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What’s Floqast?
FloQast is a monetary administration software program that was created by accountants for accountants so as to shut sooner and extra precisely. Geared up with quite a lot of superior and important options and instruments, this software program is good for every type of companies. It’s a cloud-based accounting answer that has been designed particularly for monetary account managers, monetary officers, and accountants.
FloQast shut administration software program permits customers to handle data that’s associated to consumer information, accounting processes, reconciliations, and paperwork. The answer helps customers to automate in addition to monitor the reconciliation progress by means of a standing dashboard. A number of key options of this beneficial monetary software embody reporting, analytics, reconciliation administration, and collaborative checklists. FloQast additionally helps accountants to handle shut checklists, set up audits and automate tie-outs.
FloQast customers can combine with present Excel workbooks which tie again to a normal ledger. This distinctive answer offers collaboration instruments such because the word evaluation function that helps customers to maintain all communication documented and saved securely. These notes are then additionally included in auditing processes. The software program offers its providers on a per thirty days and per person foundation. It helps a number of currencies and offers buyer help by way of electronic mail, over the telephone, and thru the technique of a web-based helpdesk. FloQast allows customers to shut their books effectively in a collaborative and safe surroundings.
Vendor Particulars
- Firm: FloQast
- Web site: www.floqast.com
- Based in 2013
- Founders: Mike Whitmire
- Los Angeles, United States
Key Metrics of FloQast
FloQast interfaces with outstanding ERP techniques similar to Intacct and NetSuite to simplify closes. The software program is designed by professional CPAs to assist take advantage of out of the way in which accountants function each day. The result’s a a lot faster shut with automated tie-outs and pain-free audits. On common, FloQast clients shut three days sooner as in comparison with the customers of different software program. The award-winning answer is trusted by a whole lot of accounting departments, together with market leaders similar to Zillow, Twilio, Nutanix, and The Golden State Warriors.
Developed and supported by accountants, FloQast works with present checklists and Excel to work the way in which a staff in a agency does to handle the shut. Bringing reporting, collaboration, and course of administration collectively in a single, intuitive answer, FloQast offers one place to handle the shut and instill higher confidence that the data is full and correct. As FloQast is simple to deploy and straight integrates with ERPs, enterprise groups could be up and operating in lower than two weeks.
Makes use of/ Functions
- Improve Shut Guidelines
- Manage Audit Assist
- Automate Account Reconciliations
- Shorten Shut Time
- Enhance Audit and SOX Compliance
- Shut Books Quicker
- Handle the Month Finish Shut on One Single Platform
- Streamline month-end shut
Options
- Collaboration Instruments
- Actual-Time Figures
- Intuitive Dashboards
- Computerized Documentation Of Processes
- Customizable Processes
- Automated And Audit-Prepared System
- Financial institution Reconciliation
- Strategic Planning
- Dashboard
- Key Efficiency Indicators
- Advert hoc Evaluation
- Advert Hoc Studies
- Consolidation / Roll-Up
- Audit Path
- Stability Sheet
- Multi-Firm
- Multi-Division / Mission
- Common Ledger
FloQast Pricing
Enterprise: $125/ person/ month (billed yearly)
- Reporting
- Single Signal-On Integration (SSO)
- Premium Assist(Extra Value)
- Collaborative Guidelines
- Evaluation Notes
- Reconciliations Administration
Company: $150/ person/ month (billed yearly)
- Premium Assist(Extra Value)
- Shut Analytics
- Audit Customers
- Collaborative Guidelines
- Evaluation Notes
- Reconciliations Administration
- Reporting
- Single Signal-On Integration (SSO)
Enterprise: Beginning at $9,000/ 12 months for as much as 5 customers
$15,000/ 12 months for as much as 10 customers (Licensed and billed yearly)
(At present obtainable solely on Oracle NetSuite and Sage Intacct)
- Collaborative Guidelines
- Premium Assist
- System Administrator Position
- Consumer Reporting & Audit Logs
- Flux Evaluation
- Evaluation Notes
- Reconciliations Administration
- Reporting
- Single Signal-On Integration (SSO)
- Shut Analytics
- Audit Customers
Click on here to request a quote.
- Outsourced Accounting Corporations: Particular Pricing
- World Shopper Visibility
- Specialised Billing Phrases
- Per-Consumer Billing
- Devoted Assist
Click on here to request a quote.
FloQast Execs and cons
FloQast is without doubt one of the most prominently used monetary closing software program worldwide. Listed beneath are among the software’s main advantages and disadvantages.
- Quick implementation and effectivity
- Worth for cash providers
- Ease of use and modification
- The web site is intuitive to make use of
- Nice visuals
- Glorious buyer help
- Consumer-friendly
- Simple audit trails
- Retains monitor of guidelines and excellent gadgets
- Retains updating adjustments in accounting software program
- Highlights imbalances
- Useful evaluation notes
- Hashtag function
- Supplies customers with the flexibleness and computational energy of Excel
- Presents robustness of a reconciliation information warehouse
- Eliminates guide ticking and tying with automated tie-outs
- Helps to hit deadlines with out micromanagement
- Minimizes human error by automating guide month-end shut duties
- Hand over financials with confidence and guarantee completeness
- Collaborate by means of evaluation notes & flux evaluation
- Focuses on excessive precedence gadgets
- Unifies processes
- Onboard staff sooner
- Automated roll ahead
- Work dynamically in Excel
- Enhance audit readiness
- Minimize audit prices
- Guarantee accounts keep tied out
- Achieve the last word 360-degree view
- Maximizes staff effectivity and optimizes shut
- Incapacity to separate preparer and reviewer from having one thing due
- Going forwards and backwards between BOX and FloQast
- Including new subsidiaries
- New guidelines gadgets
- Organising recons and making certain that the storage supplier is set-up precisely is a problem
- Doesn’t present any notifications when the earlier month reconciliation is out of steadiness
- Administrative capabilities can show to be cumbersome
- Renaming folders inside the FloQast software
FloQast Integration
1. ERP Integrations
- NetSuite
- TB Add
- Intacct
2. Cloud Storage Integrations
- Google Drive
- Field.com
- Dropbox
- Egnyte
- TB Add
- Intacct
- Common Ledger Credentials
- Cloud Storage Integrations
- Google Crew Drive
- OneDrive
3. SSO Integrations
- Single Signal-On (SSO) Integrations
Study extra about FloQast’s integrations by clicking here.
Specification
Supported Units
- iPhone/iPad
- Linux
- Android
- Mac
- Internet-based
- Home windows
Language Assist
- English
Pricing Mannequin
- Quote-based
Buyer Varieties
- Small Companies
- Medium Enterprises
Deployment
- Cloud Hosted
- SaaS
- Internet
FloQast Assist
- Cellphone help
- Coaching
- Tickets
- On-line
- Webinars
- Case research
Click on here to schedule a reside demo.
Awards/ Accolades/ Certifications
- Firm of the 12 months laptop software program: 2017 Stevie Gold Winner
- Quickest Rising Firm of the 12 months: 2017 Stevie Gold Winner
- New Product or Service of the 12 months: 2017 Stevie Silver Winner
- Most Modern Tech Firm of the 12 months: 2017 Stevie Silver Winner
- Gartner 2018 Chief: Decrease Midmarket Group, Cloud Monetary Shut Options
FloQast Opponents
Listed here are some FloQast options Toolsmetric advocate you to see earlier than opting this software program for your enterprise :
- QuickBooks
- Sage Enterprise Cloud Accounting
- Zoho Books
- Hubble
- Dynamics 365
- BillFixers
- ExpenseWatch
- Past
- JetPay
- CheckIssuing
- Float
- Kelloo
- Kashoo
- Cognos
- CA PPM
- ZipBooks
- Xero
- IBM Cognos
- Bench Accounting
- FinancialForce Accounting
- Chargebee
- Hubdoc
- FreshBooks
- Chargify
- SignRequest
- Sage Intacct ERP
- Recruiterbox
- Sage 50cloud
- Oracle NetSuite ERP
- Anaplan
- Host Analytics Planning
- Benefit 365
Prime FloQast Alternate options
Float
Float is an award-winning monetary reporting software program. Its options embody money budgeting, circulation forecasting, and money administration. The software is particularly designed for built-in use with Xero, QuickBooks On-line or FreeAgent. Customers can view their money circulation on a day by day, weekly and month-to-month foundation. They’ll additionally make a situation plan on the click on of a button and predict forecast three years into the long run. Float reads quantities and anticipated dates on each invoice and bill, giving customers granular, actionable insights into their money circulation that may be shared with banks, traders or boards.
IBM Cognos
IBM Cognos Analytics software program is an online-based enterprise intelligence platform that provides a whole array of BI software program to assist companies meet their monetary targets. The monetary reporting software program is taken into account one of many leaders within the subject of enterprise intelligence and provides an in depth suite of over thirty merchandise. A few of the finest options of Cognos Analytics embody reporting, analytics, scorecard, information integration, and the intuitive dashboard.
Conclusion
In conclusion, FloQast is a closing software program designed by skilled accounts to assist companies shut their books within the quickest and most correct means. This distinctive feature-rich platform is constructed with quite a lot of superior and important options and instruments wanted to shut books, similar to organizing, monitoring, and automating processes associated to the month-end. With FloQast, main procedures similar to trial steadiness reconciliations in addition to paperwork, staff members, evaluation notes, and audit help are effectively streamlined.
