FloQast
FloQastReviews from AWS customer
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Floqast is awesome!
What do you like best about the product?
I love that it helps me keep track of what is needed next as well as lets me see where I am vs my colleagues
What do you dislike about the product?
Being reminded I'm behind on things can sometimes stress me out.
What problems is the product solving and how is that benefiting you?
I don't have to write lists every month. They are there for me. Also when someone posts entries and it throws my reconciliations out of balance I find out right away instead of having to wait for the reviewer to tell me.
I like the ease of attaching recons and documents for processing and approval
What do you like best about the product?
I like that I can export my list of items with the due date so that all my items are turned in on time
What do you dislike about the product?
I sometimes have issues with the size of the file not wanting to refresh. I have found that I have to save the larger files to my desktop and move them to the drive I need before the refresh works.
What problems is the product solving and how is that benefiting you?
It has helped to keep all of our tasks organized so that they are completed on time. It has also made it easier to fill in for co-workers to know what they have completed and what is still outstanding.
Streamlines close process
What do you like best about the product?
Ease of use and ability to get a quick snapshot of close progress. Also great documentation for controls processes.
What do you dislike about the product?
Requires use of Dropbox which is added expense.
What problems is the product solving and how is that benefiting you?
Streamlining our close process and as a controller it is a great tool for monitoring the close progress and ensuring reconciliations are being prepared and reviewed.
It has made month end close substantially more seamless
What do you like best about the product?
You can simultaneously sign off and review items
What do you dislike about the product?
The amount of notifications is a bit overkill
What problems is the product solving and how is that benefiting you?
It's expediting the timeliness of month end close
Great addition to our month end close
What do you like best about the product?
Extremely easy setup as well as being able to see quickly where we stand in the closing process.
What do you dislike about the product?
Just a change of processes on where we save our files, nothing too big but a bit of change.
What problems is the product solving and how is that benefiting you?
Ability to track all reconciliations in one quick and easy look and as our team grows to be able to track where we stand in month end closing.
Great tool to organise tasks and reconcile accounts in a complex structure!
What do you like best about the product?
The application is very easy to use and very flexible to adapt.
What do you dislike about the product?
There is no way to create task dependencies or at least, I am yet to find this.
What problems is the product solving and how is that benefiting you?
Floqast helps to organise month end close, and integrate consolidated and stand alone financial statements line items for reconciliation.
The perfect organizing tool for Financial Close
What do you like best about the product?
I love the ease and ability of the software to click between entities and account groupings. For me to review hundreds of different GL accounts, FQ allows me and my team to keep all the reconcilations in one central location, especially with dozens of locations and entities. It keeps my head straight. Also, love the Remind feature to help streamline communication and requests needed from Finance to help perform our monthly close and analytics.
What do you dislike about the product?
The only negative item that is slightly frustrating is the timing of updating a linked workpaper with then appearing in the main FQ software. It doesn't take long but it's not immediate so if you update a work paper and then go back to FQ to submit the reconciliation you have to wait until the balance in FQ is updated.
What problems is the product solving and how is that benefiting you?
The main problem is trying to review and keep me head straight on hundreds of GL accounts each month and ensuring we book everything we need to from the accounts and if there are balances we understand what they are.
Great software and easy to implement and use
What do you like best about the product?
It's just so flexible and easy to use. We presently use it for our monthly close and reporting and will soon add in elements to ensure that budgets, year-end and half year reporting form part of our use too. Adding a user is easy; checking for missing reconciliations is easy; restricting and expanding user access is easy too!! To add to all this it integrates seamlessly with our ERP software too! As the Group Director of Finance I can also see how the teams are performing this month to plan and also have they have performed over time, to look for the big pinch points.
What do you dislike about the product?
Not much really! The only niggle I have is about not losing the top menus on the screen when you scroll in the reconciliation screen. However, I've provided feedback on that matter and am waiting for the change to be implemented.
What problems is the product solving and how is that benefiting you?
We now have a solution to keeping month-end close checklist and reconciliations process up to date and not relying on Excel. It's also an excellent tool for proving consistency, or not, with our internal auditors.
Super intuitive tool for accounting/finance processes
What do you like best about the product?
Easy to use and implement, can be modified to fit any process. great support team to support any request or question we have
What do you dislike about the product?
Not sure there are any significant cons.
What problems is the product solving and how is that benefiting you?
Most accounting and finance processes can be managed through it, enabling clarity, monitoring, and documenting of the critical points in the processes.
FloQast - very comprotable software to manage tasks and controls (audit and SOX needs)
What do you like best about the product?
the software is very easy and friendly to use. it assists our team with managing the tasks, and documentation of our reviews and documents. It is very easy to adjust to your needs.
What do you dislike about the product?
Most of the features in the software are good - I don't have anything that I dislike.
In general, I would try improving visibility and maybe add a personal profile.
In general, I would try improving visibility and maybe add a personal profile.
What problems is the product solving and how is that benefiting you?
First of all- SOX requirements. With the system, we can document our controls in an easy way and present them to our auditors.
Improving efficiency, fewer confusions.
collaboration between team members
Improving efficiency, fewer confusions.
collaboration between team members
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