FloQast
FloQastReviews from AWS customer
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Great Platform
What do you like best about the product?
It really helps with the reconciliation process and managing the close schedule.
What do you dislike about the product?
I think it's pricey for what it does and all the real features are invoiced extra.
What problems is the product solving and how is that benefiting you?
It doesn't really solve any problems, it makes tasks and managing them easier but all of that can be done in Teams or other platforms for way less money
Overall a great product for managing month-end close
What do you like best about the product?
I feel that FloQast as a tool has a very clear purpose, and it accomplishes that purpose. When performing the month-end financial close, it is important to a) track the progress, b) ensure accountability of preparers and reviewers and c) be aware of any account fluctuations that occur during and after the close. To have the progression of the close centralized and measured is important to maintaining any deadline requirements as well as finding opportunities for increased efficiency in future closes. The preparer and reviewer sign-offs are great because I believe it increases the motivation of the reviewer to really open the reconciliaiton and ensure its accuracy. The live nature of the syncs is great too to see if any items have been booked to an account after the reconciliaiton has been completed. Rather than finding out the hard way down the road, any variances that occur post-rec can be addressed before the close is finalized.
Beyond the product itself, I have found every FloQast rep that I have worked with to be professional, helpful and genuinely concerned about my user experience.
After using FloQast for our month-end close, I cannot imagine going without it. If I were to ever join a company that did not utilize FloQast for close, it would be one of my initial recommendations.
Beyond the product itself, I have found every FloQast rep that I have worked with to be professional, helpful and genuinely concerned about my user experience.
After using FloQast for our month-end close, I cannot imagine going without it. If I were to ever join a company that did not utilize FloQast for close, it would be one of my initial recommendations.
What do you dislike about the product?
I'm sure it is being worked on/improved, but I found the addition of new entities to our close tracker to be a somehwat clunky process. Our rep was able to assist and get us there, but preferably this would be a process that could be handled internally.
What problems is the product solving and how is that benefiting you?
FloQast has really enabled us to centralize our close; it has provided the file architecture to keep all our reconciliations in an easily retrievable, logical folder system as well as creating a locus of activity tracking during the close. The visualization of the close has been very helpful as well, being able to see how much has been completed vs. how much is outstanding at any point during the close provides many helpful benchmarks for tracking. As both a preparer and reviewer FloQast has made me much more efficient because my outstanding tasks are always organized and visible.
This is the first time I am using FloQast and wish my previous employers used it.
What do you like best about the product?
Organizing and tracking processes and procedures around the close process. Th eChecklists, reconciliation tracking, and variance anaylsis in one lace is very effiecent. I am looking forward to layering the Compliance functionality into our internal control environment as we approach and ready our organization to go public. The customer support team is very hands on and are always learning us to help us grow our utilization of FloQast
What do you dislike about the product?
There aren't any significant areas of dislike, as we continue to find ways for FloQast to help improve our processes.
What problems is the product solving and how is that benefiting you?
Streamlining processes. Creating checklists to better manage, monitor and track business processes. Automating reconciliations. Establishing a more robust and connected internal control structure pre IPO
Streamlining and Organization
What do you like best about the product?
We like the feature that automatically triggers an email when a reconciliation is out of balance. This helps us maintain the integrity and timeliness of our reconciliations.
What do you dislike about the product?
I wish that the monthly folder rollover would happen later in the month.
What problems is the product solving and how is that benefiting you?
FloQast is helping us streamline and further automate our closing processes with features like Autorec Matching.
FloQast helps CFO sleep well at night
What do you like best about the product?
Gives an overview of all controls and ensure month end tasks are perfromed
What do you dislike about the product?
Some modules not available unless upgrade
What problems is the product solving and how is that benefiting you?
Month end tasks and controls
Balance sheet reconciliations
Balance sheet reconciliations
A helpful resource to partner with many accounting tasks.
What do you like best about the product?
I like how the platform is a place I can go to & clearly see what I have to do for any of my workflows.
What do you dislike about the product?
It would be helpful if FloQast allowed you to set your own close date for each month.
What problems is the product solving and how is that benefiting you?
FloQast is allowing us to have our mind at ease for any month to month todo items.
FloQast is user-friendly and practical
What do you like best about the product?
Great UI. Helped streamline our reconciliation process. ReMind feature is super helpful. Implementation team was excellent!
What do you dislike about the product?
Unable to adapt to complex rules around bank reconciliations.
What problems is the product solving and how is that benefiting you?
High-level visibility on status of all reconciliations and also acts as our tracker for financial close.
Floqast has made our close and review process more efficient.
What do you like best about the product?
What I like most about Floqast is the ability to upload reconcilation for review.
What do you dislike about the product?
Making changes to the account names and updating the accounts.
What problems is the product solving and how is that benefiting you?
We are a very small department and it put everything in one place for both the CFO and auditors.
FloQast is a fantastic close management solution that is easy to get up and running
What do you like best about the product?
We have had strong internal adoption of FloQast; the software is easy to use and requires minimal training. FloQast implementation experts made themselves available to troubleshoot and streamline the onboarding process. Our close process is easier to manage and keep organized.
What do you dislike about the product?
FloQast does not have as many integrations with various ERP platforms as some other software solutions. The FloQast team is working toward implementing more integrations, but they are not there yet.
What problems is the product solving and how is that benefiting you?
FloQast keeps close on track and organized.
One source of truth
What do you like best about the product?
I've only been using FloQast for 4 weeks but I'm already a big fan! FloQast provides a "one stop shop" for your accounting team to see what tasks are due and when. I like that it integrates with our shared drive and automaticallys saves files in one spot.
What do you dislike about the product?
Tutorials/onboarding could be expanded, there's definitely a learning curve.
What problems is the product solving and how is that benefiting you?
FloQast tracks our various tasks and their deadlines
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