FloQast
FloQastReviews from AWS customer
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Adds Efficiency & Accuracy to Month End Close
What do you like best about the product?
We have been using FloQast for a little over a year and it has helped us shorten our close time to 4.5 days. Completing the reconciliations in FloQast has added efficiency and accuracy to our teams review. The platform has also added a level of transparency and controls that we did not have prior to implementing FloQast. I can't say enough good things about the platform and the added features that are being released.
What do you dislike about the product?
The only function I find inefficient to use is signing off on reconciliation. It would be great to see this just be a pop up window.
What problems is the product solving and how is that benefiting you?
FloQast adds controls, transparency, and efficiencies to our close process.
Great platform to manage the end month closing
What do you like best about the product?
That you can see how your team is progressing live
What do you dislike about the product?
I would like to have a multi sign off button
What problems is the product solving and how is that benefiting you?
Easier to control the financial close
Streamlined and Efficient Close Process
What do you like best about the product?
What I liked least about FloQast was that the initial setup and customization required a significant time investment, particularly for organizations with complex accounting processes. Additionally, while the platform is powerful, there were occasional issues with syncing data from certain accounting systems, which could cause minor delays in the closing process.
What do you dislike about the product?
What I liked least about FloQast was the initial learning curve for the team. While the platform is user-friendly, getting everyone up to speed took some time.
What problems is the product solving and how is that benefiting you?
FloQast addresses several key challenges in our accounting processes. One major problem it solves is the inefficiency of the month-end close. By automating reconciliations and streamlining workflows, it has significantly reduced the time and effort required to complete our close process.
Additionally, FloQast enhances collaboration within the team, ensuring everyone is aligned and accountable for their tasks. This transparency has minimized miscommunication and errors, leading to more accurate financial reporting.
The benefit of these improvements is twofold: we not only save time and reduce stress during the close, but we also gain greater confidence in our financial data, which supports better decision-making within the organization
Additionally, FloQast enhances collaboration within the team, ensuring everyone is aligned and accountable for their tasks. This transparency has minimized miscommunication and errors, leading to more accurate financial reporting.
The benefit of these improvements is twofold: we not only save time and reduce stress during the close, but we also gain greater confidence in our financial data, which supports better decision-making within the organization
FloQast is an excellent tool for monthly reconciliations.
What do you like best about the product?
The reminders help me stay on track. The check lists and reconciliations lists help me to stay on target for what my tasks are for the month. The auto-rec is great and saves a lot of time.
What do you dislike about the product?
The auto-rec requires some set up and training to learn how to use, but this is normal with any new system. Customer support is very helpful in the training process.
What problems is the product solving and how is that benefiting you?
Development of new features for depreciation expenses and more auto-rec capabilities.
FloQast uses for tracking the Business activities
What do you like best about the product?
FloQast is very good software for maintaining and tracking the day to day operational activities on time. It is very user friendly to assess. Every day send the automatic reminder to registered email ID of the FloQast user.
What do you dislike about the product?
Customer care service it bit show and 1st time getting access for individual user is bit difficult.
What problems is the product solving and how is that benefiting you?
Floqast is automatic sent the reminder to inividual user to complete their tast and activities on time
Like having an executive assistant
What do you like best about the product?
Takes the project out of project management.
What do you dislike about the product?
You didn't renew the show :-(, more episodes please
What problems is the product solving and how is that benefiting you?
Takes the whole accounting close and makes it seamless and lets me worry about more important accounting issues
#floqast has been very pivotal to our MOE process
What do you like best about the product?
It helps us monitor month end close progress very well.
What do you dislike about the product?
So far dont have anything we dont like about it.
What problems is the product solving and how is that benefiting you?
Streamlining our month end process. It helped us cut down our MOE from 8 to 5 days.
Easiest implementation
What do you like best about the product?
Ability to connect to existing file structure.
What do you dislike about the product?
We don't currently have any complaints about the system.
What problems is the product solving and how is that benefiting you?
Keeping us all on schedule!
FQ is the best
What do you like best about the product?
Month end organization and efficiency; streamlined close processes
Straight forward and easy to use
Easy to implement
Straight forward and easy to use
Easy to implement
What do you dislike about the product?
I truly can't think of a legitimate downside of FloQast
What problems is the product solving and how is that benefiting you?
FloQast keeps us accountable in our reconciliations past, present, and future.
Easiest System to Use and Great Presentations
What do you like best about the product?
I enjoy the UI and UX of the website. I am admin, though I do not specialize in IT. My role at my company is senior accountant. So easy to navigate and make changes. We recently added flux analysis program to our recon susbscription, and the presentations from the reports are very nice and easy to follow. No more manual processes! We are implementing to add one more feature to our subsriction called Remind. We are looking forward to the email campaigning and time this will save us. Highly recommended!
What do you dislike about the product?
Integrating Oracle Fusion is not easy. We are still pushing TB to recons manually. This has more to do with Oracle than FQ. Chart of Accounts do not have an integration either, and when we have 20+ ledgers, it's time consuming to update each one manually.
Sometimes the close/flux module get mixed up and users don't easily understand how to get back to the recons. I am able to help with this and in reality, just takes practice and training. Otherwise, I don't have much else to dislike about FQ.
Sometimes the close/flux module get mixed up and users don't easily understand how to get back to the recons. I am able to help with this and in reality, just takes practice and training. Otherwise, I don't have much else to dislike about FQ.
What problems is the product solving and how is that benefiting you?
We could not use ARCS with Oracle Fusion. That system was poorly designed and time consuming. This saves a lot of time and is easy to use. The reporting is also much easier to follow.
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