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Very easy to implement and use. Customer support was awesome
What do you like best about the product?
FloQast provided the visibility to account reconciliations that was significantly lacking.
What do you dislike about the product?
I would like more reporting features to be added and exports of data/signoff's.
What problems is the product solving and how is that benefiting you?
Providing visibility into close and account reconciliations. We have a central repository now for account reconciliations. There is no more guessing what the status of account reconcilations are at any given point in the month.
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Floqast implementation and adoption at DEPT Agency
What do you like best about the product?
Visibility of all reconciliations
Automated roll forwards save time
Standardised the process and format of recs
Ease of onboarding of new starters
New features being released all the time
Implementation was really easy
Implementation team and ongoing support is great
Integration with Netsuite is seemless
Automated roll forwards save time
Standardised the process and format of recs
Ease of onboarding of new starters
New features being released all the time
Implementation was really easy
Implementation team and ongoing support is great
Integration with Netsuite is seemless
What do you dislike about the product?
Nothing I can think of! It delivered all our requirements and benefits included in our business plan.
What problems is the product solving and how is that benefiting you?
Everything I mentioned on what I like about floqast. Plus easy to onboard new entities as we acquire them and integrate them into our processes and standards of accounting
This tool is good at helping accountants keep track of all their month end responsibilities.
What do you like best about the product?
Very clean layout, easy to read and keep track of all your to do lists, month end processes, and balance sheet reconciliations.
What do you dislike about the product?
at times, ending balances do not seem to sync timely with your ERP system
What problems is the product solving and how is that benefiting you?
Staying organized and helping to stay focused on meeting deadlines for month end purposes
FQ Makes for an Easier Close
What do you like best about the product?
In addition to having a great dashboard view of the overall progress for close, FQ generally makes it easy to track the status of individual tasks. This ensures necessary recurring tasks are being completed timely, in addition to meeting SOX compliance requirements
What do you dislike about the product?
Sometimes there are syncing errors with the reconciliations, which cause email notifications that the reconciliation is out of balance.
What problems is the product solving and how is that benefiting you?
We're benefitting from SOX compliance and general status tracking with monthly close. We also use some of the reconciliation features, such as the linked tagging which shows the variance between our reconciliation file and the actual ledger balance.
Make Close Your Best Friend!
What do you like best about the product?
I enjoy that all my tasks are generated for me monthly and that I receive email notifications when items are becoming due. using the # system for close recs makes organization easy to handle. I also enjoy how easy it is to comment on items I've completed with a link to my files to keep organization clear. I use FloQast almost every day!
What do you dislike about the product?
I don't like that I currently get a notification every single time that a rec goes out of balance. This may be configurable in settings but sometimes I feel I'm over notified.
What problems is the product solving and how is that benefiting you?
Floqast solves our organizational issues we deal with daily. We are able to keep our files separated and easily accesible in multiple different places. It also makes it very clear where we have variances that we wouldn't be able to see otherwise.
Increased comfort and visibility of the close
What do you like best about the product?
I have implemented floqast at multiple companies, due to the speed at which you can get the product up and running and also its seamless integration with Netsuite. The platform itself is ituitive and user friendly so it is easy for new team members to pick up, even without the training that Floqast offers.
As a reviewer of the financials I love that floqast issues alerts when reconciliations are ready for review and also when reconciliations fall out of balance post review, giving me increased comfort over the accuracy of our close. I also like many of the new features they have bought out that make my teams like easier - such as the remind application.
The analytics tab gives a great insight into any bottlenecks in the close and also allows visibility into distriubution of work load amongst the team.
As a reviewer of the financials I love that floqast issues alerts when reconciliations are ready for review and also when reconciliations fall out of balance post review, giving me increased comfort over the accuracy of our close. I also like many of the new features they have bought out that make my teams like easier - such as the remind application.
The analytics tab gives a great insight into any bottlenecks in the close and also allows visibility into distriubution of work load amongst the team.
What do you dislike about the product?
Nothing at this time - Floqast actively seeks feedback from users and regulary updates the software to introduce new features to improve the product. Two of our suggestions were implemented so the team really are acting feedback.
What problems is the product solving and how is that benefiting you?
Floqast is ensuring that all our balance sheet accounts are fully reconciled and reviewed.
Huge improvement for our month-end close process!
What do you like best about the product?
Overall the implementation was easy. The platform is user-friendly for the end user (preparer), which requires little training. Customer support has been great, they are very responsive. It integrates easily with Sage Intacct.
What do you dislike about the product?
It is somewhat difficult to add or edit tasks in bulk at the top level for multiple flows, in our case 30+ entities. It requires a full export/import of ALL.
What problems is the product solving and how is that benefiting you?
This has taken our month-end tasks out of Excel. This helps with tracking, training, and accountability. We have also implemented flows for auditing rent rolls, paying taxes, etc.
Consolidated team tasks
What do you like best about the product?
ability to see all acounts and whether they have been reconciled or not and also able to list tasks and assign to team members and managers.
What do you dislike about the product?
Not necessarily user friendly upon first use. Definitely need to explore and navigate different screens to get a feel of the set up.
What problems is the product solving and how is that benefiting you?
No account is left behind! can easily determine what accounts need attention.
Its an excellent month end tool that has no comparison to others
What do you like best about the product?
I like the fact that you can plan ahead, see a schedule, modify it and work with it as a guidance to get your tasks completed on time
What do you dislike about the product?
Can't make a change to current month tasks
What problems is the product solving and how is that benefiting you?
Being late with tasks and reconciliations. We also are using it to track our monthly Tax filing which is helping us to avoid late payments penalty and interest hence saving the company money.
Ideal for Month-End Close and Balance Sheet Reconciliation Management
What do you like best about the product?
That it can refresh GL balances in real time.
What do you dislike about the product?
We don't use all of the functionality available. I would not say that we don't like them, but do not need them.
What problems is the product solving and how is that benefiting you?
N/A
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