FloQast
FloQastReviews from AWS customer
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Simple and easy tool to use to speed up and align on close activities.
What do you like best about the product?
Floqast makes it very easy to see what is on your plate for each month end close and helps you prioritize the most important tasks on your plate. Additionally insight into other team members progress is valuable.
What do you dislike about the product?
Not much to say here as the tool is pretty perfect. Maybe a bit overpriced in my mind, and a bit difficult to configure notification settings- I end up getting a lot of emails.
What problems is the product solving and how is that benefiting you?
Floqast gives insight into our close process and where the rest of the team is at, as well as helping us make sure all reconcilliations are up to date. The integration between NS and FloQast is great.
FloQast Success
What do you like best about the product?
FloQast allowed our team, in relatively short order, to transition our manual checklist into an automated checklist with benefits. Our quarter close is smoother, more efficient and accurate with automatic feeds flowing from Yardi into FloQast verifying our underlying schedules and ensuring that no changes have been made to our GL as we work through the quarterly close and financial statement process. Since we implemented FQ one year ago we continue to find ways FloQast can be useful for our team.
What do you dislike about the product?
First, I'd like to say that any issues we have brought to the FQ customer support team have been taken seriously and they have attempted to find solutions for us. In most cases, they have! There are a couple of things that we have brought to the team's attention that, while not available yet, are in the process of being improved and solved. One issue involves our quarterly close, folders become available for the quarter in that final month of the quarter (i.e. the Q3 close folder would become available as of 9/1) however we have some deliverables for the quarter close that are due prior to 9/1. This results in us saving that information in another folder and moving it. We have made the FQ team aware of this problem and they are actively working on solving it.
What problems is the product solving and how is that benefiting you?
As I noted above, the FQ team is great at not only hearing the issues you are having but also solving those issues as well. We are happy with the support we have received and appreciate being kept up to date as new features are added that solve some of our pain points.
Easy to Track
What do you like best about the product?
It's organized, I like the layout of the website.
What do you dislike about the product?
I think the color of the website could be different.
What problems is the product solving and how is that benefiting you?
Completing and checking the checklist on time
FloQast has enabled us to achieve a more efficient close.
What do you like best about the product?
Being able to monitor the close process in real time, being able to make changes easily when needed. FloQast continually self-improves, so the product just keeps getting better.
What do you dislike about the product?
Sometimes the filtering is tough becuase of some of the choices we made for set-up. Would like to be able to filter Notes by users.
What problems is the product solving and how is that benefiting you?
We can now track our close process for all of our sub-teams in Finance & Accounting. We have been able to identify bottlenecks and address them, which resulted in reducing days to close.
User Friendly
What do you like best about the product?
As a new user to FloQast, I like how easy it is to navigate with the drop down boxes, filters, etc.
What do you dislike about the product?
The manual uploads of the trial balance from our system into FloQast daily (or twice daily) to update FloQast ending balances.
What problems is the product solving and how is that benefiting you?
It's a great tool for being able to see at a glance how the organization is doing and then being able to drill into areas where we can work on bottlenecks.
Getting started is a breeze
What do you like best about the product?
The implementation process was so painless and I love that the administrative access lies in the accounting group so we can update settings, etc. on the fly as needed.
What do you dislike about the product?
The only downside I have found is some bugs that we have had to work around in the auto-rec process. Overall, it still saves us time in our close process, just not as efficient as we would like.
What problems is the product solving and how is that benefiting you?
FQ has solved our control issues around ensuring that all balance sheet accounts are 100% reconciled. Prior to FQ, we were working off an Excel tracker that had to be manually updated/maintained.
Awesome Software
What do you like best about the product?
The best part of FloQast is being able to communicate with my team and get our month-end close done faster.
What do you dislike about the product?
Not much really, if they could offer more reporting and analytics that would be great!
What problems is the product solving and how is that benefiting you?
It has solved bottlenecks where our team didnt have much communication.
Easy, Fast, & Helpful
What do you like best about the product?
My team likes the auto-rec the best. It's easy and updates quickly all on its own. I like that I can easily see what is left to do.
What do you dislike about the product?
We wish that it had more customization for the auto rec.
What problems is the product solving and how is that benefiting you?
My favorite thing is that FQ saves me hours on my year end process.
Floqast has streamlined our close process
What do you like best about the product?
Floqast has made our SOX compliance a lot easier with electronic signoffs.
What do you dislike about the product?
I am looking forward to the new internal controls module
What problems is the product solving and how is that benefiting you?
It is making our SOX compliance easier and more effiecient
Great Platform for Managing Monthly Close!
What do you like best about the product?
I like being able to have a unified monthly close checklist for the entire team that is on the cloud and can have more than one user in it at one time. I also like the monthly close tracking dashboards that allows me to see the state of the monthly close at a glance. It is also so great that it integrates into our ERP (Sage Intacct) and with our Excel reconciliations in order to give us a real-time assessment of whether or not our reconciliations tie to the trial balance.
What do you dislike about the product?
I cannot think of any major dislikes of FloQast that I have at this time.
What problems is the product solving and how is that benefiting you?
FloQast is helping us track the state of the close, allowing us to organize our team and its actions in order to most efficiently and quickly close our monthly and yearly books.
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