FloQast Review

Overview

FloQast is a cloud-hosted performance management solution that empowers you to manage HR, ERP, and payroll functions. It chief features include automation of manual processes, collaboration, and close process organization. The manual process automation feature permits you to eliminate manual tying and ticking with automated TB tie-outs, and handles flux analysis. This  solution also enables you to roll forward supporting documents, reconciliations, and checklists.

FloQast seamlessly integrates with Oracle NetSuite, MS Excel, Google, Dropbox, Box, SAP, Workday, Sage Intacct, and other accounting tools through standard FTP integrations. This software’s Excel integration offers automation of TB tie-out procedure for workbooks. The vendor delivers support via an online help desk, email, and phone.

Benefits

Support for Multiple Currencies

For your global operations, FloQast provides support for all top currencies to help you seamlessly handle the month-end close across your worldwide entities.

Own Your Data

The program integrates with your existing tools, which allows you to store confidential financial information in your own file storage solutions. The vendor does not charge any data storage fees.

Dependable Security

FloQast utilizes SOC 1 Type II Certification, SSL 256 AES encryption, and best practice authentication protocols to protect your confidential data.

Smooth Integrations

Integrate your Excel workbooks, cloud storage, and ERP with FloQast.

Automate Manual Workflows

Eliminate manual tying and ticking, and automatically roll forward your reconciliations, checklist, and supporting files.

Enhance Team Collaboration

Improve team accountability and communication to ensure members meet deadlines and your company is ever prepared for an audit.

Organize Your Close Efficiently

Centralize and standardize your process documentation for repeatable, consistent successes in all closes.

Close the Books More Quickly

Efficiently manage your accounting team by linking your staff, documents, reconciliations, and process in the cloud.

Collaborative System

FloQast is a single collaborative platform in which you align diverse teams, data, and processes to manage your firm’s month-end close.

Know Your Status

View what has been completed, outstanding, or past due using one dashboard at any point of time during the close.

Be Prepared for the Audit Always

Organize your files to be ready for the audit. The software links and time-stamps all sign-offs, checklist items, reconciliations, and tie-outs.

Product Features

Pricing

Business Starter Bundle

• $999/mo*
• For growing accounting squads closing the books for a few entities.
• Includes 6 licenses and platform fee

Corporate Starter Bundle

• $1,199/mo*
• For extended accounting teams or departments closing the books for multiple entities.
• Includes 6 licenses and platform fee.

Enterprise Starter Bundle

• Contact Us
• For pre-IPO/public firms, or those teams geographically distributed teams closing the books for many entities.

Business Additional Users Plan

• $129/mo*
• Collaborative Checklist
• Review Notes
• Reconciliations Management
• Reporting
• Single Sign-On Integration (SSO)

Corporate Additional Users Plan

• $149/mo*

Includes all features of the Business Additional Users Plan, plus:

• Close Analytics
• Audit Users

Enterprise Additional Users Plan

• Contact the vendor for pricing

Includes all features of the Corporate Additional Users Plan, plus:

• System Administrator Role
• User Reporting & Audit Logs
• Flux Analysis

* Licensed and annually billed, starting at $12,000/year for up to 6 users for Business Plan; $14,000/year for up to 6 users for Corporate Plan.