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Excellent
What do you like best about the product?
The multiple checklist items you can have. Notifies you on the things you are the reviewer, set certain notifications and not all—easy updating or changes to be made.
What do you dislike about the product?
Sometimes I sign off, and it doesn't sign me off after I refresh. My notes will disappear as well. If there is a time restriction, then log me off, then me having to do things twice.
What problems is the product solving and how is that benefiting you?
Recons are more effortless and have no email approvals; sign-offs are approvals by reviewers. Everything is in one place instead of searching for items. Performance and time productivity have increased for many users.
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Really complete and easy to understand.
What do you like best about the product?
Its really complete and its a good checklist to make sure everything is on it.
Easy to learn. And all of your team or company can participate on it.
Easy to learn. And all of your team or company can participate on it.
What do you dislike about the product?
I dont dislike anything. Honestly I think everything works correctly.
What problems is the product solving and how is that benefiting you?
the whole team. communication between partners. having all of the information gathered in 1 place.
Recommendations to others considering the product:
I really recommend the implementation of FloQast to the company. It will improve processes.
Long Time FloQast User
What do you like best about the product?
Very intuitive and easy to use, which is important when getting people to update it often. Can be used for regular closes, reporting and other processes.
What do you dislike about the product?
It's gotten a little more complicated as features have been added. Also, I wish it could link to files on my network rather than Box or OneDrive.
What problems is the product solving and how is that benefiting you?
Primarily, it adds order to our chaos. It helps people clearly see what they have to do and when as opposed to them just "doing" which drives accountability.
Great solution
What do you like best about the product?
Provides structure to the monthend close
What do you dislike about the product?
There is no iPad app and the solution does not work on an iPad browser.
What problems is the product solving and how is that benefiting you?
An organised structured accountable monthend close across multiple subsidiaries.
Growing Features; Responsive Team
What do you like best about the product?
FloQast provides a singular place for us to manage our close and compliance activities. It integrates well without ERP (Intacct) and works in our cloud storage environment (OneDrive). The controls surrounding entity access are excellent, and the integration with Excel was a great implementation efficiency feature. We didn't have to recreate our reconciliations to work in the new environment.
What do you dislike about the product?
Compliance management is in its infancy, so there is a lot to be desired. The product team is working hard and collecting feedback from users on what would be useful with this core service. There isn't currently a uniform task/reconciliation numbering convention which makes interdependency and change management a little cumbersome.
What problems is the product solving and how is that benefiting you?
FloQast has helped us reduce our close and reconciliation time by more than 50%. It also has enabled us to have better first drafts of our 10-Q filings because of the accuracy of our interim reconciliations. This efficiency has also allowed our team to free up time for process improvements.
Recommendations to others considering the product:
The core functionality is solid and additional functionality is developed for multiple releases per year. This company and its services are in active, iterative development. The price point is excellent! This product will transform your close timeframe!
FloQast Experience
What do you like best about the product?
Easy to assign tasks to different users. Makes collaboration easy for month close.
What do you dislike about the product?
Nothing to report to date. If anything, some instructions to configure MFA on the account that accesses OneDrive.
What problems is the product solving and how is that benefiting you?
Collecting documents for month to build our workbook
Easy to use, provides quick, transparent status updates. Love FQ!
What do you like best about the product?
I like that you can assign review notes directly within FQ to a specific task and export them to the format of your choice.
What do you dislike about the product?
I wouldn't say I like that there is a file size max for FQ to pick up mapped accounts for reconciliations.
What problems is the product solving and how is that benefiting you?
N/A
Recommendations to others considering the product:
Fun, easy to use!
FloQast Review
What do you like best about the product?
Ease of sign-offs to show evidence of review. Automatically grabs the GL account numbers to tie-out to schedules and details in reconciliations. It is much better than the manual/physical sign-offs or recons on paper.
What do you dislike about the product?
I wish there was a function where I could see what I completed that day. Right now I can only see everything I've completed within the month or filter out for things not yet started.
What problems is the product solving and how is that benefiting you?
Evidence of reviews. Efficiency in having tie-out workpapers set up. Reminders to various team members to close notes or wrap up anything from month-end close.
Recommendations to others considering the product:
Once you get used to using, it will change your life.
great experience, help stay focused and complete all tasks in a timely fashion.
What do you like best about the product?
The checklists are my favorite feature. They help me stay on track
What do you dislike about the product?
I dont like that sometimes Its difficult to see what you have upcoming. The website isn't the easiest to navigate.
What problems is the product solving and how is that benefiting you?
FloQast helps me during the month-end close stay on track and make sure I am completing all the tasks given to me. I don't miss deadlines and make sure nothing is missed.
Absolutely would recommend
What do you like best about the product?
Everything about floqast is to help benefit accountants and their work on a daily, weekly, monthly, quarterly and annual basis. The team at floqast is nothing but helpful in making changes and making things more helpful to their clients. The whole site is user friendly and easy to make changes. All the CSMs have been amazing and easy to work with. They are always looking for customer support in making changes in what we are looking for from the product allowing for significant beta testing all the time.
What do you dislike about the product?
The only complaint i could even fathom would be that the company is still young and the product is changing but always for the better. The change is always good and helpful in the long run.
What problems is the product solving and how is that benefiting you?
We are solving reporting issues, keeping track of all sorts of tasks and are able to separate our month end close process from our general other tasks throughout the year. The benefits have been able to shorten our month end close calendar and help us to keep easier track of all tasks related to the process.
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