FloQast
FloQastReviews from AWS customer
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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.
Great tool for month end close
What do you like best about the product?
Having the checklist to assign responsibilities with target dates for each member of the team keeps the close process running smoothly. The links to reconciliations within Floqast makes it easier to quickly review, saving time for the more complex issues that may come up.
What do you dislike about the product?
It would be nice to have another filter that would allow you to search for a specific day or date in the Checklist and Reconciliations. It's difficult and time-consuming to make multiple changes at once if you can't use the "Bulk Reassign" since you have to navigate to each item in the list or navigate to multiple different pages.
What problems is the product solving and how is that benefiting you?
Floqast has helped my team stay on track with our close process. We are reporting for multiple entities, so it's great to keep track of everything that needs to be completed each month in Floqast.
Very practical
What do you like best about the product?
the ease of work between different apps..ease of communication within systems. Automatic cash reconciliations/matching is excellent.
What do you dislike about the product?
i can't think of anything right now ;( . .
What problems is the product solving and how is that benefiting you?
reconciling balance sheet accounts....it so easy to keep them at a glance
Great tool for accounting Teams with big Month-End, Quarter-End, and Year-End Responsibilities!
What do you like best about the product?
I love how easy it is to assign a task to a coworker. Once all tasks are assigned you feel way more organized and less stressed knowing that everything will be taken care of.
What do you dislike about the product?
No big issues or concerns, sometimes the reconciliations take a long time to update.
What problems is the product solving and how is that benefiting you?
As a big company we have A LOT of tasks that need to get done for every month, quarter, and year. FloQast helps us stay organized and make sure everything gets done.
Not perfect, but damn close!!!
What do you like best about the product?
I love the tracking ability and being able to "Follow" different tasks when they are followed up further up the chain
What do you dislike about the product?
I really wish that multiple tasks due on the same day could be ordered by priority. Some items need to have other things completed first, and they should be listed in the order they need to be completed.
What problems is the product solving and how is that benefiting you?
Listing my tasks is terrific. I have so many that others in my department do not handle, and it gives more visibility to completions and work loads.
Recommendations to others considering the product:
Until they can prioritize daily tasks, please make sure you enter the tasks in the order they need to be completed.
Great close tool, constantly improving
What do you like best about the product?
I love the ability to keep track of reconciliations and changes. I also love the ability to add checklists and easily refer to prior recs.
What do you dislike about the product?
I do not like the upload feature to update due dates. It is a bit clunky and i can't easily upload my updates. I have resorted to manual updates.
What problems is the product solving and how is that benefiting you?
Keeping track of the financial close and establish hard deadlines within a single platform. We have realized great benefits having moved off of paper binders.
FQ Review
What do you like best about the product?
My favorite function is the flux analysis portion. It makes it easy to add comments on necessary parts of the month-end close. Compared to my experience with your competitors, I feel that there is more functionality in this portion
What do you dislike about the product?
I wish the layout could be more customizable and there are additional filters for tasks such as "tasks due within X many days" instead of just "due today" and "late"
What problems is the product solving and how is that benefiting you?
Floqast has helped our company organize our month-end close processes, tasks, and account reconciliations. The daily email reminders and slack integration have ben extremely helpful
Saves so much time!
What do you like best about the product?
I love how easy it is to use and how simple the application is. The flux analysis is a valuable tool to document and review financial statements. Last-minute entries are no longer an issue with Floqast- our reconciliations always tie out to the trial balance.
What do you dislike about the product?
It would be nice to roll forward all folders at once. In addition, the flux analysis requires you to refresh each entity individually, which can be time-consuming when you have multiple locations. Also, if someone leaves and/or goes on maternity leave, and you need to switch their tasks/reconciliations to someone else you have to do it one by one. It would be nice to mass update.
What problems is the product solving and how is that benefiting you?
Floqast let's us know our reconciliations always tie out to the trial balance. We no longer worry about someone making a last-minute entry because FloQast tells us what accounts are out of balance.
Financial reporting
What do you like best about the product?
It is very good for the timeline tracks and late-day reminder.
What do you dislike about the product?
Webinars were as fun as prior years before COVID. I miss the fun quality goodies from FQ.
What problems is the product solving and how is that benefiting you?
I realized FloQast is like personal time management who reminds me where I am and how many projects are in the queue. Especially close to the end of month I got sidetracked by other projects, FQ's reminder keeps me on track.
Recommendations to others considering the product:
Log in and check your process more frequently to manage your timeline better.
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