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FloQast is Great!
What do you like best about the product?
FloQast creates efficiency by helping organize and prioritize tasks. Additionally, it helps to provide great insight into where bottle necks are during the month end close process and emphasizes issues or changes with any reconciliations. The integration was also seamless!
What do you dislike about the product?
There seems to be lower levels of customization, but perhaps I am still learning.
What problems is the product solving and how is that benefiting you?
This helps create efficiency during month end close helping to speed up the process and provide insights into where there are issues. Additionally, it helps to create an audit trail which could be lost during the chaos of close.
- Mark review as helpful
Excellent tool with a lot of potential
What do you like best about the product?
- easy interface
- checklists and reconciliation view in 1 page
- easy access to workpapers
- checklists and reconciliation view in 1 page
- easy access to workpapers
What do you dislike about the product?
- limitation on uploading reconciliation files. There's no bulk upload to all subfolders (or even upload 1 master excel file with all the reconciliations to 1 place). We have to manually upload the master excel file to each folder
- API connection (variance analysis). We had to set up two different API connections, one with YTD numbers (balance sheet) and one with monthly movements (P&L). ERP system is D365 F&O
- limitation on reviews. It does reconciliation checks but doesn't highlight unusual positions (e.g. negative receivables balances on customer level).
- API connection (variance analysis). We had to set up two different API connections, one with YTD numbers (balance sheet) and one with monthly movements (P&L). ERP system is D365 F&O
- limitation on reviews. It does reconciliation checks but doesn't highlight unusual positions (e.g. negative receivables balances on customer level).
What problems is the product solving and how is that benefiting you?
- easy overview on the state of each entity
- easy 4 eyes review and reconciliations
- easy review on each workpaper
- easy 4 eyes review and reconciliations
- easy review on each workpaper
Beneficial
What do you like best about the product?
It is clear to navigate and user friendly.
What do you dislike about the product?
When filtering for objects, I wish it didnt reset immediately when I clicked a new filter.
What problems is the product solving and how is that benefiting you?
Control testing for external audit
I find it at times difficult to locate support to reconciliations.
What do you like best about the product?
keep track on due dates and tasks assigned to me.
What do you dislike about the product?
Difficult to locate completed tasks at times.
What problems is the product solving and how is that benefiting you?
Let me know when tasks and reconciliation assigned to be are due.
System is often slow in updating as going through checklists
What do you like best about the product?
keeps all the data in one place - easy to see what has been complete
What do you dislike about the product?
there is no option for N/A so checklists are always having to be updated to specific companies make the process inefficent. The website is slow as you scroll and check off on the checklists so it take a lot longer to those tasks then it should
What problems is the product solving and how is that benefiting you?
close tracking - controls
Controller review
What do you like best about the product?
- Intuitive for even junior accountants
- no coding knowledge required
- real-time visual progress reporting
- dependencies identified up and downstream to refine close schedule
- linking possible to support controls testing
- very quick implementation
- very friendly staff and customer service
- high use cases (non-close related projects, etc.)
- very easy integration
- no coding knowledge required
- real-time visual progress reporting
- dependencies identified up and downstream to refine close schedule
- linking possible to support controls testing
- very quick implementation
- very friendly staff and customer service
- high use cases (non-close related projects, etc.)
- very easy integration
What do you dislike about the product?
- I don't like the document storage system. documents can either be in the folders or in the file storage location. documents created directly in the file storage location are not reflected in the documents section of the folder
- I can't claim ownership of the file storage system and no one has been able to help me with this
- I can't claim ownership of the file storage system and no one has been able to help me with this
What problems is the product solving and how is that benefiting you?
- Completeness of close
- Management Reporting'
- KPI tracking for close
- Quality improvement
- Granular visibility into choke points
- increased efficiency
- Management Reporting'
- KPI tracking for close
- Quality improvement
- Granular visibility into choke points
- increased efficiency
Love the checklist system
What do you like best about the product?
Easy to keep up with numerous tasks and categories for multiple clients.
What do you dislike about the product?
Would possibly like more sort features and to save them.
What problems is the product solving and how is that benefiting you?
Keeping tasks on time with deadlines
Excellent Software
What do you like best about the product?
I enjoy jow easy FloQast integrated into our systemand how user friendly it is.
What do you dislike about the product?
I have no complaints! Its so easy and helpful.
What problems is the product solving and how is that benefiting you?
It is helping with the month end close process. Being able to sign off on work and identify issues as we go has made the process of close more streamlined and easier to track.
Very well organized!
What do you like best about the product?
The organziation, linkage between recs/tasks & SOX controls in the compliance module
What do you dislike about the product?
Nothing currently because the system works as intended & setup.
What problems is the product solving and how is that benefiting you?
Streamlining accounting processes with how they link to SOX controls which reducts sthe volume of SOX requests.
Great system for checklist & recs
What do you like best about the product?
I like the format and how it keeps you organized.
I also love how you can roll forward the reconciliations each month automatically, that is a big help.
I also love how you can roll forward the reconciliations each month automatically, that is a big help.
What do you dislike about the product?
Signing off on checklists are often slow during close week
What problems is the product solving and how is that benefiting you?
Housing all reconcilations, easy to update each month and make sure everything is getting done on time.
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