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    FloQast

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    Sold by: FloQast 
    FloQast, a provider of accounting workflow automation software created by accountants for accountants, delivers an Accounting Operations Platform that enables organizations to operationalize accounting excellence. Trusted by more than 2,500 accounting teams - including Twilio, Los Angeles Lakers, Zoom, and Snowflake - FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline and manage the Financial Close, Finance and Accounting Operations, and Compliance Programs. With FloQast, teams can manage every aspect of the month-end Close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration throughout the financial function. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

    Overview

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    FloQast's Advanced Workflow Solutions focus on the most burdensome areas of Finance and Accounting to help organizations reduce the burden of manual, repetitive work. With FloQast, teams can capture and codify key business processes to minimize the risk of error and ensure Finance and Accounting maintains a high level of velocity, accuracy, and audit readiness. To achieve long-term gains in operational excellence, FloQast delivers on the promise of financial transformation via three key themes: Close, Connect, and Control.

    FloQast Close: FloQast Close provides a single place for your team to manage month-end Close tasks, enhance accountability, improve accuracy, and collaborate effectively from anywhere. With integrated sign-offs, automated trial balance tie-outs, and alerts if balances change, your team can ensure reporting is accurate and complete the first time. Improve transparency and collaboration by letting your team instantly view the status of all tasks, see notes, and easily communicate from wherever they are working. FloQast customers report an average 26% reduction in Close time, giving your team time to focus on more strategic projects by improving team coordination and automating workflows.

    FloQast Ops: FloQast Ops is a workflow manager that extends the power of FloQast Close, providing greater control over accounting operations and optimizing workflows across every function. Drive centralized visibility by leveraging a centralized Accounting Ops Dashboard to manage by exception, balance workloads, and reduce stress related to missed deadlines and business disruptions. FloQast Ops allows your team to collaborate on tasks and share information seamlessly with colleagues and stakeholders on a single platform.

    FloQast Compliance Management: FloQast Compliance Management reduces financial compliance complexity by streamlining financial controls together with the Close for always-on audit-ready compliance. Reduce complexity by embedding continuous controls capture into critical business processes like the financial close for clear visibility into control ownership and execution. Push controls accountability where it belongs - with business process owners - while increasing visibility into testing status and control effectiveness. Reduce your audit burden with centralized audit evidence and testing, automating your PBC processes for better transparency, collaboration, and assurance.

    For custom pricing, EULA, or a private contract, please contact aws-marketplace@floqast.com , for a private offer.

    Highlights

    • Time Savings: Reduce your close time almost immediately upon implementation. Improve efficiency and time to close continuously over time. FloQast clients see an average 26% reduction in time to close the books monthly and a 26% reduction in time required for the audit process.
    • Workload Balance: Unify and align siloed workflows. Collaborate and communicate in context. Always operate on the same page. Delegate day-to-day tasks with confidence. Foster collaboration and accountability without micromanagement. FloQast clients see an average 28% reduction in effort required to close the books and a 44% improvement in task/workload management.
    • Increased Accuracy: Drive high-precision operations with predictable cycle times and minimal audit risk. Automate tasks, checklists, and data gathering with orchestrated workflows and centralized documentation that aligns the team and eliminates errors. FloQast clients see an average of a 23% reduction in discrepancies found by auditors and a 38% increase in accuracy of close date.

    Details

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    Pricing

    Pricing is based on contract duration. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.

    12-month contract (4)

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    Dimension
    Description
    Cost/12 months
    FloQast Primary Platform
    Manage the Financial Close and other record-to-report operations
    $40,000.00
    FloQast Pro Platform
    Primary + Automate reconciliations and enhance business analysis
    $75,000.00
    FloQast Premier Platform
    Pro + compliance management, risk assessment & automated audit testing
    $100,000.00
    FloQast Compliance Management
    Compliance management, risk assessment, and automated audit testing
    $60,000.00

    Vendor refund policy

    Refunds are not offered for this product. All fees are non-cancellable and non-refundable as set forth in the terms except as required by law.

    Custom pricing options

    Find a fit for enterprise or unique needs with a private offer.

    Legal

    Vendor terms and conditions

    Upon subscribing to this product, you must acknowledge and agree to the terms and conditions outlined in the vendor's End User License Agreement (EULA) .

    Content disclaimer

    Vendors are responsible for their product descriptions and other product content. AWS does not warrant that vendors' product descriptions or other product content are accurate, complete, reliable, current, or error-free.

    Usage information

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    Delivery details

    Software as a Service (SaaS)

    SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.

    Resources

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    Support

    Vendor support

    FloQast supports clients in every step of their journey, partnering with customers to ensure they reach desired business outcomes from implementation and beyond. An overwhelming majority of frontline Customer Success employees are former accountants, ensuring our customers are positively impacted by true industry experts.

    During implementation, customers experience a seamless, lightweight, and fast onboarding journey from the FloQast Professional Services team or our exclusive network of Partner Implementers. Customers also benefit from personalized Integration Support, ensuring all interconnected systems are configured accurately and securely.

    After a successful launch, customers receive ongoing care from our Accounting Success Management team, whose focus is on understanding client-specific goals and equipping customers to adopt new and existing FloQast features to achieve those business outcomes.

    If a customer runs into any technical hurdles, FloQast provides a dynamic and responsive technical support experience. We have certified Product Support Specialists across the globe, making it effortless for our customers to get the support they need, whenever they need it.

    FloQast also equips clients with on-demand resources through FloQademy, an online learning portal designed to empower Finance and Accounting teams to onboard, engage, and expand their knowledge of product solutions. Courses are eligible for Continuing Professional Education (CPE) and Continuing Professional Development (CPD) credits, ensuring that FloQast is supporting customers both within the product and in their professional endeavors as we seek to elevate the accounting profession. Support email: support@floqast.com 

    AWS infrastructure support

    AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.

    Customer reviews

    Ratings and reviews

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    1211 external reviews
    External reviews are sourced from G2  and are not included in the star rating for this product.
    Accounting

    Love this product!

    Reviewed on Oct 07, 2024
    Review provided by G2
    What do you like best about the product?
    It is easy to use and it's a great way to keep track of month end close!
    What do you dislike about the product?
    There's nothing I dislike about FloQast!
    What problems is the product solving and how is that benefiting you?
    It helps me keep track of all the month end close tasks I have to do, and I can sign off on them when they are finished! My boss can then keep track of our progress.
    Leslie Ann C.

    Adds Efficiency & Accuracy to Month End Close

    Reviewed on Sep 26, 2024
    Review provided by G2
    What do you like best about the product?
    We have been using FloQast for a little over a year and it has helped us shorten our close time to 4.5 days. Completing the reconciliations in FloQast has added efficiency and accuracy to our teams review. The platform has also added a level of transparency and controls that we did not have prior to implementing FloQast. I can't say enough good things about the platform and the added features that are being released.
    What do you dislike about the product?
    The only function I find inefficient to use is signing off on reconciliation. It would be great to see this just be a pop up window.
    What problems is the product solving and how is that benefiting you?
    FloQast adds controls, transparency, and efficiencies to our close process.
    Yatzelli M.

    Great platform to manage the end month closing

    Reviewed on Sep 25, 2024
    Review provided by G2
    What do you like best about the product?
    That you can see how your team is progressing live
    What do you dislike about the product?
    I would like to have a multi sign off button
    What problems is the product solving and how is that benefiting you?
    Easier to control the financial close
    Ange I.

    Streamlined and Efficient Close Process

    Reviewed on Sep 24, 2024
    Review provided by G2
    What do you like best about the product?
    What I liked least about FloQast was that the initial setup and customization required a significant time investment, particularly for organizations with complex accounting processes. Additionally, while the platform is powerful, there were occasional issues with syncing data from certain accounting systems, which could cause minor delays in the closing process.
    What do you dislike about the product?
    What I liked least about FloQast was the initial learning curve for the team. While the platform is user-friendly, getting everyone up to speed took some time.
    What problems is the product solving and how is that benefiting you?
    FloQast addresses several key challenges in our accounting processes. One major problem it solves is the inefficiency of the month-end close. By automating reconciliations and streamlining workflows, it has significantly reduced the time and effort required to complete our close process.

    Additionally, FloQast enhances collaboration within the team, ensuring everyone is aligned and accountable for their tasks. This transparency has minimized miscommunication and errors, leading to more accurate financial reporting.

    The benefit of these improvements is twofold: we not only save time and reduce stress during the close, but we also gain greater confidence in our financial data, which supports better decision-making within the organization
    Higher Education

    FloQast is an excellent tool for monthly reconciliations.

    Reviewed on Sep 17, 2024
    Review provided by G2
    What do you like best about the product?
    The reminders help me stay on track. The check lists and reconciliations lists help me to stay on target for what my tasks are for the month. The auto-rec is great and saves a lot of time.
    What do you dislike about the product?
    The auto-rec requires some set up and training to learn how to use, but this is normal with any new system. Customer support is very helpful in the training process.
    What problems is the product solving and how is that benefiting you?
    Development of new features for depreciation expenses and more auto-rec capabilities.
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