FloQast
FloQastReviews from AWS customer
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Needs improvements
What do you like best about the product?
Able to verify and confirm balances, provides a good overview of the requirements to close a month.
What do you dislike about the product?
Lack of a better view of outstanding items and or a calendar instead of hundred emails. Needs to provide a better picture of the whole process during a month.
What problems is the product solving and how is that benefiting you?
The verification, review and approval of the process.
Good tool for speeding up reconciliations
What do you like best about the product?
Synchronization with accounting software to see if balances match
What do you dislike about the product?
Slowness synchronizing with Intacct compared to with QBO, occasional issues synchronizing with OneDrive or slow sync with OneDrive.
What problems is the product solving and how is that benefiting you?
Speed of sychronizing reconcilations w/ accounting software
FloQast is very useful to help reconciling and updating accounts
What do you like best about the product?
The ability to have all accounts in one view or being able to collapse and see individual accounts as needed. I like the upload feature. It makes it simple to move the data out of folders in drive.
What do you dislike about the product?
The only real downside I have experienced is that it can be extremely slow at times. Sometimes taking up to an hour to upload/update items.
What problems is the product solving and how is that benefiting you?
It minimizes a lot of the manual reconciliation process.
Simple but robust
What do you like best about the product?
I am a new user to Floqast and have used a competitor in a prior job. I love that the recs can still be performed in Excel. The dashboard is so clean and easy to read.
What do you dislike about the product?
The least helpful thing is that dependencies (for example, "watching" and getting notified when a recon or checklist step is completed) must be turned on each month and cannot be carried to the next month.
What problems is the product solving and how is that benefiting you?
FloQast allows you to always know the answer to the age old question "Where are we at with the close" with one simple click. We've shortened our close cycle dramatically since adopting.
FloQast review
What do you like best about the product?
Easy to see where you are with checklist
What do you dislike about the product?
Adding review items is extremely cumbersome, especially if they are in an email. Need to make it easy to drag and drop files into FloQast. Too many steps and takes too much time now.
What problems is the product solving and how is that benefiting you?
Benefit is mostly for our internal auditors and corporate reviewers.
FloQast Review 8/29/2022
What do you like best about the product?
I enjoy seeing the progress of my team close checklist tasks all in one location. I also like being able to filter on tags. The new reconciling items feature is also great! I am also liking the different workflows and look forward to exploring this more.
What do you dislike about the product?
I wish I could select entities rather than having to see only 1 entity or select all. I also wish there was a way to "archive" old flux analysis reports so they didn't always show up as an option for the team. It often leads to confusion.
What problems is the product solving and how is that benefiting you?
More insight into close progress which results in timely and accurate internal and external reporting. Additionally seamless integration between Netsuite and FloQast allows my team to spend more time on analysis and review for accurate reporting rather than data input.
Great method for staying on task during the month-end close!
What do you like best about the product?
Having a checklist that keeps all tasks in one place is incredibly helpful. I also enjoy the alerts that are received if something is out of balance.
What do you dislike about the product?
Filters could be a bit more prescriptive.
What problems is the product solving and how is that benefiting you?
Keeping the entire team in step on month-end close was difficult, but FloQast has helped alleviate that issue.
FloQast is incredibly user friendly!
What do you like best about the product?
Ease of use, implementation, admin settings
What do you dislike about the product?
I wish there was a calendar view of items and that you could add a link to an item
What problems is the product solving and how is that benefiting you?
We don't need to coordinate to-dos in meetings or messages, it's easy to track who's doing what and when. Reconciliations and audit trails are also fantastic.
Floqast
What do you like best about the product?
It's extremely user friendly and has shortened our close cycle
What do you dislike about the product?
Sometimes the page needs refreshed a few times for items to stick
What problems is the product solving and how is that benefiting you?
It's shortening the close cycle and helping us meet our deadlines
Very Useful for Task Management and Reconciliations
What do you like best about the product?
The best part is the shared view of the tasks for your team and the utility of the reconciliation feature. I use both of these heavily each close and they help me stay on top of my responsibilities.
What do you dislike about the product?
The only thing I dislike within Floqast is the inflexibility of the auto-rec amortization of prepaid expenses. There are a few prepaids within our accrual reports that we need to add to the reconciliation after doing amortization, but there is no way to do this within FloQast
What problems is the product solving and how is that benefiting you?
FloQast is helping me with task management as it shows me what responsibilities I have each period and reminds me if I still need to complete them or not. It has made time management very easy.
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