We have been working with #FloQast for about 6 months now and this is one of the best investments we have made. The Implementation process was so quick and easy. You can get it up and running with the basics and then begin filling out all the fine details of the close process. We were in a difficult process of implementing a new accounting software system in our organization when we became aware of #FloQast. I don't think we would been able to catch up and get back on track with our monthly close process so quickly without #FloQast. It created a great structure for making sure everything was done and out staff love the satisfaction of checking off their tasks.

Still looking for any significant deficiencies.

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.

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.

It has been massively helpful for me, particularly when it comes to close. Prior to using Floqast I was using a checklist on Excel, and now I'm not sure what I would do without FQ.

Floqast is very easy to use and is visually quite simple. I love that it shows a screenshot of due dates and how far along tasks are so I can tell just from a glance how close I am to finishing close, or other projects. I can put my weekly to-do tasks in as well so nothing slips through the cracks. The weekly to-do lists that are emailed out are also very helpful in deciding what my week is going to look like and where my focus should be.

There isn't much I don't like about Floqast. It can sometimes take a few minutes for the Trial Balance totals to update, but it's nothing outrageous.

FloQast makes it easy to stay on track with our month end close. It is connected to our accounting software and makes reviewing reconciliations seamless. It it also super helpful in making sure we are on track, meeting our deadlines and when needed identify blockers or delays. Overall the interface is very user friendly and it is my favorite month-end collaboration tool ever (have tried two other ones but this is by far the most user friendly one).

One thing that can definitively improve is Slack integration. Would love to see slack reminders for reconciliations that are due but have not been signed off yet, currently the feature is only available for checklist items.

Phenomenal! I can't say enough about how amazing the company and people are.

The closing and SOX integration. Being able to have both applications so integrated is extremely special.

I'd like more ability to link directly between features. For example, I'd like to link checklists to other chcklists, SOX testing to checklists, basically anywhere we have an uploaded document that we want to reattach to another area would be nice to have an ability to cross link instead of reupload documentation.

It is absolutely obvious this software was designed and built by accountants. The logic behind the product features is so refreshing. And they are continuously coming out with new, innovative features. Consistently improving the product and adding to it. FloQast is not going to rest on it's laurels, they are going to continue to innovate and move with the needs of their customers.

Organizes the monthly close and keeps our clients audit ready all year long

The cost can be prohibitive for smaller clients or non-profits.

Strong visibility and comfort regrading the status of the accounting close.

I like the reconciliation function that allows me to see the account reconciliation status and whether the recons have been reviewed and approved. The reconciliation tool integrates with NetSuite to identify unreconciled accounts and whether all the recons have been prepared, using a completeness check.

I find adding new subsidiaries, which includes a new checklist items, setting up recons and ensuring that storage provider is accurately set-up a challenge at times.

Floqast is one of the easiest implemented softwares I have ever used.

There aren't many, but one feature I would like to see is being able to make templates for adding new tasks and reconciliations.

We are a publicly traded company. Internal controls are part of our life in the office. Our auditors and PCAOB increasingly require companies to provide evidence of the controls, controls performance and efficiency. Before FloQast, our team had to create and update our monthly close tracking sheets manually and had to meet almost daily during the close time to ensure all tasks are done timely. The manual process created errors, miscommunication, and delays. Now, with FloQast, our close is almost stress free. My team can work remotely if they want to and get things on time. No micro management is needed. Our auditors have their evidence and get their SOX testing done REMOTELY with less questions as well. As my team's manager, I don't have to walk or call anyone to see where and how things are. If I have comments, I simply put those in FloQast and can see the progress and responses. Our close time and costs are cut down by almost one-third. Purchasing FloQast is one of the best decisions we've ever made. The team at FloQast is awesome. They listen, address our requests and provide assistance beyond our expectations. Thumbs Up!!!

fast implementation, value, services, efficiency, ease of use....

No cons

As the person who reviews most of the Balance Sheet accounts in my organization, I am very satisfied with this product. With daily uploads of the updated trial balance, FloQast lets me know at a glance, which accounts are out of balance. I am able to write comments, ask specific questions to the accountant in charge of reconciling the account directly within the software application. It is practical and user friendly. All of our reconciliations, support schedules and documents are located in one place. It is easily accessible to our accountants and managers, thus greatly improving our month and year-end processing. The FloQast support service is outstanding. They are very knowledgeable and always friendly and professional.

They are virtually nonexistent. This is not a stagnant program. With the willingness to take customer feedback seriously and apply new technology, I am certain FloQast will be continuously improving.

I really enjoy Floqast.

It is easy to consolidate all accounting tasks and reconciliations in one platform.

I do not have a something negative to say about Floqast.

Gives me a great feel of where we are in the month end closing process without having to go around and bug my team to see where they are at or what they have left to finish. GREAT customer service!! No matter who I contact, they are quick to email back and fix any issue.

Going back and forth between BOX and FloQast. If we had multiple additional hours to add all of our reconciliations to BOX, it might be helpful for year end close. We tried doing so when we first started using FloQast (when all uploads weren't carried forward month to month), but we haven't done any uploads recently.

I am such a huge fan of FloQast, I can not imagine closing the books without FloQast. It is straight forward and simple to use, even for multi national corporation such as ours. The set up was handled extremely well and FloQast team is bunch of sweethearts, very professional and extremely fast in their responses. Being able to assign reconciliations to individuals and time stamp when they are compelte each month has taken our MEC time from 15 to 9 business days and thanks to FloQast that 9 might become 7 soon. FloQast creates accountability, enables teamwork, has great audit trail and gives one a lot more confidence when reviewing financials, not to mention saves hours and hours that you would otherwise spend re-running reports and tying up teh back up reports to account balances, it is worth every penny and is life changing for a Finance team.

Ease of use, seems simple yet does so much in the background

n o t h i n g t o r e p o r t

Our company has been using FQ for almost 2 years. Within that time frame, we've had a major company infrastructure change and I was able to work with Lilith to help maintain the smooth transition. She's been with us from implementation, and I'm glad she's provided continued support to this day. I cannot speak for all customers, but the support we received is well above avg. in response and resolution. The FQ team is constantly trying to improve their product and ask for feedback on anything. Features we asked about when we implemented are now a standard feature, which shows they are listening and are actively testing new features to bring to the standard product. Admins require some computer knowledge, mostly for setup, but FQ will help you every step of the way.

great support, easy to learn as admin, via internet

We use Box.com for our storage, and the issue we run into is our admins from implementation deleted folders because they didn't like that folder structure, so they decide to make changes, which FQ makes those folders unique, so when we deleted, it took a function away from us.

The software is very user friendly, everything is in one place and has easy audit trails. The customer service is excellent and there are very quick responses. They also have implemented many of our suggestions.

It would be nice to have aging for the reconciliations and the ability for customer fields in the checklists.

Very easy to sync to your accounting software and provides a checklist and reconciliations all in one place.

The cost. A lot of other great features within FloQast, but the price to use everything is high if you are a smaller company.

The product is great and their team is super engaged in making sure we get the most out of the platform.

The user interface is super intuitive. The product is great for managing responsibilities and ensuring that tasks are completed accurately and in a timely manner

I cannot think of any at this time. It's been a great product to use and I can't imagine performing our financial close without it

FloQast helps me manage the teams progress without annoying or checking in with the team. If any balance changes there is a notification to ensure it is reconciled again.

Floqast helps ensure reconciliations and checklist items are complete on a monthly basis and flags any out of balance errors. This is incredibly helpful when doing an audit as the auditors already have all relevant schedules.

The daily alerts can be slightly annoying but this is customizable.

I've been using this product for about 8 months. I like that I can add my own monthly checklist items so that I never forget to do any deliverables during the close. I also like that I'm alerted via email when my accounts are out of balance; however, I get alerts for all accounts that are out of balance, not just the ones I'm in charge of, which is something I wish did not happen. It's also great that this software saves copies of all your files on their Box site. I've accidentally deleted a file on my company's shared drive that I had spent hours on, and being able to access this deleted file on Floqast's website made my day!

I've had a lot of syncing issues, which can be very frustrating when the software isn't recognizing files or files don't show up.

FloQast helped us streamline our month end check list and gave us a better structure to eliminate errors and be more efficient.

The sorting feature is great. I enjoy the ability to be able to see what I have due and whether or not it is complete.

Wish I could sort by other people. There are times when I am waiting on others to get a part of their job done before I can begin working on my task so using a filter to search by other individuals would be great.

It helped us effectively transition from a quarterly close process to a monthly close process. Additionally, it has helped us to organize and streamline our balance sheet reconciliations while eliminating wasteful processes.

I love the hash-tag feature because it provides the user with the flexibility and computational power of Excel with the robustness of a reconciliation data warehouse. Additionally, the checklist feature is a great way to plan out your month and your financial close. We also use FloQast to capture audit evidence surrounding review and approvals. This has been paramount to our success in both internal and external audits.

I wish you could rename folders within the FloQast application; however, I have faith that this feature will be added with time.

Checklists, organization, email reminders, and sign off documentation

Having to reconcile each subsidiary account separately

The look of the interface is really clean and easy to use. We like using it a lot for our monthly accounting close to keep on top of everything.