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FloQast

FloQast

Reviews from AWS customer

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External reviews

1,274 reviews
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External reviews are not included in the AWS star rating for the product.


    Mark F.

A Month End Close Necessity

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
We use this every month. It makes closing the books every month so easy. We can keep our checklists, reconciliations, notes, and close metrics all in one place. We used to use a google sheet and several folders on a drive to do what Floqast does so effortlessly. I find it especially useful during audit as all reconcilations are stored in one place. Love Floqast
What do you dislike about the product?
I cant think of anything really. It has been nothing but a boon for us.
What problems is the product solving and how is that benefiting you?
Keeps our checklist in one place.
Gives closing metrics for each subsidiary and individual to spot and address pain points
All recs stored in one place
Timestamps for accountability
Great for audit season


    Information Technology and Services

FloQast Review

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
The things I like most about FloQast are: 1) organization to our monthly close 2) variance analysis 3) reconcilation ease. Because of these features we were able to decrease time during close by a half day. With a small team that has been amazing to get all that time back. Finally, the support team are the best support team that I have ever used.
What do you dislike about the product?
Honestly there isn't much that I disklike about FloQast. I have been a FloQast user for over 10 years and I have loved to see the evolution of the system.
What problems is the product solving and how is that benefiting you?
The problem that FloQast is solving:

1) Organization of the Close
2) Management of review notes
3) A place for reconciliations both storage and management
4) Variance analysis in one place and automated feed from ERP for balances


    Hollie D.

Balancing process is a breeze

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
The ease in balancing multiple accounts on a daily and monthly basis
What do you dislike about the product?
I have no complaints or dislikes with FloQast
What problems is the product solving and how is that benefiting you?
Balancing of gl accounts in a timely and accurate fashion. This has been a huge time saver for me and those in my department.


    Rick B.

FlowQast works exactly as expected

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
FloQast dose what it is intended to do, no fancy bells and whistles, just an easy to use, intuative platform that keep us all on trach for month end close.
What do you dislike about the product?
I have found nothing to dislike in the 2 years we have been useing
What problems is the product solving and how is that benefiting you?
Helps me to remember all the little items which ar so eassy to forget
Double checks and documents that my ballance sheet accounts are in ballance


    Retail

Innovative solution for the closing process

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
Having the ability to see where every employee is at in the closing process, reconciliations, repetive tasks, etc, at any time is very helpful. Seeing what is done, needs to still be done at any given time, and knowing if the spreadsheets or accounts are reconciled to the trial balance saves a great deal of time for both the reviewer and those completing the tasks. FloQast is like a big to do checklist, but with more options!
What do you dislike about the product?
It can be time-consuming to setup new accounts/recs, especially in instances where a large number of new locations or accounts are added (think M&A). It would be nice if it could connect to the ERP system so manual trial balances wouldn't have to be constantly uploaded. The tagging system is innovative, but also can be super frustrating when there are reconciling items. While there is an option to include reconciling items, if they are not all in the same spreadsheet, and FloQast sees the reconciling item tag before the normal account tag, it can't handle that. While there are workarounds, thought has to be made when making correcting or adjusting entries and the FloQast tab
What problems is the product solving and how is that benefiting you?
Knowing what is left to be worked on during the close period, and having a quick analysis, that accounts are reconciled (and stay reconciled). While there is potential benefits with the auto-rec matching, the core benefits come from the checklists and reconciliations


    adrian r.

FLoqast is great but i think they should work more in their FLuxes

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
you can track everything for the month end close and balance sheet rec. for the balance sheet rec is amazing that integrates with Netsuite
What do you dislike about the product?
The Flux Module isnt my favorite becasue it is slow becasue the Floqast team says we have so many department and that is what makes it slower.
What problems is the product solving and how is that benefiting you?
keeping track of how close is going and telling me if we are late or not


    Information Technology and Services

Great close management product for any accounting team

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
Easy to use and great customer service. Customer success representative are responsive and listens to feedback.
What do you dislike about the product?
None at the moment - any dislikes are eventually addressed by customer success representative
What problems is the product solving and how is that benefiting you?
FloQast helps accounting team manage deadlines and ensure close is completed in a timely manner.


    Tia L.

Great Month End Close System!

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
I love using FloQast because it ensures that I have reconciled each of my trial balance accounts. I also know that these reconciliations are all securely housed in one place. I also love that it keeps me on track to close quickly.
What do you dislike about the product?
The only downside for me is not being able to delete a reconciliation after it is uploaded. This happens occasionally.
What problems is the product solving and how is that benefiting you?
Staying on track timewise.


    Tom P.

A great tool for reconciliations, fluxes, and checklists

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
FloQast syncing with Netsuite gives us easy visibility when we do our reconciliations and flux analysis to see if there are any big changes, and when Netsuite is refreshed, we can see what has been knocked out of balance or above our threshold.
What do you dislike about the product?
Nothing, everything we've used so far with FloQast has been great!
What problems is the product solving and how is that benefiting you?
We no longer have to manually go and search for new material variances when we have a late journal entry - FloQast automatically updates so we can see if anything is now over our threshold. It's lead to a much higher degree of efficiency.


    Financial Services

FloQast - in Review

  • November 14, 2023
  • Review provided by G2

What do you like best about the product?
What to like about FloQast? The ease of use should be at the top of the list. Its responsivness in moving between tabs or task is quite smooth.
What do you dislike about the product?
There are not many if any things that can be put in this category. Perhaps, the one thing that i can bring up is the ability to match hashtag to the account.
What problems is the product solving and how is that benefiting you?
Floqast provides a means of getting information in one location and bringing togeter the preparers and the approvers of reconciliations.