FloQast
FloQastReviews from AWS customer
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Best tool for tracking reconciliations, tasks and flux analysis
What do you like best about the product?
Floqast helps to track your tasks and monthly reconciliations in a very easy and efficient manner. It also helps set deadlines on tasks which are time sensitive.
What do you dislike about the product?
I think reminder email for flux analysis is not sent even if someone is assigned to a particular task. Also, out-of-balance recons need to be notified to the owner in real time.
What problems is the product solving and how is that benefiting you?
It saves time and all reconciliation activity for multiple entities can be viewed in one place by management.
Great easy to use system with fantastic customer support
What do you like best about the product?
Makes balance sheet reconciliations so much more efficient and takes away manual controls.
What do you dislike about the product?
The checklist functionality is not something we have seen as big a benefit from as balance sheet recs.
What problems is the product solving and how is that benefiting you?
Ensuring we have a better control environment by all reconciliations being prepared and reviewed
Helps keeping track of my work. smooth month end process. Very helpful
What do you like best about the product?
Gives timely notifications if I miss anything
What do you dislike about the product?
A little slow while refreshing reconciliations
What problems is the product solving and how is that benefiting you?
I manage FQ for my organization. Its helping us to complete the required tasks timely by using a modern approach & its easier to keep track of work with Floqast
Ease of use, making close process organized
What do you like best about the product?
The checklist tab has been the most helpful for me, keeping me on top of all close tasks and ensuring that I'll be able to accomplish them before their deadlines
What do you dislike about the product?
For me, the reconciliation tab could be better if the account balance per GL column will automatically update every time there has been a change in GL balance in our accounting system
What problems is the product solving and how is that benefiting you?
Delays in processing, Organized month-end close, Easier follow ups and monitoring
G2
What do you like best about the product?
what I like best is to see immediate results.
What do you dislike about the product?
What i do dislike is can be a little confusing.
What problems is the product solving and how is that benefiting you?
Currently, I'm only using it as a crosscheck to my data.
Excellent Platform for Accounting Teams
What do you like best about the product?
Transparency about the status for the work that our entire team is performing. This allows us to ensure that we are on track to meet the goals that we have set out at the start of the month.
What do you dislike about the product?
The downsides of floqast are that there is no way to link actual files to the deliverable that we are tracking. If we were able to tag our ending files that have been signed off on here, that would be very helpful.
What problems is the product solving and how is that benefiting you?
Floqast is solving the problem of transparency in the workplace and allowing us to track the progress of our entire team, the review progress and eventually getting an idea of if we are going to meet the deadlines that have been set for our team.
Nice experience for the most part
What do you like best about the product?
Much better than using excel to track. Good that it sends email notifications.
What do you dislike about the product?
Would like if:
One-off tasks that non-admins add could be recurring
I didn't have to hoover over something to see if task or JE
Documents could be dragged into that middle document section
Notes could be edited after saving
I were notified if one of my items is approved (instead of having to put an eye on everything)
One-off tasks that non-admins add could be recurring
I didn't have to hoover over something to see if task or JE
Documents could be dragged into that middle document section
Notes could be edited after saving
I were notified if one of my items is approved (instead of having to put an eye on everything)
What problems is the product solving and how is that benefiting you?
Forces everyone to keep files in the same place
History of issues, questions all in one place
History of issues, questions all in one place
Love this Software!
What do you like best about the product?
FloQast organizes not only my close workflow but that of my entire team. It makes it easy for me to see exactly where everyone is in the close process. It also keeps me audit-ready all year long!
What do you dislike about the product?
The flux analysis tool is still a little clunky. We have to use an excel spreadsheet and go through some hoops to update the flux analysis every time there is an update to the TB. We use QB desktop for many of our clients.
What problems is the product solving and how is that benefiting you?
FloQast keeps our entire team and our clients on the same page during the close. It also maintains all our work papers and month-end reconciliations in an easy-to-use and organized format. Our audit prep time is incredibly short as we are basically audit ready every month with this tool.
The best closing tool our there
What do you like best about the product?
This helps you and your team reveiw and make sense of your close faster and more insightful than anything else out there.
What do you dislike about the product?
some things arent as instant or fully automated as i like, but FloQast is constantly working on making it better and listening to its users.
What problems is the product solving and how is that benefiting you?
just reccing out my accounts and having a set routine of responsibilities for month end
Excellent tool for tracking Journal Entries and Reconciliations
What do you like best about the product?
The reconciliation matching & checklists help me meet or beat my deadlines.
What do you dislike about the product?
No notifications after signing off on reconciliations. I have to log back in and check to see if someone made a change to an account that caused an account to be out of balance.
What problems is the product solving and how is that benefiting you?
It helps our organization ensure that accounting tasks are completed in a timely fashion. Stakeholders can see when their timelines have changed and adjust their workflows accordingly.
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