FloQast
FloQastReviews from AWS customer
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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.
Floqast has been a great tool and has helped stream line our close process and make things easier
What do you like best about the product?
I like checking off items in the Checklist,it makes me feel accomplished. Additionally, it automatically links to NetSuite so it's easy to refresh and get updated balances. Also the support team has been really great and helpful whenever I need them.
What do you dislike about the product?
Not being able to edit or delete a comment once it's posted on a checklist item. It can only be deleted by admin and that seems like something simple that a user should be able to do.
What problems is the product solving and how is that benefiting you?
Project and time management. Additionally being able to work simultaneously and not have to worry about only having one person in a file at a time (in terms of the checklist instead of it being in excel). Also being able to easy go back to another month and reference something
Review
What do you like best about the product?
User interface is clear and easy to follow. Floqast has been very helpful with keeping track of month end close tasks and BS reconciliations
What do you dislike about the product?
Not being able to directly edit tasks/ descriptions as a user. Tasks can be updated but only by the person with admin access. It would be helpful if there was a way to edit directly and submit for approval.
What problems is the product solving and how is that benefiting you?
keeping track of month end close tasks
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