FloQast
FloQastReviews from AWS customer
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Overall, a great system that helps with our close process
What do you like best about the product?
the signoffs that are tracked and dated within the system. Before we were doing in excel.
What do you dislike about the product?
We have Egntye folders which links to FloQast for the recs we attach, and i have to separatly lock both FloQast and ask It to lock Egntye every month.
What problems is the product solving and how is that benefiting you?
Manual sign offs for monthly checklist and recs.
Always know you are in balance
What do you like best about the product?
I like that I always know if the schedules tie to the Trial Balance. No surprises because FQ will notify me of any changes that change the balance.
What do you dislike about the product?
I dislike that I can't lock a month if everyone hasn't signed off. Sometimes I correct a schedule and sign off, but now the original preparer needs to sign off again before I can lock folders.
What problems is the product solving and how is that benefiting you?
It is keeping my closes organized. It tells the preparer what schedules need to be updated each month.
Useful tool to accomplish financial reports
What do you like best about the product?
Floqast is the best tool to complete my month end reports, it sets a reminder for me that I need to complete tasks and recon reports.
What do you dislike about the product?
I dont see any downsides in FloQast, but maybe the appearance of it. think it would be fun to customize the color of the tool :)
What problems is the product solving and how is that benefiting you?
None.
Controller FloQast Review
What do you like best about the product?
Simple implementation and simple to use, but a powerful tool to help organize account reconciliations and month-end close responsibilities.
What do you dislike about the product?
Too many automated reminders each and every day!
What problems is the product solving and how is that benefiting you?
Helps with two things: month end close tasks and timeline, and account reconciliations completed and reviewed.
Floqast Review
What do you like best about the product?
User Friendly
Organized
Facilitate work between team members in large groups
Organized
Facilitate work between team members in large groups
What do you dislike about the product?
Nothing I can think of right now. Have not had any issues with FloQast so far
What problems is the product solving and how is that benefiting you?
Communication between team members and managers
Easy to use platform
What do you like best about the product?
Auto matching of balances between reconciliations and ERP. Alerts when the balance change.
What do you dislike about the product?
On the monthly checklist, when the due date shifts because of the weekend, the checklist items are no longer in order of the checklist template.
What problems is the product solving and how is that benefiting you?
Floqast saves me time by watching balance sheet changes and sending an alert, so that I do not have to constantly run reports from the ERP
Excellent application to manage financial close & flux analysis
What do you like best about the product?
Great application, created by experienced accountants. Additionally, their customer success team and account reps are very helpful and responsive.
What do you dislike about the product?
Honestly don't really have any dislikes with the exception of not enough internal bandwidth on my team's side to really explore some of the additional functionalities outside of reconciliation management, checklist tools, and flux analysis.
What problems is the product solving and how is that benefiting you?
Real time visibility into the status of month-end close tasks, increased documentation regarding review notes and resolution, better internal controls. Overall increase in team efficiency via a very easy to understand and use application.
Easy to use
What do you like best about the product?
I think the ability to track my monthly and quarterly tasks in order according to the timeline is very helpful.
What do you dislike about the product?
I think the FloQast Reminder edit function can be updated to be more user-friendly.
What problems is the product solving and how is that benefiting you?
I think it's the task management system that benefits me the most.
FloQast is easy to implement, intuitive and makes the month end close process more efficient.
What do you like best about the product?
FloQast increases the efficiency and transparency around navigating the month-end close, including reconciliations and fluctuation analysis. FloQast is flexible and easy to use, making adding, removing and editing checklist items and reconciliations a breeze.
What do you dislike about the product?
Certain updates require the involvement of the FloQast support team, such as renaming folders. However, on the occasions where we have make these types of changes the FloQast support team has responded very timely (executing our request within 1 hour of submission).
What problems is the product solving and how is that benefiting you?
FloQast provides a single source for the month-end close checklist and allows me to track progress versus targeted completion dates. The tool is flexible so that dates can be easily adjusted based on the changing business environment (i.e staffing changes, filing/reporting deadlines).
FloQast Helped Structure Our Month End Close Quickly and Efficiently
What do you like best about the product?
FloQast provided our organization with a tool to structure our month-end close and clearly define expectations for each team member. When I joined this company seven months ago, there were no deadlines surrounding the month-end close, and it took over a month to close the books. This will be our third month using FloQast, and we will have our books closed by the 12th business day. Our team can spend more time analyzing and investigating the current month's activity rather than constantly feeling the weight of needing to close the prior month.
What do you dislike about the product?
It can be hard to get people to adjust to using a new tool. I have had to send reminders to each person on my team to sign off on checklist items and reconciliations so that I can get a clear picture of whether we will meet the deadlines in place. Once you can get people on board and use FloQast as intended, it's excellent, but it is a bit difficult initially.
What problems is the product solving and how is that benefiting you?
FloQast is a tool that provides structure, communicates expectations around deadlines, allows for visibility into where we are at with our month-end close and identifies imbalances in workloads. These were all pain points in our organization, and we are impressed at the progress our team has made since implementing FloQast.
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