FloQast
FloQastReviews from AWS customer
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Easy to use and manage; effective and efficient reconciliations.
What do you like best about the product?
I really like how easy it is to navigate and manage.
What do you dislike about the product?
FQ could use better sort/filter options on checklists.
What problems is the product solving and how is that benefiting you?
management of month-end closing processes
FloQast has been super helpful in our month-end close!
What do you like best about the product?
The visualization of all the tasks that need to be completed for close has been super helpful so we can easily identify areas that are completed vs. need to be completed and if any areas are late.
What do you dislike about the product?
For the flux analysis, there's not an easier way to navigate to a department and you need to scroll all the way till you reach the department you want to look at.
What problems is the product solving and how is that benefiting you?
FloQast allows my accounting and finance team members to easily see our progress throughout close and see what still needs to be prepared and reviewed. It makes month-end close a lot more efficient and allows more visibility.
New users of FloQast, we love the system as a whole and see the benefits already.
What do you like best about the product?
FloQast has been wonderful in helping our team get organized. We have analyzed various parts of our general ledger that need improvement and have been able to identify them with the help of FloQast's reconciliation and checklist tools. We love that the entire team can add new checklist items for special projects they may be given, and know that utilizing this will help spread workload out more evenly over our team as a whole.
What do you dislike about the product?
We haven't found anything that we've really disliked so far. We felt implementation went really well and everything is pretty clear and easy to understand the processes.
What problems is the product solving and how is that benefiting you?
FloQast is helping us to keep track of all of our general ledger accounts, making sure nothing is falling through the cracks each month. We also really enjoy the amortization and auto-rec tools provided. The auto-rec tool will really help us as we have many cash accounts and a large amount of cash transactions on a monthly basis.
FLOQAST USER
What do you like best about the product?
Using Floqast has helped make my job nearly paperless. I used to go through at least a ream per month. Plus it keeps most important documents in one place. (Not all yet - we're still a work in progress)
What do you dislike about the product?
There is more work upfront during the close - when everything is very busy anyway. Part of that could be the learning curve. But it cuts way back on post-close processes - completing recs and printing documents.
What problems is the product solving and how is that benefiting you?
too much paper. post-close procedures.
Recent Implementation to Assist with Audits
What do you like best about the product?
We recently implemented FloQast to help streamline our Payroll Process. The process included several groups (Payroll, benefits, and compensation) and was done through emails and excel checklists. The FloQast system allows us to maintain everything used for the payroll in one system and is easy to export for Audit purposes.
What do you dislike about the product?
Navigating the system can be confusing, especially if you have multiple folders/checklists. However, if you have a great rep as we do, Katy Woodward & Erin Cox, they will help you figure it out. It is just a matter of going through everything once or twice as with any new system.
What problems is the product solving and how is that benefiting you?
The FloQast system allows us to maintain everything used for the payroll in one system and is easy to export for Audit purposes. This will, hopefully, cut down on time to pull together requested audit materials.
Simple User interface, but....
What do you like best about the product?
Its simple to use. GUI is intuitive and modern.
What do you dislike about the product?
I can not see deeper than my task, seems there are other parts of floQast that I do not know about
What problems is the product solving and how is that benefiting you?
Organizing our close process, SOX compliance
Good for larger scale businesses with teams across the globe
What do you like best about the product?
The updates on out of balance reconciliations, options to leave notes
What do you dislike about the product?
Flux analysis is not dimensional enough. Cannot report by department.
What problems is the product solving and how is that benefiting you?
Close process
Streamlined close process, love FQ!
What do you like best about the product?
Transparency between balance sheet recs GL
What do you dislike about the product?
Some of the new features are clunky - the work flow processes, they seem helpful but could be easier yo navigate/toggle.
What problems is the product solving and how is that benefiting you?
time lags due to out of date balance sheet recs, immediate notifications when something new is entered and a rec has been completed
Floqast has been a great close management tool, and is constantly evolving based on user feedback
What do you like best about the product?
The ability to track and sign-off on checklists and reconciliations, and the new dashboard layout that shows progress.
What do you dislike about the product?
The dashboard does not include assigned fluxes or open notes on fluxes
What problems is the product solving and how is that benefiting you?
Previously we ran reports to view open action items by user, the dashboard allows you to see this information with a press of a button
Very easy to implement and use
What do you like best about the product?
The tracking and sign-off capability - easy to report to ET on progress
What do you dislike about the product?
You cannot link files between folders so have to duplicate some items
What problems is the product solving and how is that benefiting you?
We are able to have more transparency in our close process
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