FloQast
FloQastReviews from AWS customer
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Very intuitive, helpful and great customer service
What do you like best about the product?
The daily reminders and how easy is to keep track of month-end tasks and reconciliations.
I love the checklist and reconciliation functions. Another feature I like is the out-of-balance email notifications. Now the preparer and reviewer are notified on time that changes need to be made. Saving us time and headaches explaining to the auditors why our reconciliations don't match the GL.
I love the checklist and reconciliation functions. Another feature I like is the out-of-balance email notifications. Now the preparer and reviewer are notified on time that changes need to be made. Saving us time and headaches explaining to the auditors why our reconciliations don't match the GL.
What do you dislike about the product?
I have no complaints so far. Everything seems to work great. I only wish there was a refresh bottom on the checklist page as well. However, I'm sure this is something easily customizable and that I just need to make FloQast aware of.
What problems is the product solving and how is that benefiting you?
FloQast has helped the team to keep their tasks and deadlines on track. Our month-end process has substantially improved. It has also helped us streamline our procedures and quickened our close.
Customer service is great. Every time we have encountered an issue they are very quick to respond.
Customer service is great. Every time we have encountered an issue they are very quick to respond.
FloQast is a must have tool for any Accounting Team regardless of what stage. size
What do you like best about the product?
FloQast is a must-have tool for any Accounting Team - the software helps my Team stay organized and accountable, and helps improve transparency to ensure a smoother and cleaner month-end close every month. Our Customer Success Manager(s) have been amazing and we're excited about the new products the FloQast Team is working on!
What do you dislike about the product?
There honestly aren't that many downsides/ dislikes to FloQast - it's super simple and easy to integrate/ set-up! The ability to roll forward files in bulk by month vs each process folder would be a nice to have but honestly it doesn't take that long to complete the task just a nice to have to automate this piece a little more.
What problems is the product solving and how is that benefiting you?
FloQast helps solve a lot - analytics on our close trends (which reconciliations/ checklist items are consistently late so we know who to work with on the Team to address and understand what's causing the tardiness), ability to see what's pending or open regarding a reconciliation (via the Notes functionality which provides transparency across the team on what is wrong or not being captured in a reconciliation), and the ability to pull real-time syncs back to our ERP system to notify us if balances are no longer in sync.
Recommendations to others considering the product:
FloQast is well worth it - this software will help keep your accounting team more organized and help you stick to your close deadline and also help you address problem areas on what monthly issues are!!
The gold standard for me on ease of use, effectiveness and flexibility
What do you like best about the product?
Ease of implementation (we were using FQ for close within 1 month). Intuitive presentation, it didn't take a lot of training to be effective in using it. Organization of close duties and personnel, reducing the risk of steps falling through the cracks or off the radar. It supercharges team communication during close making meetings targetted and effective and less time spent on status updates. Flexibility in passing tasks between team members. It reduces the burden on the team during audits as much of the PBC list can be retrieved "self serve" by the audit team with their own secured login. It has made the onboarding of new staff much easier as we can include explanations and tools in each checklist step. Also, the FQ company culture shows in everything they do.
What do you dislike about the product?
That I can't yet push a review note to the next month (have to mark the note resolved and closed and post it again the next month or leave the step and folder area unlocked until all tied up). This is functionality that has been mentioned in webinars though, so it's forthcoming.
That I can't sort the amortizations by column headers until after I export to excel. (I have requested this functionality for ease of review before exporting).
That I can't sort the amortizations by column headers until after I export to excel. (I have requested this functionality for ease of review before exporting).
What problems is the product solving and how is that benefiting you?
This has cut the close time in half already and analytics in it is helping us identify the pinch points to further cut down the time to close. It controlled for software that was posting into A/P when A/P was locked (before the period was locked). It has seriously helped with the onboarding of new personnel involved in the close as all but one team member has retired and handed off their role to someone new since the software was implemented a few years back.
The Cadillac of Close to Reporting management tool
What do you like best about the product?
FloQast allows our company to store all of our account reconciliations and supporting documentation while capturing our review notes and sign-offs. In addition, we're able to use their Flux Analytics and capture our signoff as well. The team over at FloQast is another reason we have chosen to use them, and they are always responsive and open to questions and suggestions; it's a product built by accountants for accountants.
What do you dislike about the product?
Nothing that I can think of currently at this moment.
What problems is the product solving and how is that benefiting you?
It has allowed us to document our signoff and flux analytics properly. In addition, it enables us to see where we're at in the close process and where other team members might be falling behind and could use some additional support.
Implementation and working review of FloQast
What do you like best about the product?
FloQast is a systematic tool for compiling all month end related activities in a form of Checklists, Uploading Reconciliations, checking auhtority and repsonsibility of work assigned
What do you dislike about the product?
Its been 2 months that we have implemented FloQast, we only faced some technical issues like file uploaded converted in Google sheet and when we open that google sheet through hyperlink, it doesnt open properly for pivots
What problems is the product solving and how is that benefiting you?
Month end activities
Checklists
Maker checker
Repository for audits
P&L Reconciliations
Balance sheet reconciliations etc.
Checklists
Maker checker
Repository for audits
P&L Reconciliations
Balance sheet reconciliations etc.
Recommendations to others considering the product:
If you are looking for a month end tool or a repository for all reconciliations or as an evidence of better internal controls for audits - we recommend FloQast
Floqast has made the month end close process efficient, and easy.
What do you like best about the product?
The accountability - Everything is visible to the team. I like being able to get notifications when a sign off is completed.
What do you dislike about the product?
I dislike that sometimes I am unable to properly link Gsheets to the FQ folders.
What problems is the product solving and how is that benefiting you?
We are solving the problem of having an unorganized month-end close process. Because of FQ, we are able to close the month with ease.
FloQast is very useful to ensure deadlines are met and easily helps track progress towards tasks.
What do you like best about the product?
I really like that FloQast emails me deadlines that are upcoming or late, it is just an extra reminder and an easy way to make sure all my tasks are completed in a timely matter.
What do you dislike about the product?
The only downside to FloQast is the amount of time it takes to refresh all of the entities within my role, but I wouldn't say that I dislike anything about FloQast. All systems take time to refresh especially when the capacity of the refresh is large.
What problems is the product solving and how is that benefiting you?
I love that FloQast allows me to reference prior periods so easily so that if I am stuck on the current month's task and need a refresher I can easily access/reference prior periods.
Useful close management tool that continues to enhance their solutions
What do you like best about the product?
seamless integration with Netsuite dataset
What do you dislike about the product?
Inabililty to setup notification with Google chat. Inability to setup email notifications listing specific tasks due that day (or past due) within the body of the email.
What problems is the product solving and how is that benefiting you?
Managing close (and non-close) tasks effectively. Streamlining reconciliations for quick status review and access to supporting documents
Excellent tool for reconciliations reporting
What do you like best about the product?
Help keep track of the month-end close list. Make sure the reports are completed before the due dates.
What do you dislike about the product?
The consistent logging in and out of the program.
What problems is the product solving and how is that benefiting you?
New ways in importing and exporting documents into FloQast.
Impressive tool and team
What do you like best about the product?
The team was very helpful in training as well as helping us get started. The tool will be extremely useful as we will need to become SOX compliant after going public.
What do you dislike about the product?
I did wish there was a way in Floqast to have a "or" scenario for review. Sometimes two managers are assigned to one task but it's really whoever gets to it first so not necessary for both to sign off but one or the other.
What problems is the product solving and how is that benefiting you?
We have solved our process for Balance Sheet recs, which using Floqast is much more efficient than the alternative solution. Also the we're excited to use the new "Flux Analysis" tool within Floqast.
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