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FQ used for sox purposes and reconciliations
What do you like best about the product?
In my opinion, one of the better features is when an account has been previously reconciled and then changes, it will notify the preparer/reviewer of the change, so they then need to go research the change and re-approve.
What do you dislike about the product?
As a reviewer, when selecting specific accounts to reconcile, it would be beneficial if the hashtag link went straight to that number reconciled in the work paper.
What problems is the product solving and how is that benefiting you?
This replaced a previous software for our SOX documentation for reviewers/approvals. This solution gives a better overview on the status of things and helps reviewers drill down to those items that remain open.
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Floquast is a great tool for business to utilize.
What do you like best about the product?
Floquast new dashboard provides a helpful view of work to be completed.
What do you dislike about the product?
Floquast is continuing to improve its dashboards and may do so too often.
What problems is the product solving and how is that benefiting you?
Floquast is solving the problems that arise when an organization has lots of entities and work can be jumbled around.
Professional service, great product!
What do you like best about the product?
The FloQast team has been highly professional and helpful since the first phone call. The FloQast team went above and beyond with implementation on a very tight timeframe and has exceeded our expectations.
What do you dislike about the product?
Our team has not found anything to dislike.
What problems is the product solving and how is that benefiting you?
FloQast has provided more helpful analytics for our close process and allowed us to overcome bottlenecks that we were experiencing with our previous system. We were able to integrate into the FloQast system with minimal hiccups seamlessly.
Easy to use accounting software
What do you like best about the product?
Visibility of task progress and collaboration tools, such as leaving notes and watching tasks enable users ability to start tasks without having to email each other seperately. Balance sheet reconciliations flag up when they are thrown off balance since they were last rec'd, meaning that nothing is missed
What do you dislike about the product?
Ability to groups of tasks that then sequentially cause another task available to be completed would be very useful. Also manually dropping in a TB is time-consuming.
What problems is the product solving and how is that benefiting you?
Speeding up month-end procedures, such as auto balance sheet recs, saves time vs doing them manually in excel. LEaving notes visible for the whole teams increases synergy and communication.
A Seamless Solution for Close Management
What do you like best about the product?
Monitoring the status of month-end close tasks makes my life so much easier and more organized. Seeing it all in one place gives me peace of mind that the team is on track and that account reconciliations are completed timely and accurately.
What do you dislike about the product?
The only downside I can think of is it can be a bit overwhelming with all the options and customization the platform offers, but it has just taken some time to get used to!
What problems is the product solving and how is that benefiting you?
There are many moving parts in an accounting close, and FloQast keeps everyone on track. I am more productive since I can see all of my tasks and their respective due dates.
See dislike commentary below.
What do you like best about the product?
filter functions, email alerts in real time, reliable connection to netsuite
What do you dislike about the product?
Would prefer a filter where you can see all items not signed off on yet instead of specific titles like late or unreconciled. Similar to when you can filter from "low to high" when online shopping. Would also prefer if you could click on the netsuite balances and it open up into the account detail in netsuite.
What problems is the product solving and how is that benefiting you?
it solves workflow in a great way where i never need to question what is on my plate to work on next
Streamlined processes
What do you like best about the product?
Floqast provided me with a platform to standardize the month-end close process. It also allowed all team members easy access to the organized client file structure.
What do you dislike about the product?
There is a limited number of software providers it connects to. The manual trial balance upload is cumbersome.
What problems is the product solving and how is that benefiting you?
Allows all team members to know the progress of each task.
Great to use for organization and tracking purposes
What do you like best about the product?
I love that FQ can track all tasks related to month-end close. It helps keep the company organized and for tracking purposes.
What do you dislike about the product?
I have not found something that I dislike about FQ yet. Will let you know when I run into it.
What problems is the product solving and how is that benefiting you?
FQ helps track all the tasks required to complete month-end close. Everything is online and accessible to the audit trail.
Very easy to keep on track with any deadlines or goals you have set.
What do you like best about the product?
That it emails me to alert me when a report of mine is either late or when a report I already signed off on has changed and is no longer balancing helps me always stay on top of my account balances.
What do you dislike about the product?
Sometimes it filters itself or automatically filters by subsidiary and if I don't check it, I can assume that I have already finished my work for that working day.
What problems is the product solving and how is that benefiting you?
Time managing my work through each month and helping to stay on top of deadlines.
I just started using FloQast, but so far I am enjoying it
What do you like best about the product?
Keeping track of all my tasks so I can complete stuff on time and know when it's due.
What do you dislike about the product?
Sometimes the user dashboard can be a little hard to use
What problems is the product solving and how is that benefiting you?
It's solving completing our monthly closes in a timely manner.
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