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Best product for workflow management
What do you like best about the product?
This product is the best I've used to manage workflow in accounting environment. Before FloQast, everyone on my team keeps an excel spreadsheet of their month-end close tasks, which is difficult to manage and with no viability. With FloQast, it keeps the team accountable for their respective tasks every month and makes it easier to track where we are in the close process. The reconciliation function is amazing, because of it, the monthly reconciliation is no longer a nightmare for my team.
What do you dislike about the product?
I wish the review note can be visible when I hover the cursor over the difference, instead of having to click into the note column on the far right.
What problems is the product solving and how is that benefiting you?
Monthly account reconciliation used to be a nightmare for my team, with Floqast, we are now completing the reconciliation in a timely manner.
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Cannot have a seamless month end close without it!!
What do you like best about the product?
Floqast helps us organize our tasks/reconciliations, stay on task and meet our month end deadlines with ease. Upper management is able to easily look at the dashboard and see what the close status is of the entire team at any given point during the close. After month end, it helps us to easily reconcile our reconciliations to the GL.
What do you dislike about the product?
There is not really much to dislike about Floqast.
What problems is the product solving and how is that benefiting you?
No business problems. It helps us stay on task and deliver financials in a 2 day close deadline.
Recommendations to others considering the product:
Affordable product that delivers a great way to streamline your month end close.
Refer Floquast to a friend
What do you like best about the product?
Floquast is pivotal in keeping me current with my workload and status. It makes working through a monthly close less stressful, and aids in keeping me on track and on top of my tasks.
What do you dislike about the product?
I wouldn't say I dislike anything, but I would like to see a function in Floquast where I could check off Journal entries as they've been posted into our financial reporting software.
What problems is the product solving and how is that benefiting you?
Since implementing Floquast, we have been able to work through the close as a unified team. We are better able to communicate one-off issues as they relate to the journal entries we prepare, and we have shaved time off our overall close schedule. Floquast allows our team to plan our work effectively, and to find gaps in our process where we can improve efficiency.
Recommendations to others considering the product:
This product is the best I've used as far as managing workflow in an accounting environment. It is easy to use, and works as a documentation tool for any issues that arise during a close. This product is a major stress reliever, as one is not required to keep track of their assigned tasks either manually or by relying on memory. Having the ability to check off your tasks one by one makes for an enjoyable close!
Easy to use and very informative!
What do you like best about the product?
I like that everything regarding our close schedule can be tailored to the individual person/department and at-a-glance, it's easy to know where we are in the close process. It has made it so that I have less questions about the status of close items, can pull posted files and reconciliations from one place, and overall made it easier to complete the close since not everyone in our company is in the same physical location. It's also very nice to have the ability to post notes on items that will be late, or need more explanation, and not have to inform everyone via email or in person. They can just open FloQast and read the notes I, or others, have left.
What do you dislike about the product?
I wish that there was an easier way to use one-drive in order to update the files that I maintain for our close process. Since the files are stored in a centralized shared folder (not owned by me), the one-drive folder on my computer does not automatically update those files.
What problems is the product solving and how is that benefiting you?
We are not all located in the same physical location, so it has made it easier to be able to track where we are in the close process. Personally, I think that it's great to be able to see exactly where we are, and any support for our processes or for monthly data can be easily, and historically, found in one centralized location.
Keeps the team on top of their tasks
What do you like best about the product?
It details out every step in the process, so both the preparer and approver can understand what each task on the checklist is. Some steps may be related, but can be done in stages.
What do you dislike about the product?
There's not much to improve on yet as this is our first month using the software.
What problems is the product solving and how is that benefiting you?
Month end close and keeping the team accountable for their respective parts. Since some of us work remote or at different sites, it's important for us to cohesively deliver on financials. If a manager is out of office, they can just log in to FloQast to see what's been done and what's left to review.
Recommendations to others considering the product:
It eliminates the need to maintain an Excel schedule and eliminates meeting with the team on a daily basis to go over pending tasks and statuses.
Faster than ever!
What do you like best about the product?
I love the fact that I do not have to keep reviewing my checklist to make sure I completed all the schedules etc. Also, i do not have more surprises when my schedules are out of balance.. I get an email letting me know something has changed and i can take a look quickly.
What do you dislike about the product?
I do not think there is anything I 'dislike" the system is fulfilling our needs as for month end closing and I enjoy the fact that they keep adding new functionalities!
What problems is the product solving and how is that benefiting you?
Faster closing, better control on the pending items and what is the status of the items designated to other members of the team, improved communication on what is going on pending items etc
Recommendations to others considering the product:
Excellent software! You will immediately see how your process is improved. Also, it is pretty easy to use and FloQast is constantly offering training on new features or enhancements done. Very good customer service, they get back to you really quickly.
Floqast review
What do you like best about the product?
It seems very organized and user friendly
What do you dislike about the product?
I have to pull multiple reports to get what I need
What problems is the product solving and how is that benefiting you?
Faster month end close
Time Saver
What do you like best about the product?
Quick notifications when reconciliations are unreconciled
What do you dislike about the product?
I would like more analytics but i do think its offered just not within the package my company pays for.
What problems is the product solving and how is that benefiting you?
Quicker close, less wasted time
Recommendations to others considering the product:
Give it a try if you would like to save time in your closing process. Great support and does the job.
Streamlined, efficient close
What do you like best about the product?
FloQast is great at keeping our entire team updated on the status of each close item. We also utilize the review notes feature which helps bring pressing items to the forefront.
What do you dislike about the product?
I would like to see a prerequisite or requirement feature added to close items. For example, before I can check off that I've completed the long-term deferred revenue reclass, I must ensure that all deferred revenue accounts reconcile and have been reviewed by my manager.
What problems is the product solving and how is that benefiting you?
Our month-end close is extremely efficient and the entire team is able to access the necessary schedules/files.
Recommendations to others considering the product:
Give it a try!
Fantastic Close Software
What do you like best about the product?
The best part is the easy excel integration that allows you to refresh and see everything up to the minute. Any changes are reflected and alert you to out of balance accounts.
What do you dislike about the product?
Nothing at this time as we just integrated it recently, I would prefer the automatic refresh be done more then once a day but I dont believe its a major issue.
What problems is the product solving and how is that benefiting you?
Process flow is our biggest fix. This allows our managers to look at the items at a high level and have all the reconciliations in one place.
Recommendations to others considering the product:
It is a great tool and allows for everyone to reduce the amount of time they spend in month end.
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