Reviews from AWS Marketplace
0 AWS reviews
-
5 star0
-
4 star0
-
3 star0
-
2 star0
-
1 star0
External reviews
External reviews are not included in the AWS star rating for the product.
Month End Close software unlike anything else on the market
What do you like best about the product?
Unlike other integrations I've been through, FloQast was incredibly easy to set up. Especially with our ERP. It is very intuitive and so easy to use with minimal training. It has helped my Finance & Accounting team of 12 users make our month end close process more efficient and ensures we are always in sync and communicating throughout the close. Having the close checklist and reconciliations all in one place with deadlines and timestamps of submissions and reviews is a nice change from the old tick and tie, sign-off, paper days.
What do you dislike about the product?
Nothing. FloQast has been one of the better business partners I have worked with, in that they are constantly considering our suggestions and actually implementing them.
What problems is the product solving and how is that benefiting you?
We have more visibility and a nice global view of the close and reconciliations. It is organized, centrally managed. keeps the team on their toes, and helps us collaborate and ensure the most efficient close.
- Leave a Comment |
- Mark review as helpful
A wonderful tool to have for month end close
What do you like best about the product?
Smooth system implementation with on-going enhancement;
Easy communication with vendor as the product is managed/supported by a team with solid accounting background/knowledge;
Converts closing calendar to work day calendar for each month end close;
Month end check list for each individual and reminder for open items;
Automatically reconcile BS account balance between source schedule and TB
Easy communication with vendor as the product is managed/supported by a team with solid accounting background/knowledge;
Converts closing calendar to work day calendar for each month end close;
Month end check list for each individual and reminder for open items;
Automatically reconcile BS account balance between source schedule and TB
What do you dislike about the product?
Nothing to dislike. As a fairly new user, we continue to explore all the features it has to offer.
What problems is the product solving and how is that benefiting you?
Better visibility to the progress of the closing;
Consolidate check list from all team (AP, AR, Rev, Payroll, GL, Int'L, etc) at one loaction;
Help user to better focus and prioritize daily work during close;
Create tracking record to help identify areas with weak control that require more attention (i.e. recon/ review is missing):
Better collaboration among team
Consolidate check list from all team (AP, AR, Rev, Payroll, GL, Int'L, etc) at one loaction;
Help user to better focus and prioritize daily work during close;
Create tracking record to help identify areas with weak control that require more attention (i.e. recon/ review is missing):
Better collaboration among team
Recommendations to others considering the product:
This is a product designed and supported by a team with solid accounting background and knowledge ( many are CPAs and used to be accountants). So they definitely speak the same language as their customers. Often time, I find their offering is one step ahead of our ask, which shows the thorough understanding they have about our needs and pain. FloQast has been a great partner for us to achieve a more smooth, accurate and timely close. I would recommend it to any accounting team who is looking to improve their month end close process.
Floqast is an amazing, well-thought out product!
What do you like best about the product?
I love that it pulls balances directly from our accounting software package, Intacct and updates nightly. I refresh multiple times a day during the month-end close process.
What do you dislike about the product?
Honestly nothing I can think of. I love all the new features they came out with recently.
What problems is the product solving and how is that benefiting you?
We have a month-end close process now that we adhere to. Quicker closes. Used to be 20+ days and our last close was 8 days. Shooting for a 7-day close.
Recommendations to others considering the product:
Create your month-end close process in Excel first. Ask all involved parties for input. Select your goal close-by date and work backwards from there.
FloQast has helped to organize our close process and improve the efficiency of the tie out process.
What do you like best about the product?
The system has helped to organize our close process and improve the efficiency of the tie out process. Each person involved with the close can easily see what tasks are open and prioritize tasks to ensure a timely completion. Tying out the balance sheet to reconciliations previously was paper based – all reconciliations were printed, signed off on and put in a binder. With FloQast, we have the ability to sign off electronically and tie out within the system.
What do you dislike about the product?
There is a file size limitation in place where FloQast cannot pull in a balance from the reconciliation if the file is over a certain size (around 10MB). This was higher as recently as March 2016. This may not be an issue for other users but some of our reconciliations are well over 10MB given the size of the data sources being used.
What problems is the product solving and how is that benefiting you?
We have been able to successfully streamline our financial close process and will soon bring our international subsidiaries on board to offer better support and real time review to their reconciliations. This has definitely helped us unify the close process across our growing company.
Recommendations to others considering the product:
FloQast is constantly providing new features and improvements to existing features. They are very receptive to user feedback.
FloQast Review
What do you like best about the product?
I like how this product shows visual progress of our month end close process and that it helps to enhance the accuracy and completeness of the close.
What do you dislike about the product?
I dislike some of the functionality of the software and the rollforward feature could use some updating. The rollforward feature could use a makeover to make it more useful.
What problems is the product solving and how is that benefiting you?
We are solving several monthly SOX issues with this product by having clearly defined segregation of duties within our accounting department and making sure that all areas of our close process are completed and in a timely fashion.
Gamechanger in the period-end close process
What do you like best about the product?
Keeps the team organized & holds everyone accountable to their assigned deadlines. Enables you to leave & respond to review notes directly within a task.
What do you dislike about the product?
Do not like how many times I have to click through pages to get where I want. For example, in order to filter for my assigned open tasks, I have to click to the checklist, then click a button to bring up filter options, click the filter I want. When I click "Checklist" the filters should already be there & then I can click directly to my open tasks.
What problems is the product solving and how is that benefiting you?
FQ is addressing the streamlining & organization of our close process. We have significantly reduced the time it takes to now close & as everyone is held accountable for their tasks, we see where the bottlenecks are.
Floqast
What do you like best about the product?
My favorite feature is the alert to if something that was previously reconciled and signed off on changes. Also, they have worked with us directly for any changes our auditors require!
What do you dislike about the product?
Very few things. There are some suggested improvements but they seem to be very responsive to customer suggestions.
What problems is the product solving and how is that benefiting you?
We are keeping track of deadlines, close tasks, and documenting it for SOX purposes.
Recommendations to others considering the product:
This is a great tool to close the books and not lose track of anything.
FloQast has made the month end process more accurate, complete and more streamline.
What do you like best about the product?
FloQast has helped our month end process to become much more organized. Each member of the team knows where the process stands as well as what needs to be done. Tasks are always completed because of the checklist feature and accounts are always reconciled because of the the reconciliation feature.
What do you dislike about the product?
There is not much to dislike about this system. Every part of FloQast is easy to understand, update and work with during the month end process.
Update times to add documents to the system can tend to take some time to upload and reconcile.
Update times to add documents to the system can tend to take some time to upload and reconcile.
What problems is the product solving and how is that benefiting you?
Delegating tasks has become a much easier process as well as having a proper and complete review of the tasks completed. The month end process has become more streamline as well as complete and accurate.
Recommendations to others considering the product:
FloQast is always improving. There is always new updates and improvements made to the system.
Blackline will not have any customers in 5 years
What do you like best about the product?
Software is very easy to use and adds a ton of organization and value to our company. We have been able to get a great jump start on close each and every month and have much greater visibility into where we stand.
What do you dislike about the product?
Nothing noted, product has functioned very well.
What problems is the product solving and how is that benefiting you?
Close has been much more efficient and we shaved off days from our close process.
Recommendations to others considering the product:
Better bang for buck than blackline!!
A "Must Have" for any Accounting Organization wanting to Implement Best Practices
What do you like best about the product?
After using the platform for almost six years now and implementing at 2 different companies, FloQast continues to WOW me with each new release. The product features they are producing are spot on with the daily demands and opportunities to streamline that most accountants are looking for. Ease of use is at the forefront of the platform to where I don't have to spend hours training/onboarding new employees. It brings desperately needed controls, organization, and simplicity to the close process to allow for knocking days (or weeks) off the close process. The other KEY selling point they don't tell you is that it can be used for just about anything. We have utilized the platform for reconciling billing runs (using AutoRec), manage audits, payroll processing workflow, acquisitions, etc. The possibilities are endless!
What do you dislike about the product?
Absolutely nothing. I'd buy this product again and again.
What problems is the product solving and how is that benefiting you?
Visibility, controls, extremely long close, organization, dysfunctional excel checklist, and recons being done ad hoc are all the main problems we were solving for with our implementation of FloQast. Both times putting in FloQast, we have been able to drastically shorten close and ensure the financials are more accurate than we ever were before.
Recommendations to others considering the product:
Do it!
showing 1,191 - 1,200