FloQast

We use FloQast to manage our close process and other recurring tasks across the Accounting team. We have a 5-day close, which requires us to be efficient. It helps to keep track of all of the activities required to close the books, track the status, and also ensure completeness. We also track the status of balance sheet reconciliations using FloQast.

I and my team use FloQast daily for our monthly close checklist and account reconciliations. We've loaded each team member's daily tasks into the FloQast checklist. I hold meetings during our financial close and throughout the month to follow up on regular tasks. As a manager, the checklist is a valuable tool in communicating expectations and holding team members accountable. The check list significantly boosts efficiency across our teams on the regular tasks leaving us more time to coordinate and sort out the unnusual tasks. It is very simple to add tasks and customize the tasks for whatever needs to be done. The built in analytics of completion for checklist tasks and account reconciliations help me quickly understand what work my team has done and what we need to focus on going forward. I use the % completion analytics by team member frequently to ensure we are going in the right direction. The reatures of FloQast are expecially helpful in a remote work environment. Again, very valuable as a manager/leader.

Floqast has been an invaluable addition to our month-end close process and allows our remotely distributed team to collaborate and communicate quickly and effectively throughout our entire close cycle - from our first journal entries through our reporting package distribution to management. In addition to the checklist module, the reconciliation functionality allows us to always ensure real-time alignment with our ERP, and documents clean review notes and action items. The flux module helps us ensure we can easily investigate and comment on unexpected results and trends or even compare to our budgets/forecasts. It's a great tool for any finance & accounting team to effectively manage your close, I would strongly recommend!

We primarily use Floqast as our financial close tool. This tool provides much needed visibility and aligns expectations as to who is performing which tasks and the date they are expected to be completed. This also allows management to easily check on the progress of the close without checking with each individual. Lastly, it ensures the balance sheet reconciliations tie to the final balance due to the sync with our ERP system.

My company uses FloQast primarily for month-end close. Prior to FloQast my close checklist consisted of an excel spreadsheet with haphazard notes, and it was difficult to keep track of what tasks I already completed and which items were still open. Additionally, there wasn't an easy way to see if account balances had changed post reconciliation, and all of my reconciliation reporting was very scattered. Enter FloQast. FloQast's dashboard shows you your progress for close, down to which items are late or on-time, what's still left to do, etc. All of my close GL accounts are in one place, I can easily see if an account balance has changed, I can see what tasks need to be done by a certain date, and on top of that it's incredibly user friendly. The approval feature is excellent as well, as you can add multiple approvers to review the work that's been done before locking the account. The aesthetic of the site is visually pleasing as well, which is a plus. It's massively changed how we do close tasks and I honestly can't imagine pulling out my Excel spreadsheets and going back to my old methods.

Our company uses FloQast in the Finance and Accounting department to help with many processes including our month-end close, billing, payroll processing, FP&A, reporting, and taxes. This product helps with maintaining controls, establishing workflows, enabling easy collaboration, and ensuring proper procedures are followed in all our processes. It also provides for backup for our outside auditors.

It helps to simplify the accounts close, reconciliations and track progress of tasks. Also automates many of the manual tasks associated with closing the books each month, such as reconciling accounts, preparing financial statements, and tracking progress. It Improves accuracy and reduces errors. With the help of automation FloQast reduces the risk of errors and ensures that all necessary tasks are completed on time.

We use it for month-end close management. It can automatically sync to the accounting software that we're using and make sure that the balance agrees with what we record in the book. Additionally, the signoff feature enables us to have better control in the accounting environment. We're currently only using the main FloQast tool but I'd like to explore additional features when the Company is in need.

We use FloQast for our close, reporting, and SOX compliance. Using the close/reporting checklists is very helpful for tracking progress and ensuring all tasks are completed. We recently starting using the SOX compliance module which so far has been very useful for seeing how the pieces of close/reporting tie into our overall SOX program with the controls linking.

It is used by the Finance Team only at this point. We use it mostly to help with managing our workflow for monthly financials and with planning our annual audit workload. It helps us to ensure that we have completed all necessary tasks and reconciliations each month and keeps us all accountable.