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FloQast VS SAP Analytics Cloud

Compare FloQast VS SAP Analytics Cloud and see what are their differences

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Contents:
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  2. » Videos
  3. » Reviews
  4. » Alternatives

FloQast logo FloQast

Web-based software to manage accounting departments by centralizing the workflow, assigning tasks with supporting documentation.

SAP Analytics Cloud logo SAP Analytics Cloud

SAP Analytics Cloud is an all-in-one platform for business intelligence, planning, and predictive analytics, supporting better business decisions
  • FloQast Landing page
    Landing page //
    2023-10-23
  • SAP Analytics Cloud Landing page
    Landing page //
    2023-05-10

FloQast features and specs

  • Automation
    FloQast provides automated account reconciliation and collaboration features, reducing manual effort and increasing efficiency in the financial close process.
  • Integration
    Easily integrates with popular accounting systems like QuickBooks, NetSuite, and Sage Intacct, which allows seamless data flow and reduces data entry errors.
  • Real-time Visibility
    Offers real-time dashboards and status updates to give users insight into the progress of the close process, enhancing transparency and allowing for quick decision-making.
  • User-Friendly Interface
    The platform's intuitive and easy-to-navigate interface makes it accessible for users with varying levels of tech-savvy and experience.
  • Collaboration Tools
    Provides robust collaboration tools that facilitate communication among team members, ensuring everyone is aligned and any issues are quickly addressed.

Possible disadvantages of FloQast

  • Cost
    FloQast might be cost-prohibitive for smaller businesses or startups due to subscription fees, which could impact their budget allocation.
  • Learning Curve
    While user-friendly, initial setup and training could require a learning curve for teams not familiar with financial close software.
  • Customization Limitations
    Some users may find the customizability options limited, which might not fully meet the specific needs of all organizations.
  • Customer Support
    There may be occasional concerns about the responsiveness or effectiveness of customer support, which can affect user experience during critical close periods.

SAP Analytics Cloud features and specs

  • Integrated Platform
    SAP Analytics Cloud provides an integrated platform where users can handle business intelligence (BI), predictive analytics, and planning under one roof, eliminating the need for multiple tools.
  • Real-time Analytics
    The platform offers real-time data analytics and visualization capabilities, enabling quick decision-making based on current data.
  • Collaboration Features
    SAP Analytics Cloud includes collaboration features like commenting and sharing, which facilitate team collaboration on data analysis and reporting.
  • Advanced Analytics
    It provides advanced analytics features, including machine learning algorithms and predictive analytics, to forecast future trends and behaviors.
  • Seamless Integration with SAP Ecosystem
    The analytics cloud integrates seamlessly with other SAP solutions, providing a cohesive experience for users already within the SAP ecosystem.

Possible disadvantages of SAP Analytics Cloud

  • Cost
    The cost of SAP Analytics Cloud can be relatively high compared to other analytics solutions, which might not be feasible for smaller businesses.
  • Complexity
    The platform can be complex to set up and use, requiring a certain level of expertise and potentially extensive training for users.
  • Performance Issues
    Some users have reported performance issues, particularly with large datasets or during peak usage times.
  • Customization Limitations
    There may be limitations in customization options, which can restrict tailoring the solution to specific business needs.
  • Dependency on Internet Connectivity
    As a cloud-based solution, its functionality is highly dependent on stable internet connectivity, which can be a downside for users in areas with unreliable internet access.

Analysis of SAP Analytics Cloud

Overall verdict

  • Yes, SAP Analytics Cloud is generally considered a good business intelligence and data analytics tool.

Why this product is good

  • SAP Analytics Cloud offers a comprehensive suite of tools for planning, analysis, and data visualization. It seamlessly integrates with SAP systems and other data sources, providing real-time insights and collaboration features. Its cloud-based architecture ensures accessibility and scalability, and it supports advanced analytics, including predictive analytics and machine learning capabilities.

Recommended for

  • Businesses that already use SAP solutions and want an integrated analytics platform.
  • Organizations in need of a scalable and flexible cloud-based analytics solution.
  • Companies looking for a comprehensive tool that combines BI, planning, and predictive analytics.

FloQast videos

+ Add

Transform Your Month-End Close in 30 Minutes with FloQast

More videos:

  • Review - FloQast Review: Pricing - Features & Alternatives
  • Review - FloQast Presentation

SAP Analytics Cloud videos

+ Add

SAP Analytics Cloud Product Overview

More videos:

  • Demo - SAP Analytics Cloud: An Overview and Insights [+LIVE DEMO], SAP TechEd Lecture
  • Demo - SAP Analytics Cloud Overview and Demo

Category Popularity

0-100% (relative to FloQast and SAP Analytics Cloud)

FloQast

SAP Analytics Cloud

Finance
100 100%
Finance
0% 0
Data Dashboard
0 0%
Data Dashboard
100% 100
Accounting & Finance
100 100%
Accounting & Finance
0% 0
Development
0 0%
Development
100% 100

User comments

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Social recommendations and mentions

Based on our record, FloQast seems to be more popular. It has been mentiond 2 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

FloQast mentions (2)

  • Ask HN: Who is hiring? (May 2023)
    FloQast (https://floqast.com/) is the market leader for accounting workflow automation built by accountants for accountants. We're an award-winning, Series-D software company with a mission to elevate the accounting profession everywhere. Our cloud-based, AI-enhanced software is trusted by more than 1,500 accounting teams, including those at Snowflake, Twilio, Instacart, Zoom, and The Golden State Warriors. We're... - Source: Hacker News / over 2 years ago
  • Ask HN: Who is hiring? (April 2023)
    FloQast | Full-Time | Full-Stack and Frontend engineers (SWE-3 and Senior) | Remote Anywhere in the US (LA office) FloQast (https://floqast.com/) is the market leader for accounting workflow automation built by accountants for accountants. We're an award-winning, Series-D software company with a mission to elevate the accounting profession everywhere. Our cloud-based, AI-enhanced software is trusted by more than... - Source: Hacker News / over 2 years ago

SAP Analytics Cloud mentions (0)

We have not tracked any mentions of SAP Analytics Cloud yet. Tracking of SAP Analytics Cloud recommendations started around Mar 2021.

What are some alternatives?

When comparing FloQast and SAP Analytics Cloud, you can also consider the following products

BlackLine - BlackLine offers quick-to-implement, scalable and easy-to-use applications that automate the financial close and other accounting processes.

Board - Unified BI, CPM and predictive analytics software.

ReconXi - AI-Powered Financial Reconciliation in Minutes, Not Hours. Automate, compare, and reconcile transactions effortlessly with AI. No more manual matching—get accurate results in seconds.

Prophix Software - Prophix develops Corporate Performance Management (CPM) software that automates important financial and operational processes.

Xero - Xero is online accounting for your small business.

Planful - Planful is an online development platform with different remarkable services and features that enable users to make a rolling forecast, helping their business meet with every change.

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