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In the Spotlight: Insights from G2’s Spring 2024 Report
As the financial landscape continues to evolve, the importance of reliable and efficient financial close management software cannot be overstated. In this dynamic environment, staying ahead of the curve is not just desirable; it’s essential for maintaining competitiveness and driving growth. That’s why the release of G2’s Spring 2024 Grid Report is always eagerly awaited, as it offers a comprehensive assessment of the leading solutions in the field.
Once again, FloQast emerges as a frontrunner in the Spring 2024 Grid Report, reaffirming its position as a market leader in financial close management software. With its sixth consecutive quarter at the top spot, FloQast demonstrates not just consistency but also a deep understanding of the evolving needs of finance and accounting professionals.
In this blog post, we’ll delve into FloQast’s latest achievements in the G2 Spring 2024 Grid Report, exploring the factors behind its continued success and the impact it has on finance teams worldwide. From dominating the field to earning accolades in enterprise and mid-market segments, FloQast’s triumphs underscore its unwavering commitment to excellence and innovation.
Let’s dive into the details and celebrate FloQast’s remarkable journey to the top of the financial close management landscape.
Leading the Pack
For the sixth consecutive quarter, FloQast secured the number one position in G2’s highly acclaimed Spring 2024 Grid Report for Financial Close Management software in both the Mid-Market and Small-Business Financial Close Software categories.
Users point to FloQast’s effectiveness in meeting the evolving needs of finance and accounting professionals and user experience in particular.
“I really like how I can use negative workdays (offset days), [and] I LOVE the Teams application where I can just send a message and have an instant to-do list,” said one user. “It’s really helping keep track of re-occurring entries and invoices. We are getting more people on the application from my team and I see the potential…
I can’t wait to have more of my time back once it’s all fine-tuned for my organization. Still learning the apps and add-ons that aid this software to its full potential.”
Excellence in the Enterprise
In addition to its overall leadership, FloQast continues to resonate with users at at the enterprise level, in particular.
In the latest G2 report, enterprise user reviews ranked FloQast #1 for Best Estimated ROI.
“Prior to using FloQast, we had all of our close checklist items in Google Sheets,” wrote one user at an enterprise-level company. “It was difficult to maintain and lacked a clean timeline view of when items were occurring throughout the close. Amounts were being reconciled manually from Excel to our ERP (Netsuite) and it took a lot of additional time from the team to show that this was occurring appropriately. Once we implemented FloQast, all of these problems went away! We have great visibility into when tasks and reconciliations are occurring, who is doing them, and where the bottlenecks are. The ability for FloQast to systematically ensure that the Excel reconciliations agree to our ERP and remain in balance has been a game changer for reviewers. I would recommend FloQast to anyone who is looking to streamline and optimize their close process!”
FloQast has always strived to make the implementation process as seamless as possible. At the enterprise level, with subsidiaries, operating regions, and higher levels of users much more likely, this can pose a challenge for both the vendor and the client. However, FloQast still landed the top spot on the G2 Spring 2024 Grid Report as the Most Implementable solution in the enterprise category.
“I appreciate how hands-on the FloQast team is in supporting us,” said a user at an enterprise company. “The team has quarterly check-ins with our team, and really makes us feel like our feedback is being taken into account. The suite of features offered have helped us streamline some of our processes and our whole team is able to implement the features easily.”
At the end of the day, teams need to see the results they were promised. Once again, FloQast found itself awarded the Best Results badge at the enterprise level.
“…The FloQast team provides results! If there is a feature FloQast currently doesn’t offer, they will actively work to implement this in the future. FloQast team members are knowledgeable, considerate, and genuinely care about the success of the companies that use their products. Our team repeatedly mentions how we wish every vendor we use were as excellent as FloQast,” said Mary Maze, a Senior Accountant at PepperPointe Partnerships, PLLC.
The Golden Standard for Mid-Market
According to users, FloQast’s prowess excels in the Mid-Market and for Small Businesses, which continues to set the standard for excellence.
In the report, FloQast was named as having the Best Results for the Mid-Market and at the enterprise level.
“…Very easy/clear to use (book-keepers to tech-savvy controllers can manage using it),” wrote Kara Schuler, CPA, Vice President of Finance, Granite Comfort LP. “One-stop shop for all support results in easier audits. Implementation was also a breeze. And last but not least, the customer support is second to none – they are AMAZING. They are always there for you (you won’t need it frequently), but this team is very bright, motivated, and always willing to help.”
Keeping It Global
FloQast’s influence extends globally, with leader badges secured across various regional reports, including the Americas, EMEA, Europe, Asia, and Asia Pacific Grid Reports for Financial Close. This reflects FloQast’s expanding footprint in international markets, including the Australia/New Zealand region.
“The Balance Sheet Reconciliation module is absolutely amazing. Now, the team and the company can’t live without [FloQast],” wrote Martin Dalskov, the Director of Finance for Podimo (based in Denmark). “It ensures compliance, timely reconciliations, and an easy-to-use file management system that syncs automatically with our Google Workspace environment for online storage management.
Moreover, their onboarding (led by Nicholas Marrazzo) and support (led by Brittany Shaw) teams are the best I have ever worked with! They made the onboarding and the day-to-day use a real success!
Summing up his overall experience with FloQast, Martin was emphatic.
“I wish I had found this earlier in my career!”
Read more about the Podimo customer success story here.
Final Thoughts: FloQast Through the Users’ Eyes
Ultimately, this is based entirely on what FloQast users are reporting. It’s not about flashy marketing or big claims; it’s about the genuine experiences shared by finance and accounting professionals who rely on it day in and day out.
“The visibility into the account balances, differences, and easy access to the reconciliations makes reviewing accounts at the end of the month much quicker and easier,” said Justin Parks, Corporate Controller, Technimark. “The organization, locking of periods, getting notices when reconciliations go out of balance are also nice. The ability to group families of accounts that use one reconciliation or accounts that should net to zero has also been a considerable time saver.”
