FloQast
FloQastReviews from AWS customer
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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.
Floast is an excellent tool for accounting teams
What do you like best about the product?
I love FloQast. It has helped me with my accounting and finance team; it keeps them organized during month-end close processes. In addition, I use it as a tool to help me manage my projects.
It keeps my team focused on moving quickly through the close processes. As a result, we don't forget items anymore.
It is also easy software to learn to use. I was confused at first, but then it was effortless. The learning curve is very accessible.
It keeps my team focused on moving quickly through the close processes. As a result, we don't forget items anymore.
It is also easy software to learn to use. I was confused at first, but then it was effortless. The learning curve is very accessible.
What do you dislike about the product?
I don't particularly appreciate that it can be complicated at the implementation time. It takes some getting used to. Also, I would like to be easier to connect with other tools and improve configurations.
What problems is the product solving and how is that benefiting you?
The analyses have been helpful for me in identifying the financial areas we need to take care of. It is benefecial that the documents are saved in the cloud because we can share them quickly and vew them as a team.
The accounting closing fucntions have helped me a lot in organizing my work. In addition, the reminders the software sends me have been essential for me, and I no longer forget some pending tasks.
The organized and precise work, in addition to the documents in the cloud, has helped us to consolidate the tasks of the financial closes as a team. The workflow is excellent, which has allowed us to detect error easrly and correct them quickly.
The accounting closing fucntions have helped me a lot in organizing my work. In addition, the reminders the software sends me have been essential for me, and I no longer forget some pending tasks.
The organized and precise work, in addition to the documents in the cloud, has helped us to consolidate the tasks of the financial closes as a team. The workflow is excellent, which has allowed us to detect error easrly and correct them quickly.
FloQast is an excellent tool for monthly analysis
What do you like best about the product?
What I like most about FloQast is that it helps e with my accounting and finance team because it keeps the organized during the month-end and quarter-end close processes.
The customer service is excellent; it always responds quickly. When I've had issues, I've resolved them with the company of consultants of FloQast.
The customer service is excellent; it always responds quickly. When I've had issues, I've resolved them with the company of consultants of FloQast.
What do you dislike about the product?
There aren't many bad things to say about FloQast; it's an excellent software. However, I wish there was an option to be able to place hyperlinks in PDF files so that I could use those files as an alternative to Excel.
What problems is the product solving and how is that benefiting you?
The implementation process is quick and easy. I can get it up and running on the basics and then begin to complete all the finer details of the closing processes.
It has allowed me to have everything related to the closing process in one place.
It has allowed me to have everything related to the closing process in one place.
Floqast keeps things organized!
What do you like best about the product?
FloQast is so user-friendly and customizable. I have used it across 2 different organizations, 1 that was well-established and 1 that is starting out. In both cases it was a value-add and I would recommend any teams who are doing a month-end close to utilize the software. It's so easy for the entire team to know what it is going on during month-end at all times which is especially helpful in a remote working environment.
What do you dislike about the product?
I haven't encountered any downsides of using FloQast. There are a ton of features that we haven't yet explored..
What problems is the product solving and how is that benefiting you?
FloQast helps keep our team organized. We are a start-up finance team with new members that are learning processes; FloQast acted as a one-stop shop for us to refer to during our month-end and regularly monthly tasks.
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