Insights from FloQast Reviewers
Based on 5 verified reviews published in the last 18 months
FloQast provides several features designed to keep you audit-ready by saving time preparing PBC support, demonstrating internal software controls, and centralizing supporting documentation. How, if at all, have FloQast’s audit readiness tools affected your business?
5 answeredThis report analyzes 5 recent reviews to assess FloQast's impact on audit readiness. A majority of reviewers highlight that FloQast saves time in audit preparation (4 of 5 reviewers). Several also appreciate that FloQast facilitates auditor access to necessary documentation (3 of 5 reviewers). These two benefits appear related, as the time savings often stem from auditors being able to independently locate reconciliations and supporting documents within FloQast, reducing the need for back-and-forth communication and manual data transfer. This self-service access streamlines the audit process, according to reviewers.
Saves time in audit prep
4 mentionsA significant portion of reviewers (4 of 5) indicate that FloQast saves time during audit preparation. This time saving…
A significant portion of reviewers (4 of 5) indicate that FloQast saves time during audit preparation. This time savings is attributed to the centralization and organization of documents within FloQast, making it easier to locate and provide necessary information to auditors. Some reviewers also noted the time savings extended to internal staff as well.
Facilitates auditor access
3 mentionsOver half of the reviewers (3 of 5) mention that FloQast facilitates auditor access to financial documents. Reviewers a…
Over half of the reviewers (3 of 5) mention that FloQast facilitates auditor access to financial documents. Reviewers appreciate that auditors can directly access reconciliations without requiring assistance or manual uploading of documents. This direct access streamlines the audit process and reduces the burden on internal teams.
Besides FloQast, what other software do you regularly use? How likely would you be to recommend it to a friend or colleague?
5 answeredThis analysis synthesizes 5 recent reviews to identify software products commonly used alongside FloQast and to gauge user recommendations. Reviewers most frequently mentioned NetSuite ERP, cited by 3 of the 5 reviewers. Microsoft Dynamics 365 was mentioned by 2 reviewers. Given the small sample size, these observations provide only an initial indication of potential software pairings and should be interpreted cautiously. The sentiment towards both NetSuite ERP and Microsoft Dynamics 365 was mixed, suggesting varied user experiences.
NetSuite ERP
3 mentionsNetSuite ERP was mentioned by 3 of the 5 reviewers, indicating it is a relatively common pairing with FloQast among thi…
NetSuite ERP was mentioned by 3 of the 5 reviewers, indicating it is a relatively common pairing with FloQast among this small sample. However, the sentiment was mixed, suggesting varied experiences with NetSuite ERP in conjunction with FloQast. Further investigation would be needed to understand the specific reasons for the mixed sentiment.
Microsoft Dynamics 365
2 mentionsMicrosoft Dynamics 365 Business Central was mentioned by 2 of the 5 reviewers. As with NetSuite ERP, the sentiment was…
Microsoft Dynamics 365 Business Central was mentioned by 2 of the 5 reviewers. As with NetSuite ERP, the sentiment was mixed. This suggests that while Microsoft Dynamics 365 Business Central is used alongside FloQast, user experiences may vary.
Describe how you use FloQast in your organization. What are the business problems the product addresses and what is the scope of your use case?
5 answeredThis report synthesizes 5 recent reviews to understand how users employ FloQast within their organizations, focusing on the business problems it addresses and the scope of its use. A primary use case appears to be managing and streamlining the month-end close process. Four of the five reviewers mention using FloQast for this purpose, citing benefits such as providing checklists, tracking progress, and identifying roadblocks. Relatedly, three reviewers specifically highlight the use of FloQast in managing and consolidating balance sheet reconciliations as part of the month-end close. Given the small sample size, these observations provide directional insights into common applications of the software, but may not represent the full spectrum of potential use cases.
Month-end close management
4 mentionsA significant majority of reviewers, 4 out of 5, use FloQast to manage their month-end close processes. Reviewers appre…
A significant majority of reviewers, 4 out of 5, use FloQast to manage their month-end close processes. Reviewers appreciate the software's ability to provide checklists, track progress across different entities, and offer real-time visibility into potential roadblocks. This suggests that FloQast is valued for its organizational and monitoring capabilities during the close process.
Reconciliation process
3 mentionsThree of the five reviewers specifically mention using FloQast for managing and tracking reconciliations, particularly…
Three of the five reviewers specifically mention using FloQast for managing and tracking reconciliations, particularly in the context of the month-end close. This indicates that FloQast is useful for consolidating and managing balance sheet reconciliations across different entities. The software helps ensure that no steps are missed during the reconciliation process.