Who Uses This Software?

- Internal accounting departments of companies of all sizes and industries - Outsourced Finance & Accounting firms


Average Ratings

27 Reviews
  • 5 / 5
    Overall
  • 5 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • FloQast
  • floqast.com/
  • Founded 2013
  • United States

About FloQast

FloQast is close management software created by accountants for accountants to help accounting teams close faster and more accurately. It provides a single place to manage the close and give everyone visibility. FloQast works with your existing checklists and Excel to manage the close. On average FloQast customers close 3 days faster. The award-winning solution is trusted by hundreds of accounting departments, including those at Twilio, Nutanix, Zillow and The Golden State Warriors.


FloQast Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • Cash Management
  • Collections
  • Consolidation / Roll-Up
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • General Ledger
  • Government
  • Multi-Currency
  • Payroll
  • Project Accounting
  • Purchasing
  • Revenue Recognition
  • Spend Management
  • Tax Management
  • Trust Accounting
  • Ad hoc Analysis
  • Ad Hoc Reports
  • Budgeting & Forecasting
  • Consolidation / Roll-Up
  • Dashboard
  • Key Performance Indicators
  • Predictive Analytics
  • Qualitative Analysis
  • Quantitative Analysis
  • Scorecarding
  • Strategic Planning
  • "What If" Scenarios
  • Audit Trail
  • Balance Sheet
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement

FloQast Reviews Recently Reviewed!

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

Nov 27, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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.

Floqast allowed us to efficiently implement a month end close process making review easier

Nov 13, 2017
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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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.

Overall: Better insight into our month end close for timeliness and accuracy.

I like FloQast!

Nov 07, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

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.

FloQast makes it easy for our team to stary organized and on-track during the month close.

Nov 07, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The ease of organizing and also checking off and reviewing tasks including the notes feature make this software a very valuable asset to our team.

Cons: Can't think of anything I dislike - maybe the email notifications could be improved to be more current.

Overall: Faster close process, less likely that items will be missed each month / quarter.

FloQast is a great application for the money.

Nov 06, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Ease of use and modify the Checklist. Account reconciliation is easy to understand. I also appreciate the technical and client support and responsiveness to our queries.

Cons: Ability to modify the Completed Date outside of the default current date would allow us to populate field to the actual date a task is completed.

Overall: Account reconciliation is a huge benefit that brought the Company's reconciliation process under control.

Good tool to keep track

Nov 06, 2017
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Keeps track of checklist and outstanding items, keeps updating changes in accounting software, highlights imbalances.

Cons: Desire for more - I would like to use the tool more on the analytics and enhanced review. Keen to see what new features keep coming in

Invaluable to our organization in standardizing our financial close

Nov 03, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The reconciliation feature is what our team enjoys the most about the software . It has really transformed our review process.

Cons: Dashboard view is limited at the summary level.
Cannot filter notes by who I have assigned them to.

Vendor Response

by FloQast on November 07, 2017

Hi Steve! Thanks for the comment. On the Review Notes page, there are Filtering options for you to use. You can filter by names or terms in the search box, and also by which notes are assigned to you, which notes you've assigned out, etc. Hope this helps!

FloQast has helped us better organize our close process and keep on track.

Nov 01, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Sign offs, everything you need for review is in one spot. Integration with Intacct and box.com. High quality customer service.

Cons: This has more to do with cloud storage providers than FQ. We would like to be able to sync box.com (or another provider) with our server rather than having to save files directly, but have been unable to find a solution for this. Our IT policy does not allow us to sync from our desktops.

We quickly saw improvement in completeness and efficiency in closing the month.

Nov 01, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The ability to have all the information at the same place for all our companies on the globe. This gives us the ability to streamline our closing process.

Cons: 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.

User friendly, I love it.

Oct 31, 2017
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The sorting feature is great. I enjoy the ability to be able to see what I have due and whether or not it is complete.

Cons: Wish I could sort by other people. There are times when I am waiting on others to get a part of their job done before I can begin working on my task so using a filter to search by other individuals would be great.

Overall: FloQast helped us streamline our month end check list and gave us a better structure to eliminate errors and be more efficient.

235a79e3da2639a93c1cbff438f6bbda

FloQast gives me outstanding visibility regarding the close status and account reconciliations

Oct 31, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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.

Overall: Strong visibility and comfort regrading the status of the accounting close.

Great for accounting close and reconciliations

Oct 31, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The look of the interface is really clean and easy to use. We like using it a lot for our monthly accounting close to keep on top of everything.

Easy and great customer service

Oct 31, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The software is very user friendly, everything is in one place and has easy audit trails. The customer service is excellent and there are very quick responses. They also have implemented many of our suggestions.

Cons: It would be nice to have aging for the reconciliations and the ability for customer fields in the checklists.

Floqast has been extremely helpful for our accounting team to close the books timely and responsibly

Oct 31, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The fact that we know exactly where in the close we are at any given point in time. It gives everyone visibility into what areas need help and which areas we are strong in.

Cons: Just the learning curve but once over the hump and implemented then the benefits far outweigh it. Our team is all on-board now though and use it without a second thought.

FloQast makes my life so much easier. I have clients and don't know how I would manage without FQ!

Oct 31, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: The dashboard is a great way to stay organized and make sure all tasks and deadlines are met efficiently and effectively. The review notes are very handy for communicating any questions or comments to other team members.

Cons: I have found some of the administrative functions to be a little cumbersome but no issues with the basic user features.

Probably one of the best products for accountants in years.

Sep 21, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I love the hash-tag feature because it provides the user with the flexibility and computational power of Excel with the robustness of a reconciliation data warehouse. Additionally, the checklist feature is a great way to plan out your month and your financial close. We also use FloQast to capture audit evidence surrounding review and approvals. This has been paramount to our success in both internal and external audits.

Cons: I wish you could rename folders within the FloQast application; however, I have faith that this feature will be added with time.

Overall: It helped us effectively transition from a quarterly close process to a monthly close process. Additionally, it has helped us to organize and streamline our balance sheet reconciliations while eliminating wasteful processes.

Amazingly Efficient Tool With Outstanding Support Service!

Sep 12, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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.

Wonderful customer service! Great product for month end closes!

May 19, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

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.

Excellent Product with Excellent Support

May 19, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

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.

A fantastic tool to replace our spreadsheet checklists!

May 01, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Pros: FloQast has greatly improved the completeness of our close and has forced and documented much needed reviews. The customer service and ease of use are phenomenal and they seem to be constantly wanting to improve. We are a small-med sized business and our finance staff is spread over 4 countries. Most of our systems are on the cloud and this software fit in perfectly.

Cons: The cons are minor. Since there are two systems in use you have to sometimes toggle between OneDrive (or whatever you use) and FloQast but it works well if you have both open. FQ currently doesn't have a filter for reviewer vs. preparer on the "due" list but they are working on it. Since I mostly review this can be annoying.

FloQast is a user friendly tool that has helped us organize and control our close process.

May 01, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Pros: The customer support team is fantastic- very helpful and the response time is instantaneous. The tool is also pretty user friendly and intuitive to use, this has allowed minimal downtime when adding new users and cut down on training time.

Cons: We experienced some minor road bumps with google syncing up on a delay but that was resolved. We look forward to all the updates and additional functionalities the developers are making.

Great Product and Customer Service!

Apr 26, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Comments: This software has sufficiently helped and improved our close process. Prior to FloQast we were using excel timelines and calendars that we would forget to update. FloQast sends us daily reminders and updates each month to keep us up to date with the status of the close and how we can close the books faster in future months.

The General Ledger connection to NetSuite has been a huge help to our process as well. This feature has allowed us to monitor and know when a balance changes in NetSuite and make sure we update our reconciliations and supporting documents accordingly.

The customer service team is always very responsive and friendly. They clearly detail how to solve the issue.

Thank you FloQast!

Easy interface

Apr 25, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: This gives a great visual of our progress

Cons: Having source documents in BOX and toggling between FloQast and BOX is a little bothersome

Overall: We started a trial run for the month end close process for a few clients and have had a positive experience so far. I've personally on-boarded 3 new associates and the amount of time it takes for me to train them is minimal, it's a very simple interface and gives a fantastic visual of our progress.

Great product and better customer service!

Apr 25, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Dashboard is a easy way to see where things stand during close.

Cons: Setting up new entities is a bit tricky

Overall: Floqast has been a huge help for our month end close process. While the software has lived up to expectations, what has really blown me away and sets them apart is the customer service that the Floqast team provides. They are very friendly, accommodating and prompt in resolving any questions or issues that arise. In my 20 years of experience in accounting, I've never worked with a vendor like Floqast who provides not only a great product, but the support team that is second to none in regards to their product knowledge and customer service.

Recommendations to other buyers: Software is great and the enhancements they make have accountants in mind.

Great tool!

Apr 25, 2017
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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.

Overall: 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.

The holy grail of financial closing process management

Apr 25, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: Closing the books is like herding gnats unless you take a very systematic, measured approach and are able to effectively measure progress. Closing the books accurately, requires analysis of the various balance sheets "as" the books are closed (not as a post closing task). Many accountants try to argue that, due to time constraints, this is just not possible. Many accountants are wrong. Floqast addresses all of these issues and does with ease. It's simple and it works. Hands down, one of the best applications I have ever used.

Perfect Solution

Apr 25, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: fast implementation, value, services, efficiency, ease of use....

Cons: No cons

Overall: 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!!!

Recommendations to other buyers: Not sure if it has the mobile app yet.