FloQast
FloQastReviews from AWS customer
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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.
Close Gamechanger
What do you like best about the product?
FloQast has completely changed our close and allowed us to build in controls and reviews we did not previously have the bandwidth to do. We are now expanding this visibility across other adjacent teams. The software is very user friendly, my team has had nothing but positive feedback.
What do you dislike about the product?
I wish there was better usability for the Flux feature with QBO. In the past I used it with Netsuite and the integration into close was amazing.
What problems is the product solving and how is that benefiting you?
We have been able to cut down on close time, and increase our close completeness and reviews.
Closes are so much easier with FloQast
What do you like best about the product?
Floqast is very intuitive and easy to use. We were able to gain efficiencies from day 1. All account reconciliations can be viewed at a glance and we can easily see the progress of our close. If an account goes out of balance, we are notified immediately. We are also able to maintain our sign-offs in FloQast for internal controls purposes. This is a huge time-saver as we no longer need to manually maintain sign-off or review evidence. Customer support is also excellent. FloQast team meets with us quarterly to tell us about new features and how we can leverage off those to make our closes even more efficient.
What do you dislike about the product?
There isn't much to dislike about FloQast. The entire team loves it from day 1.
What problems is the product solving and how is that benefiting you?
We haven't had any issues with FQ other than the occasional issue with FQ not recognizing the excel files saved on the server. It hasn't been a significant enough issue to cause concern. Overall, we have saved a lot of time by not having to constantly manually check if the account balances have changed since the last signed-off account reconciliations.
Recommendations to others considering the product:
Ensure server connects to FQ properly
FloQast helps our team keep track of Month End close items
What do you like best about the product?
I appreciate the checklist function, the reconciliation tab, and the flux tab.
What do you dislike about the product?
I do not have all the same access as the rest of my team but what I have is great.
What problems is the product solving and how is that benefiting you?
I am no longer missing past due items, and am notified when I have a due date coming up.
FLoQast--Why didn't I think of this!
What do you like best about the product?
The ease of use of the tool, so easy to go between modules.
How quickly you can be set up and running.
Adoption of the tool by the team was great
How quickly you can be set up and running.
Adoption of the tool by the team was great
What do you dislike about the product?
Prepaid module need to upload journal entires directly into Intacct,
What problems is the product solving and how is that benefiting you?
We use Flux for MoM variances in our pre-close meetings and it opens our eyes to missing items for month-end close.
Recommendations to others considering the product:
Such a easy tool to use to manage the whole month-end close process
Streamlined Month-End-Close Process
What do you like best about the product?
Having the visibility of all the items that need to be prepped to close out the month/year
What do you dislike about the product?
The platform is a bit bare bones which I understand since it is an accounting tool rather than a marketing tool but having pretty graphics never hurt anyone!
What problems is the product solving and how is that benefiting you?
Setting deadlines that everyone is aware of, keeping people accountable for any missing items and diminishing the ambiguity of any task. All team members know exactly what they need to get done.
FQ has been an essential tool to help track the progress of our team's monthly close process.
What do you like best about the product?
I appreciate FloQast's ability to help keep our team organized and on track for deadlines each month.
What do you dislike about the product?
It would be helpful for FQ to enable an auto-refresh with Netsuite so updates happen in real-time.
What problems is the product solving and how is that benefiting you?
We can identify what is driving large account movements and confirm if they are valid or erroneous in nature.
Floqast Review
What do you like best about the product?
Floqast helps me and my team keep tasks organized and streamlined between us. I appreciate the ability to check off items and leave notes on others I may be reviewing.
What do you dislike about the product?
There is nothing I inherently dislike about using Floqast. The success of the software really depends on how much the team is willing to lean into the use of Floqast.
What problems is the product solving and how is that benefiting you?
I am solving the problem of tracking what items have been complete. It also acts as a great reviewer's tool and benefits the team and the client because of this.
Recommendations to others considering the product:
This is a great tool if working on multiple items (especially across multiple clients) and with a team that has responsibilities divided amongst them.
Floqast helps you get organized
What do you like best about the product?
Our company uses Netsuite as our ERP, Floqast gives us the optimal ability to reconcile our accounts on a monthly basis through their matching program. The Floqast system automatically pulls our balances, making it easy to check off each one account one by one as you move along your reconciliations.
What do you dislike about the product?
Only thing to really dislike is not having enough time to get things organized. We are a small company so the its mostly a team of 2. We don't have the junior staff to get the site working to optimal, as I know there is much more that we could do with it.
What problems is the product solving and how is that benefiting you?
Our month-end Reconciliations were a bit more manual and didn't have a strong flow of a calendar approach. By using Floqast we have a tight schedule and are able to keep everything much more organized.
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