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Senior Accountant
What do you like best about the product?
deadline dates to keep me on track along with the ability to look at previous months uploads; various filters are nice as well
What do you dislike about the product?
there isn't a downside as far as I am concerned
What problems is the product solving and how is that benefiting you?
ability to stay on target with deadline dates and tasks; created more organization and time saving
Recommendations to others considering the product:
Great way to set out your monthly goals along with monthly deadlines and have a quick reference as to where you stand on a daily basis of meting those goals and deadlines
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Tax Director
What do you like best about the product?
I like that is very user friendly and easy to navigate.
What do you dislike about the product?
Floquast is a great product. Not applicable question.
What problems is the product solving and how is that benefiting you?
Assiting the Company with Month End Close
FloQast is a helpful tool
What do you like best about the product?
What I like most about FloQast is the ability to see tasks & assignments in one place. Also, the ability to see the status of those tasks & assignments.
What do you dislike about the product?
I wish you could sort by clicking on the column headers.
What problems is the product solving and how is that benefiting you?
FloQast is a great tool for managing the account reconciliations process. It provides a convenient repository and evidences workflow and review for audits.
Streamlines Month End Closure
What do you like best about the product?
I like that it is easy to use. It also sends you notifications if you are past due on assigned items and if any reconciled balances change after completion.
What do you dislike about the product?
Currently it takes quite a few clicks to upload support. A drag and drop option would make it even more efficient.
What problems is the product solving and how is that benefiting you?
It helps achieve a faster close during month end
Enables an effective and efficient close process. Easy to use and configure.
What do you like best about the product?
Powerful and efficient close tool. Ease of setup, configuration and use. Allows for greater workflow, delegation, and level-loading of work. My primary focus is actually external (SEC) reporting and I've used FQ to extensively to assign tasks and gather data to be used not only in the monthly close process, but also in the quarterly SEC reporting process. I also like the fact that we can use single sign-on to log in to the software, rather than having to have a separate username and password to log in to the software each time you use the software. I also like the color schemes and the design of the software. It is really just a nice, sleek software to use on a monthly basis. Plus, I like that it is a cloud based software which means lower capital cost and greater access to the platform without having to be in the office.
What do you dislike about the product?
Although there are several notification/communication features, I would appreciate greater flexibility in notifications regarding when tasks are assigned, changed, or completed. But other than that, I do not have many other dislikes about the product.
What problems is the product solving and how is that benefiting you?
Use FQ to gather data and assign tasks for our quarterly external (SEC) financial reporting process. We also use the software as a repository for documentation that supports our journal entries, monthly close steps, trial balances, and quarterly external (SEC) reporting processes. We also delegate and approval all of our close tasks. Realized big efficiency gains.
Recommendations to others considering the product:
FloQast is a great software, that has the potential to improve both the efficiency and effectiveness of your monthly close process.
FloQast brings order to the close process
What do you like best about the product?
We love how FloQast has helped with a more detailed and thorough closing task list. We struggled with communication and accountability on tasks with teams working from multiple locations to close one set of books. FloQast is a very intuitive software to use. We were up and running with no issues on our first close. I can now spend my time coaching and developing the team and processes, instead of trying to keep track of everyone's progress.
What do you dislike about the product?
I really have nothing to add here. We use, and like, all the features of FloQast.
What problems is the product solving and how is that benefiting you?
The biggest problem I wanted to solve was communication. We used to track closing tasks and GL reconciliations on a spreadsheet. Visibility and accountability were lacking.
Secondly, I was concerned that GL reconciliations were not being opened again if a balance changed. Since FloQast is integrated, if a balance changes the reconciliation is automatically re-opened. The responsible staff receive an email alerting them to the change in balance.
Secondly, I was concerned that GL reconciliations were not being opened again if a balance changed. Since FloQast is integrated, if a balance changes the reconciliation is automatically re-opened. The responsible staff receive an email alerting them to the change in balance.
Recommendations to others considering the product:
Buy it. The confidence I have in our close process is unbelievably enhanced due to our addition of FloQast.
Made Close so easy to manage!
What do you like best about the product?
It's a toss up between my favorite features. I love the quick view into where we stand with close and the ability to "check things off" my close list. The fact that it is internet based also means we can work from anywhere and check on the status at any time. I don't have to wait until my staff is back from lunch to see if they have finished their assigned tasks.
But I also love the effectiveness of the reminders of what is outstanding or even late! Accountants don't like being told they are behind on something or have missed a step, we are somewhat of a perfectionist group, so getting those reminders helps motivate users to get things done.
The addition of the graphs also gives a quick glance into how the close is going and where there are problems. The trends allow you to see how you've improved over time. They also just added a feature of projected close, which really helps when communicating with upper management about where things stand.
But I also love the effectiveness of the reminders of what is outstanding or even late! Accountants don't like being told they are behind on something or have missed a step, we are somewhat of a perfectionist group, so getting those reminders helps motivate users to get things done.
The addition of the graphs also gives a quick glance into how the close is going and where there are problems. The trends allow you to see how you've improved over time. They also just added a feature of projected close, which really helps when communicating with upper management about where things stand.
What do you dislike about the product?
The only thing I could say here is maybe the UI could be streamlined. FloQast is very adaptive and constantly adding new features, but the UI is kind of clunky. They do a fantastic job of listening to their end users and incorporating that into the produce. Now that so many features have been added, the UI is getting a little busy and could use some touch ups.
What problems is the product solving and how is that benefiting you?
We have taken our close from 20 plus days down to under 10. And the reconciliation process has been amazing! We were able to give our auditors access which freed up a LOT of our time. Since we already had all of the reconciliations done and the appropriate sign offs, we did not have to provide as much information during the field work. Plus, they could go back and access FloQast after field work was completed, which mitigated the back and forth.
Recommendations to others considering the product:
If you need a product that will transform your close process, FloQast is it! Are you tired of keeping up with spreadsheets or documents that multiple people are trying to update at once? FloQast allows you to have real time information and as many users can be in there as you want. The filters and folders allow you to focus in if need be, or you can have a more macro level view by looking at the whole picture. The recent enhancements to graphs make it easy to know immediately where you are for the month and the trends let you look back and show improvement and find those problem areas that might need rearranging to make close run more smoothly.
Think outside the box when you are using FloQast. It can be used for managing other projects as well, not just close. We also use it to manage our payroll team and all of the checklist items that they do. This means I have one place to see how payroll and close is going and that is a HUGE relief!
Think outside the box when you are using FloQast. It can be used for managing other projects as well, not just close. We also use it to manage our payroll team and all of the checklist items that they do. This means I have one place to see how payroll and close is going and that is a HUGE relief!
Intuitive interface and easy to customize
What do you like best about the product?
Everything is so intuitive and straightforward with FloQast. Even when new features come out I can quickly start using them.
What do you dislike about the product?
I wish there was a way to customize my view of the page. Each account row takes up a lot of screen real estate and my personal preference would be to make the view more compact.
What problems is the product solving and how is that benefiting you?
One of the greatest benefits is that if the GL balance changes (i.e. someone books a late entry) I am notified systematically because the recon goes out of balance. With manual tracking of recons in my prior life, I often had unpleasant surprises when reviewing the recon and discovering the balance had changed.
It's the bee's knee's
What do you like best about the product?
I enjoy how easy it is to navigate the site and access the data I'm looking for.
What do you dislike about the product?
A few too many promotional e-mails- otherwise I love it!
What problems is the product solving and how is that benefiting you?
I've had problems seeing my accounts all at a glance and Floqast gives me that option!
Facilitates close process
What do you like best about the product?
Integration with general ledger system for easy reconciliation and review. Ability to create checklists and document review within the tool.
What do you dislike about the product?
I have no complaints about the Floqast product
What problems is the product solving and how is that benefiting you?
Single tool for close process documentation and management intergrated with general ledger for easy tracking.
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