosted on G2.com.

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

We have 10 different companies and it's been hard getting visitbility into everybody's close process. Floqast has helped us do that. Review collected by and hosted on G2.com.