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awesome closing tool
What do you like best about the product?
Flowqast gives me a very clear view of where we are during the closing, from both reviewer and preparer's perspective. It is super easy to track the progress of each account category and communicate to preparers when item is past due. Not to mention the integration with Slack is also a plus for easy communication and reminders. Floqast has helped us tremendously to shorten the closing period.
What do you dislike about the product?
I literally don't have anything that I dislike.
What problems is the product solving and how is that benefiting you?
Floqast has helped us tremendously to shorten the closing period.
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Great close software that aids in organization and timeliness
What do you like best about the product?
The interface - it is very easy to use and makes audit work so much easier.
What do you dislike about the product?
The flux analysis has yet to prove more useful than what we have been using in the past.
What problems is the product solving and how is that benefiting you?
Close timeline acceleration
Simplified month-end close process
What do you like best about the product?
I love the ease of the program. Easily assign tasks and reviewers to each item as needed. FloQast is a great way to document journal entry numbers from Netsuite, provide links, and backup as needed.
What do you dislike about the product?
I haven't found anything I don't like about the program.
What problems is the product solving and how is that benefiting you?
Our accounting close process is much more organized and centralized for the entire Finance department. Documentation, links, backup, and close dates are much more accessiable than when we used Google sheets. We have the entire close history at our fingertips which has allieviated the extra work and time looking for past information. Benefits include: better organization, documenatation, clearly define entries and reviewers.
Month End with FloQast
What do you like best about the product?
1. FloQast's ability to accommodate several entities
2. Flux analysis which pulls in balances from our accounting software to perform variance analysis. All balances are updated in real-time should the balance change.
3. An organized checklist of month-end tasks that can be customized in the following ways: deadlines, preparer, and reviewer.
4. The reconciliations tab which ensures all reconciliations tie out to the GL balances
2. Flux analysis which pulls in balances from our accounting software to perform variance analysis. All balances are updated in real-time should the balance change.
3. An organized checklist of month-end tasks that can be customized in the following ways: deadlines, preparer, and reviewer.
4. The reconciliations tab which ensures all reconciliations tie out to the GL balances
What do you dislike about the product?
1. The inability to see reconciling items in FQ when reviewing reconciliations
What problems is the product solving and how is that benefiting you?
The main problem we use FQ to solve is an organized way to divide and conquer tasks that go into closing out books.
The number one benefit of using FQ is transparency around what tasks have been completed by the team (especially useful if your task relies on someone elses).
The number one benefit of using FQ is transparency around what tasks have been completed by the team (especially useful if your task relies on someone elses).
Great visibility and close management
What do you like best about the product?
FloQast allows us to manage the close and provide visibility to everyone on the team about what items are finished and what still needs attention.
What do you dislike about the product?
We are hopeful that FloQast will add a few additional features in the future, including greater visibility into reconciling items and ranked reviewer workflow.
What problems is the product solving and how is that benefiting you?
A once entirely manual process with no visibility is now automated and provides visibility to everyone on the team. We no longer have to worry about figuring out where the close stands or what might be outstanding. This resource allows our team to work and communicate smarter.
FloQast is easy to implement and excellent value for price.
What do you like best about the product?
I like how easy FloQast was to implement and pick up on new features.
What do you dislike about the product?
Nothing - looking forward to the Teams integration.
What problems is the product solving and how is that benefiting you?
Keeping track of month-end close process and ensuring that all accounts are properly reconciled.
Recommendations to others considering the product:
This tool is one of the best out there and is continuously getting better!
Best Recon Tool Ever
What do you like best about the product?
Preparing recons in FQ is the easiest way, because we can prepare the recon and support on Excel and them upload and refresh the information on FQ.
And Also, I have worked with other tools in the past (Blackline) and it had not the possibility of working on Excel to prepare the reconciliations it is the differential we have in FQ comparing to other applications
And Also, I have worked with other tools in the past (Blackline) and it had not the possibility of working on Excel to prepare the reconciliations it is the differential we have in FQ comparing to other applications
What do you dislike about the product?
I have no big complains about the tool, it has been helpful in my daily routine.
What problems is the product solving and how is that benefiting you?
Besides being a user friendly tool to work with reconciliations, the checklist on FQ helps me to not forgot any task in a monthly and quarterly basis.
Account Rec and Close Tracking
What do you like best about the product?
All account reconciliations stored in one easy-to-manage platform. Review and approval capability with notes/tasks communication functionality.
What do you dislike about the product?
Executive approvers have the same license as users.
What problems is the product solving and how is that benefiting you?
Workload management is more visible so that one employee doesn't shoulder all of the burden.
Recommendations to others considering the product:
Be sure to participate in the FloVerse community when you get this product; accounting folks need the support of other users to enhance their viability.
I have been using FQ for the past 2 months, and I can't be happier with my experience.
What do you like best about the product?
I like that it is very intuitive and user-friendly. I find it so easy to navigate between all of the month-end close items. FQ keeps everything organized, and I never run into any glitches.
What do you dislike about the product?
I dislike that I have to refresh the items as I go - I would prefer that items refresh and show in real time.
What problems is the product solving and how is that benefiting you?
I am solving the problem of keeping our teams in sync at all times with the month-end close process. I've realized the benefit of increased communication between my team members.
Recommendations to others considering the product:
Live chat support, rather than email support.
Excellent Close Management Tool
What do you like best about the product?
I like the UI, ease of use, and visibility the tool provides into our close process.
What do you dislike about the product?
There is nothing significant or noteworthy.
What problems is the product solving and how is that benefiting you?
Shortening the close, better visibility into the close, and better tracking for completion of recons.
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