FloQast
FloQastReviews from AWS customer
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Tool that is easy to use and easy to set up
What do you like best about the product?
The feature I enjoy most about FloQast is that it provides a central location for monitoring the month-end closing process. Checking the progress of my and my team members' projects provides me with timely, relevant, and valuable information!
What do you dislike about the product?
After the backups are uploaded, it takes time to update the subsidiaries.
What problems is the product solving and how is that benefiting you?
We are making sure that the balances in our reconciliation accounts are correct, and let us know when an invoice has changed during the finale. This software tool is easy to use and very helpful.
Floqast Review Updated
What do you like best about the product?
FloQast has recently introduced auditable AI Agents. These AI-driven tools allow me to automate complex, recurring workflows across close management, compliance, and reporting without writing any code.
What do you dislike about the product?
Incorporating more sophisticated data analytics and real-time reporting dashboards would give accounting teams and management greater visibility into close progress.
What problems is the product solving and how is that benefiting you?
FloQast helps solve most of the Sox compliance requirements. It is also very helpful in tracking our day-to-day activities. The Auto rec function is superb where we can reconcile our Bank Accounts with the help of FloQast.
The best Workflow software i have ever seen
What do you like best about the product?
It provides me with constant Reminders about pending tasks and my out-of-balance reconciliations, which makes my work much easier to organize.
What do you dislike about the product?
There is nothing major issues with the FloQast so far. However, the time takes to refresh and show the updated figures could be faster.
What problems is the product solving and how is that benefiting you?
It helps massively with organizing tasks.
FloQast Close Review
What do you like best about the product?
FloQast helps our accounting and finance team stay organized during the month-end and quarter-end close processes. Not only do we use FloQast for the actual close process, but we also use the checklist function for SOX compliance and SEC reporting timeline tracking. The tool is user friendly and helps our team to stay on track and monitor upcoming tasks and due dates.
What do you dislike about the product?
FloQast doesn't formally lock a reconciliation or checklist task until the folder is locked for the period. As such, a preparer or reviewer can make a non-financial edit to a reconciliation or task after it has already been signed off for the period, if the folder is not locked.
What problems is the product solving and how is that benefiting you?
FloQast is allowing for better organization, transparency and analytics to monitor our monthly and quarterly close processes. It also serves as an FTP site to hold all of our final schedules, reconciliations and reporting requirements.
Simplifying the Close and Reconciliation Processes
What do you like best about the product?
Visibility into where we are at with each monthly close.
What do you dislike about the product?
I hate that I now have to hit load more, instead of just continuing to scroll down in the checklist. Would love to see an actual calendar, that I could export.
What problems is the product solving and how is that benefiting you?
Accountability and visibility. I know where we stand and who is behind and what needs to be taken care of.
One-stop shop for financial close
What do you like best about the product?
FloQast takes all our key financial close processes and puts them all in one spot - close checklist, balance sheet reconciliations, flux analytics, etc. Not only that, but it tracks and timestamps signoffs, allows for review comments on individual items, and provides close insights based on our performance each period end.
What do you dislike about the product?
Minor nitpick - once review comments on an item are resolved and closed, I think it would be cleaner for the comment icon to disappear. To me, the icon suggests that there are still open comments.
What problems is the product solving and how is that benefiting you?
FloQast has helped standardize our close process by compiling all documentation and support in one place. Not only that, but the final product is clean and immediately ready for our auditors.
Recommendations to others considering the product:
Highly recommend this product. I have had the opportunity to work at both Fortune 50 and startup companies and this application is top tier.
Credit Analyst
What do you like best about the product?
easy navigation and individual task setup
What do you dislike about the product?
that it doesn't default to my tasks only
What problems is the product solving and how is that benefiting you?
not so much as problem-solving for my tasks, but it does help me keep on point with my due dates of multiple tasks
AMAZING
What do you like best about the product?
The checklist and analytics features create a quick view that I can instantly hone in on.
What do you dislike about the product?
I would like a calendar view of items that are due on specific days of the month. I would like to expand that to account for monthly cadence hits during the month.
What problems is the product solving and how is that benefiting you?
I have the ability to quickly assign work to the entire team and pivot items to individuals with bandwidth to continue to work on.
A helpful Tool to Increase Efficiency
What do you like best about the product?
I like that I can select checklists/Reconciliations and all of my required tasks pop up. I can see the dates assigned and decide what needs to be tackled first. I feel the organization of tasks is much better than when using Monday.
What do you dislike about the product?
I dislike the transformation from excel to google sheets. Some data is lost and does not present correctly.
What problems is the product solving and how is that benefiting you?
FloQast is allowing multiple users to gather and maintain information in a timely manner. We are starting to get reconciliations done sooner, which may enable us o move up our close time.
Recommendations to others considering the product:
FloQast can be a tool used to incentivize production. By following the assigned completion dates and making sure all due dates are met users can be tracked to see who is staying on task, who is in front of the tasks, and who might be falling behind.
Controller implement FQ in PE backed company
What do you like best about the product?
Hands on onboarding
Able to use tool on day 1
Extremely helpful software for close management
Multiple administrators able to make changes
Continuous follow up from implementation team
Able to use tool on day 1
Extremely helpful software for close management
Multiple administrators able to make changes
Continuous follow up from implementation team
What do you dislike about the product?
No calendar view (the tool really needs a calendar view)
What problems is the product solving and how is that benefiting you?
Close management
Identified bottlenecks
Auditable trail
Identified bottlenecks
Auditable trail
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