FloQast
FloQastReviews from AWS customer
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Floqast has been a game changer for our close process!
What do you like best about the product?
Everything is tracked in one place which really helps the team stay organized and only have to go to one place. The analytics and visuals are great for management to see our progress.
The system adds controls to the checklist and reconciliation process that are otherwise hard to manage.The alerts when recons go out of balance are huge!
The setup and updates are easy. Even for mass changes, the upload tool is very user friendly.
The support team we have is super responsive and helpful.
The system adds controls to the checklist and reconciliation process that are otherwise hard to manage.The alerts when recons go out of balance are huge!
The setup and updates are easy. Even for mass changes, the upload tool is very user friendly.
The support team we have is super responsive and helpful.
What do you dislike about the product?
Nothing comes to mind. Floqast has been really positive for our organization. Being able to edit the checklist and now recons directly on the page we are working on has also been a big time saver as the admin of the account.
What problems is the product solving and how is that benefiting you?
The biggest problems we are solving are around organization and tracking. In addition, having everything in one tool saves time and confusion for all parties.
Exceptional Month-end Close Tool
What do you like best about the product?
FQ give me the ability to see our close progress at a consolidated level and drill down to the reconciliations and supporting detail. This was sorely needed for our close process before we added FQ.
What do you dislike about the product?
I'm hoping for some revisions to the notes and the back-and-forth exchange between reviewer and accountant. My ultimate hope is to move any/all of our reconciliation review Q&A process out of emails and into FQ. However, the current notes make it slightly difficult to completely make the transition.
What problems is the product solving and how is that benefiting you?
We are managing our close process and timing more effectively with FQ. Also, one of the greatest benefits has been knowing that as the GL balances are changing through the close the recs are kept in balance. Prior to life with FQ, recons would be approved and then never touched again until the following month, despite balances changing after that initial sign-off. We now have peace of mind that is no longer taking place.
FloQast keeps me on track
What do you like best about the product?
it really keeps me on track with my recurring reconciliations and tasks. I like the updates when something is out of balance and the review notes to tag my colleagues.
What do you dislike about the product?
There's not much to dislike about it, if I have to pick something, I would say some of the analytics are a bit lacking.
What problems is the product solving and how is that benefiting you?
We didn't have ownership of accounts before using FloQast, but this forces the issue and has really helped keep our books organized.
Great way to track tasks and reconciliations
What do you like best about the product?
My favorite part of FloQast is the transparency to our accounting leadership so we can see exactly where everyone is in the month-end close process. We've found several other uses for Checklists and love it! I can't say enough about the client services team...they always take great care of us.
What do you dislike about the product?
I wish we could import budget numbers and have monthly variance reports. The existing flux analysis that compares month-over-month is not helpful for my company which is why we did not purchase that component. The software is also cost prohibitive to roll this out to other departments in our or
What problems is the product solving and how is that benefiting you?
I which we could have a little more flexibility on due dates as we have WEEKLY tasks that we are having to bandaid into FloQast and it doesn't always work correctly. Would also like to be able to pick certain days of the week for due dates. Overall, the checklists are great and keep us on task....just need a few more options to be a 100% win.
Useful Tool
What do you like best about the product?
Single place to manage close checklist and track status, forces rigor and consistency in format and structure.
What do you dislike about the product?
Can't quite get the views I'd like, not a deal breaker.
What problems is the product solving and how is that benefiting you?
Significant increase in upward visibility on close status and scope, valuable now and will be more valuable as we scale.
Helps organize and manage the close as well as SOX checklists
What do you like best about the product?
Simple to use and setup. Flexible going forward so as things change the steps can change as well.
What do you dislike about the product?
Needs a method for linking dependencies. For example a way for the person responsible for the recon to know that the journals are all complete.
What problems is the product solving and how is that benefiting you?
Close and SOX management and documentation. Very efficient approach to capturing documentation and approvals.
Recommendations to others considering the product:
Easy to try out so worthwhile to do a test run.
Best Closing Software
What do you like best about the product?
Close our book faster with more accuracy, easy sign-off and review. No manual reconciliations, easy to use
What do you dislike about the product?
files sometime were posted in incorrect folder and I had to move them to the correct ones.
What problems is the product solving and how is that benefiting you?
faster and more accurately monthly financial close, user friendly, excellent customer services, Christina Mardirosian and Edson Rodriguez are the best.
Recommendations to others considering the product:
Use the checklist to keep track of your close process - if a team member has to wait for other steps to be done before his part, he can simply wait for other members to sign off in Floqast before working on his.
No manual reconciliation
Sign off can be used for internal controls
No manual reconciliation
Sign off can be used for internal controls
Keeps us on track and on time!
What do you like best about the product?
I love the layout. It's very user-friendly and can be modified to your company's needs. It absolutely helps to keep us on top of what needs to be done and helps get our close on track.
What do you dislike about the product?
I wish there was a "to-do" like function for items not close related for example, as a payroll manager, I'd like to see a built-in to-do list that helps me keep track of not only my close specific tasks but also those that have deadlines and due dates that impact the payroll function.
What problems is the product solving and how is that benefiting you?
We've reduced our close time from 6 days to 3 days with help from Floqast
Recommendations to others considering the product:
None at this time.
It works well and is helpful to keep track.
What do you like best about the product?
I like the reconciliation feature the best.
What do you dislike about the product?
It can be cumbersome to change settings sometimes.
What problems is the product solving and how is that benefiting you?
It helps get everyone on the same page for where we are at as a team each month end.
I would definitely recommend for larger companies. It is cost prohibitive for smaller companies.
What do you like best about the product?
Being able to see status of the close real-time and knowing exactly what has been completed vs. what is outstanding. Being able to see if a balance has changed. The QBO integration is great.
What do you dislike about the product?
The analytics are insufficient for managing 100+ clients (we are on the CAS side). Wish it had an open API so we could run our own analytics and reporting. It doesn't integrate with Quickbooks Desktop, which we have a lot of clients on.
What problems is the product solving and how is that benefiting you?
Higher quality and more consistent practices in client month end close processes. Better way to track status and see team progress. More accuracy in balance sheet reconciliations.
Recommendations to others considering the product:
Set up checklist and reconciliations templates for your company to use.
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