FloQast
FloQastReviews from AWS customer
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Fully user Floqast review
What do you like best about the product?
I like the ability to keep track of close tasks and check them off one by one. The ability to focus on what is due by day and to leave comments for any issues is great.
What do you dislike about the product?
sometimes the website can be glitchy with items not wanting to update. Being able to change the flux settings so immaterial items will be left out of the flux analysis.
What problems is the product solving and how is that benefiting you?
being able to keep track of the close and review process. ability to save time from the organization of floqast and being able to keep track of tasks so they can be completed on time and thoroughly.
Recommendations to others considering the product:
Great way to keep track of tasks and recons.
Floqast Review
What do you like best about the product?
The functionality between linked accounting systems, for example having the NetSuite balances pull into FloQast for the reconciliations saves us a lot of time around month-end and enhances our controls as well! FloQast also always has phenomenal support when questions or issues need to be resolved. They are extremely timely in their responses and when is there no solution sometimes, they are always willing to put our request into the product team as feedback to hopefully see our ask in the future.
What do you dislike about the product?
Not much to say here as FloQast is a great system, however, it would be nice if you could place anchors on PDF files so that those files could be used as an alternative to excel files. This could save some time during our ME process.
What problems is the product solving and how is that benefiting you?
We have buttoned up our controls related to many financial statement areas, such as adding additional controls and allowing for further documentation and evidence of review on those areas. Another important one was related to ensuring we have all of our GL accounts reconciled. The completeness check has been a life saver here!
Recommendations to others considering the product:
Make sure to use all of FloQast's functionalities as they have many useful tools on the platform that will help increase the efficiency and effectiveness of your company's financial reporting process. Continue to speak with their reps as they are great and offer advice on different components that will be beneficial to your business. Their reps will take your feedback and give it to their product teams for future implementations.
Floqast - simple tool for a complex close
What do you like best about the product?
FloQast is easy to implement. Their team makes implementation a breeze. The connection with NetSuite and Google Drive is flawless. The tool is easy to setup and gets your close process streamlined very quickly.
What do you dislike about the product?
Some of the settings are hard to find, for example, sometimes you need to have all subsidiaries selected to find some setting options. But once you know where these settings are it isn't a huge deal. The other slight pain point is when you have duplicate hashtags in different files, it is sometimes are to find them to correct.
What problems is the product solving and how is that benefiting you?
FloQast has helped us shorten the close process. It also helps us stay more organized and requires us to tie out every single balance sheet account. Always having functional work papers in the same place every month is extremely helpful.
Recommendations to others considering the product:
I've been using FloQast for a few years and it is the best month-end close tool I've used.
Fast implementation and easy to use tool
What do you like best about the product?
I love how easy it is to use FloQast. The interface is pretty intuitive and easy to understand. I like how easy it is to add new items and edit old existing items.
What do you dislike about the product?
The disappearing icon for notification can be hard to find if you don't know it's there. I can understanding why it disappears so it doesn't look cluttered but it does take people getting use to it.
What problems is the product solving and how is that benefiting you?
We have more visibility of the status of close items and easier to communicate/track status on open items (via slack or notes in FQ). Useful addons of notifications when items are done help minimize overcommunication.
Fantastic FQ
What do you like best about the product?
I like how FloQast interfaces with One drive so your reconciliations are in real-time. As an example, I think its easier for the preparer to use excel when reconciling accounts, with FQ you can take the reconciliation out of the browser and into an excel document and since you're connected to one drive everything saves instantly.
What do you dislike about the product?
I think if you have reconciling items turns on then you do not need the difference function turned on as well. Reconciling items should be the difference or variance between the rec and the GL balance.
What problems is the product solving and how is that benefiting you?
FloQast is helping us solve our outstanding reconciling items. For approvers and reviewers, it allows them to look at the big picture of where everything is during the close process.
Recommendations to others considering the product:
Highly recommend FloQast for monthly reconciliation and task scheduling purposes.
NAS AP review
What do you like best about the product?
User friendly, keeps us on task of what needs to get done each day
What do you dislike about the product?
Sometimes waiting for balances to load but has gotten better
What problems is the product solving and how is that benefiting you?
Just making sure what needs to get done, gets done. And accounts balance
Long Time FloQast User
What do you like best about the product?
Simplicity. FloQast is very intuitive and easy to navigate. Good transparency to be able to manage team's progress.
What do you dislike about the product?
Straight integration with the ERP would be great rather than the #FQ thing.
What problems is the product solving and how is that benefiting you?
The problems solved are people not having to worry about (a) what's next? (b) am I on time and (c) what next? People can just follow steps
User friendly month end close software with top customer service
What do you like best about the product?
- Clean, easy to navigate front-end
- Integrates well with Netsuite, Google Suite and Slack
- Automated Flux Analysis
- Customer service
- Integrates well with Netsuite, Google Suite and Slack
- Automated Flux Analysis
- Customer service
What do you dislike about the product?
- Nothing major - sometimes can be slow to load and would be good to have more user classes (e.g. FP&A team who just need Flux Analysis but don't need anything)
What problems is the product solving and how is that benefiting you?
Keeping all account reconciliations in one place, automating flux analysis process and keeping record of this, tracking month-end status and SOX compliance
FloQast is friendly to use. The real time function is a plus for my day to day work.
What do you like best about the product?
The real-time function and the place to see the review notes.
What do you dislike about the product?
Sometimes, I don't see the changes right away. It takes like 30 mins to find out. The notification emails are delayed sometimes.
What problems is the product solving and how is that benefiting you?
For the reconciliations, it reminds me if there are any changes lately for the recons because it will require me to sign off again.
A very effective system
What do you like best about the product?
The system allows to track that there is paper work for every item in the balance sheet, also allows to comment for significant differences in flux analysis and add documents
What do you dislike about the product?
It is not possible to overwrite documents, you need to delete the document and upload a new one if you want to replace an existing document. It is not clear how to define not to receive email alerts from all entities but limit only to the relevant entity
What problems is the product solving and how is that benefiting you?
The system allows to track there is proper working papers for each item in the balance sheet, the benefit is to have everything under same system, working papers, reconciliations, flux analysis
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