FloQast
FloQastReviews from AWS customer
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Accountability, Communication, and Efficiency - All so we can focus on the interesting projects
What do you like best about the product?
Without Floqast, we would still be struggling to complete our annual audit in a timely manner. Now our PBC is complete before the auditors arrive and our initial selections are completed within the week requested.
Monthly close is so much faster. We have eliminated late entries and keep moving other entries earlier in the month.
Reports to senior leaders are accurate and timely.
The Floqast team is responsive and asks great questions. We have seen improvements over the years like dependencies and attachments to check lists that keep everyone on the same page.
Monthly close is so much faster. We have eliminated late entries and keep moving other entries earlier in the month.
Reports to senior leaders are accurate and timely.
The Floqast team is responsive and asks great questions. We have seen improvements over the years like dependencies and attachments to check lists that keep everyone on the same page.
What do you dislike about the product?
A lot of emails are sent to us that noone really looks at. Some folks who have only a few items forget to login because of all the noise from email. We just suggested a connection to "to do's" in outlook or maybe something of that manner.
Really there isn't a lot we don't like though.
Really there isn't a lot we don't like though.
What problems is the product solving and how is that benefiting you?
Monthly and annual todos are captured in a central place.
We love the communication tools within Floqast.
We love the communication tools within Floqast.
Business Outsourcing Accounting Manager
What do you like best about the product?
FloQast is a fantastic software for month closes processes and for overall workflow management. I have been using it for almost 5 years and every year they continue to add new features to streamline processes. If you use a software that connects directly (like NetSuite, QBO, or Intacct among others) then this is the absolute #1 software to use. It is more flexible than something like Blackline, but with features that they are adding (like journal entries pushed to the accounting software) I feel like FloQast is closing any gaps while maintaining its flexibility on workpapers that I feel works well for small to larger mid-market companies.
What do you dislike about the product?
The downside of being so innovative and constantly adding features is that some features can be a little buggy at first (never for long) and sometimes features can get updates when you don't expect it. They always have a pop up to inform on new features or changes as they are released.
What problems is the product solving and how is that benefiting you?
FloQast is first and foremost a top notch month close management software, but it has been improving to allow you to use it as a general workflow management software as well.
Driving Accountability and Efficiencies
What do you like best about the product?
The most helpful items of FQ include:
- Holds team members accountable for close and non-close items
- Enables real time status tracking to ensure closing on time or beating our timeline
- Ability to add long term projects for tracking
- Listening to customer feedback and making improvements based on it
- Holds team members accountable for close and non-close items
- Enables real time status tracking to ensure closing on time or beating our timeline
- Ability to add long term projects for tracking
- Listening to customer feedback and making improvements based on it
What do you dislike about the product?
Its bank reconciliation feature has the ability to identify what is missing from a matching perspective, but doesn't propose the entry to be booked.
The flux report does not load timely, often breaks (i.e will not load), and does not auto-refresh
The flux report does not load timely, often breaks (i.e will not load), and does not auto-refresh
What problems is the product solving and how is that benefiting you?
Close tracking - holding team members accountable to meet our close deadlines
Elevated quarter end experience
What do you like best about the product?
We continue to appreciate the FloQast team, quarterly update meetings and continuous improvement to the platform.
What do you dislike about the product?
We have a few requests out to the Team including color coding review notes and dependencies and timing of certain deliverables when key deliverables are pushed back out of our control.
What problems is the product solving and how is that benefiting you?
Reconciling underlying workbooks to the daily imported trial balance confirming documents are complete and accurate. Compiling all tasks with appropriate deadlines confirming no deliverables are missed.
Improves close process and management!
What do you like best about the product?
This product is super helpful in tracking our close progress and allows us to find weak points easier with end of month reporting.
What do you dislike about the product?
You get what you pay for - but FloQast is a little pricy compared to competitors!
What problems is the product solving and how is that benefiting you?
FloQast helps us track close and helps keep the accounting team accurate and on schedule!
Simple, User-friendly and Powerful
What do you like best about the product?
Simplicity, speed and ease of use. Integration with SAP. Maybe the best customer support so far.
What do you dislike about the product?
No downsides identified so far. Sometimes, it's not super straightforward to take action after a review note is assigned. For example, I get a review note assigned to change something on a checklist task and I am re-directed to the Folders menu, where I am not able to click on the settings/change task button which is available on the Checklist menu.
What problems is the product solving and how is that benefiting you?
FloQast is bringing all closing tasks, responsible people and deadlines in one place, easy-to-access/see/analzye. It highlights areas of improvement by easily identifying missing/late/unreconciled items. It also incentivizes responsible users do their tasks properly and on time.
Good Product
What do you like best about the product?
My team and I implemented Floqast a couple of years agao now to help manage our close process across our multiple business units. The adoption by the team happened quickly, due its ease of use and the ability to use templates we had already created. Another great feature is the drect integration to Sage Intacct and auto rec features have improved our reconcilaition and saved a good amount of time for the more complex accounts. Since it has been implemented it has allowed us to cut our close time by a week.
I also have been very happy with their customer support team implementation of features. We had a use case to need a feature added to allow Admin access to individual workflows. The team was very receptive to this request and even work with myself in getting the featured added to the system which has been invaluable.
I also have been very happy with their customer support team implementation of features. We had a use case to need a feature added to allow Admin access to individual workflows. The team was very receptive to this request and even work with myself in getting the featured added to the system which has been invaluable.
What do you dislike about the product?
My only small item that we disliked about Floqast was when we first implemented the product the autmatching function was onyl for Bank reconcilaitions and we had to come up with a seperate process in order to use the functionally. I beleive this has since been addressed with the implementation of their AI matching tool and can't wait to see it in action.
What problems is the product solving and how is that benefiting you?
The biggest problem that Floqast help solve for us was in the close process, allowing us to get our books closed faster and in a more efficient manner. It has also helped us with Balance sheet reconciliations through the auto matching and other functionalites to make it all more efficient.
Very Satisfied FloQast User
What do you like best about the product?
FloQast has revolutionized our month end close. We were tracking everything in Excel and it was ugly and clunky and not very intuitive. We now use FloQast's checklist and it creates a forecast to when we will close, shows if we are late, early or on target. We use the timeline every day during close to make sure the team members know what they need to get done. Reconciliations are easier to review. Floqast is also easy to adopt for all users and all levels. We are very satisfied with our experience and I high recommend it.
What do you dislike about the product?
I would like to be able to modify my dashboard more. It is prett standard / out of the box. But there are other close metrics and KPI's that I would like to see on the dashboard. Like historically which reconciliations are always late.. or if there is a specific team member that is always late and another that is always early... if i could see that data easily, i could rearrange the workload for my team.
What problems is the product solving and how is that benefiting you?
Floqast helps us manage the month end close process. We can see what tasks are completed and what are outstanding. We have daily check in calls (we are a remote team), and it helps our conversations be quick and effecient and helps us talk through roadblocks/obstacles if there are any. Floqast has also drastically helped with reconciliations. We can track them, have a repository for them, see which are completed and which aren't... it shows variances to our ERP. Things that Excel could not do for us.
Simple and easy to use
What do you like best about the product?
The prompts that encourage you to look at what you have to do.
What do you dislike about the product?
None that I can think of at the moment, very intuitive.
What problems is the product solving and how is that benefiting you?
It used to take us up to 5-10 days for a close for the month, that time has been reduced significantly.
Great software to organize deliverables
What do you like best about the product?
Ability to have all my tasks in one place. It makes it a lot easier for me to keep track of deliverables.
What do you dislike about the product?
Keeping track of comments feels dependent on either the preparper or reviewer following up in FloQast.
What problems is the product solving and how is that benefiting you?
Lots of month-end and quarter-end deliverables to keep track of. The reconciliation feature also helps us make note of any variance if any
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