FloQast offers their financial close software to streamline accounting month end close, simply providing automation around reconciliation and eliminating human error, and visibility via a close status dashboard, as well as providing a complete audit trail.
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Tipalti
Score 8.7 out of 10
Mid-Size Companies (51-1,000 employees)
Tipalti automates critical financial processes to drive efficiency, including accounts payable, mass payments, procurement, and expenses, all on one global finance automation platform that grows with the organization, automating, de-risking and simplifying finance.
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Pricing
FloQast
Tipalti
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FloQast
Tipalti
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
Required
Required
Additional Details
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Pricing starts at $149 per month for the platform fee. Users can upgrade to Tipalti's more advanced capabilities as their businesses gets more complex.
The Tipalti pricing model is designed to grow with the user's company. Advanced features such as W-8 tax forms, international tax IDs, or multi-entity payables are available as needed.
More Pricing Information
Community Pulse
FloQast
Tipalti
Considered Both Products
FloQast
Verified User
Anonymous
Chose FloQast
that was all manual, this keeps things in one central place and automatically syncs with our ERP
We started with BlackLine and after a year and limited adoption across the accounting team, changed to FloQast. We had numerous reasons, including difficulty in working with the BlackLine standard reconciliation, time needed to complete the set up for automatic reconciliation …
Having FloQast automatically pulls updates from excel files saved in our shared folders is key instead of having to upload new files as we've done in the past with other comparable products
At the time we picked FloQast, they were the most cost effective and easiest tool to use. Fast forward a little bit, and Numeric has come to market. I really lie Numeric to be honest and feel that their pricing is better and for that lower pricing, they include more …
The User Interface and implementation were the key drivers for choosing FQ compared to BL. Our team was up in a matter of days or so it felt! Even if you didn't get properly trained in FQ, you could easily figure it out on your own, which was nice, especially for a large team.
We found that FloQast fit well into our existing close process and made it much more efficient. Other rooms, such as Blackline, required a longer and more costly implementation. It also required the use of their reconciliation formats. We did not see the value in that …
I used Blackline many years ago but found it to be a waste of time. I didn't like being required to use the Blackline format for reconciliations. The one size fits all mentality never quite works out when it comes to accounting - every business does things a little differently. …
Netgain has a product called NetClose which we've considered but ultimately went with FloQast because of simplicity and ease of use. The other product was more technical and hands on.
FloQast has a strong brand, offers excellent customer service, has a strong core product, and continues to improve and provide additional value to its customers.
We evaluated BlackLine along with FloQast and ultimately decided to sign up with FloQast. Our team really liked the ability to leverage their existing Excel reconciliation templates that could link to the FloQast user interface. Comparatively, the pre-made reconciliation …
We evaluated Blackline when we were considering Floqast. Although Blackline is very robust and feature rich it was not right for us at the time of our review. We chose Floqast because: 1. It was simple to set up. We were up in running in a few weeks as compared to the 6 month …
We selected FloQast because of how flexible it was and how easily it incorporated our existing excel workpapers into the system. It was also able to accommodate our ERP, despite not having a native integration for it.
I have experience using Asana and Jira in previous jobs and while they are both useful, neither are tailored to accounting. That is where I feel that FloQast truly shines - there are so many features that other project management softwares are lacking, and after using FloQast …
NetClose (from NetGain) is pretty similar and is also a great tool. For a single company that uses NetSuite, NetClose can be a great option, however FloQast has more features like ReMind and aurorecs that NetClose does not have. For a CAS firm, it is a no brainer though, …
They are very similar. I do like how Divvy and Bill offer great credit card solutions. But when it comes down to automating the accounts payable function within your organization it is very similar and both offer a great product with similar pros and cons. Overall Tipalti is a …
Concur was a miserable experience on the payables automation side for us. In my opinion, the implementation team did a poor job. Data sync into NetSuite was not real time. To me, the interfaces were archaic. Tipalti was such a breath of fresh air. I love working with their …
Both of these products have treated us well and have their pros and cons. We do a lot of acquisitions though and they are just not friendly the more and more you go. Tipalti has been very helpful with the more we grow. Its a key part in integrating finances
The price point and all-inclusive pricing was very clear with Tipalti. The others separated the payment platform from the invoicing platform, which didn't make sense at all. With one provider, it would be implemented after the payables side, which was not helpful for our …
We selected Tipalti because it was a clear and simple option without the complexity or high price tag of other ERP or accounting systems. It was a fit for purpose solution that handled the exact accounts payable needs that we had. It was easy to implement and start using right …
Coupa was significantly more expensive, takes longer to implement and seemed to be more than we needed. AvidXchange was more similar to Tipalti, but Tipalti sales team seemed hungrier for our business.
AvidXchange worked well as it integrates as a Suite App within NetSuite; however, it still required payments to go out through NetSuite or through a bank directly. It has been a while since I used it so maybe that has improved but having Tipalti handle everything from …
On my second time selecting, I was not going to consider any other vendors. My bank had some arrangement with MineralTree so I was obligated to go through their process. Ultimately it came back to Tipalti's payment processing capabilities as the standout feature.
From initial implementation through to user experience, Tipalti has been able to exceed our expectations in terms of its functionality and useability. We have found with other systems implemented in the past they did not match our expectations which resulted in us terminating …
Tipalti was in fact the only solution that met all our critical requirements (e2e) and supported ISK payments. Credit cards is not an available functionality outside the US, but wasn´t a critical feature for us.
Although I did not partake in selecting Tipalti, I will say because of my Ariba experience, Tipalti is far more end user friendly. In my experience, Ariba can be super complicated and for those that used it at my last company, they were very unhappy with it's complex environment
With Tipalti the vendor can choose between more payment options + can change between payment details/methods at any time without the need to have the payer doing so.
Previously, our Company housed all invoices and approvals in NetSuite. This was a very clunky process which often resulted in duplicated work. Approvals were obtained through email and attached as a file to invoice records in NetSuite. Whereas, in Tipalti, you can view the …
SAP Concur did not have consistent invoice entry. Depending on who at SAP Concur entered your invoice, the vendor could be incorrect, the vendor number could be missing a digit, the amount of the invoice entered wrong, etc. We had too many issues with SAP Concur because they …
It's really good in ensuring all of our accounting/finance people are on the same page and knowing what work is outstanding, at what step in the process reconcs or checklists or at, if we're tracking on time, who may need some additional support, etc. It really does a great job of letting us know when accounts are out of balance and needs to be looked at again. Ensures we will be fully ready for audit and pass with flying colors.
The invoice processing element is far, far easier than manually inputting invoices are we were doing previously. The OCR is not perfect, but having it scanned in and ready for review saves a lot of time. The approvals process is fast and effective, and approvers can approve directly from the email without having even to log into the system. The audit trail function allows the finance team to see exactly who has done what to each invoice, and when. Payments, however, are where we see the most benefit. Vendor bank details are stored securely and controls can be put in place to ensure that any changes to vendor data must be approved. Once fully approved, invoices can be scheduled for payment either on a particular date or on the invoice due date, which ensures vendors are paid on a 'Just In Time' basis. All invoices and payments sync seamlessly to our ERP each day.
Support is phenomenal! Incredibly responsive, always have the answers, super knowledgeable and will assist in bringing resolution to various concerns, as well, providing not just support, but education as well!
System is almost always working efficiently, very few incidents that slow me down.
System is incredibly user friendly. I was able to learn it pretty quickly.
It would be great to see drill down capabilities between account reconciliations/flux analyses that links to our transactional data in our ERP.
I would like to see a litte more customization available in the analytics tab to add custom filter drop downs.
I believe this is close to being released, but I'd like to see anticipated time commitments on the task level to be able to easily review capacity type reporting/analytics.
In the PO matching queue, there is some clunkiness surrounding updating PO lines. For example, if you need to delete PO lines picked up from the invoice, you currently have to delete each line individually, instead of being able to select multiple and delete.
Sometimes PO numbers do not properly pick up from the OCR system. For example, the OCR might pick up "PO 18535" instead of "18535". This causes the AP team to have to manually link the PO, creating an extra step.
For PO-backed Invoices that require you to manually type in the PO amount, there is no option to save your inputs. If there are any changes to the match details (i.e. linking another PO, or unlinking a PO) all inputs are reset to blank.
If there are non PO line items for an invoice that is in the PO matching queue, there is no option to select a separate department code for that line item.
It has proven to enhance our procedures with closing. It is an effective tool that I would recommend to create a more efficient closing procedure and get the team more aligned. It increases the accountability among the staff and helps to keep us on task and on time. It is easy to sign into and has reminder emails for tasks that are coming up or late.
Solid system performance. Suits our needs and solution provider very inclined to accept feedback and involve users in developing the solution to serve both the provider and the ultimate user. Tipalti has streamlined our process that was previously very manual and prone to error. Now there is transparency of information and role.
FloQast is incredibly intuitive and easy to use. The only reason I don't give it a 10 is that the Flux Analysis feature is not great in terms of getting the information into the system. Once it's in, fantastic! But some work is needed
The system is incredibly easy to use, with most tasks being completed in a small number of clicks. The user interface is very user intuitive and can be navigated very easily. Multiple payments can be made instantaneously and as the vendors manage their payable account we are able to ensure that payments are being sent to the right account. The advanced functionality for duplicate invoices ensures that we are not processing bills twice and we have found that in 100% of cases it has identified a duplicate bill.
We have only noticed a slight slow down in accessing FloQast on a couple of occasions (near the beginning of a month when many people were likely trying to get online to close their books). The issue has always resolved itself with three to five minutes, so it's never been a hinderance.
FloQast's performance is great. The pages always load quickly, and reports are completed fast! I've never noticed any slowdown in our ERP from the interface with FloQast.
They are rapid in their response. If they can't immediately offer a solution, they continue to keep in contact with you to let you know where they are in resolving your issues. The staff is friendly & speaks to you in layman's terms, not so high-tech that you can't understand
Since I also work in customer support, I often have to contact Tipalti's team with questions from our users. Tipalti's support team has always been exceptionally helpful and it was a pleasure to communicate with them. I have always received prompt responses to any inquiries and they are excellent at solving our customers' issues within a short time
The FloQast team members are just so personable. FloQast has clearly done a great job hiring people who are not just good at what they do, but are also fun to work with! They have placed people in the right roles and the customer benefits from this. I have enjoyed every opportunity I've had to work with a FloQast team member on training.
The online training is good. But like all online, pre-recorded training, it is never quite as good as in-person or live training where one can ask questions or get clarification. That said, FloQast has an extensive training library and most of the time, if one finds they need help on a topic, it can be answered by going to the online training and watching appropriate recording.
Implementation occured before I started with the company (but despite the instruction to skip the question if I did not participate, the site required I put in a rating in order to move on to the next page)
I used BlackLine at my previous job. Now I use FloQast at my current job. FloQast is, in my opinion, much easier to use than BlackLine and the looks and feels of the website are more user friendly and visually pleasing. BlackLine seemed like a separate system and was not really connected to Intacct (they used Intacct as well at my previous job). Everything just seemed clumsy with that system. FQ is smoother.
Both of these products have treated us well and have their pros and cons. We do a lot of acquisitions though and they are just not friendly the more and more you go. Tipalti has been very helpful with the more we grow. Its a key part in integrating finances
We started using it with one client/customer and now use it with fourteen entities and plan to add two more in the next couple of months. It has made it possible to grow our business without hiring additional personnel. We can do more work with the same number of people
