FloQast
FloQastReviews from AWS customer
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Great Progress Tracking, But Search Can Be Confusing with Multiple Assignments
What do you like best about the product?
Floqast offers a unique way to track progress. I like the documentation when a task is completed.
What do you dislike about the product?
Can be a bit confusing to search for what you are looking for on FloQast if working on multiple assignments
What problems is the product solving and how is that benefiting you?
Easy to track what tasks have to be completed and when. I like that it has a progress tracker and estimated time of completion for projects.
FloQast Streamlines Month-End Close
What do you like best about the product?
What I appreciate most about FloQast is how it simplifies reconciliation and task tracking, which helps save time and minimize mistakes. With FloQast Transform, we can create custom AI agents to automate processes such as reconciliations and journal entries without any coding required. This has made our month-end close more efficient and allows us to dedicate more attention to broader priorities.
What do you dislike about the product?
I don’t really dislike anything about FloQast, but some users say new features can take time to learn, integrations might need extra setup, and there can be occasional minor glitches.
What problems is the product solving and how is that benefiting you?
This tool is essential for me when it comes to managing manual reconciliation tasks and producing workbooks.
Intuitive and Streamlined Closings, with Room for More Flexibility
What do you like best about the product?
FloQast has proven to be highly intuitive and has significantly streamlined our month-end closing process. I appreciate how easy it is to upload documents to a folder and have them automatically linked and added as support, which is especially helpful when updates are required. Also, the reminders and the way tasks are organized among teams and individual team members have made it much clearer to track responsibilities and see who is handling each task.
What do you dislike about the product?
I think there could be a little more flexibility in the recurring items, but overall it has been very useful.
What problems is the product solving and how is that benefiting you?
The platform addresses the challenges of assigning, tracking, and uploading reconciliation reports, while also offering checklists for recurring tasks that we frequently use and continually refine.
User-Friendly Features Make for an Efficient Close
What do you like best about the product?
I'm a new user so haven't learned all of the functions yet but am already a fan. My favorites so far are the Request Agent because I can view all the responses in one place, the Reconciliations because I receive notifications if something goes out of balance, and the Checklist because it is easy to update.
What do you dislike about the product?
It is a tad frustrating that only assignees can sign-off on a checklist item but anyone can remove the sign-off. From an audit perspective, I understand the restriction but don't quite get why it doesn't apply both ways.
What problems is the product solving and how is that benefiting you?
It helps with collaboration, centralizing supportive documentation, and audit support.
Great Checklist Management, But Needs Faster Recons and Better Filtering
What do you like best about the product?
Close management through checklist
Reconciliation modules
Reconciliation modules
What do you dislike about the product?
--Refresh time on the underlying files for recons is slow
--Filtering on Flux assignments is limited. Same level and type of filtering on checklist items will be useful for Flux assignments
--Filtering on Flux assignments is limited. Same level and type of filtering on checklist items will be useful for Flux assignments
What problems is the product solving and how is that benefiting you?
The platform offers clear and efficient close management, making the process straightforward. Additionally, it simplifies reconciliation management, which enhances overall ease of use.
Great for Centralized Tracking, But Subsidiary Organization Needs Improvement
What do you like best about the product?
Centralized location for tracking close checklist, reconciliations, and variance analysis.
What do you dislike about the product?
Can be difficult to organize subsidiaries and roll-ups. I have difficulties accessing attached support documents. Difficult to make mass updates.
What problems is the product solving and how is that benefiting you?
Provides a centralized tracking mechanism for the accounting organization to track close status. The team has visibility into assigned tasks and progress.
Good Features, Competitive Product
What do you like best about the product?
I appreciate how FloQast brings all necessary reconciliations and documents into one centralized location, making it easy for the entire team to collaborate virtually without relying on tools like OneDrive. The platform allows easy access to prior month's comments and facilitates quick variance analyses quarter over quarter or year over year, which is essential for our workflows. I also value the changes FloQast has made recently, such as the variance analysis now defaulting to show the prior period explanation, which saves time and reduces the need for navigation to old records. It's a simple tool that isn't trying to reinvent the wheel but instead focuses on delivering functionality that works efficiently. Additionally, the smooth integration built-in with the API and the connection to NetSuite enhances productivity by helping to streamline tasks. Overall, I find it simple to use and effective in meeting our core needs.
What do you dislike about the product?
I find that FloQast does not have a real competitive advantage in terms of functionality compared to other similar tools. The primary factor seems to be the price point rather than unique features. Additionally, I am not impressed with the AI features and explanations, which do not stand out from other offerings. I also believe there is an issue with overpromising and underdelivering common to many SaaS companies. I would prefer if the company focused more on perfecting the core product and customer experience. Specifically, I find the lack of customizability in variance analysis frustrating, such as the ability to view journal entries not yet posted to the general ledger without having to reach out to FQ to build out this functionality. This limitation can result in bottlenecks during variance analysis, and having more native customizable options would be a significant improvement.
What problems is the product solving and how is that benefiting you?
FloQast centralizes access to reconciliations and documents, enhancing team collaboration without relying on OneDrive, and simplifies variance analysis. Built-in API and NetSuite connection streamline processes.
Effortless Team Coordination and Organization with FloQast
What do you like best about the product?
What I like most about FloQast is how easy it makes it to coordinate team tasks and keep everything organized. It provides great visibility into progress and ensures everyone knows what to do and when, which makes collaboration much more efficient
What do you dislike about the product?
What I don’t like about FloQast is that we need an administrator to make any changes. I would like to have more control over my own tasks. For example, I often have a single task in FloQast that actually involves completing five different steps. It would be great to create my own ad-hoc subtasks within FloQast to track those steps — ones that I can edit or manage myself without changing the main team task
What problems is the product solving and how is that benefiting you?
FloQast helps our team to stay organized during the close process, like it really makes easier to keep track of tasks and see what everyone is doing. It helps with collaboration and to make sure deadlines are not missed. For me, it’s great cause I can have everything in one place and know exactly what I need to do and when, so it saves a lot of time and avoids confusion
Centralized Task Management with Helpful Automation, But Filters Need Improvement
What do you like best about the product?
Easier to see all tasks for quarter close in the same place. The use of automated reconciliation tools is also very helpful.
What do you dislike about the product?
Filters that are not relevant to certain tasks/workflows will still carry over from other workflows. I would prefer it if the filters were specific to each workflow unless selected all workflows.
What problems is the product solving and how is that benefiting you?
It is helping with our Cash Reconciliation process by leveraging AI matching, which is making it easier for our team to track cash and outstanding calls.
Great Integration and Audit Features, Needs Better AI Flux Explanations
What do you like best about the product?
Presentation format layout + Audit /Sign-Off Trail + Integration w/ Netsuite on variances/flux
What do you dislike about the product?
Refine further on the AI flux explanation
What problems is the product solving and how is that benefiting you?
User friendly, Great tasks tracking tools
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