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We have managed to be consitent and beat our close timelines for 4 years since using FloQast
What do you like best about the product?
Keeping track of progress during the close, sign-offs on recons, setting variances, and auto reconcilations
What do you dislike about the product?
I think more work on the flux analysis is needed.
What problems is the product solving and how is that benefiting you?
Close checklists on line with status and sign-offs has help us acheive successful close timlines. Sox compliance is simplified with Recons with prepare and reviewer and variances.
Recommendations to others considering the product:
Get it!
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Automated balance sheet reconciliation and month-end closing control with FloQast.
What do you like best about the product?
Using FloQast is easy and intuitive. All of the information needed is right on your screen to speed up the process.
What do you dislike about the product?
Would like to be able to change the preparers and approvers easier.
What problems is the product solving and how is that benefiting you?
One of the benefits is the ability to check the progress of closing and balance sheet reconciliations quickly. Also, it is helpful to be able to enter comments and follow up questions for the preparer to respond to.
Recommendations to others considering the product:
FloQast is an outstanding product for automating and giving you control over the month-end closing and the reconciliation of balance sheets. It is easy to use and will save you a lot of time on both tasks.
Best Software Experience I have ever had
What do you like best about the product?
Everything is so easy to use. You do not need to be an expert to know how to use it. It is built by accountants for accountants and it shows. I love that they always ask for feedback and act on that feedback.
What do you dislike about the product?
I really cannot think of anything i dislike.
What problems is the product solving and how is that benefiting you?
Communicating Globally and keeping track of tacks for large accounting departments has always been a struggle. With FloQast, Mananaging close is easy. They also have implemented helpful tools to help us speed up, such as autorecs for cash and prepaids!
Recommendations to others considering the product:
I would reccomend you try FloQast. There are so many capabilities and they are always expanding and adding service!
Staff Accountant
What do you like best about the product?
I really like how it notifies you the changes in your reconciliation between the TB and the work-paper which prompts your attention to investigate and true your balance to the correct number. It's also a great tracker that keeps you on time and prompts you to focus on priorities at hand.
What do you dislike about the product?
One of the drawback is that it notifies you of how many outstanding items you have but no hyperlinks to identify those items. Hopefully with the new changes this may update. In addition, I hope the TB upload will be quicker than waiting for half an hour for the changes to occur. For instance, if I want to reconcile a particular cash account between the book versus the TB, I have to wait for the TB for 30 mins to update my changes and during that time I'm on to something else.
What problems is the product solving and how is that benefiting you?
The drawback to Floqast is that when you are trying to save a file, it limits certain characters so you can't save the file directly into the Floqast folder. I would have to save my file on the desktop, rename or shorten the name of the file and then puts into the Floqast folder.
The greatest benefits with Floqast is that it keeps me focus on meeting my deadlines. It helps me stick to the monthly task that I have to do and keeps my priorities straight. The task listed in the checklist is a reminder for me to not forget these process so that I can complete my task without open holes. Prior to Floqast, I was forgetting to do certain tasks in the fixed assets module but with Floqast and the sign offs, it keeps me on track and crosses all my "t" and dots my "i".
The greatest benefits with Floqast is that it keeps me focus on meeting my deadlines. It helps me stick to the monthly task that I have to do and keeps my priorities straight. The task listed in the checklist is a reminder for me to not forget these process so that I can complete my task without open holes. Prior to Floqast, I was forgetting to do certain tasks in the fixed assets module but with Floqast and the sign offs, it keeps me on track and crosses all my "t" and dots my "i".
My Floqast Review
What do you like best about the product?
Its great for period close and keeping track of the period close status
What do you dislike about the product?
Some of the UI needs to be more user friendly
What problems is the product solving and how is that benefiting you?
Period close have been great because it minimizes the amount of emails we need to send each close. It helps with the inbox management during our period close
Recommendations to others considering the product:
It is a great tool to use for accounting period end
Love floqast!
What do you like best about the product?
Floqast makes the financial close process easier to navigate and keep track of.
What do you dislike about the product?
Sometimes refreshing the Reconciliations page takes a couple of tries to refresh.
What problems is the product solving and how is that benefiting you?
It has helped us reduce our close time by making it easier to visualize our checklists and close goals.
User friendly and easy to navigate
What do you like best about the product?
Ease of navigation. Simplistic style and straightforward details.
What do you dislike about the product?
It would be nice if Floqast would talk to our ERP system so it can update the account balances automatically without having to import financials daily.
What problems is the product solving and how is that benefiting you?
Floqast makes it easy for multiple employees to look at the same data and see what does not reconcile real time. It makes things easy to read for people who aren't accountants.
Recommendations to others considering the product:
Trial period is a must! There are things FloQast can do that you might not even realize would help processes go more smoothly!
FloQast - Let the Close Process be automated
What do you like best about the product?
A centralized place where numerous tasks are monitored and reconciliations are accessible with ease. The fact our Accounting Team is decentralized and 100% virtual is not a problem anymore because of FloQast. The fact it is customizable and synced to our Accounting System (Sage Intacct) is a tremendous blessing. Our accounting team's efficiency has improved significantly since implementing FloQast.
What do you dislike about the product?
Supporting Documentation can be limited to Excel spreadsheets, but staff can address this limit by copying and pasting screenshots of actual supporting documentation or links to other documentation.
What problems is the product solving and how is that benefiting you?
The problem was tracking over 100 recurring tasks and reconciliations with evidence of review. Our Virtual team and efficient monitoring of Accounting team within FloQast has made it easier for us to focus on our tasks monthly and made the audit preparation process closer to 100% complete before the audit fieldwork started.
Amazing software with amazing software.
What do you like best about the product?
Floqast is a system I did not understand what I needed before I'd it, and right now I cannot working without the software. It simplified my month payment procedure. I don't have the procedure of printing small things and signing them by hand. Everything in the ca works fine these days. Additionally, it integrates straight into my ERP process, enabling me to bind spreadsheets each month. I additionally get an archive of most of the files and spreadsheets I want every month or perhaps as a backup.
What do you dislike about the product?
I haven't found some problems with Floqast. This's affordable software program which is going to save you cash and time.
What problems is the product solving and how is that benefiting you?
Monthly statements no longer have to be signed by hand. Though the greatest thing is reconciliation. I don't have to be concerned about placing something in my accounting application. Additionally, it gives the auditors of mine much more peace of mind when dealing with the GL of ours and also provides them immediate access to each of the bills they require.
Recommendations to others considering the product:
Not merely will be the software amazing, though the customer care has exceeded the expectations of mine.
Helpful tool being a Supervisor Financial Auditor.
What do you like best about the product?
FloQast works with our current equipment - Cloud Storage Box as well as NetSuite ERP - besides and combines them into a single toolbar to monitor your financial closure. Because it utilizes existing equipment and doesn't produce extra actions, applying the staff is enjoyable and easy! Gone are actually the days of great checklists, other kinds or perhaps task planning of checklists. FloQast provides you with an immediate introduction of the condition of all staff members, removes email overload and operates remotely at this particular moment! This's particularly helpful. The checklist module enables you to find quite easily the way your bills are actually made and what problems have to be solved.
What do you dislike about the product?
To be honest, the entire staff of ours has never worked extremely effectively.
What problems is the product solving and how is that benefiting you?
The optimization of the fiscal closure procedure has saved a few days. There's been a tremendous improvement in communication between staff members regarding voting status and list items when other staff members are late. Note reviews let you leave a contact with pending tasks/questions and be in the application to ensure that all staff members have access to both comments/questions.
Recommendations to others considering the product:
Provides excellent communication between team members when it comes to our duties in financial audit sector.
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