FloQast Software

4.73 / 5 (30)

About 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 comes with support options such as phone, email and online help desk



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Supported Operating System(s):

Web browser (OS agnostic)

30 Reviews of FloQast

Average User Ratings

Overall

4.73 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(22)

4 stars

(8)

3 stars

(0)

2 stars

(0)

1 stars

(0)

Likelihood to Recommend

Not likely

Very likely

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Showing 1-20 of 30 reviews

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April 2017

Marianne from Innoviva, Inc.

Company Size: 11-50 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

April 2017

Perfect Solution

We are a publicly traded company. Internal controls are part of our life in the office. Our auditors and PCAOB increasingly require companies to provide evidence of the controls, controls performance and efficiency. Before FloQast, our team had to create and update our monthly close tracking sheets manually and had to meet almost daily during the close time to ensure all tasks are done timely. The manual process created errors, miscommunication, and delays. Now, with FloQast, our close is almost stress free. My team can work remotely if they want to and get things on time. No micro management is needed. Our auditors have their evidence and get their SOX testing done REMOTELY with less questions as well. As my team's manager, I don't have to walk or call anyone to see where and how things are. If I have comments, I simply put those in FloQast and can see the progress and responses. Our close time and costs are cut down by almost one-third. Purchasing FloQast is one of the best decisions we've ever made. The team at FloQast is awesome. They listen, address our requests and provide assistance beyond our expectations. Thumbs Up!!!

Pros

fast implementation, value, services, efficiency, ease of use....

Cons

No cons

March 2019

Katherine from Compass Health

Company Size: 501-1,000 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

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.

September 2017

Fay from Turning Point of Central California

Company Size: 501-1,000 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

September 2017

Amazingly Efficient Tool With Outstanding Support Service!

Pros

As the person who reviews most of the Balance Sheet accounts in my organization, I am very satisfied with this product.
With daily uploads of the updated trial balance, FloQast lets me know at a glance, which accounts are out of balance. I am able to write comments, ask specific questions to the accountant in charge of reconciling the account directly within the software application. It is practical and user friendly. All of our reconciliations, support schedules and documents are located in one place. It is easily accessible to our accountants and managers, thus greatly improving our month and year-end processing.
The FloQast support service is outstanding. They are very knowledgeable and always friendly and professional.

Cons

They are virtually nonexistent. This is not a stagnant program. With the willingness to take customer feedback seriously and apply new technology, I am certain FloQast will be continuously improving.

November 2017

Anonymous

Verified Reviewer

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

November 2017

The customer support is excellent. The system is very useful for month-end close.

Pros

It has made the managing of month-end close tasks a lot easier as everything from tasks to reconciliations can be entered as a task to complete and is easily trackable.

Cons

There is not much communication between FloQast and the ERP system aside from looking up account balances.

May 2017

Vivian from Western Dental Services Inc

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

May 2017

Excellent Product with Excellent Support

Pros

It's an excellent tool for accounting management to control the closing process and review reconciliations. The implementation was very easy setup by FloQast team. The administration part is very straightforward. FloQast provided great training and the program has been constantly updated with better tools and functions.

Cons

The calendar setup probably can be more flexible. We are trying to let our payroll team to use the closing process for bi-weekly payroll schedule but the calendar is more setup for accounting closing purpose with monthly, quarterly and annual calendar.

November 2017

Anonymous

Verified Reviewer

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

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.

May 2017

Alison from Ritter Communications

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

May 2017

Wonderful customer service! Great product for month end closes!

Pros

Gives me a great feel of where we are in the month end closing process without having to go around and bug my team to see where they are at or what they have left to finish.

GREAT customer service!! No matter who I contact, they are quick to email back and fix any issue.

Cons

Going back and forth between BOX and FloQast. If we had multiple additional hours to add all of our reconciliations to BOX, it might be helpful for year end close. We tried doing so when we first started using FloQast (when all uploads weren't carried forward month to month), but we haven't done any uploads recently.

October 2017

Chris from Zscaler

Company Size: 501-1,000 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

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.

April 2017

Kenny from Groupware

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

April 2017

Great tool!

Our company has been using FQ for almost 2 years. Within that time frame, we've had a major company infrastructure change and I was able to work with Lilith to help maintain the smooth transition. She's been with us from implementation, and I'm glad she's provided continued support to this day. I cannot speak for all customers, but the support we received is well above avg. in response and resolution. The FQ team is constantly trying to improve their product and ask for feedback on anything. Features we asked about when we implemented are now a standard feature, which shows they are listening and are actively testing new features to bring to the standard product. Admins require some computer knowledge, mostly for setup, but FQ will help you every step of the way.

Pros

great support, easy to learn as admin, via internet

Cons

We use Box.com for our storage, and the issue we run into is our admins from implementation deleted folders because they didn't like that folder structure, so they decide to make changes, which FQ makes those folders unique, so when we deleted, it took a function away from us.

November 2017

Neepa from Mitchell International

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

4.0

Functionality

4.0

November 2017

I like FloQast!

Pros

It helps the team to focus on close related items and manage reconciliations in more time efficient manner.

Cons

It does not provide any notification if the previous month reconciliation is out of balance.
It would be great if FloQast can show the comments or notes in separate column next to the checklist or reconciliation rather than hiding it.

October 2017

Anonymous

Verified Reviewer

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support