FloQast
FloQastReviews from AWS customer
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FloQast
What do you like best about the product?
I like the check-off list feature. Helps our team stay organized and up to date.
What do you dislike about the product?
I don't like how long it takes for the FloQast Flux Analysis to refresh.
What problems is the product solving and how is that benefiting you?
Staying organized, helping the team stay up to date on deadlines.
Recommendations to others considering the product:
Helpful tool!
FloQast is very good Application for Reconciliation & closing checklist. Flux Analysis is also good.
What do you like best about the product?
It's integrated to Accounting software. it's real-time Reconciliation of Accounts is very impressive. it helps me for tracking my GL Balance.
What do you dislike about the product?
sometime FlowQast takes time to load. Need improvement.
What problems is the product solving and how is that benefiting you?
I am using FloQast for Month end Checklist, Reconciliation of Accounts & Flux Analysis. It really helps me to do my work effectively & efficiently.
Simple but so powerful tool
What do you like best about the product?
The Reconciliation and Checklist functions
What do you dislike about the product?
Nothing really, the product is excellent!
What problems is the product solving and how is that benefiting you?
Month close process
Easy to Use, Responsive Support Desk, Organized
What do you like best about the product?
FloQast is very easy to navigate and is user-friendly. It is simple, minimal, modern, and allows our team to stay organized for our month-end close processes. Whenever I have had a question and reached out to the Support Desk I have been assisted within 24 hours. Additionally, the Help tools are simple and I can usually find answers to my questions myself.
What do you dislike about the product?
I have not come across any major downside to using FloQast. I have not experienced system issues or glitches, and everything runs smoothly.
What problems is the product solving and how is that benefiting you?
We have a large Accounting and Finance team with many different "checklist" and "compliance" type tasks that need to be done. FloQast prevents us from missing deadlines and allows us to stay organized. In addition our year-end audit runs smoothly as the auditors have the ability to access and view our balance sheet reconciliations themselves.
Really helped us streamline our close process
What do you like best about the product?
I love how it lets you use your own reconciliation format but still can map the balance to compare to what is recorded in NetSuite. I also really love the review notes feature so that my team can keep track of issues that need to be resolved.
What do you dislike about the product?
The one issue I have had is the duplicative approval required from NetSuite requiring a JE to be approved and FloQast not being able to show it as reconciled until the entry is approved in NetSuite. This results in some duplicative work to wait for the JE to be approved in NetSuite before you can to sign-off in FloQast.
What problems is the product solving and how is that benefiting you?
Lowered our days to close, figured out areas for improvement with our reconciliations, been able to track tasks and timing of close tasks much more closely. It also has strengthened our close controls.
Integral to our Month End Close process
What do you like best about the product?
My favorite feature in FloQast right now is the out-of-balance notifications. NetSuite doesn't notify you if your cash account reconciliations go out of balance so I'm loving the out-of-balance notifications from FloQast. Monthly, it saves me some decent time from double-checking the NetSuite trial balance against the reconciliation balance. Another feature I'm very thankful has been updated is the ability to add a permanent file to an entity for support documents that you don't want cluttering up your main reconciliation folders.
We aren't using the Auto Rec or Flux analysis portion of #FQ at this time so I can't offer any feedback on those features.
We aren't using the Auto Rec or Flux analysis portion of #FQ at this time so I can't offer any feedback on those features.
What do you dislike about the product?
The navigation through FloQast entities and workflows is not as intuitive as I'd like, so I find myself occasionally searching for tasks that I know I should be seeing.
What problems is the product solving and how is that benefiting you?
Early on in our NetSuite Integration, we were seeing the sync changing reconciled transactions. FloQast out-of-balance notification negates the concern that reconciled transactions could be changed before the books are locked. Another benefit is that I no longer have to update my manager on my close progress, she can see where I am just by logging into FloQast. We are also Identifying roadblocks to timely closing that were harder to pinpoint before we started using FloQast.
Recommendations to others considering the product:
If you have a lot of balance sheet accounts that you want reconciled monthly FloQast is an amazing tool to keep you on track to timely closing and to clearly list balances with the support documentation. Another feature our team loves is the central location for tracking all our team tasks and clarifying roadblocks to timely closing that exist between team member tasks.
FloQast has helped us keep our close in order.
What do you like best about the product?
Implementation was the most helpful with my team of international accountants. We can now save everything in a single location and compare to our account balances in a timely manner.
What do you dislike about the product?
I currently have nothing that I dislike.
What problems is the product solving and how is that benefiting you?
We used to have items saved everywhere so it was difficult to keep things straight. With FloQast we can have them all there and therefore easier to follow. Review notes are also a big plus.
Love the product
What do you like best about the product?
FloQast is a great product that helps with close management. I feel that implementing FloQast has helped cut down our close time and make us more efficient. It's a great product that I've implemented at my last two companies and I honestly can't function without it. The customer support is also amazing and helpful without overbearing. I love that they do check-ins that work on our timeline to ensure we are optimizing our use of the product and always asking for feedback to improve.
What do you dislike about the product?
The only thing I dislike about FloQast is the price but honestly, the product is great and well worth it.
What problems is the product solving and how is that benefiting you?
FloQast has helped us cut down on our close timeline and makes reconciling easy and efficient. I love that the worksheets easily tie to our accounting software and we are quickly notified when reconciliations are out of balance.
Corporate Controller
What do you like best about the product?
User friendly, short implementation, excellent client service
What do you dislike about the product?
Nothing notable. There are improvements that could be made to use this tool for SOX file maintenance but that is not the main use case for Floqast so it's not an issue. In the long-term though, it would be good if Floqast improved the SOX capabilities - I think clients that currently use AuditBoard/SOXHub would like being able to use Floqast for SOX in addition to close management.
What problems is the product solving and how is that benefiting you?
Close management is now managed better rather than using Excel, which was a much more manual process.
Making financial close efficient!
What do you like best about the product?
1. Helps stay organized and track the progress of close tasks efficiently. 2. Get real-time notification as tasks are completed. 3. Capability to adjust due dates based on changing business needs.
What do you dislike about the product?
Nothing I can think of. It is an awesome tool for Accounting teams to facilitate close.
What problems is the product solving and how is that benefiting you?
Everyone owns up to their areas and ensures the tasks are completed by due date. Provides visibility into various accounting functions and the status of close deliverables. A quick run down of the Checklist makes close check-in meetings seamless and efficient.
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