
FloQast
Overview
FloQast is a leading financial close management software platform designed for corporate accounting departments. It helps streamline and automate the entire close process, from checklist management and reconciliations to tie-outs, journal entries, and PBC requests.
The platform centralizes workflows, documents, and communication, providing real-time visibility into the close progress. Its key strengths lie in improving efficiency, accuracy, and collaboration among accounting teams. By automating repetitive tasks and providing a single source of truth, FloQast reduces manual effort, minimizes errors, and accelerates the close cycle, freeing up accounting professionals to focus on more strategic activities.
FloQast leverages automation and incorporates AI capabilities, particularly in areas like reconciliation matching and variance analysis, to further enhance efficiency and provide deeper insights into financial data.
Key Features
- Centralized Close Checklist Management
- Automated Reconciliation Management & Matching
- Tie-out Management
- Journal Entry Management
- PBC (Provided by Client) Request Management
- Real-time Visibility and Dashboards
- Document Management & Collaboration
- Variance Analysis
- Workflow Automation
- Extensive Integrations with ERP/GL systems and other finance tools
Supported Platforms
- Web Browser
- API Access
Integrations
- NetSuite
- Oracle
- SAP
- Microsoft Dynamics
- Workday Financial Management
- BlackLine
- Coupa
- Slack
- Microsoft Teams
- DocuSign
- Various other ERP, GL, and financial systems
User Reviews
Pros
Improved visibility and transparency of the close process; Centralized location for tasks and documents; Easy to use interface; Streamlines communication.
Cons
Initial setup time can be significant; Reporting features could be more flexible; Customization options may be limited for highly unique processes.
Pros
Excellent for managing monthly close tasks; Great for team organization and collaboration; Easy to attach and store supporting documentation.
Cons
Some users find navigation clunky at times; Mobile accessibility isn't a primary focus; Can be costly for smaller teams.
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