Float Review: Pros, Cons, Features, and Pricing
Float is an expense management software that simplifies tracking and managing company expenses. It's great for startups, small businesses, and finance teams needing straightforward solutions.
Float offers intuitive tools that enhance simplicity in financial management. Float addresses issues like complex expense tracking and approval processes, benefiting finance teams and department heads.
In this article, I'll cover Float's features, pros and cons, use cases, and pricing so you can decide if it fits your financial management needs and goals.
Float Financial Evaluation Summary
- From $10/user/month
- Free plan available
Why Trust Our Software Reviews
Float Financial Overview
Float is a solid choice for teams needing straightforward expense management. Its user-friendly interface and responsive customer support stand out. However, the onboarding process could be more comprehensive, and its pricing is slightly above average without a free version.
Float excels in environments where teams prioritize ease of use and quick decision-making, such as small businesses and startups. Compared to others, it lacks some advanced features like approval workflows, but its integration with tools like Slack and Asana enhances its utility. If you value simplicity and efficient support, Float is worth considering.
pros
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Real-time expense tracking.
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Responsive customer support helps solve issues quickly.
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Easy to navigate the intuitive interface.
cons
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Your work might require more detailed reporting options than Float provides.
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Doesn't offer some advanced features like approval workflows.
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Onboarding process lacks depth.
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Rippling Spend
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LiveFlow
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Float Financial
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.9
How We Test & Score Tools
We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.
Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.
Core Functionality (25% of final scoring)
The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.
Standout Features (25% of final scoring)
Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.
We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.
Ease of Use (10% of final scoring)
We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.
Onboarding (10% of final scoring)
We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.
Customer Support (10% of final scoring)
We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base. Tools and companies that provide real-time support score best, while chatbots score worst.
Customer Reviews (10% of final scoring)
Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.
Value for Money (10% of final scoring)
Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.
Core Features
Real-time tracking: You can monitor expenses as they happen and even link your company credit card with Float to keep your finances current and transparent. These can be physical cards or any business card you use for business expenses. Float Financial also offers its own CAD (Visa) and USD (MasterCard) corporate cards. These are virtual cards for which you can set card limits to control spending. These offer low FX fees and low transaction fees, and attractive cashback depending on your monthly spending. If your Float corporate card is prepaid, all deposits are held at Scotiabank, which is a CDIC member institution, which means you don’t need to worry about losing money to fraud.
User-friendly interface: Your team will find it easy to navigate with a clean, intuitive design. It reduces the learning curve, letting everyone get up to speed fast.
Automated expense categorization: Automatically categorize business expenses to streamline your financial organization. This saves time and ensures consistency across your reports.
Receipt uploads: Upload and store receipts digitally, simplifying record-keeping and speeding up approval of reimbursements. This reduces paperwork and helps you maintain an audit trail.
Budget tracking: Set spending limits and monitor them to keep your spending in line with the budget. This helps you avoid overspending and stay aligned with financial goals.
Customizable reports: Generate reports tailored to your specific needs, offering flexibility in how you view your business spending data. This aids in clearer financial analysis.
Ease of Use
Float scores well on ease of use, thanks to its intuitive interface that your team will navigate with ease. The design is straightforward, reducing the learning curve and letting you focus on managing expenses rather than figuring out the software.
Features like real-time tracking and receipt uploads are simple to use, enhancing your team's productivity. Compared to others, Float's simplicity and user-friendliness make it a strong choice for those seeking an uncomplicated expense management solution.
Integrations
Float integrates with Asana, Jira, Teamwork, Trello, Slack, Google Calendar, and Zapier.
Float also offers an API and connects with third-party tools like Zapier for additional app connections.
Float Financial Specs
- 2-Factor Authentication
- Accounts Payable
- Accounts Receivable
- API
- Audit Trail
- Balance Sheet
- Billing/Invoicing
- Budgeting
- Calendar Management
- Comparative Reporting
- Compliance Tracking
- CRM Integration
- Custom Reports
- Dashboard
- Dashboards
- Data Export
- Data Import
- Data Mining
- Data Visualization
- Document Comparison
- Expense Tracking
- External Integrations
- Financial Analysis
- Forecasting
- General Account Ledger
- Multi-Currency
- Multi-User
- Notifications
- P&L
- Payroll
- Process Reporting
- Risk Assessment
- SAP Integration
- Scenario Planning
- Scheduling
- Tax Management
- Visualization
- Workflow Management
