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A more efficient solution that also reduces employee stress
What do you like best about the product?
FloQast enables us to quickly see which reconciliations are still outstanding, and has streamlined our monthly flux analyses. Instead of having to go in and reenter new amounts when we have late entries come in, FloQast automatically updates.
What do you dislike about the product?
Sometimes while doing the flux analysis, the amounts aren't updated and you have to manually click a button to refresh the report. This sometimes leads to inaccurate amounts when initially filling out the flux.
What problems is the product solving and how is that benefiting you?
FloQast has made our whole close process much more efficient and we've been able to cut two whole days off of our close, with FloQast being a big driver of the time savings. It's reduced stress as a result.
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FloQast Review
What do you like best about the product?
There are many things I like about FloQast; the system helps to streamline the close process, our team has been able to close the books more efficiently after the implementation of this tool
What do you dislike about the product?
Although this tool made everything more efficient, I think it can benefit from having more analytics tool options and the system can be tailored to be more intuitive on certain sections.
What problems is the product solving and how is that benefiting you?
Our team is able to have an accounting workflow where we can rely on the close process and review the reconciliations - I also like the comments options which makes it easier for both the preparer and the reviewer of the account.
FloQast Review
What do you like best about the product?
Extremely user friendly. Support is friendly and quick to respond.
What do you dislike about the product?
Assigning different users for different reporting periods can be a tricky at times.
What problems is the product solving and how is that benefiting you?
They listen to your requests and do their best to come up with solutions.
FloQast is a Fantastic Tool
What do you like best about the product?
FloQast is critical to managing and organizing our monthly and quarterly close processes. The implementation was smooth, and the tool was relatively straightforward to learn. We use FloQast for our reconciliations, close checklists, prepaid amortization etc. We also love the ability to give auditors access to view items as it cuts down on the PBC back and forth at quarter/year-end.
What do you dislike about the product?
Not many complaints here. There are a couple of clunky processes with manually uploading a trial balance (the company has a connector tool for many ERPs that could help) and refreshing reconciliations but nothing that would dissuade me from using or recommending the software.
What problems is the product solving and how is that benefiting you?
FloQast has solved the following problems for us:
- Organized our close tasks
- Automated our variance discussion and analysis
- Managed our reconciliations to ensure we captured all accounts and completed them on a timely basis
- Automated our prepaid amortization
All the items above have collectively helped us reduce our close cycle.
- Organized our close tasks
- Automated our variance discussion and analysis
- Managed our reconciliations to ensure we captured all accounts and completed them on a timely basis
- Automated our prepaid amortization
All the items above have collectively helped us reduce our close cycle.
FloQast was a very easy implementation and is very user friendly to track checklist items.
What do you like best about the product?
Floqast is easy to use as a user. The automatic alerts help end users accomplish tasks and the link with our ERP ensures accuracy.
What do you dislike about the product?
I do not have any dislikes with the current format of FQ.
What problems is the product solving and how is that benefiting you?
FloQast allows us to visualize close to drive efficiency for a faster close process.
Wonderful tool to stay on track!
What do you like best about the product?
It helps me to track my monthly tasks and ensure that I don't miss anything.
What do you dislike about the product?
Sometimes way too many emails coming in which distract me from other more important emails.
What problems is the product solving and how is that benefiting you?
End of month closing can get very hectic, FloQast helps keep me on track.
Easy to adopt and very user friendly!
What do you like best about the product?
The tool is really user friendly. Without knowing or with simple training, people can get into the system and do their balance sheet reconciliations. It's been a month since we went live, and people have demonstrated a lot of enthusiasm to work in the tool
What do you dislike about the product?
The dashboard on the first page (although it has been changed to a new version) does not reflect a good summary of progress, especially when managing multiple entities simultaneously. In other words, it is hard to get a global view of the progress
What problems is the product solving and how is that benefiting you?
We can now access real-time KPIs and track progress much more efficiently. Also, it is straightforward to access reconciliation files and the activities that the end user needs to perform. Last but not least, the tool has improved the control environment since we had a manual process in the past.
Floqast
What do you like best about the product?
Great task flow management system, easy to reassign change tasks to align with priorities. Good analytic tools.
Clear development strategy of the tool, improves every quarter.
Clear development strategy of the tool, improves every quarter.
What do you dislike about the product?
Would be helpful to bulk edit tasks to change folders etc. Currently can only bulk reassign assignees.
What problems is the product solving and how is that benefiting you?
Increased productivity through:
Aligning priorities throughout the team.
Clarity of current workload and progress.
Aligning priorities throughout the team.
Clarity of current workload and progress.
Great customizable workflow management.
What do you like best about the product?
I love that we are able to customize the setup of willing to match our business needs. The system is constantly improving to provide more options and better solutions for our workflow. I also enjoy how willing their support team is to help with issues or hear feedback on tools that could be added.
What do you dislike about the product?
There are still some features that could be helpful to match our exact workflow - but even in the last year, FloQast has made huge improvements on missing items. We function uniquely with some of our deadline timing and we still have to manipulate the setup for some tasks to match our process. The addition of weekly and biweekly tasks by FQ has helped a lot with this.
What problems is the product solving and how is that benefiting you?
FloQast helps us monitor our client close process without having to micromanage our staff. We can see what is happening from a birds eye level at all times. It also lets us see how efficient certain processes are and we can use data from FQ to suggest improvements to our team.
The #SaaS I didn't know I needed!!
What do you like best about the product?
FloQast keeps me on track as it pertains to the companies I am working with and the tasks needed to stay on track. This is imperative to keep my colleages and others informed and aware.
What do you dislike about the product?
I used to hate getting multiple notifications of tasks that were due/incomplete, but you can change that in your settings. So I guess there's nothing I dislike at the moment.
What problems is the product solving and how is that benefiting you?
As I mentioned above, it keeps e.veryone aware of what I'm working on, and it allows them up-to-date notifications on when I sign off on the tasks I'm responsible for
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