FloQast
FloQastReviews from AWS customer
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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.
Invaluable to our close process and other workflows
What do you like best about the product?
I like that FloQast is a workflow management platform made by accountants, for accountants. Seamless synching, loads of visibility, and customization where it is needed.
What do you dislike about the product?
That I did not have this tool at my previous company. Honestly, there are a few quirks that I have found that are not ideal, but FloQast has worked with us to resolve most of those and and constantly looking for ways to improve the product.
What problems is the product solving and how is that benefiting you?
We have solved close communication flows. I can see everything going on through my dashboard.
We have created new workflows to keep non-close items out of close and in their own workflows (compliance, payroll, etc).
We have solved the shared Flux workbook problem. FloQast enables our flux analyses and save hours of time each month with that alone.
We have created new workflows to keep non-close items out of close and in their own workflows (compliance, payroll, etc).
We have solved the shared Flux workbook problem. FloQast enables our flux analyses and save hours of time each month with that alone.
Recommendations to others considering the product:
Once implemented, engage with the product, and you will find helpful ways to improve various workflows in your organization.
very intuitive and simplify the closing process
What do you like best about the product?
simplify the closing process
the most helpful-> if someone posts JE in the account after reconciliation, you receive an alert for the change- very important control!
the most helpful-> if someone posts JE in the account after reconciliation, you receive an alert for the change- very important control!
What do you dislike about the product?
Completeness Report check->as of now, this is done manually-> I believe it will be helpful if FQ can synchronize and send an alert for accounts which not appear on the re conciliations
What problems is the product solving and how is that benefiting you?
As of now, the main benefit I gain is by simplifying the closing process and alerting if someone posts JE after you prepare the supporting WP. by doing that, the closing performance increased.
FloQast team is helpful
What do you like best about the product?
I appreciate the flux analysis part of floqast that will update when an changes are made to an account
What do you dislike about the product?
It would be better if we could auto-reconcile contra accounts like accumulated depreciation in floqast
What problems is the product solving and how is that benefiting you?
i'm not really having any problems. Some benefits include getting notifications when a rec or account has changed after being signed off on, and getting notifications when something in a flux analysis changed after a comment was submitted.
Organization...audit ready...accountability
What do you like best about the product?
The workflow and organization of files and being able to roll forward recons effortlessly.
What do you dislike about the product?
Would like some entities to not be bound with Date driven folders (like an annual audit). It becomes confusing as to what period we are saving to.
What problems is the product solving and how is that benefiting you?
We had issues with missing recons and now it's difficult to ignore them. This has helped us be more complete and accurate.
Recommendations to others considering the product:
User adoption is an area you have to mandate with your team to make it timely and relevant. This has probably been my biggest challenge in getting my team to update immediately.
User friendly
What do you like best about the product?
It is easy to maneuver through month-end close with FloQast. I love it! It easily integrates with NetSuite which is so helpful.
What do you dislike about the product?
There really isn't anything I don't like, for our needs it is perfect.
What problems is the product solving and how is that benefiting you?
It helps all of us complete our tasks and stay on track. It helps ensure all of our closing tasks and responsibilities are listed and completed.
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