FloQast
FloQastReviews from AWS customer
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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
Real-Time ERP Sync and Smart AI Agents Make Reconciliations a Breeze
What do you like best about the product?
I like that it syncs directly to the ERP system to update GL balances real-time which helps with reconciliations & I like the AI Agents. I enjoy different checklist and recon tabs
What do you dislike about the product?
I wish the AI tools could allow pdf upload review and show formulas in the export of calculations
What problems is the product solving and how is that benefiting you?
FloQast helps it keep up all the tasks I need to complete.
Use FloQast, period.
What do you like best about the product?
FloQast has made the segregation of duties on my finance team a million times easier. We all know what we need to do at any given time, we get gentle reminders when we're falling behind, and the reconciliations that happen within FloQast are infinitely more efficient than working in our native ERP or in Excel. Our customer service is EXCELLENT, too.
What do you dislike about the product?
There isn't really much negative I can say about FloQast. Out of the 10+ various third-party solutions we employ to solve this or that problem, FloQast is miles and away the best one we utilize.
What problems is the product solving and how is that benefiting you?
Mostly bank recs and simple task-setting so tasks don't fall through the cracks.
Seamless Month-End Management, A Must for Accountants
What do you like best about the product?
I find FloQast an invaluable tool for organizing my month-end checklist and reconciliations, offering a singular, centralized workspace that keeps my focus on essential tasks. Its search functionality stands out for its efficiency, allowing me to quickly locate task numbers and presenting immediate results as I type, significantly speeding up my workflow. I appreciate how seamlessly FloQast integrates with Excel by using hashtags to automatically connect for reconciliations, ensuring everything ties neatly into the general ledger and providing reassurance as I navigate the web interface. Its ease of use and simplicity add tremendous value to anyone working within the accounting function. The product naturally markets itself through its effectiveness and utility, making it highly recommendable to future accounting teams I might join. Overall, I am highly satisfied with FloQast and believe it to be exceptionally beneficial.
What do you dislike about the product?
I fully enjoy FloQast, and I do not have a part of the software I dislike.
What problems is the product solving and how is that benefiting you?
I find FloQast organizes my month-end close tasks, providing a central location for checklists and reconciliations, which streamlines my workflow.
Keeps Month-End Close on Track—Seamless Organization
What do you like best about the product?
I use FloQast to track month-end close activities and manage reconciliations. FloQast helps both me and my team stay organized and on schedule. Whenever I want to check the progress of our month-end close processes, I simply log in and can immediately see which tasks are still outstanding. We use Floqast on a monthly basis.
What do you dislike about the product?
I honestly have no complaints about FloQast. It meets our business needs effectively. The only minor issue I occasionally encounter is when an Excel spreadsheet is uploaded and converted into a Google Doc; sometimes, the formula connections are lost in the process. However, I believe this is more of a Google Doc issue rather than a problem with FloQast itself.
What problems is the product solving and how is that benefiting you?
FloQast addresses challenges that often result from disorganization and limited visibility into the progress of month-end close and reconciliations. By centralizing all tasks and processes in a single platform accessible to the entire team, it enables everyone to quickly gain a complete overview of the team's status and any outstanding items with just one click.
Floqast Makes Processes More Efficient
What do you like best about the product?
Floqast simplifies all accounting process which makes it very easy to do our jobs as well as train others. The functionality is very user friendly which makes everything easier. Floqast also provides a great audit trail for us and other to double check work that is completed.
What do you dislike about the product?
I have not found anything yet that I do not like about Floqast.
What problems is the product solving and how is that benefiting you?
Floqast helps our company close or books faster. This helps us focus on other projects without having to spend too much time on our monthly tasks.
Great Visuals for Reconciliation, but Setup Navigation Needs Improvement
What do you like best about the product?
The visual optics of the Foder Reconciliation sections, it makes it easy to see if something it out of balance with a quick glance.
What do you dislike about the product?
Hard to remember where to update the COA and other setup items
What problems is the product solving and how is that benefiting you?
Ease of Reconciliations and sign-offs
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