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FQ provides what we exepected
What do you like best about the product?
- FQ provides what we exepected
- user friendly
- can selfseve
- great, personal support when required
- user friendly
- can selfseve
- great, personal support when required
What do you dislike about the product?
- sometimes takes longer to update balanxces with big size support file
- MoM variance analyses - would be useful to see prior month commentry
- P&L account grouping can be done only via upload file instead directly in FQ
- MoM variance analyses - would be useful to see prior month commentry
- P&L account grouping can be done only via upload file instead directly in FQ
What problems is the product solving and how is that benefiting you?
Easy to follow on Month end tasks, progress, reconciliations, completnes and managing support files
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FloQast is a useful tool that helps me stay on top of my tasks
What do you like best about the product?
FloQast helps me stay on top of my tasks through the Checklist and email notifications of my upcoming tasks.
What do you dislike about the product?
I wish FloQast would cover a broader set of accounting functions. I work in financial reporting so my use of FloQat is limited to the monthly close process. I do not use FloQast for any of my financial reporting needs (such as consolidation and financial report generation) and I use other tools for that instead.
It would've been nice to have everything in one place under FloQast (both monthly close and financial reporting features).
It would've been nice to have everything in one place under FloQast (both monthly close and financial reporting features).
What problems is the product solving and how is that benefiting you?
FloQast helps reduce the tediousness of the close by having everything in one place (close, recoconciliation, variance analysis).
We've also been able to use FloQast signoffs as audit evidence, which is great and is easy to pull when asked. The signoffs identify the preparer and the reviewer as well as the signoff date, which is something our auditors want to see.
We've also been able to use FloQast signoffs as audit evidence, which is great and is easy to pull when asked. The signoffs identify the preparer and the reviewer as well as the signoff date, which is something our auditors want to see.
FQ Review
What do you like best about the product?
I like the user friendly checklist and documentation tools. It makes the close process easily repeated and scalable.
What do you dislike about the product?
I think the implemtation process could use a bit of refinement. Maybe using a standard template instead of trying to merge current documentaiton with desired outcome.
What problems is the product solving and how is that benefiting you?
It improved sommunication and documentation of close procedures much easier and streamlined.
FloQast
What do you like best about the product?
We chose FloQast (FQ) over alternative solutions primarily to ensure and improve upon our 1) SOX compliance (Evidencing controls, Reconciliations and Variance Analysis (Flux)) and 2) month end close efficiency.
Easy to use - good user interface and user experience
Smooth implementation - we had great support from FQ team through implementation (and from CFGI as their preferred implementation partner), and ongoing customer support as we use and improve the use of FQ.
The integration with Oracle R12 took thought, time and effort to set up, but has worked very well since implentation. Other cloud ERP systems should more easily integrate.
Easy to use - good user interface and user experience
Smooth implementation - we had great support from FQ team through implementation (and from CFGI as their preferred implementation partner), and ongoing customer support as we use and improve the use of FQ.
The integration with Oracle R12 took thought, time and effort to set up, but has worked very well since implentation. Other cloud ERP systems should more easily integrate.
What do you dislike about the product?
The Variance Analysis tool could be improved further. FQ do continue to improve the tool, and appears to be listening to customer feedback.
What problems is the product solving and how is that benefiting you?
We chose FloQast (FQ) over alternative solutions primarily to ensure and improve upon our 1) SOX compliance (Evidencing controls, Reconciliations and Variance Analysis (Flux)) and 2) month end close efficiency.
Active User & Admin
What do you like best about the product?
We use FQ for monthly close management (checklist/recon tracking) and variance analysis. I enjoy how easy it is to modify as our needs change as a growth company. Their customer support team meets with us quarterly and is 100% willing to help when I can't figure out how to do something. Love their free CPE!! CPE is not only focused on their product but on accounting world in general! I think this speaks volumns to their "by accountants for accountants" pitch!
What do you dislike about the product?
We don't use a lot of there other offerings and sometimes it gets a little sales pitchy...I 100% get that this is their job. I will take this as part of our quarterly meetings as the live attention/focus is nice.
I did give a few suggestions to our CSM on their auto reconcilation amortization function as I found Excel to be easier in my use case. (I have not tested this function in 6+ months).
I did give a few suggestions to our CSM on their auto reconcilation amortization function as I found Excel to be easier in my use case. (I have not tested this function in 6+ months).
What problems is the product solving and how is that benefiting you?
Tracking/Controls/Sign Offs
Best Decision
What do you like best about the product?
Ease of implementation and use. Ability to add numerous subsidiaries. Ability to copy checklist tasks easily or update assignments. Easy to download reports for auditors and SOX compliance.
What do you dislike about the product?
Wow, that is a hard one. FloQast recently removed the function to make favorite subsidiaries in the viewing sort.
What problems is the product solving and how is that benefiting you?
Allows team members around the globe a central and easy way to see what they are assigned, due dates, what is completed and what is open.
FloQast is the best close software!
What do you like best about the product?
FloQast is one of the best close software's that I've used. I love that this is connected to our accounting system and auto refreshes the balances, and will notify you when a rec is thrown off. FloQast is very user friendly and everyone at FloQast is very helpful and knowledgeable.
What do you dislike about the product?
The only downside is that sometimes the anchor doesnt register the number right away so you can sign off on the rec.
What problems is the product solving and how is that benefiting you?
Close management and organization
Floqast review
What do you like best about the product?
Floqast is very user friendly. There are not so many features we need to learn before we start using. Customer support is great. We always receive their response immediately.
What do you dislike about the product?
When I have an issue logging in Box, I can not access to files uploaded to floqast.
What problems is the product solving and how is that benefiting you?
We can do paperless month-end closing now with floqast. It saves time for preparer & reviewer and money.
Useful and Fast
What do you like best about the product?
What I like most about FloQast is that it makes reconciling faster with the use of the auto matching. It is easy to use and understandable for the most part. I like that as the trial balance changes, you are notified that your reconciliation is no longer balanced, keeping you in the know of changes being made. It is easy to add your files and most of the time it doesn't take long for them to be uploaded so you can begin reconciling right away.
What do you dislike about the product?
I seem to be the only one in my office with this problem, but often, I have to refresh 4-5 times, sometimes more before the data is updated, it can be very frusturating. This happens when updating the trial balance, and when you refresh so it reads the excel.
What problems is the product solving and how is that benefiting you?
Floqast keeps us all in the same program for the most part. Our company, as i am sure many others, have more than one program depending on what we are working on, as we do accounting for more than one company. Using FloQast allows us to reconcile from different programs/software, and have most of our reconcilations in one place. It keeps us more organized.
Excellent UI and a solid tool for account reconciliations and checklists
What do you like best about the product?
The user interface is fantastic. It is pretty, and easy to use.
What do you dislike about the product?
It would be helpful to be able to tag people in comments. This is a common feature in most platforms that I haven't seen yet in Floqast.
What problems is the product solving and how is that benefiting you?
Primary tool for account reconciliations. These are critical for internal control, and Floqast makes it relatively easy both to perform the reconciliation and to record signoffs and reviews.
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