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Frontrunner 2018
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What is FloQast?
FloQast is a cloud-based performance management platform. It allows users to manage HR, payroll and ERP solutions.
FloQast’s key features include close process organization, collaboration and manual process automation. Its manual process automation allows users to eliminate manual ticking and tying with automated TB tie-outs and manages flux analysis. The platform also allows users to roll forward checklists, reconciliations and supporting documents.
FloQast integrates with MS Excel, Oracle NetSuite, Box, Dropbox, Google, Sage Intacct, SAP, Microsoft, Workday and other accounting systems via standard FTP integrations. Its Excel integrations provide automation of TB tie-out process for workbooks.
Pricing of FloQast is based on monthly subscription and it c... read more
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User Review Highlights
4.81
42 Reviews
Ease-of-use
out of 5Customer Support
out of 5Value for money
out of 5Functionality
out of 5"I like the Reconciliation and Checklist functions the best, which is essentially the entire platform, so overall, this system works great and is incredibly helpful for our month-end processes."
"It's also great that this software saves copies of all your files on their Box site."
"It created a great structure for making sure everything was done and out staff love the satisfaction of checking off their tasks."
"Decreases the communication with the team members which is a good thing but can become bad if you don't keep contact and you seem disconnected with the team."
"Dashboard view is limited at the summary level. Cannot filter notes by who I have assigned them to."
"I've had a lot of syncing issues, which can be very frustrating when the software isn't recognizing files or files don't show up."
Read user reviews
Which features does FloQast offer?
Core features:
Ad hoc ReportingAudit TrailBank ReconciliationBudgeting/ForecastingConsolidation/Roll-UpDashboardDocument ManagementDue Date TrackingFinancial ReportingGeneral LedgerShow more features +
Other Top Recommended Accounting Software
How easy is FloQast to use and deploy?
FloQast supports Cloud Based deployment options, including: Cloud, SaaS, Web-based.
4.81/5 out of 42 Reviews
Showing 1 - 5 of 42 reviews
Katherine
Verified reviewer
Company size: 501-1,000 employees
Industry: Hospital & Health Care
Time used: Less than 12 months
Review Source: Capterra
March 2019
The product is so simple but so powerful
Pros
We have been working with #FloQast for about 6 months now and this is one of the best investments we have made. The Implementation process was so quick and easy. You can get it up and running with the basics and then begin filling out all the fine details of the close process. We were in a difficult process of implementing a new accounting software system in our organization when we became aware of #FloQast. I don't think we would been able to catch up and get back on track with our monthly close process so quickly without #FloQast. It created a great structure for making sure everything was done and out staff love the satisfaction of checking off their tasks.
Cons
Still looking for any significant deficiencies.
Stefan
Company size: 51-200 employees
Industry: Consumer Goods
Time used: Less than 6 months
Review Source: Capterra
This review was submitted organically. No incentive was offered
March 2021
Excellent product to assist in refining your close process
Pros
There are many things to love about the software. What I appreciated the most was ease of setup and use. Makes it very easy to create buy-in with your teams to use the software.
Cons
They should continue to improve their fluctuation analysis module. It is good, but basic.
Reasons for choosing FloQast
We chose Floqast for their ease of setup, cost, and simplified functionality. Made it the perfect fit for a small to mid-size company.
Anonymous
Company size: 1,001-5,000 employees
Time used: Less than 12 months
Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
November 2017
Floqast allowed us to efficiently implement a month end close process making review easier
Better insight into our month end close for timeliness and accuracy.
Pros
The pros are ease of use and modification. The website is intuitive to use and has good visuals. The ability to link to our existing process allowed for easy implementation and instruction to our staff. The customer support has also been great with short response times for almost any issue. The FQ team have regularly reached out regarding additional items that could be added to the platform as well.
Cons
One of the cons we have run into is our use of OneDrive but some of our connectivity issues are not attributed to Floqast specifically. The biggest downside for our use of the system has been the inability to separate reviewer and preparer from having something due. If the preparer has not completed the task it is still shown as open for the reviewer. This also affects analytics as a reviewer can't control the timeliness of the preparer in some cases.
Janet
Company size: 201-500 employees
Industry: Computer Software
Time used: Less than 2 years
Review Source: Capterra
This review was submitted organically. No incentive was offered
December 2021
First time user of the software
Pros
Ease of use. Great resource during a close because at other places (heavily dependent on an calendar in Excel), it can be difficult to assess what parts of the close are complete without constant follow-up. Sometimes messages can missed or mis-understood. Floqast eliminates the confusion.
Cons
Enhancements to Floqast Reminders (ie dates to be set whenever and however often)
Chris
Verified reviewer
Company size: 501-1,000 employees
Industry: Computer & Network Security
Time used: More than 2 years
Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
October 2017
FloQast gives me outstanding visibility regarding the close status and account reconciliations
Strong visibility and comfort regrading the status of the accounting close.
Pros
I like the reconciliation function that allows me to see the account reconciliation status and whether the recons have been reviewed and approved. The reconciliation tool integrates with NetSuite to identify unreconciled accounts and whether all the recons have been prepared, using a completeness check.
Cons
I find adding new subsidiaries, which includes a new checklist items, setting up recons and ensuring that storage provider is accurately set-up a challenge at times.
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