FloQast uses CSMs to keep in touch with the customers and keep customers up to date. The support team is extrememly responsive and can help you work through any changes you want to make.

Overall platform helps for overall visibility into reconciliation issues globally and drives uniform use for accounts and reconciliation methods. We also rely on the auto features to highlight unexpected general ledger accounts changes and errors in journal entries.

We don't have many cons. We are excited that FloQast is developing tools to help expand the use.

FloQast has been an amazing experience. The integration and rollout of the product was truly easy and the FloQast support team was second to none. FloQast has made close more efficient and more visible which has allowed our company to close faster and focus on process improvements.

The integration of FloQast with our ERP system was seamless. FloQast is a simple and ease to use product which helps with rolling out the product to the business and adoption of users. The product has helped give visibility into the close process at each operation business unit and helped us gain more efficiencies in the close process. Additionally by utilizing the perm file - we are able to how desktop procedures and other important information in one place that helps with onboarding new employees/retaining knowledge.

The Compliance function i believe needs to be built out more. While this is a new product with FloQast and constantly being improved, AuditBoard is currently a solution that is better for a public company's needs/

Better insight into our month end close for timeliness and accuracy.

The pros are ease of use and modification. The website is intuitive to use and has good visuals. The ability to link to our existing process allowed for easy implementation and instruction to our staff. The customer support has also been great with short response times for almost any issue. The FQ team have regularly reached out regarding additional items that could be added to the platform as well.

One of the cons we have run into is our use of OneDrive but some of our connectivity issues are not attributed to Floqast specifically. The biggest downside for our use of the system has been the inability to separate reviewer and preparer from having something due. If the preparer has not completed the task it is still shown as open for the reviewer. This also affects analytics as a reviewer can't control the timeliness of the preparer in some cases.

Chef's kiss!

I love the ease of use, customization, and scalability. FloQast is a must-have tool to optimize your MEC processes. When I joined my last company, we had ~300 reconciliations and only ~150 checklist items. At the end of our close optimization sprint, we had over 600 checklist steps. The increased documentation allowed us to improve consistency and efficiency, and allowed us to facilitate team changes (both planned and unplanned).

Last time I checked, the bank rec automation tool wasn't fully integrated with our banking system and ERP, which didn't allow us to maximize the efficiency of the tool.

I would choose Floqast time and time over. I've been at other companies that have not adopted a central close platform and it makes a huge difference in knowing the status of close and who/what needs most attention to push close to the finish line. The Floqast team is always responsive and open to critique and you can tell they really adore their product and care about making it better by constantly producing value added features for its end user.

Floqast allows your whole month end process to be viewed within one easy to use website that syncs with the some of the biggest ERP systems. We can get real time updates with a click of a button which allows us to be in the know when it matters most. Long gone are the days of emailing for approvals and forcing even more items into your work inbox. Floqast can easily communicate in Slack and other communication apps to alert you immediately of items needing your attention. The auto rec recon functionality also carries the ability to replace cumbersome excel recons. Overall it's a fantastic, affordable, and cutting edge product that I would recommend to any size accounting/finance team.

Floqast is still in the improvement stage of some of their features which are a bit more time consuming then they could be. The uploading of account recons require you to go into folders, remember which folder your rec is in, and scroll to upload. This could be improved by just allowing a recon to attach directly on the recon tab of Floqast. Another area that could be improved is auto rec sync with ERP systems because it picks up any new additions in your GL but will not remove any items you may have removed/reclassed out of that specific GL account. With numerous hands in one account, this causes some headaches not knowing when items are removed and remain unmatched in the recon.