What is FloQast?
FloQast is an accounting operations platform that offers a range of solutions to streamline financial processes and ensure compliance. It was founded by CPAs who understand the needs of accountants.
The platform provides a unified platform for accounting operations, allowing teams to collaborate and track progress easily. Its flagship product, Close, helps manage month-end close tasks, enhance accountability, improve accuracy, and facilitate collaboration. Users report significant time savings and increased data accuracy with it.
The platform also offers Reconciliation Management, which automates and centralizes the reconciliation process, and Flux, which automates flux analysis. Additionally, Analyze provides visibility into the close process and helps identify bottlenecks.
Compliance Management integrates financial controls with the close process for audit-ready compliance.
Overall, FloQast aims to provide accounting professionals with modern, collaborative, and efficient solutions.
Pricing
Starting at Custom · Subscription
Features
31 features that make FloQast stand out.
Pros & Cons
Pros
- Ease of Implementation and UseUsers across multiple reviews highlight FloQast’s ease of implementation and use, with some mentioning they were up and running in as little as two weeks. The software is praised for its user-friendly interface and intuitive nature.
- Customer Service ExcellenceThe customer service and support team at FloQast receive widespread acclaim for their responsiveness, helpfulness, and overall excellence. Users feel well-supported throughout all stages: sales, implementation, and post-launch.
- Efficiency in Close ProcessFloQast is credited for significantly improving the month-end close process, offering visibility into the close status, and facilitating a structured, efficient approach. Users noted an overall improvement in productivity and efficiency in their departments.
- Comprehensive FeaturesThe platform offers a wide range of features, including detailed audit trails, customizable workflows, and the ability to consolidate data from multiple entities with currency management.
- Great Collaboration ToolFloQast is described as an excellent collaboration tool, transforming Excel monthly close checklists into a cloud-based collaboration tool, linking dynamically with users’ general ledgers and Excel workbooks.
Cons
- Integration and Syncing IssuesSome users have mentioned challenges with the system’s ability to sync correctly, highlighting issues where files do not show up or recognizing files becomes problematic.
- Role-Based Security FeaturesA few reviews suggested a desire for improved functionality around role-based security, indicating an area FloQast could enhance to better meet user needs.
- Fluctuation Analysis ModuleWhile the fluctuation analysis module is appreciated, users believe it could be developed further beyond its current basic capabilities.
- Use of Auto Reconciliation FeaturesThere is some hesitation among users to fully utilize the auto reconciliation features due to concerns about missing items. This points to a potential area for FloQast to provide more education or enhancements to ensure confidence in all features.
- Expansion of Integration OptionsUsers have suggested expanding the range of integrations with other systems and tools, especially around project management and communication platforms like Slack for broader application and convenience.
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Frequently asked questions
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