FloQast
FloQastReviews from AWS customer
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Great tool for accounting close management
What do you like best about the product?
FloQast is very easy and quick to set up. Great tool for managing the accounting close process in terms of reconciliation, flux analysis, review and approval documentation etc.
What do you dislike about the product?
FloQast has been great in my experience and everything works out well so far!
What problems is the product solving and how is that benefiting you?
Our team uses FloQast to keep track of all closing activities and FloQast makes it easy for everyone to see the status, review and approval of all tasks.
Great Accounting Close Tool
What do you like best about the product?
The ability to track close progress via checklists and recons is crucial for a smooth close. You can have quarterly or monthly tasks to limit the number of things to sign off on during non-quarter-end tasks.
What do you dislike about the product?
It doesn't seem to automatically refresh data. It also only notifies an account that is out of balance if its variance is a specific amount. It would be more helpful to get a notification if an account was reconciled and signed off, and then changed after, causing it to become out of reconciliation.
The ability to combine Floqast with other recon tools like Blackline or other Floqast Orgs to get a consolidated view would be beneficial (aka Redfin corp uses it but so does RentPath, but our orgs use it separately and we have to manually combine the two when looking at aggregage variances).
The ability to combine Floqast with other recon tools like Blackline or other Floqast Orgs to get a consolidated view would be beneficial (aka Redfin corp uses it but so does RentPath, but our orgs use it separately and we have to manually combine the two when looking at aggregage variances).
What problems is the product solving and how is that benefiting you?
Aids in our aggregation risk analysis, where we ensure that on an individual and aggregated basis, no reconcilation goes over our SOX threshold. It also helps us with smoothing out our close process to ensure everything has been completed.
Easy to use, great support
What do you like best about the product?
User interface is straightforward, filtering is great, easy and quick to refresh data from NetSuite and supporting workbooks.
What do you dislike about the product?
Bank rec module could be expanded to add auto-import of bank BAI2 files, and auto-creation of bank entries to push to NetSuite based on defined rules.
What problems is the product solving and how is that benefiting you?
Makes tracking close very easy. The user interface is intuitive and easy to update for changes
Floqast is great and has really helped us manage our monthly close.
What do you like best about the product?
I love how you can link your reconciliations to the accounting software, and ensure you are reconciled. I also really appreciate the to do/task list you can set up for monthly, quarterly or annual items.
What do you dislike about the product?
Areas of improvement I could see for Floqast would be having it perhaps be more applicable during the month vs only utilized during month end close. I know there are features you can use through the more, but they are not as necessary as the features during month end close.
What problems is the product solving and how is that benefiting you?
The biggest benefit I have seen with floqast is the ability to share and review reconciliations across the organization with ease. Previously everyone has their own excel on their desktop, we wouldn't know when something was not reconciled, and overall it was not as transparent.
Cut our close in half!
What do you like best about the product?
The first thing that stood out to me was how user friendly FloQast is. It's appealing to the eyes and super easy to navigate. It is so organized and can be useful to small or big companies, the capabilities are fantastic. Once we implemented FloQast we went from a 12-day close to 6! It was a great tool to hold people accountable. Another favorite about FQ is the flux capability.
What do you dislike about the product?
The only thing I wish it had was the capabilities to have access to view prior periods notes and flux explantions in the current window you are working in. At the moment you have to open a new window and pull up the prior month to compare.
What problems is the product solving and how is that benefiting you?
Instead of having to slack managers that something is ready to review, FQ will notify them that something is ready for review. It also helps with keeping an organized list of tasks to do so people don't forget!
Floqast is amazing! Still a huge fan. Love it. Best software for keeping an organized close.
What do you like best about the product?
Easy to track each everything. easy to use
What do you dislike about the product?
We have it set up to where differences have to be less than a dollar but I think that can be adjusted. No major complaints
What problems is the product solving and how is that benefiting you?
It is solving our transparency problem. The entire team can see the progress we are all making each month end close. We've used it for a long time and still love it.
Month End Dashboard
What do you like best about the product?
It tags the reconciled balance directly from your ERP and excel recs.
Good tool to keep track of tasks.
Good tool to keep track of tasks.
What do you dislike about the product?
Pulls the incorrect GL amounts sometimes.
Could take a while to refresh balances and documents
Could take a while to refresh balances and documents
What problems is the product solving and how is that benefiting you?
Conslidated view of all month end items, has sign off for preparer and reviewer.
Great compliance tool
What do you like best about the product?
FloQast is easy to use and implement, changes made in ERP system is reflected in FloQast with a simple refresh, no wait time.
What do you dislike about the product?
The flux analysis module could be a bit more streamlined, a bit troublesome to toggle between different flux to view the comments.
What problems is the product solving and how is that benefiting you?
Providing review audit trails and having flux and recons for all the entities in one place. What's also great the flux comments on the subsidiaries will roll up to the consolidated financial flux so we don't have to enter again.
its been a great experience - very responsive company when help is needed
What do you like best about the product?
FloQast is very easy to use, Our account support staff was very helpful at implementing and getting our organization started.
What do you dislike about the product?
There really is not a whole lot to dislike about it.
What problems is the product solving and how is that benefiting you?
FloQast is keeping aiding in keeping our month end close tasks completed timely
FloQast helps the finance team all the time
What do you like best about the product?
What I like most about the software is the ability to keep the company's finances in order. In addition, the follow ups are extremely easy since we implemented FloQast in our offices: the account statements are updated in real time, and there is no need to communicate them every time there is a change.
The task list complements the program because those involved know the progress made in data collection for the closing.
The interface is straightforward, so members can follow up with little effort.
The task list complements the program because those involved know the progress made in data collection for the closing.
The interface is straightforward, so members can follow up with little effort.
What do you dislike about the product?
It is cumbersome to access information from previous periods. Changes to the folder are not allowed if the period is closed, which is reasonable. However, this becomes frustrating when viewing only information available during editing is necessary.
What problems is the product solving and how is that benefiting you?
FloQast is the software we almost daily to learn about statements for all departments. It even helps us to know if the budgets are sufficient for each ongoing project.
All department members can make reports of receipts and expenses as long as they are authorized.
The centralized information is perfect for closing the accounts.
At the end of each period, all that is left is to do an exhaustive review. Then, we close with a simple button.
All department members can make reports of receipts and expenses as long as they are authorized.
The centralized information is perfect for closing the accounts.
At the end of each period, all that is left is to do an exhaustive review. Then, we close with a simple button.
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