FloQast
FloQastReviews from AWS customer
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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.
FloQast Review
What do you like best about the product?
It is an easy way to document SOX controls and provides a great audit trail for external auditors.
What do you dislike about the product?
I wish you could upload Gsheets and GDocs.
What problems is the product solving and how is that benefiting you?
FloQast helps with our monthly and quarterly close processes and provides visibility into the status of key controls
Organized and easy to navigate
What do you like best about the product?
The checklist allows adding reminders for month-end close and the Fluxx analysis for comparison.
What do you dislike about the product?
Sometimes it is hard to figure out admin setting features for Fluxx.
What problems is the product solving and how is that benefiting you?
Currently none
Helps to keep us on track and organized
What do you like best about the product?
I like that we have a centralized place for tasks and the balance checks are super helpful. I like the email notices that a balance has changed or that a rec is out of balance.
What do you dislike about the product?
I don't like the folders - I wish everything that was due is all just in one place so I don't have to click through different folders. It's also not super obvious on the interface what is still outstanding and I have to click through every folder. Also sometimes it's super finicky to get the balances to pull in from Excel.
What problems is the product solving and how is that benefiting you?
Changing accounts after the fact. Reconciliation to system verification. Giving clear responsibility and ownership to specific teammates.
Best tool for integrating all close needs : FloQast
What do you like best about the product?
FloQast has an amazing user interface with great API integration with Netsuite. The GL balance integration from NS to FLoqast is fast and notification of any out-of-balance reconciliation does help in streamlining the close.
The ability to roll forward the reconciliation to next month is also a nice feature.
The ability to roll forward the reconciliation to next month is also a nice feature.
What do you dislike about the product?
1. I would have liked it if the flux analysis for consolidated entities could be created automatically.
2. Ability to notify the FP&A team who doesn't have and needs access to close the folder once completing the bigger accounting sections like Cash, Prepaid, and FA.
2. Ability to notify the FP&A team who doesn't have and needs access to close the folder once completing the bigger accounting sections like Cash, Prepaid, and FA.
What problems is the product solving and how is that benefiting you?
It has been benefiting us by having a single tool with a user-friendly interface to track checklist items, Reconciliation, and flux analysis from the same tool instead of relying on Excel and GS.
User friendly tool that greatly helps to organize the close process
What do you like best about the product?
User friendliness, ease of reporting out of the system. Clearly it has been designed with accountants in mind because most considerations around accounting close have been included as features/options.
What do you dislike about the product?
The pre-defined user roles can be somewhat restrictive. Our team has also struggled more with the underlying folder structure than the tool itself.
What problems is the product solving and how is that benefiting you?
Organization of work, documentation of procedures to be performed, allocation of work among teams, audit evidence.
FloQast continues to improve and develop into must have software
What do you like best about the product?
FloQast is very easy to learn, and the software routinely gets updates. They listen to their users and act on concerns.
What do you dislike about the product?
Still needs many tweaks, especially new functionality. But they've shown in the past that they will continue to improve upon any new module.
What problems is the product solving and how is that benefiting you?
Greatly assists with tracking month-end close, reconciliations, and flux analysis explanations....time saver and organizer!
Floqast-makes work easy
What do you like best about the product?
The presentation of interface is fantastic, and it's easy to find out what we are looking for.
What do you dislike about the product?
I don't find anything wrong which need correction.
What problems is the product solving and how is that benefiting you?
It help in keeping a soundtrack on various tasks and timelines and makes it clearer who is accountable, the preparer and reviewer.
Easy to use and navigate
What do you like best about the product?
Floqast is user friendly and has kept our team on track with deadlines and any tasks that need to be completed during every close.
What do you dislike about the product?
I think it would nice to have more notifications via email regarding when someone signs off on something and you are next to sign off
What problems is the product solving and how is that benefiting you?
A lot of customization has been helpful
After using FloQast for 3 years
What do you like best about the product?
FloQast is constantly adapting changes to its product to make it more user-friendly. It does seem that they do take user critiques seriously.
What do you dislike about the product?
There isn't anything that i dislike - There are some things that I think could be added to make it better.
For instance a "Due tomorrow" option - Right now there is only the opportunity to see "late" and "due today" - A "Due tomorrow" option would help with planning.
For instance a "Due tomorrow" option - Right now there is only the opportunity to see "late" and "due today" - A "Due tomorrow" option would help with planning.
What problems is the product solving and how is that benefiting you?
Floqast has helped with organization tremendously. I love that there is one place that allows me to see what tasks I have to complete in order to successfully complete my job.
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