FloQast
FloQastReviews from AWS customer
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Best Close and Audit Software for every smart accountant
What do you like best about the product?
It is easy to use, it is super-helpful in holding accountants accountable during the month, quarter or year end close as well as making audits faster.
What do you dislike about the product?
It does not give a warning of likely delay in completing certain reconciliations.
What problems is the product solving and how is that benefiting you?
Reduced the number of days for month, quarter and year end close. Also, it is now easy to manage and coordinate external audits and it takes less time.
Its very helpful when working with a team.
What do you like best about the product?
I love that I am able to add notes to tasks and files and tag people.
What do you dislike about the product?
I dislike that the analytics we are unable to use.
What problems is the product solving and how is that benefiting you?
We are able to have a smooth close and I can keep track of my tasks. I realized we can see how far we are along with the month end close because i can see where everyone is at with their tasks.
The Best!
What do you like best about the product?
FloQast is the easiest product to implement and update. We purchase companies weekly and the process to get them up and running in Floqast is so simple. The FloQast support team is uber responsive and so easy to work with. In the rare case that there is an issue it is usually solved within an hour of contacting support.
What do you dislike about the product?
Our only issue so far is with the Onedrive limitations. We are not able to group our companies into regions so sharing folders with users is not as efficient as it could be. We also have a continuous issue with sharing our Onedrive FloQast folders with our users who do not share the domain that the folders live in.
What problems is the product solving and how is that benefiting you?
We have decentralized accounting for 80+ companies and prior to FloQast were not able to track or review the month end close documentation. Now everything is at our fingertips and tied out to the TB in real time. Total game changer.
Great Product!
What do you like best about the product?
Speaking as an auditor of several clients that use FQ, the system definitely makes our lives easier! The layout is great, and it makes it easy to track and monitor activities. 'PBC' was the cherry on top.
What do you dislike about the product?
N/A - the product meets all of our needs and is better than any other reconciliation/close system I've seen in the past.
What problems is the product solving and how is that benefiting you?
The biggest asset with FloQast has been its ability to help us more closely monitor our month-end close checklist and give us easy visibility into what tasks remain open. In addition, the reconciliations are easily trackable and assist with following up with reconciling items.
Recommendations to others considering the product:
Do the demo and actually try it out real quick. You'll see that it's a lot easier to use than others.
MUST have for Month End Closing
What do you like best about the product?
FloQast helped us discovered our month end inefficiencies. We were able to document our processes and have clear knowledge of what the status of month-end was at any given time.
What do you dislike about the product?
There isn't much I don't like about FloQast. Maybe allowing the hashtag to read merged cells? That's about it!
What problems is the product solving and how is that benefiting you?
We had issues with our timing of responsibilities. FloQast assisted with determining the right course of action on when specific tasks should be done. It has also given us the ability to hold individuals accountable in a very black and white manner.
FloQast Cut close time from 20 days to 10 days
What do you like best about the product?
Streamlined platform that is very user friendly. Houses all reconciliations in one easy spot. Very easy sync with our Intacct ERP system. I love how they continue to put out new products and continue to evolve to help the close management process become even more streamlined.
What do you dislike about the product?
Have had some minor bugs over the last couple months with regards to values showing up on the wrong entities reconciliations. Very minor items and they were resolved quickly however it did involve putting in a request ticket and some of our IT team's time which is not ideal.
What problems is the product solving and how is that benefiting you?
We close the books for 11 different entities each month. We also do consolidated statements. It helps us keep all the reconciliations neat and ensure they are done properly. We are also utilizing their permanent folder feature which helps us keep documents in a centralized location. We provide our auditors access which has been helpful to ease the burden of my team providing documents. They are able to pull their own data which is great. You can also restrict access to certain parts of FloQast so they cannot see review notes and internal comments.
Recommendations to others considering the product:
If you are on the fence about getting FloQast just take the plunge. Its one of the best tools my team has.
Love Floqast!
What do you like best about the product?
It keeps our team organized and on track for each month's close, even during busy times of the year. I can easily check who is on time with their tasks and who is behind and can get that member of the team to help with their tasks.
What do you dislike about the product?
There's not much I dislike, however it would be helpful for Intacct to alert you when a new balance sheet account is being used. We have 10 entities we close monthly and sometimes we start to use a balance sheet account on one of those entities and forget to add it in Floqast for a few months.
What problems is the product solving and how is that benefiting you?
Staying on track with close, but especially doing tasks that happen quarterly or annually like filing reports or submitting tax filings. Those things you tend to forget because you don't do them regularly, and FloQast is especially helpful for those items.
Floqast is great
What do you like best about the product?
The ease of use and the ability to check things off.
What do you dislike about the product?
I would say the thing that I dislike are the multiple tabs can be difficult to navigate sometimes.
What problems is the product solving and how is that benefiting you?
We use it to check off different close items to make sure we are on track to close the books on time.
Excellent project management tool with month-end progress
What do you like best about the product?
I really like to see the progress at the end of the month, and without any problem, this platform is good at all; I can have all the tasks in one place and track them so that they have a successful closing.
What do you dislike about the product?
Only problems in the maintenance of the archives; I wish it was more reliable.
What problems is the product solving and how is that benefiting you?
It is good to have a clear view of the month-end processes and close the finance is lees time.
Recommendations to others considering the product:
I recommend that you use the trial period, and once you realize that it is good, you will acquire it.
Thumbs up for Floqast
What do you like best about the product?
Floqast is user friendly and easy to use. It's an easy way to keep track of what needs to be done each month, whether balances have updated since the reconciliation was complete, and the close status (especially if there are multiple employees involved).
What do you dislike about the product?
If a prior month's balance changes, I don't get a notification that a completed reconciliation is out of balance therefore a prior months' recs might be off. It can also be difficult to navigate in the folders when you have multiple entities, you have to go into each entity separately even if the change you want to make will apply to all entities.
What problems is the product solving and how is that benefiting you?
When year end work is happening, you can give the auditors access to your Floqast. That way they automatically have access to all of your reconciliations without having to go through and actually send each one individually.
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