FloQast
FloQastReviews from AWS customer
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FloQast Review
What do you like best about the product?
Organizes month-end processes in a simple and effective manner.
What do you dislike about the product?
Needs more customizable options to personalize the experience. I.e. showing my own colour themes, etc.
What problems is the product solving and how is that benefiting you?
Organizes month-end, so all the deliverables are met and in time.
Floqast- Close Management Solution
What do you like best about the product?
I like that you can update and track all items in a concise and organized manner with mapping that happens throughout the systems, so all you need is in one place. Tracking is auditable, so the records are well maintained.
What do you dislike about the product?
There isn't always a perfect solution for each and every way you want to track or reconcile, but the team does work with you to try and make sure all your needs are met as best as possible.
What problems is the product solving and how is that benefiting you?
Tracking everything that has to happen in close can be daunting, and often times things can slip through. Everything we do every month is in one place, so its easy to stay on task and see the progress or close or any other task list.
FloQast is Amazing
What do you like best about the product?
FloQast is easy to use. It is user-friendly. It organizes the close process and our annual audit.
What do you dislike about the product?
If the reconciliation file is large, it is difficult to download. It is easier to access the file in the folder.
What problems is the product solving and how is that benefiting you?
We previously used Excel to complete our reconciliations. The file was set up so only one user could be in the file at a time. It slowed our close process. We have used FloQast for our annual audit this year. We put the PBC list and due dates. We now have reporting on when deliverables have been provided.
FloQast helps to streamline the financial closure and it's user friendly
What do you like best about the product?
Through FloQast, we can assign financial closure tasks and reconciliations within the team while assigning the expected completion dates. Also, it sends reminders when checklist or reconciliation items are due or when any reconciliation has gone out of balance. I like their checklist feature as it helps me to plan my tasks while keeping a proper track of which tasks are due monthly or quarterly and on which date.
What do you dislike about the product?
I like FloQast and there is nothing big to complain about it. However, it would be nice if the balances of the reconciliations get updated more quickly (within a few seconds) as soon as the refresh button is clicked. Also, it would be nice if the balances of the other months also get updated simultaneously once the refresh button of a particular month is clicked.
What problems is the product solving and how is that benefiting you?
We were able to assign tasks between the team members properly and plan the financial closure properly to complete it more efficiently. Also, we were able to complete financial closure tasks and reconciliations on time without missing or forgetting anything. Further, the review notes option helped us a discuss the financial closure-related issues we have noticed, then and there. It also helps to get some idea on where we stand at the financial closure through the dashboard.
Recommendations to others considering the product:
I think FloQast is a great tool to manage and plan financial closure tasks and reconciliations smoothly and on time. It reduces the manual work a lot as well.
great for month end close
What do you like best about the product?
I like the use of checklists and ease of sortability sortability
What do you dislike about the product?
Sometimes the updating of reconciliations can take a while if you are an organization with a lot of entities
What problems is the product solving and how is that benefiting you?
We are speeding up our close process and keeping track of day-to-day operations and preclose activities
Recommendations to others considering the product:
use it. it works
Easy to use product
What do you like best about the product?
It is very easy to use the filters to see what and when items are due. I also like that I can easily change the filters to find the responsible person for items that I may have questions on.
What do you dislike about the product?
I have had some issues uploading files from my cloud service. I have to save them onto my local drive to upload into the FloQast cloud.... weird.
What problems is the product solving and how is that benefiting you?
When changes occur and my recon file needs to be updated, it is very easy to see in the dashboard. When items need to be reassigned, it is easy to export into an excel file and review.
floqast review
What do you like best about the product?
FloQast really provides our AR team with a deep understanding of our month end process. With Floqast it really is hard to miss anything. It is also very user friendly
What do you dislike about the product?
In regards to FloQast, there is not much to honestly dislike about the product. The lack of global controls make it difficult to ensure uniformity across multiple entities but I am sure this is something that will be added in the future.
What problems is the product solving and how is that benefiting you?
The user interface. It is easy to see the progress of close at a glance, and its easy to navigate around, regardless of your role, to see what you need to do and how on track you are for close. I also really like the sign off features, and the reminder emails, because it holds you and your team accountable.
Accounting
What do you like best about the product?
Analytics, close checklist items, reconciliation support
What do you dislike about the product?
Analytic explanations delete when changing import templates
What problems is the product solving and how is that benefiting you?
It helps to organize the close process
Great tool for Accounting Teams!
What do you like best about the product?
I love the ability to see who is assigned which task easily. We have a large team with so many essential tasks and responsibilities and FQ allows us to easily assign tasks to people as well as being able to see which tasks have been completed.
What do you dislike about the product?
I don't like how long it takes to update reconciliations. I have dozens of reconciliations that I need to update all the time. I wish there were an option to update just one at a time instead of having to wait until every single recon has been updated.
What problems is the product solving and how is that benefiting you?
Being able to assign tasks to a big team and seeing if those tasks are being completed is very important to our team and FQ helps us with that.
Exceptional month end close streamlining.
What do you like best about the product?
All month-end tasks and reconciliations live in one place, as well as the flux analysis.
What do you dislike about the product?
There isn't a semi-monthly frequency option for operational tasks like approving payroll.
What problems is the product solving and how is that benefiting you?
The general disorganization of tasks and reconciliations is now a thing of the past, creating greater efficiencies.
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