Market Overview

User Satisfaction Comparison Finds FloQast is 4x Faster to Implement than Legacy Close Management Software

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G2 Crowd Financial Close Product Comparison Finds Accounting Teams
Who Selected FloQast Realize ROI in 7 Months Versus 20; Implement in 30
Days or Less

FloQast,
a provider of close management software created by accountants for
accountants to close faster and more accurately, announced Financial
Close Product Comparison data from G2
Crowd
user reviews that show integrating the cloud-based solution to
be 4x faster while providing ROI in almost a third of the time when
compared to legacy accounting and finance software.

G2 Crowd, the world's leading business and software review platform, recently
compared
user satisfaction ratings of FloQast to that of BlackLine
in the financial close vertical. Based upon 151 actual customer reviews,
90+ percent of respondents found implementing FloQast to take less than
30 days versus the legacy competitor's average of 120 days.

"Legacy accounting solutions oftentimes force companies to change their
processes versus integrating with those that are well understood and
familiar," said Michael Whitmire, CPA, co-founder and CEO of FloQast.
"Modern, cloud-based close management software by contrast integrates
with existing tools and business processes resulting in fast
implementation and rapid user adoption."

A traditionally underserved sector of business, mid-market companies
have typically found implementing legacy finance and accounting
solutions created for large enterprises to be costly and time consuming.
FloQast provides powerful, yet easy-to-use, close management software
ideal for midmarket organizations. Rapidly growing companies like Dollar
Shave Club, Zillow, Zscaler, SoFi, Okta, Indeed, DocuSign and hundreds
of others have turned to FloQast's modern, cloud-based solution to close
their month's financials quicker and more efficiently. And the
accounting industry is taking note.

"Given the increasingly complex accounting environment and the pressure
to efficiently close the books in a compressed timeline with accuracy,
manual processes and legacy solutions that take months to implement and
almost two years to see payback are not an option," said Gary
Klintworth, Managing Director, ARC Consulting. "Modern solutions that
are easy to use, quick to implement and integrate with existing tools
and systems are the future and FloQast is emblematic of that trend."

G2 Crowd also found that more than half of user reviews reported
recouping their investment in seven months of starting to use FloQast.
BlackLine took an average of 20 months as determined by their G2
Crowd user reviews in the comparison
. FloQast customers typically
close their books up to three days faster and more accurately when
implementing the close management software.

To learn how FloQast shortens the month-end close process and increases
accuracy, visit www.floqast.com/products
and follow on Facebook
and Twitter.

Data Source: Financial
Close Product Comparison
is based on G2 Crowd user reviews as of May
24, 2018. Data is derived from 53 reviews of FloQast and 98 reviews of
BlackLine. Financial Close Product Comparison is compiled by and
licensed from G2 Crowd.

About FloQast

FloQast is award-winning close management software, created by
accountants for accountants to close faster and more accurately. On
average, accounting teams who rely on FloQast close three days faster.
Seamlessly integrated with ERPs and leveraging your existing checklists
and Excel, FloQast provides a single place to manage the month-end close
and gives everyone visibility. The cloud-based software is trusted by
hundreds of accounting departments, including those at Door Dash,
AdRoll, Indeed, Shopify, Ancestry.com, Twilio, Dollar Shave Club, Zillow
and The Golden State Warriors. To learn more, visit www.floqast.com
and join the conversation on Twitter @floqast.

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