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FloQast description
FloQast is accounting software designed to make financial closing easier and faster for accounting teams. It provides a central platform to track tasks, manage reconciliations, and improve collaboration. Trusted by well-known companies, FloQast boasts a user-friendly design familiar to accountants, aiming to reduce time spent on closing, audits, and reconciliations. The software integrates with existing accounting systems and offers features powered by artificial intelligence to streamline repetitive tasks.
Who is FloQast best for
FloQast helps accounting teams close faster and more accurately. Users praise its centralized platform, real-time updates, and ease of use, but some find the initial setup complex and dislike slow refresh times. Ideal for medium to large businesses in various industries, FloQast streamlines financial close processes with automation and improved visibility.
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Best fit for medium to large businesses seeking streamlined accounting.
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Suitable for various industries, especially retail, finance, and healthcare.
FloQast features
| Supported FloQast automates time-consuming accounting tasks, reducing errors and boosting efficiency. |
| Supported FloQast supports bank reconciliation and integrates with popular accounting software. |
| Supported FloQast supports workflow management and automation of recurring tasks, especially for financial close processes. |
| Supported FloQast supports generating reports and dashboards to visualize progress and performance. |
| Supported FloQast supports due date tracking and task management, including setting due dates and filtering by them. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Scalability
FloQast reviews
We've summarised 1314 FloQast reviews (FloQast Capterra reviews and FloQast G2 reviews) and summarised the main points below.
- Centralized platform for managing month-end close checklists, reconciliations, and supporting documentation.
- Real-time updates and notifications when reconciliations are out of balance due to GL changes.
- Improved visibility and transparency of close progress for the entire team.
- User-friendly interface and easy navigation.
- Excellent customer support, responsive to questions and feedback.
- Slow refresh times, especially with large files or numerous entities.
- Initial setup can be time-consuming and complex for organizations with intricate processes.
- Limited linking capabilities between modules and across companies.
- Inconsistent email notifications and difficulty managing notification preferences.
- Auto-reconciliation struggles with complex or non-standard reconciliations.
FloQast pricing
The commentary is based on 54 reviews from FloQast Capterra reviews and FloQast G2 reviews.
While FloQast streamlines the month-end close and reconciliation process, many reviewers express concerns about its cost, particularly for smaller companies or limited user cases. Some find the pricing structure, especially the per-user cost, to be high relative to the core features offered. Despite the value, the expense is a recurring concern.
Users sentiment
FloQast alternatives
TrintechGrows slower and has lower ratings. A FloQast competitor and alternative, Trintech users report slower performance and challenging setup.Read more
BlackLine Financial Close ManagementLower ratings on Glassdoor. Slower growth. Users report slow performance and a steep learning curve.Read more
NumericBetter fit for small to medium businesses. Has stronger momentum based on employee growth. Focuses on AI-powered reporting and US-based businesses. A FloQast competitor and alternative.Read more
SAP S/4HANA CloudBetter for enterprise resource planning (ERP) and integrates diverse business functions. Suitable for a wider range of company sizes and industries. More positive user reviews on G2 and Capterra.Read more
QuickBooks Desktop EnterpriseBetter for managing inventory, orders, and payroll. A good QuickBooks Desktop Enterprise alternative for those requiring cloud-based close management and automation. QuickBooks Desktop Enterprise has negative pricing sentiment and some users report data backup issues.Read more
Panaya Change IntelligenceBetter for managing software updates and changes, especially for SAP, Oracle, or Salesforce systems. A FloQast alternative focused on change impact analysis and automated testing.Read more
FloQast FAQ
What is FloQast and what does FloQast do?
FloQast is cloud-based close management software designed to streamline the financial close process for accounting teams. It automates tasks, manages reconciliations, and enhances collaboration through a centralized platform. FloQast integrates with existing accounting systems and offers AI-powered features to improve accuracy and efficiency.
How does FloQast integrate with other tools?
FloQast integrates with various accounting systems, including ERP and other financial software. It connects with popular tools to centralize financial data and automate tasks for smoother, faster close processes. This streamlines workflows and improves collaboration across accounting teams.
What the main competitors of FloQast?
Top alternatives to FloQast include BlackLine, Numeric, SAP S/4HANA Cloud, QuickBooks Desktop Enterprise, SoftLedger, and iplicit. These competitors offer similar features for financial close management, accounting automation, and reporting, catering to various business sizes and industries.
Is FloQast legit?
Yes, FloQast is a legitimate software solution for financial close management. It's trusted by many companies for its centralized platform and automation features, improving accuracy and efficiency. However, some users find the initial setup complex and experience slow refresh times.
How much does FloQast cost?
I couldn't find pricing details for FloQast. For the most current pricing information, it's best to contact FloQast directly or visit their official website.
Is FloQast customer service good?
Based on the reviews, FloQast users generally praise the helpfulness and responsiveness of the customer support team. Users mention prompt responses, helpful guidance during implementation, and ongoing support for issue resolution and product training. A few users note that support isn't tailored for overseas markets due to time zone differences.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.