FloQast Customers Go Live in 1 Month, See Payback in 7

Oct 30, 2018 | By Blake Oliver

We’ve got some great salespeople, but they aren’t the best at selling FloQast. Not by a long shot. In fact, our top performers don’t even work in our office! That’s because again and again, our best salespeople are our customers.

While we’re continually soliciting feedback from our customers to improve our close management software, it’s always a nice surprise to see what they’re saying about us behind our backs. We recently discovered that we’re outranking our competition on G2 Crowd by a long shot, and we wanted to share the great news.

G2 Crowd is peer-to-peer, business solutions review platform that aggregates user reviews for business software. Reviews are authenticated and can’t be altered by the software companies, so many buyers use it to research options.

So what exactly did customers have to say?

FloQast Pays for Itself in 7 Months on Average

56 percent of FloQast customers achieved ROI in less than 6 months

56 percent of FloQast users said that their payback period (estimated ROI) was less than six months. In addition to empowering accounting teams to close faster and more accurately, delivering quick ROI is one of the things that gets us most excited.

28 percent of users reported that their payback period was between seven and 12 months. Only 17 percent said ROI took between 12 and 24 months. The average payback period taking all user reports into account is seven months.

When compared to our competition, which comes in a bit under two years at 20 months (with 12 percent even stating they never got full payback!), FloQast’s performance is simply outstanding. And we’re proud of that!

FloQast Requires Less Than a Month to Go Live

96 percent of customers went live with FloQast in under 1 month.

Time to go live is another area where FloQast shines. A whopping 98 percent of users said that they were able to go live in less than a month (there were even a couple who said they went live in less than a day). And 96 percent of users reported that FloQast is easy to use. Ease of use is one of our main priorities with FloQast. We know that our customers’ teams will quickly adopt software that is easy to implement and use.

Our competition, by contrast, took an average of 4 months to go live — four times longer than FloQast. A long implementation is a costly implementation, and it’s a drain on the accounting team’s enthusiasm for a new application. Again, we’re pretty proud of these numbers:

We encourage companies who are considering close management software to hear how our customers are benefiting from FloQast. See real-world examples of how FloQast streamlines the month-end close, helping to manage all the moving parts of your accounting team, eliminating manual ticking and tying, and allowing you to hit deadlines without micromanagement.

Check out the in-depth analysis of the Financial Close Software Comparison of G2 Crowd Reviews, including direct customer feedback. Download the Report.

Blake Oliver
Blake Oliver, CPA, is an entrepreneur, accountant, writer, and speaker who specializes in cloud accounting technology. In 2016 and 2017, Blake was named a “40 Under 40” in the accounting profession by CPA Practice Advisor. He is the Senior Product Marketing Manager for FloQast.

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