FloQast
FloQastReviews from AWS customer
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Loved and Loving Floqast - what a JEM*
What do you like best about the product?
Everything the close checklist t recs to the additional offers. It straemlines and documents work for accountants
What do you dislike about the product?
Sometimes it can be buggy or error out at the worst times
What problems is the product solving and how is that benefiting you?
Streamlines work, documents process, had an audit trail and maintains close records
Easy to Adapt, Multiple Access Options—Keeps Getting Better
What do you like best about the product?
There are multiple ways to access all of my information. ex: folders, checklists, description, assigned to me. Not to mention how easy it was to adapt to.
What do you dislike about the product?
I haven't found anything that I truly dislike since we have been tweaking it for our first 3 months. I only look for it to get better.
What problems is the product solving and how is that benefiting you?
Floqast defines what month end looks like, so we don't have to manually log, save, create, email and last of all dig for auditors. They can find it themselves!
Streamlined Accounting with QuickBooks Integration
What do you like best about the product?
I find FloQast to be incredibly beneficial for organizing my work through its dashboard, which keeps my tasks streamlined and helps maintain clarity in my role. The reconciliations within Flowcast are a particular favorite of mine, ensuring that everything aligns neatly and efficiently. The end-of-month processes are another crucial aspect where FloQast excels, making an otherwise tedious task straightforward and manageable. The integration with QuickBooks Online is seamless, further simplifying the accounting and workflow management experience.
What do you dislike about the product?
I would like the new month to roll out sooner than the first day of the month.
What problems is the product solving and how is that benefiting you?
FloQast helps keep my job organized with its dashboard and reconciliations, improving my workflow and end-of-month processes.
Great Checklist Feature, But Reconciliations Need Improvement
What do you like best about the product?
I like having a checklist where I can keep track of everything I need to do and physically cross them off when done.
What do you dislike about the product?
Reconciliations can be a pain to use sometimes.
What problems is the product solving and how is that benefiting you?
The Variance analysis is a good tool and replaced an antiquated system we had before it.
FloQast is great! Our company loves it - Accounts Payable Specialist
What do you like best about the product?
It helps keep our department on time with our tasks.
What do you dislike about the product?
You have to look in certain areas for certain tasks. There's probably a better way to search, but for me that's what I dislike most.
What problems is the product solving and how is that benefiting you?
We use it for our monthly end of accounting term tasks.
FloQast Keeps Our Team Organized and Streamlines Accounting Tasks
What do you like best about the product?
What I appreciate most about FloQast is how it helps me stay organized by displaying all my weekly tasks in one convenient location. I can easily sign off on tasks once I’ve completed them, which notifies my manager that everything is ready for review. If any questions arise regarding my tasks, FloQast allows me to add comments directly. One of my major month-end reconciliations is linked to FloQast, and since it integrates with Excel, I can sign off on the task when the reconciliation balance falls within the acceptable threshold, signaling to my manager that it’s ready for review. I also use FloQast to comment on month-over-month variances. Our organization is working towards making FloQast the central hub for all our accounting procedures, and it truly helps everyone on the team stay organized. We rely on FloQast daily. Implantation was easy and customer service is always available and helpful.
What do you dislike about the product?
Like with any software, there were some learning curves when I first started using Floqast. However, once I became familiar with it, the platform proved to be very easy to use. I also find it quite intuitive.
What problems is the product solving and how is that benefiting you?
Floqast keeps everything is one easy to use dashboard. It helps communication between myself and my manager as well.
User-Friendly Features Make Month-End Close a Breeze
What do you like best about the product?
Floqast helps to manage the monthend close checklist and the Balance Sheet Reconciliation balance is constantly updated. And we use the Flux analysis functions. All the features are very user friendly.
What do you dislike about the product?
I used to be able to re-assign the preparer in Flux analysis, but I no longer have the capability unless I am the admin person.
What problems is the product solving and how is that benefiting you?
Floqast helps to make the reconciliation and flux analysis process more efficient. In the past, we need to constantly run reports in Netsuite to get the latest balance. With Floqast, the balance is updated constantly or we can refresh the balance by clicking the button.
Floqast Streamlines Close Process, Needs Better Completeness Checks
What do you like best about the product?
Floqast has allowed our team to shorten our close time frame from around 12 business days down to 7. The various dashboards have allowed our team to track progress in real time, limiting the need for manual check ins on status updates. It was very easy to implement, requiring the lowest lift of some of our other platform integrations, and has been very easy to train new users on. Our company uses JEM and its been great to be able to integrate actual journal entries right into their corresponding checklist item. Lastly, we haven't required support often but in the times we have the team has been very responsive and provided valuable feedback very quickly.
What do you dislike about the product?
Definitely would like to run a completeness check for any income statement accounts, uploading a reconciliation to compare to our ERP system's balances allows us to ensure that new account activity is captured & there aren't any transactions that were accidentally booked to a inactive or infrequently used account. Currently we are only able to run this for balance sheet accounts
What problems is the product solving and how is that benefiting you?
Floqast is allowing us to centralize our close process, something that was manually managed via excel sheets before. They are also starting to venture into the AI space, something all accountants are dipping our toes into. The approach has been really great so far, almost a forced approach to go slow and get really comfortable with the AI product in order to gain confidence moving forward
User-Friendly Platform That's Easy to Understand
What do you like best about the product?
the platform is user friendly and easy to understand. I like the ease of the checklists and the reminders for overdue items.
What do you dislike about the product?
I don't like that only one person can be in the amortization at a time. I think there should be a view only option for a second user.
What problems is the product solving and how is that benefiting you?
Floqast allows us to complete month end close in a timely manner ensuring all tasks are complete. Additional it helps us to track our compliance controls.
Useful Features, Initial Learning Curve
What do you like best about the product?
I find FloQast's checklist functionality and timely reminders really useful, as it sends notifications directly to my email about what's coming due. This keeps me organized and on track with deadlines. I also appreciate the integration with Slack, which is a very useful feature for sending out reminders, enhancing the coordination and communication within my team. Additionally, the automation capabilities, particularly for reconciliation purposes, are highly valuable. The potential for integrating artificial intelligence to deepen the balance sheet reconciliation process makes FloQast an attractive tool for our needs. Its effectiveness has kept it as our top choice over other vendors.
What do you dislike about the product?
Initially, getting around FloQast can take efforts from admin perspective, indicating a learning curve when starting out. From a reconciliations perspective, I would make the software more reporting heavy by incorporating multiple aspects such as aging in balance sheet reconciliations, lag status, and the quality of reconciliations directly on FloQast. Additionally, I see a need for more customization of the filters on the checklist and reconciliation to better fit individual needs.
What problems is the product solving and how is that benefiting you?
I use the product for checklist and balance sheet reconciliations, finding its timely reminders and Slack integration enhance my workflow efficiency.
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