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Great month end close tool
What do you like best about the product?
Very automated to roll forward tasks and implementation was simple. Our team at Floqast was very helpful and made sure the entire process ran smoothly. We plan to implement other features now that we are acclimated to the product and use as a daily tool rather than monthly.
What do you dislike about the product?
Updating the checklist when we need to reassign tasks can be challenging.
What problems is the product solving and how is that benefiting you?
Audit trail and organization
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FQ is easy to use and makes reconciling and tracking daily due dates so painless!
What do you like best about the product?
I love using FQ for the daily checklist item function. It makes keeping up on my daily items so easy!
I also love using FQ for the reconciliation feature. The auto rec feature assists in one to one matching, which reduces the amount of time spent recc'ing items out each day.
This is something myself and my team use every day!
I also love using FQ for the reconciliation feature. The auto rec feature assists in one to one matching, which reduces the amount of time spent recc'ing items out each day.
This is something myself and my team use every day!
What do you dislike about the product?
The biggest downfall of FQ is the amount of time it takes to refresh
What problems is the product solving and how is that benefiting you?
FQ's daily use is reducing the amount of entries needed during month end by the ability for us to track daily entries.
FloQast great for organizing a team and wonderful customer support!
What do you like best about the product?
FQ is great at organizing our month-end close tasks and monthly reconciliation. Works well with our auditors and accessibility. Customer Support is timely (a few hours, not days) and assists with problems effectively. We use every month to keep myself and my team on task. Enjoy the quarterly reviews with our account manager and help to continue to better or use of FloQast.
What do you dislike about the product?
OneDrive integration can be tricky when data is copied over or deleted, and folders can be easily dragged elsewhere. No way to lock or block from happening.
What problems is the product solving and how is that benefiting you?
Organized audit, month-end close, variance analysis and reconciliations.
Easy to use and adapt and creates efficiencies in the close process.
What do you like best about the product?
It is easy to use and adapt to your business processes.
What do you dislike about the product?
Integration with SAP Business One was not seamless.
What problems is the product solving and how is that benefiting you?
It shortens the close process and assists us with real time reconcilaitions during the close.
Regional Controller - Americas
What do you like best about the product?
I really appreciate the ease of use with the product; it is very intuitive to an end-user new to the program.
What do you dislike about the product?
There is alot to learn to take full advantage of the program. To the extent that things are rolled out in a timely fashion, it can appear to be overwhelming in some instances.
What problems is the product solving and how is that benefiting you?
Financial Statement accuracy and SOX compliance
Great close management tool
What do you like best about the product?
Floqast makes it easy to track all the deliverables of the close process and keep everyone in the process connected. It really helps with collaboration too. It's great having review controls for journal entries and reconciliations all in one place. We are also starting to work with their Remind product to help automate some of our close steps, which expect to help reduce close time. We can also share access with our auditors so they can review whatever support they need during audits. The Floqast support team has been helpful and I like their short educational videos that help quickly get up to speed on different features. It's very easy to use and implement.
What do you dislike about the product?
While there is a calendar view at a high level of financial statement areas, I would like to see a calendar view for the checklists. With many moving pieces in our processes, it would be helpful to visualize in a calendar view so we can look for efficiencies and dependencies more easily. The data is already there so I'm sure this is something Floqast can add in future updates.
What problems is the product solving and how is that benefiting you?
Floqast keeps us organized and on schedule. We can make sure all required controls , tasks and reviewed are tracked and nothing falls through the cracks. As a leader, it's easy for me to view how my team is doing and any issues we are having with the close.
Having all monthly and quarterly tasks in one place is invaluable.
What do you like best about the product?
-to do List, always know what your next task is.
- Everything all in one place.
-clear ownership of tasks so nothing is left behind.
-Ease of use of the product. navigation is clear.
- Everything all in one place.
-clear ownership of tasks so nothing is left behind.
-Ease of use of the product. navigation is clear.
What do you dislike about the product?
-For non-close workflow, it is difficult to tie a document in a documents folder to a checklist item. (you can attach it directly to the checklist item, but then its not visable in the Documents Folder. I feel like a detailed linking methodology or tagging could be really useful (kind of like your FQ# system for close).
What problems is the product solving and how is that benefiting you?
keeping all tasks in one place and making sure nothing falls through the cracks
Great software to manage monthly close and recon process
What do you like best about the product?
Intuitive. Easy to use. Easy to customize. Keeps my team on track.
What do you dislike about the product?
Expensive. Took a while to integrate with Net Suite.
What problems is the product solving and how is that benefiting you?
Shortening the monthly close process. Checking that each account has an up to date recon.
Floqast combines all accounting and audit workflows seamlessly into one platform.
What do you like best about the product?
The documented processes, approvals and automated synching with Yardi for continued accuracy and visibility for audits are my favorite features.
What do you dislike about the product?
At times I wish there were more bulk updates available.
What problems is the product solving and how is that benefiting you?
FloQast solves documented processes and procedures and benefits us by confirming reviews, approvals, and performace by streamlining deadlines.
An Amazing platform that keeps the Finance on task and on schedule.
What do you like best about the product?
The Reminders are a signficant help as I have a lot of asks throughout the month.
What do you dislike about the product?
The ony downside that I hav is with he Flux Analysis doesn't give you the option to upload a file to help explain the reasoning for the flux.Seeing the back up helps give a beterr understanding.
What problems is the product solving and how is that benefiting you?
flqast helps with m reconcilitations as well as daily AP tasks to ensure that I dont miss important tasks.
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