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FloQast

FloQast | 1

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External reviews

1,243 reviews
from G2

External reviews are not included in the AWS star rating for the product.


    Accounting

Floqast has been very helpful with keeping track of tasks.

  • May 12, 2020
  • Review verified by G2

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.


    Insurance

Floqast for Snapsheet

  • May 12, 2020
  • Review verified by G2

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.


    Vincent G.

Simply put, FloQast is amazing and gives me confidence in our close process!

  • March 06, 2020
  • Review verified by G2

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.


    Computer Software

Flo(Qast) your way through close ;)

  • March 04, 2020
  • Review verified by G2

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 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!


    Bianca M.

Floqast has answered and always delivered our Closing needs!

  • February 28, 2020
  • Review verified by G2

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.


    Maritime

Does well what is is meant to cover and is easy to pickup

  • February 27, 2020
  • Review verified by G2

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.


    Automotive

Great customer service

  • February 27, 2020
  • Review verified by G2

What do you like best about the product?
The FloQast support is the fastest and most responsive support team I've ever worked with from a vendor. Answers are quick and helpful. The experience far surpasses the support teams of other companies we work with.
What do you dislike about the product?
Some necessary functionality that could enhance the user experience is still in development. Since we've been on FQ, several new features have been pushed out that make using the product better, but there are still more on the way.
What problems is the product solving and how is that benefiting you?
In our start-up environment where the speed of change is lightning fast, FQ helps us stay on top of the close and identify new areas and accounts requiring attention. It allows the accounting team to hold ourselves accountable to close, and also allows us to hold other operational teams accountable for their workflow steps as well. It provides great visibility into progress across the organization.
Recommendations to others considering the product:
N/A


    Chris H.

Organize your close and minimize close time with FloQast

  • February 26, 2020
  • Review provided by G2

What do you like best about the product?
FloQast eliminates the need for excess meetings and spreadsheet tracking for the monthly close process, while improving the accuracy of account reconciliations.
What do you dislike about the product?
The set-up time, depending on the number of entities/ subsidiaries can be a bit overwhelming. However the customer success team and account representatives make this process as painless as possible.
What problems is the product solving and how is that benefiting you?
We have decreased our close time since first implementation from form 30 to less than 15 days on our old system. We have recently implemented a new accounting system, and FloQast was a great tool that we used to help organize our monthly close in a new system with a new subsidiary organization. We have increased documentation quality and accuracy, the benefits of which we realize when investigating old transactions and preparing for our upcoming audit.
Recommendations to others considering the product:
I highly recommend using FloQast. From implementation to continuous management and updates based on business needs, it has been a pleasure to use.


    Health, Wellness and Fitness

Great tool for managing monthly close

  • February 25, 2020
  • Review provided by G2

What do you like best about the product?
No more papers and things are rollforwarded automatically. Can see status of close.
What do you dislike about the product?
Some people still like paper support for the monthly close and harder to share with people with no FloQast license.
What problems is the product solving and how is that benefiting you?
No more paper and better transparency on progress of close.


    Kj N.

Streamline the month-end close

  • February 25, 2020
  • Review provided by G2

What do you like best about the product?
FloQast enhances transparency for outstanding to-dos and unreconciled accounts
What do you dislike about the product?
The success of this tool depends on the full adoption from your team.
What problems is the product solving and how is that benefiting you?
Transparency, visibility, collaboration, completeness in preparation and review of month-end work papers