FloQast
FloQastReviews from AWS customer
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I have had a very good experience working on FloQast.
What do you like best about the product?
I like the way everything is set up in FloQast - Checklists, Reconciliations.
What do you dislike about the product?
I don't see any disadvantages or downsides because FloQast has been very helpful to me, and keep me on top of everything.
What problems is the product solving and how is that benefiting you?
I see that FloQast has helped me in reconciling accounts, working on my work checklist.
Recommendations to others considering the product:
I would recommend using FloQast as a tool which keeps you on top of your day-to-day work.
Excellent Program - used it for 6 years at 4 companies.
What do you like best about the product?
Ease of use and implementation. Very quick to setup and you get quick improvements very soon after implementation.
What do you dislike about the product?
Not as robust as other platforms when it comes to automation of the close, but that's in the pipeline.
What problems is the product solving and how is that benefiting you?
We are understanding dependencies and where to book accruals when we encounter delays in the close.
Recommendations to others considering the product:
Excellent for getting your close process streamlined.
I love FQ
What do you like best about the product?
I like the organizational structure - it makes my job cleared and due dates defined !!!!
What do you dislike about the product?
Sometimes the emails about past due items are annoying... but that might be personal. Also sometimes FQ tells me items are out of rec and takes the sign off but the issue has already been resolved. it should stay signed off
What problems is the product solving and how is that benefiting you?
No major problems - benefits are plenty! It keeps my tasks organized and with deadlines so I can prioritize. I also like being able to assign notes to people when I have questions as it leaves a "paper" trail
Recommendations to others considering the product:
Try FQ and you will love it!
FloQast makes it simple to keep your close on track.
What do you like best about the product?
QBO sync to refresh trial balance, instead of having to upload TB everytime
What do you dislike about the product?
some of the new uppdates i don't think were neccessary, but probably will just take time to get use to
What problems is the product solving and how is that benefiting you?
keeps organization and accuracy in check
Recommendations to others considering the product:
for seamless close, use FQ
Floqast has been very helpful with keeping track of tasks.
What do you like best about the product?
The ability to check off all my to-do items, and getting notified when a reconciliation is off.
What do you dislike about the product?
There is not anything that I dislike, I find floqast very helpful.
What problems is the product solving and how is that benefiting you?
Floqast has solved any problems that I had with keeping track of multiple clients.
Floqast for Snapsheet
What do you like best about the product?
The task monitoring with preparation and review. This tool is very intuitive and useful tracking each of Snapsheets monthly close functions.
What do you dislike about the product?
Occasional delays in sycing balances, reconciliatin workbooks taking long to load
What problems is the product solving and how is that benefiting you?
Managing our monthly close process. We have been able to implement and document our monthly close duties from who prepares, who reviews, and timelines for each task. Keeping on eye on compliance tasks
Recommendations to others considering the product:
If you need a solutions to organizing the month close process, i would recommend FloQast.
Simply put, FloQast is amazing and gives me confidence in our close process!
What do you like best about the product?
Fast and easy implementation, amazing at managing our close process, and give us confidence in our reconciliations. It's so amazing, I've implemented at 3 different companies.
What do you dislike about the product?
No dislikes. FloQast gives me everything I need and gives me confidence in managing close.
What problems is the product solving and how is that benefiting you?
Faster close, and it gives me great dashboards insights that tells my team exactly what we need to do and when to do it.
Recommendations to others considering the product:
Do it, you won't regret it! It was super fast and easy to implement, it's amazing at managing our close process, and it give us confidence in our reconciliations. It's so amazing, I've implemented at 3 different companies and wouldn't hesitate to implement it again at future companies. Additionally, I love referring FloQast Every chance I get, whether it's at a conference, or a CPE event, or just networking with former colleagues or peers, I never hesitate to tell them about the advantages of using FloQast over competitor SaaS based products such as Blackline. I had a horrible experience with Blackline at the first company I was looking for close management software. The Blackline experience was so bad, I had to find another solution, which is what led me to FloQast. I've now referred as many peers i can refer, and I will continue doing so.
Flo(Qast) your way through close ;)
What do you like best about the product?
For all of the controllers and accounting managers manually tracking the close... just stop. There's a better way. Modern accountants are forced to add value beyond closing the books.
What I like most about FloQast is it allows the team to hold themselves accountable - freeing up the team to work on more value add work. It also encourages neat and tidy file storage. Gone are the days where I ask my direct reports where the deferred rent schedules are.
What I like most about FloQast is it allows the team to hold themselves accountable - freeing up the team to work on more value add work. It also encourages neat and tidy file storage. Gone are the days where I ask my direct reports where the deferred rent schedules are.
What do you dislike about the product?
I'm a fan of everything FloQast. The team is amazing to work with and they are constantly making the product more robust.
What problems is the product solving and how is that benefiting you?
We now have proper swim lanes/ownership distribution. It provides clarity on who is doing what and when. That frees up the team to have fewer check-ins and spend more time getting things done. As a result, our close cycle continues to become more efficient.
Recommendations to others considering the product:
Best bang for your buck. The support team is fantastic. Adoption is very quick!
Floqast has answered and always delivered our Closing needs!
What do you like best about the product?
I truly enjoy the organization of it all
What do you dislike about the product?
There is nothing that I dislike about Floqast
What problems is the product solving and how is that benefiting you?
Our main problem that we are solving with Floqast is the amount of time we spend on month end. Since using Floqast we have been able to drop our ME close time from 12 BD to 7 BD. Also, holding everyone accountable to completing their monthly tasks. Before Floqast we also never had a review process in place, now we do which I think has cleaned up our accounting a great deal
Recommendations to others considering the product:
My recommendation is to definitely review all month end tasks and who will be doing them before uploading that into Floqast.
Does well what is is meant to cover and is easy to pickup
What do you like best about the product?
Reconciliations all use Excel but don't require specific format so really easy to train and use
What do you dislike about the product?
System security is not ideal. Have to create separate entities in system to segregate security which can create administrative issues and force to go between a lot of entities.
What problems is the product solving and how is that benefiting you?
FloQast has become our one source of truth for close documentation around all 3 of our entities. Entities are not on same core systems which has also given us the ability to see all close documentation in one place.
Recommendations to others considering the product:
Be sure you take the time to think about how your company will use the software so that as you roll out and train you are not changing processes on the users. FloQast seems to push to implement quickly and than adjust as you go. While that can be done, I believe it confuses users. Take the time to figure out how you want to implement before rolling out.
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