FloQast Reviews

“FloQAST with Ease

Pros

FloQast is incredibly user friendly. The notification emails for reconciliations changing are a fantastic feature. It also serves as a helpful tracker for prioritizing month-end closing tasks.

Cons

At the moment, I do not have any cons. I have been using FloQast for our monthly close process, and I look forward to exploring more features in the future.

“FloQast Leading the Accounting Close and SOX Management

Pros

I absolutely love how FloQast consolidates accounting functions into one centralized location. It is great that all accounting documentation is easily accessible within the FloQast system and directly linked to our SOX compliance module.

Cons

It would be great to have more in-app linking between the modules and consistent features across each module.

“Outstanding Month-End Closing Tool

Pros

The dynamic tool provided by FloQast for organizing month-end tasks is fantastic. We no longer have to rely on Excel checklists. Thanks to FloQast, we have been able to reduce our month-end close time from barely making it by the last day of the month to just 15 business days!

Cons

My only complaint is the inability to duplicate prepaid items in the AutoRec feature. We have several monthly invoices that are prepaid, so being able to duplicate the previous month is item and make minor changes would be wonderful.

“How did we live without this tool!!

Pros

The ease of use and the ability to see close progress on a single page is excellent. The Remind feature is a valuable tool for those of us constantly waiting on documents from other departments.

Cons

I can honestly say that I do not have any dislikes! This tool is truly a lifesaver!

“Customer Oriented

Pros

Its impressive how responsive FloQast is to customer feedback and questions. I love their dedication to addressing customer needs.

Cons

I would like to see improvements in the design of the variance analysis website.

“Great Product

Pros

Overall, FloQast is a fantastic product. Its user friendly and easy to navigate. The ability to upload existing Excel reconciliations has significantly improved the efficiency of our month-end close process.

Cons

With our company is multiple locations and divisions, the account reconciliation dashboard can become overwhelming due to the sheer number of accounts to reconcile.

“We Love Floqast

Pros

I am amazed with the fact that we can import transactions from our general ledger into FloQast and reconcile on a daily basis. This allows our entire team to access the reconciliations instead of just having them in an Excel sheet. Initially, we were skeptical but now we would never go back. The time saved is easily three or more hours in a workday.

Cons

We are currently addressing any improvements with our FloQast representative. Connectivity issues have been the main concern, and we have not encountered any major problems.

“Ease of Use

Pros

The best thing about FloQast in my opinion is how easily new users can understand and successfully use the software. My department did not have to go through a lot of training to implement it. The software is intuitive and highly user friendly. The person assigned to guide us through the setup did an excellent job and I also liked the follow-up meetings after the go-live date to ensure a smooth experience. I also find the analytics component of the software, which we did not have before to be very valuable.

Cons

It would be great if FloQast offered better functionality for role-based security. However, we manage this by creating multiple companies and restricting access to each one. Although it is a minor inconvenience, I can still view all the data through a combined-company approach.

“FloQast to the Rescue!

Pros

I find the interface easy to work with especially the task checklist reminders and the AutoRec Matching tool.

Cons

I have genuinely enjoyed using FloQast right from the beginning and have not come across any drawbacks.

“FloQast Ease of Use is Excellent...and the Auditors Love it Too!

Pros

Implementing FloQast was a hassle free task. We had recently completed a major ERP implementation, so we were expecting a similar experience with FloQast. However, we were pleasantly surprised to be up and running in less than two weeks. Whats even better is that our team started using the system before the training session led by FloQast because its that easy to use and intuitive! After the initial go-live, which focused on the monthly GL close and reconciliation process for the Accounting team, we expanded to the financial reporting team, FP&A, and Payroll. Each team is highly satisfied with the efficiency and control they have gained over their processes. The most significant benefit, though, has been rolling out the system to our external auditors. We transitioned the quarterly PBC list to FloQast, giving them access to our financial reporting, monthly close checklist tasks and reconciliation reports. Now, auditors can retrieve the data they need without assistance, saving us and them a significant amount of time during audits. The number of conversations and emails has drastically decreased, and we are now ahead of audit requests, often completing them well in advance of the due date!

Cons

My only criticism of FloQast would be regarding the Flux Reporting module, specifically the layout process for flux reports. It can still be a bit difficult to make modifications especially for financial statement line items. However, based on past experience I am confident that FloQast is actively working on improvements as many of the systems enhancements over the past three years have been a direct result of customer feedback and suggestions!

“FloQast review

Pros

I find FloQast to be an excellent period management software that offers greater visibility into our month-end close progress. Its functionality allows us to track reconciliation and checklist items separately.

Cons

To be honest, there is not much to mention as a shortfall, but it would be fantastic to have the option to link relevant supporting documents (stored in the cloud) to the reconciliations.

“Floqast helps me stay organized and stick to close and reporting deadlines

Pros

FloQast is incredibly user-friendly and visually simple. I love that it provides a screenshot of due dates and the progress of tasks, allowing me to quickly gauge how close I am to completing the close or other projects. I can also input my weekly to-do tasks to ensure nothing slips through the cracks. The emailed weekly to-do lists are incredibly helpful in planning my week and identifying where my focus should be.

Cons

Theres hardly anything about FloQast that I dislike. Occasionally, it takes a few minutes for the Trial Balance totals to update, but it is nothing excessive.

“Floqast best Close and support toll around

Pros

FloQast streamlines our close checklist with auto notifications and keeps all the close data in one place.

Cons

N/A - Currently, we have successfully set up and customized everything according to our needs.

“Easy to use

Pros

As a member of the Finance and Accounting department, using FloQast has made it much easier for us to work together efficiently during the close process. It automates various aspects of the financial close process, eliminating the need for manual and time-consuming tasks, and potentially reducing errors.

Cons

There is nothing specific to mention regarding my scope of work in FloQast.

“Best Accounting Software

Pros

In my experience, FloQast is one of the easiest software solutions I have ever implemented.

Cons

There are not many, but one feature I would love to see is the ability to create templates for adding new tasks and reconciliations.

“An upgrade to our month end process

Pros

Having balance sheet reconciliation with GL Linked is essential for our organization.

Cons

The Flux analysis is not yet linked with Business Central.

“Reduced our close time by half!

Pros

I truly like the checklist and workflow in FloQast as it allows for a quicker close. Each staff member understands their responsibilities and receives notifications when variances or balance changes occur. It has significantly improved our organization and helped us to close much faster than before.

Cons

The refresh and loading times can be quite long at times. There are occasional glitches as well. I also wish there was a mobile app option!

“FloQast Review

Pros

The integration of FloQast with Sage has been seamless. It allows us to easily track, organize and store all our month end tasks and supporting schedules. The integration process was also simple.

Cons

We have not encountered any issues with FloQast that were not easily resolved by our customer success representative.

“Best software

Pros

FloQast is very user-friendly and intuitive. We can quickly learn and understand it without investing much time.

Cons

The system speed can be slow at times, especially when refreshing.

“FQ is essential for our financial close process

Pros

I find the user interface of FloQast super intuitive. Its a great tool for managing responsibilities and ensuring accurate and timely completion of tasks.

Cons

Currently, I cannot think of any drawbacks. It is been an excellent product to use, and I cannot imagine going through our financial close without it.

“Easy to use and keeps us organized

Pros

FloQast provides helpful features such as checklists, organization, email reminders, and sign-off documentation.

Cons

It is a bit inconvenient to reconcile each subsidiary account separately.

“Easy to use Accounting software

Pros

What stands out to me about FloQast is its usability compared to other software available in the market. The setup process was simple and did not take much time. The customer support is fantastic as they respond quickly to any issues that arise. They are also receptive to customer feedback and requests.

Cons

FloQast works well for our current company size, but I do not believe it would be suitable for larger companies with a high volume of transactions. Some aspects could be more customizable, but overall it is quite standard.

“FloQast is a great tool.

Pros

Its pretty easy to sync FloQast with your accounting software and it provides a consolidated checklist and reconciliations all in one place.

Cons

The cost is the main concern. While FloQast offers many great features, the price to utilize everything can be high for smaller companies.

“FQ Review

Pros

Using it is fairly easy as I compared to other programs I used before. When I train new team members, they grasp it instantly.

Cons

Our main issue is having to manually click refresh instead of it updating automatically. However, it is not a significant problem.

“Increase viability and efficiency with FloQast

Pros

The integration of FloQast with our ERP system went smoothly. FloQast is a user-friendly and one of the best product that facilitates the rollout and adoption across the business. It has enhanced visibility into the close process for each operational business unit, leading to increased efficiency. Moreover, the perm file feature consolidates desktop procedures and essential information in one accessible place which benefits new employee onboarding and knowledge retention.

Cons

I feel that the Compliance function needs further development. While FloQast is constantly improving and evolving, AuditBoard currently provides a better solution for the needs of public companies.

“Floqast is an excellent platform to help streamline the close process

Pros

With FloQast, our entire month-end process can be easily accessed through a single user-friendly website that syncs with major ERP systems. Real-time updates are just a click away, allowing us to stay informed when it matters most. Gone are the days of relying on emails for approvals and cluttering our work inbox. FloQast seamlessly integrates with communication apps like Slack, promptly alerting us to items that require attention. The auto rec recon functionality also eliminates the need for cumbersome Excel reconciliations. Overall, its an amazing, cost-effective, and cutting-edge product that I would recommend to accounting/finance teams of any size.

Cons

FloQast is still refining some of its features, which can be a bit time-consuming. Uploading account reconciliations requires navigating through folders, remembering their location, and scrolling to upload. This process could be improved by allowing direct attachment of reconciliations on the FloQast recon tab. Another area that could be enhanced is the auto rec sync with ERP systems, as it picks up new additions in the general ledger but does not remove items that have been removed or reclassified from specific GL accounts. With multiple users involved, this can cause confusion when items are removed but remain unmatched in the reconciliation.

“Effective and Efficient

Pros

I am very much impressed with the visibility FloQast provides for our closing process. The interactive dashboard offers a comprehensive snapshot with convenient filters which makes it efficient and prefect to track progress and navigate to specific tasks for review and sign-off.

Cons

Honestly, I have not come across any drawbacks with FloQast!

“FloQst is a no-brainer

Pros

FloQast is designed with accountants in mind which makes it highly user-friendly. It caters precisely to the functions we need.

Cons

There are still some manual processes that have not been automated yet, particularly with rolling folders forward.