Home > Accounting Software > FloQast > FloQast vs BQE Core

FloQast vs BQE Core

Last Updated: November 25th, 2024

Our analysts compared FloQast vs BQE Core based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

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Product Basics

FloQast is a comprehensive software solution designed to streamline and enhance the accounting processes for businesses. It is particularly well-suited for medium to large-sized companies looking for an efficient way to manage their accounting tasks, including closing books faster and more accurately. One of the key benefits of using FloQast is its ability to improve collaboration among accounting team members, thereby enhancing overall productivity. The software boasts popular features such as close management, reconciliation, and integration with existing ERP systems, which collectively help in automating and simplifying the accounting workflow. When compared to similar products in the market, users often highlight FloQast's user-friendly interface and robust support as distinguishing factors. Pricing considerations for FloQast typically involve a subscription model, where the cost can vary based on the size of the organization and the specific features required, ensuring that businesses only pay for what they need. Payment frequency is usually on a monthly or annual basis, providing flexibility to suit different budgeting requirements.

BQE Core streamlines accounting processes for mid-sized businesses, simplifying tasks like bookkeeping, invoicing, and financial reporting. Its intuitive interface and automation features cater to users with varying accounting expertise, making it suitable for both in-house accountants and bookkeeping teams. The software boasts strong general ledger functionality, multi-currency support, and real-time financial insights, enabling better decision-making. Popular features include bank reconciliation tools, inventory management, and project accounting capabilities. Users appreciate BQE Core's scalability and customizability, allowing it to adapt to specific business needs. While subscription pricing varies based on company size and required modules, it generally falls within the mid-range compared to similar accounting software. BQE Core prioritizes ease of use and automation, making it a solid choice for businesses seeking to streamline their accounting operations and gain valuable financial insights.

Pros

Intuitive interface
Time-saving automation
Comprehensive features
Flexible customization
Scalability for growth

Cons

Limited mobile app
Occasional bugs reported
Steeper learning curve
Customization requires effort
Pricing can be complex

$1,920 Annually

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$19.95/User, Monthly

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Product Insights

Speedy Accounting Process: Connect people, documents and reconciliations for a streamlined accounting process. Boost the most common accounting processes like expense management, billing and credit and close at an average of three days faster.
Easy Collaboration: Provide the tools to connect team members quickly and easily anywhere, anytime. Operate as a single, unified virtual team from anywhere.
Stay Audit Ready: Organize data to keep the business ready for smooth and efficient audits by documenting and time-stamping all the work processes.
Streamline Accounting Workflow: Streamline and automate common accounting workflow to save time, money and person-hours that would be otherwise spent on mundane tasks.
Easy Integration: Integrate with ERP systems and Excel workbooks to automate reconciliation ties-ups. Leverage traditional accounting tools.

Beefed-Up Security: The software runs on the cloud, so users can rest assured that they can access data from any location with a Wi-Fi signal. Their information also has an extra layer of security.
Artificial Intelligence: Users can stay in the know about their company's financial data, daily agenda and more to make informed business decisions with the AI-powered Core Intelligence tool. Core Intelligence becomes smarter and offers enhanced results when users ask more questions.
Automatic Data Conversion: Currency, numbers and dates are always formatted to company preferences. A user's current location has no impact on the company's currency, numeric values or dates.
Monitor Human Resources: Users can oversee their HR department information including salary, incidents, benefits, forms, sick and vacation time, retirement packages and more.
Manage Employees' Responsibilities: BQE Core allows users to allocate ideal tasks and responsibilities to the right employees. Users can also restrict permissions on recording tasks and expenses to diminish errors.
Compile Bill Schedules: Users can generate bills for a project's entire lifecycle or the preliminary stages. Users can set time for other tasks when they set up recurring billing for projects.

Security: Get SOC1 Type II certifications, which ensure review viability by a third-party auditor. Leverage a financial management software that utilizes SSL 256 AES encryption and leading authentication protocols.
Multi-Currency Support: Support all the major currencies, giving businesses the power to conduct transactions globally and seamlessly manage the month-end close across international boundaries
Zero Storage Fee: Ensure that sensitive data gets well secured in the system without charging an extra fee.
Implementation: Get implementation on the phone by a team of CPAs and accounting experts in only a few weeks, unlike other alternatives, which can take months.
GL Integration: Provide seamless integration with Cloud ERP that pulls out the GL balance and automatically matches it to the Excel spreadsheet, without any human intervention
Quick Implementation: Get it up and running in a few weeks. Eliminate costly, time-consuming implementations that come with associated risks.
Other Products:
- Close Management: Use Close to ensure that wrapping up the books is quick and easy. Save three days every month by organizing, automating and executing the close in the cloud.
- Account Reconciliation: Use Auto Rec Matching to match bank transactions to the general ledger in real time. Improve your account reconciliation without spending hours manipulating, color coding and copy-pasting data in Excel. Automate the accounting process and reduce review time and audit questions.
- Financial Reporting: Prepare the data for IPO day by documenting and assigning everything in the close process. Identify bottlenecks while the model documents and assigns respective work to team members.
- Flux: Automate report building and gain the flexibility to meet the business’s requirements. Deliver flux reports on time by periodically tracking sign-offs and communication.
- Analyze: Get rich insights to identify the problem areas and maximize productivity to enhance future closes. Promote a culture of accountability and improvement with historical financial data

Vigilant Dashboard: The dashboard module enables users to pick and choose which key performance indicators (KPIs) are displayed. Users also receive immediate data updates so they can act quickly if problems arise.
Develop and Edit Several Dashboards: Users can create several dashboards to fit the needs of their business. They can also modify pie charts, bar graphs and interactive lists in each dashboard.
Work with Various Currencies: Users can attach receipts and document expenses in multiple currencies for any oversea transactions.
Record and Manage Time: Simple timers and timesheets allow users to record their time quickly and more efficiently. Users can easily alternate between various timers. This module is mobile-friendly, so users can track and record time on any device.
Supervise and Forecast Projects: Users can oversee the financial progress of projects and prioritize the most valuable projects with the project management tool. Users receive prompt answers to the essential project and performance-related questions.
Several Billing Methods: The billing module permits users to choose different forms of billing such as hourly, fixed, retainer and more. Users can also process bills in batches or immediately on a pre-set schedule.
Detailed Reports: Users receive elaborate insights on the financial and operational statuses of their company with the report accessory. Users can design and share reports as PDFs, Word documents or Excel files with the automatic sharing component.
Instant Bank Feeds: The accounting tool authorizes users to develop financial reports such as balance sheets and profit and loss reports based on class or individual projects for intricate insights.
Monitor Employee Performance: Users can utilize Core HR's employee journal to evaluate employees by documenting overall performance, outstanding achievements, conversations and more.
Diverse Integrations: BQE Core integrates with other software like Google Drive, MYOB AccountRight, QuickBooks, Amazon and more.

Product Ranking

#133

among all
Accounting Software

#158

among all
Accounting Software

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Analyst Rating Summary

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User Sentiment Summary

97%

of users recommend this product

FloQast has a 'excellent' User Satisfaction Rating of 97% when considering 52 user reviews from 1 recognized software review sites.

86%

of users recommend this product

BQE Core has a 'great' User Satisfaction Rating of 86% when considering 354 user reviews from 4 recognized software review sites.

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4.25 (98)

Awards

Synopsis of User Ratings and Reviews

Streamlined Close Process: FloQast offers features to centralize and automate tasks, such as reconciliations and checklists, which can significantly reduce the time it takes to close the books each month.

Improved Visibility and Control: The platform provides real-time dashboards and reporting tools that give accounting teams better insights into the close process, allowing for proactive issue identification and resolution.

Enhanced Collaboration: FloQast facilitates communication and collaboration among team members by providing a centralized platform for task management, document sharing, and communication.

Reduced Risk of Errors: Automation and standardization of processes can help minimize the risk of human error, leading to more accurate financial reporting.

Intuitive Interface: Easy to learn and navigate, even for non-accountants.

Automation Powerhouse: Saves time and reduces errors with automated tasks like bank reconciliation and invoice generation.

Scalability and Flexibility: Adapts to growing businesses and diverse accounting needs with customizable modules and features.

Actionable Insights: Real-time dashboards and reports provide clear financial visibility for informed decision-making.

Collaboration Booster: Shared workspaces, task assignments, and approval workflows streamline team accounting processes.

Steep Learning Curve: The initial setup and configuration of FloQast can be complex, requiring significant time investment and training to understand its functionalities and workflows effectively.

Limited Customization: FloQast's features and workflows may not align perfectly with the specific needs and preferences of all accounting teams, potentially leading to inefficiencies or workarounds.

Integration Challenges: Integrating FloQast with existing accounting software or other business systems can be technically challenging and may require additional IT support or custom development.

Cost Considerations: FloQast's pricing structure may be a concern for smaller businesses or those with limited budgets, as the cost can vary depending on the number of users and features required.

Limited Mobile App: Functionality lags behind desktop version, hindering on-the-go access.

Occasional Bugs: Users report occasional bugs and glitches, impacting workflow.

Steeper Learning Curve: Interface can be less intuitive compared to some competitors, requiring more training.

Customization Effort: In-depth customization can be complex and require technical expertise.

Pricing Complexity: Tiered pricing structure and optional modules can make cost calculations intricate.

FloQast is a cloud-based accounting software specializing in cash flow management, bank reconciliation, and financial close processes. While some users praise its ease of use and time-saving features like automated reconciliation for various accounts, others express concerns about its price and limited features compared to competitors. For example, unlike Bill4Time, FloQast is a standalone accounting solution, meaning it may not integrate with as many other business tools. FloQast's strength lies in its focus on streamlining financial close processes with templatized checklists for tasks like requesting information from department heads and confirming payments. This makes it particularly well-suited for businesses that prioritize efficient financial close procedures. However, businesses seeking a more comprehensive accounting solution with extensive integrations might find FloQast lacking.

BQE Core users praise its intuitiveness and automation features, saving them time and reducing errors. It's lauded for its scalability and flexibility, adapting to growing businesses and diverse needs, which some users find lacking in simpler rivals. Real-time insights and seamless collaboration features are also appreciated, empowering informed decision-making and team efficiency. However, a limited mobile app and occasional bugs can disrupt workflow, drawing comparisons to competitors with more robust mobile experiences. While BQE Core's extensive customization options are admired, some find it steeper to learn and configure compared to user-friendly alternatives. Pricing can also be complex, requiring careful consideration of modules and user licenses, unlike competitors with clearer upfront costs. Ultimately, BQE Core shines for its ease of use, automation, and scalability, but users must weigh occasional technical hiccups and intricate pricing against its strengths. Those seeking a mobile-first or simplified experience might explore other options, while BQE Core excels for businesses prioritizing customization and growth potential.

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FAQ

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