FloQast
FloQastReviews from AWS customer
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Highly recommended, very helpful with month-end tasks
What do you like best about the product?
Saves my brain of memorizing all my month-end tasks.
What do you dislike about the product?
Nothing i can think of, website works very well.
What problems is the product solving and how is that benefiting you?
Saves all my daily tasks in the website, allow me to customise the dates of compeletion. Provide email alerts to remind.
Intuitive & straightforward implementation and usage
What do you like best about the product?
FloQast is straightforward to implement and easy for users to grasp. Their integration with existing Excel-based reconciliations lowers the time to implement and roll out, and allowed us to achieve value quickly.
What do you dislike about the product?
The integration with our on-prem ERP system has been more challenging that it seems to have needed to be, requiring a new (relatively expensive) layer of middleware to allow FloQast to receive regular trial balance loads.
What problems is the product solving and how is that benefiting you?
We're better organized and have visibility to where our decentralized organization is with the close.
Amazed by smooth implemenation
What do you like best about the product?
Our rep was amazing and the team got us transition and set up with ease. The product fit our needs perfectly.
What do you dislike about the product?
Wish it allows cross company files. We have a variety of interests in several companies. Would be nice to have some consolidation features.
What problems is the product solving and how is that benefiting you?
Allowing my team to gain insight into status of co-workers work and organization of our working papers.
FloQast is the solution we were looking for
What do you like best about the product?
The ease of use. Reconciliations can stay in the format that we were used to. We did not have to conform to a standard format that they dictated.
What do you dislike about the product?
The inability to link across companies. We have 57 companies and numerous intercompany transactions. I simply want to know that they net to zero and then we are in balance. We did find a solution, but it required a third party to pull the balances from our ERPs and push to a consolidated company so we can review and see that they net to zero
What problems is the product solving and how is that benefiting you?
All reconciliations are in a single place. We have a preparer and a reviewer. We have our close checklists also in FloQast with signoffs. As the controller I can look at any reconciliation, check the status of where we are on the close and we can give the auditors access to review our recons instead of gathering and uploading to them.
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.
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.
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