FloQast
FloQastReviews from AWS customer
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A good software for all month-end activities
What do you like best about the product?
Although it is designed for month-end or year-end closing, it helps the accounting and finance departments to maintain order. Having a single software that does everything related to this type of task is perfect.
The task list is excellent for monitoring progress in accounting and finance. This way, closes are more bearable because all the work before them is done.
Closes are done with simple clicks to make the process easy, provided the whole picture is ready for it.
The interface is very well designed because it is user-friendly and intuitive.
The task list is excellent for monitoring progress in accounting and finance. This way, closes are more bearable because all the work before them is done.
Closes are done with simple clicks to make the process easy, provided the whole picture is ready for it.
The interface is very well designed because it is user-friendly and intuitive.
What do you dislike about the product?
The to-do list is a good idea, but FloQast doesn't mark a list as complete until the period folder is locked. So, I would make this chance to keep better track.
Also, it is cumbersome to access old information because it does not allow changes to the folder if the period corresponding to the lock is over and the folder is not locked. So, it is a bit of a strange and unnecessary system.
Also, it is cumbersome to access old information because it does not allow changes to the folder if the period corresponding to the lock is over and the folder is not locked. So, it is a bit of a strange and unnecessary system.
What problems is the product solving and how is that benefiting you?
We use FloQast to know at all times the status of the accounting and financials of the other departments. All the workers involved in making the reports of income and expense allocations. Having all the information centralized is helpful for not having to compile it when it is time to close the accounts.
Of course, it is also our default software for closes, especially when everything is in order and only a few clicks are needed.
Of course, it is also our default software for closes, especially when everything is in order and only a few clicks are needed.
I have never used a system that places it all in one place. It's awesome!
What do you like best about the product?
The way it notifies me when a Reconciliation is out of balance.
What do you dislike about the product?
I wish it also allowed us to reconcile expense accounts (like payroll).
What problems is the product solving and how is that benefiting you?
It allows the close to be very transparent at all stages of the month. Without it, you have to email and find out where everyone is.
Floqast review
What do you like best about the product?
Floqast allows insight into the close. It can provide status checks throughout the month on where different team members are, which has been very helpful for our remote team distributed across different time zones.
What do you dislike about the product?
While I really like the product, I do feel there is a learning curve. This is not a negative, but just highlighting that you need to invest some time into navigating the product and understanding the information flow to get the most out of the product.
What problems is the product solving and how is that benefiting you?
Floqast is providing insight into the close, which can help optimize time to close, or identify bottlenecks in the process. The tool also offers flux analysis which allows you to document month over month changes, in real time.
Floast is the master key for a smoot closes
What do you like best about the product?
FloQast is the best tool we have used to improve efficiency as the closes date approaches. It is very simple, but it does its job perfectly.
I like that all the tools are used to perform financial closes and similar tasks only because it doesn't distract the department's attention from other tasks.
Also, the dashboard with notifications is nice for tracking and real-time updates.
I like that all the tools are used to perform financial closes and similar tasks only because it doesn't distract the department's attention from other tasks.
Also, the dashboard with notifications is nice for tracking and real-time updates.
What do you dislike about the product?
The program has no design issues, but from time to time, it is somewhat slow to update. I feel this can be easily resolved because it doesn't always happen. This would make the work even faster, though it's still not a problem.
What problems is the product solving and how is that benefiting you?
As a workgroup manager, I have to help from time to time at closing time by providing detailed information. I do it via the platform because it is much easier.
However, the most common use I make of it is to monitor month-end close profess, as notifications are often insufficient for staff to start tasks on time. As a result, the process is smooth and beautiful. In addition, errors are minimal, so the close almost every time is completed smoothly.
However, the most common use I make of it is to monitor month-end close profess, as notifications are often insufficient for staff to start tasks on time. As a result, the process is smooth and beautiful. In addition, errors are minimal, so the close almost every time is completed smoothly.
The ultimate simplifiction of closing processes
What do you like best about the product?
What I like most about FloQast is its ability to track activities related to month-end closings and year-end closings. It's not my primary function, but knowing the details helps me catch any irregularities early. On the other hand, the reminders are perfect, so I don't have to make individual wake-up calls to keep everyone on top of the to-do list.
The tool has an enjoyable user experience.
The tool has an enjoyable user experience.
What do you dislike about the product?
The program is a bit slow to update, but we've never had any real sync issues. It is just a little inconvenience.
Backups are always on time and accurate. I like this FloQast, generally.
Backups are always on time and accurate. I like this FloQast, generally.
What problems is the product solving and how is that benefiting you?
Month-end closings were a problem because we have clients whose projects require the intervention of several departments. Each month, it was difficult to collect all the data and manually do the summations and check for errors until the accounts match.
FloQast now performs most of these processes automatically, allowing department heads and area employees to see the progress of the closing processes.
The time spent on this task has been greatly reduced, and my staff is much less stressed from having to do very little accounting-related work.
FloQast now performs most of these processes automatically, allowing department heads and area employees to see the progress of the closing processes.
The time spent on this task has been greatly reduced, and my staff is much less stressed from having to do very little accounting-related work.
Excellent software to manage B/S recons and M/E close
What do you like best about the product?
* We had Floqast add the "Reconciling Items" field to the B/S Recon screen to see at a glance what issues are open in the Balance Sheet.
* Quick Filters in the B/S Recon screen make it easy to move between views
* Internal auditors can depend on the Checklist and B/S Reconciliations for SOX
* Quick Filters in the B/S Recon screen make it easy to move between views
* Internal auditors can depend on the Checklist and B/S Reconciliations for SOX
What do you dislike about the product?
Floqast has a great opportunity to train or reinforce with their new (and existing) users what a B/S recon is.
Most companies I've worked at used data dumps.
Force users to describe each account and add instructions for reconciliation.
Most companies I've worked at used data dumps.
Force users to describe each account and add instructions for reconciliation.
What problems is the product solving and how is that benefiting you?
Floqast helps with SOX, month-end organization, and reduces the impact of employee turnover.
Recommendations to others considering the product:
Make sure your team has enough time and direction to implement Floqast.
Floqast has Drastically Improved our Close Process
What do you like best about the product?
Floqast has drastically improved the visibility of the close process for our 14-person accounting team. We love being able to see our close progress in real-time using the analytics feature in Floqast.
What do you dislike about the product?
Honestly, not much, it has been an improvement to our process! Sometimes the documents on the cloud can be a little finicky, in that the updates made when opened to desktop might not flow through to the browser version right away. This has not been a frequent issue and the updates eventually make their way through.
What problems is the product solving and how is that benefiting you?
Again, it is improving the visibility of the close across team members, and also automating many close features. Reviewers can automatically see when a preparer has signed off on a JE or reconciliation document, which is very helpful. The team is also using the variance analysis feature to complete monthly budget to actual variance analysis, which has been an upgrade to doing it in Excel.
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.
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