FloQast
FloQastReviews from AWS customer
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Excellent Software, saves time by getting things automated through Floqast.
What do you like best about the product?
Reconciling the Bank statements, Card statements in a minute and reminding us about our overdue tasks through email.
What do you dislike about the product?
Refreshing the subsidiaries after uploading the Back ups takes time.
What problems is the product solving and how is that benefiting you?
Getting things automated through FloQast
Recommendations to others considering the product:
It is a very friendly software also saves our maximum time in manual activities by getting things done through automation, i really appreciate and thankful to FloQast.
Simplified closing process
What do you like best about the product?
I love how this allows us to link the account balance in our reconciliation work papers the ERP account balance. I also like getting notifications for accounting teams that have closed so that my team can begin running reports ;)
What do you dislike about the product?
The updates from excel balance accounts to FloQast can take some time, like 2 to 3 min but it's not the end of the world!
What problems is the product solving and how is that benefiting you?
We are ensuring our reconciliation account balances are accurate and allow us to detect account changes during close. This is a very easy and useful software tool to use!
Well-Developed SW for Tracking Various Financial Processes
What do you like best about the product?
FloQast provides a robust tracking system for critical accounting and finance processes, together with auditable evidence of reviews.
What do you dislike about the product?
It would be helpful to have a field that assists in numbering/sorting various checklists/processes.
What problems is the product solving and how is that benefiting you?
Our balance sheet account recon process and control have never been better than in FloQast.
Our quarter-end close external filing checklist is in FloQast, allowing, 1) the multiple users access when they need it, 2) reminders when needed, 3) auditable evidence.
Our quarter-end close external filing checklist is in FloQast, allowing, 1) the multiple users access when they need it, 2) reminders when needed, 3) auditable evidence.
FloQast User
What do you like best about the product?
I like that I can keep track of my monthly checklist and gives me the percentage of completion. Also, that it notifies me if I am out of balance after I complete my recons if there are any changes.
What do you dislike about the product?
I don't dislike anything perse, I would make it possible for you to add a personal work checklist to it and not public ones.
What problems is the product solving and how is that benefiting you?
Keeping everything up to date, and informing the team of their next steps including myself.
Yes, I am more productive, because I see the timeline when it needs to be done and looking being able to look other individual timelines and what they need from my checklist.
Yes, I am more productive, because I see the timeline when it needs to be done and looking being able to look other individual timelines and what they need from my checklist.
Recommendations to others considering the product:
Integrate with your GL so you know when recons are out of balance. Also, update for any days that your company gives off in order to keep the data accurate.
FC Review
What do you like best about the product?
how easy is to work on reconciliations MoM and how it´s linked to the workbook so you can access easily
What do you dislike about the product?
I would like to be able to create multiple steps for one task
What problems is the product solving and how is that benefiting you?
track tasks and recons, with this managers have an idea of the status
Recommendations to others considering the product:
Great way to tack monthly tasks and save time asking of how things are going
Amazing project management tool
What do you like best about the product?
I like the option to create separate workflows for the different tasks performed in a team - Ex: Month Close Workflow, Financial Reporting Workflow. I also love that it integrates with Netsuite to provide Auto reconciliation to all the Balance Sheet accounts and we get notified when things are updated after they have been reviewed.
What do you dislike about the product?
That I can not rename folders or add them. That I cant overwrite certain things (like if the preparer is out, and they didn't check off their task, it stays open until that person is back even if the task is completed)
What problems is the product solving and how is that benefiting you?
Auditors requesting proof of a preparer/reviewer flow. Confirming that all accounts tie to reconciliations performed during the month. Knowing that the system will flag accounts that have been deemed "reconciled" and closed for the month if they are updated.
It is a great tool to organize and track the month end close practice.
What do you like best about the product?
You can quickly review outstanding items on your checklist and action as needed. It is easily customizable to your company and I love the notifications when things are due or ready for review. The reconciliation back to the source file is also insightful and provides a one-stop-shop to make sure accounts are in balance. It is also great that you can set up alerts to let you know if something gets out of balance. It is a wonderful tracking tool.
What do you dislike about the product?
It would help if you could mass update due dates or when refreshing the reconciliations it refreshes all months. You currently have to refresh one month at a time.
What problems is the product solving and how is that benefiting you?
Fixing reconciliations quicker because we are made aware as soon as it is out of balance. We now have one place to review reconciliations and make sure things are clean and balanced. It also helps us stay on task with the checklist and ensure things are being completed on time.
Highly recommend - especially for those needing more transparency
What do you like best about the product?
I love the ability to ensure all of our accounts are reconciled and know if a late entry requires us to revisit a previously completed rec. When I joined the company, we lacked this visibility and lacked an efficient way to know when late entries were impacting balances.
What do you dislike about the product?
There are a few product suggestions we've made - for example, the structure when you operate in multiple subsidiaries is not ideal (organized by sub vs process).
What problems is the product solving and how is that benefiting you?
For someone who is a bit of a control freak, I get the visibility I need without feeling like I have to micro-manage, or give the impression I am. We can stay organized via the checklist process, and at anytime, get great analytics on progress.
Takes The Guesswork Out Of Deadlines
What do you like best about the product?
The ease of use is one of the best FloQast features
What do you dislike about the product?
I would like to view the checklists of other team members that are peers.
What problems is the product solving and how is that benefiting you?
Allows remote employees to pace themselves and stay on track with prioritizing projects with various priority levels and competing deadlines.
Recommendations to others considering the product:
Great tool
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.
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