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Easy to use product but not a one-stop-shop
What do you like best about the product?
User friendly, easy to understand, easy to admi
What do you dislike about the product?
Have to change Month End Close day manually.
What problems is the product solving and how is that benefiting you?
We are a big companies that has over 20 entities over the world. Floqast helps manage all accounts and see the progress easily. Great for teamwork.
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Great system, but high cost for what it does
What do you like best about the product?
It's pretty easy to use and has a pretty shallow learning curve for new users to climb. The help/training tools are really great, and the people are super professional and friendly and always willing to help.
What do you dislike about the product?
For smaller companies, the high platform/base cost is a deal-breaker. For large companies with large accounting teams, it makes a lot more sense. Sometimes its simplicity can make it complicated to understand since it syncs with OneDrive and Excel and sort of mimics both; from a systems perspective it can be confusing where those end and FloQast begins.
What problems is the product solving and how is that benefiting you?
Organizing the monthly close, trying to shorten it by several days, and maintaining accurate reconciliations/being audit-ready. We flew through our audit this year and I think FloQast being implemented made a big difference.
well satisfied
What do you like best about the product?
I like that it keeps track of the reports that I have already reconciled and the ones that I am missing.
What do you dislike about the product?
I don't like that floqast doesn't alert other team members when someone else replies to their initial notes.
What problems is the product solving and how is that benefiting you?
Floqast is solving our month end reconciliations and keeping all of our reports in one place.
My experience using FloQast as a preparer has been transformative
What do you like best about the product?
As a preparer of the reconciliations, FQ have made it easier to track and manage close tasks
What do you dislike about the product?
I wouldn't say that I dislike anything about it as I'm only a User
What problems is the product solving and how is that benefiting you?
Helping me to task and Manage tasks that are assigned to me
Only been using a few months but has been helpful speeding up our close process.
What do you like best about the product?
I like that all rec's and close items are in one place
What do you dislike about the product?
so far there is not much to dislike. still new to the product
What problems is the product solving and how is that benefiting you?
speed of close
Great product to streamline closing
What do you like best about the product?
I love the daily updates that let me know where my tasks stand. You can see at a glance if you are on track for closing by your deadline and a quick click takes you to all of your outstanding items.
What do you dislike about the product?
I haven't found any issues with FloQast, as we are still in the process of tweaking items to be more efficient for our team
What problems is the product solving and how is that benefiting you?
Floqast gives us one place to check off and deposit our reconciliations and monthly registers.
Floqast for all your reconciliation needs
What do you like best about the product?
Floqast is a great software that has allowed us to streamline our reconciliation process and month-end and keep team members accountable
What do you dislike about the product?
There is nothing to dislike about FloQast. There a few areas that could do with improvement.
What problems is the product solving and how is that benefiting you?
Checklist allows us to keep track of all our items and the teams add-in is great as it provides you with reminders and informs you when you have late items
Great tool for organizing the close process and enhancing visibility into progress!
What do you like best about the product?
FloQast is extremely easy to use, update, and manage. The interface is intuitive, easy to navigate, and not overly complicated or clunky. The software itself does an excellent job of interfacing with month-end checklists and reconciliations and provides solid real-time KPI's and audit reports.
What do you dislike about the product?
There is nothing major that I do not like about FloQast. While my team doesn't use the full scope of services offered by FloQast (e.g., auto-recon, amortization of prepaid schedules, etc.) we have found increase visibility into progress, pain points on timing of interdependent tasks, and an overall quicker and better documented close!
What problems is the product solving and how is that benefiting you?
FloQast is solving issues my organization was having with restructuring our month-end close process to take an entity-wide balance sheet approach as opposed to our old "siloed" approach of reviewing only individual entities. It has allowed for a quick snapshot of the close progress and allows team managers to quickly identify areas for improvement for our team and its processes.
A good place to organize and save JE supports
What do you like best about the product?
It makes our audit process easier because it is very easy for auditors to find all Jounal entries supports
What do you dislike about the product?
It cannot do complex balance sheet reconciliation
What problems is the product solving and how is that benefiting you?
- Tracking month end closing process
- with the check list, we won't forget anything month end tasks
- after month end, the flux funcation
- with the check list, we won't forget anything month end tasks
- after month end, the flux funcation
Very happy with the quick implementation
What do you like best about the product?
So easy to use and quick implementation.
What do you dislike about the product?
Not muc h to dislike. We would like to perform a reconciliation on retained earnings but FloQast doesn't include retained earnings as a reconciling account. This is not a deal breaker.
What problems is the product solving and how is that benefiting you?
We need a better tracking for our month-end close checklist, also we need a better way of tracking our account reconciliations.
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