FloQast

We use FloQast as a close monitoring tool, for auto-recs and also for SOX compiance. Additionally, we use ReMind for accruals.

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.

We are using FloQast to control the quality of account reconciliations. Users are required to upload detailed account reconciliations along with a breakdown of the balance as it appears on the trial balance. Until the balance as per the file containing the account reconciliation and balance as per Trial balance does not match exactly, the system will not allow the user to sign off the reconciliation in Floqast. Further, the reconciliation goes to the manager for his review. If he is satisfied with the quality of the details uploaded on Floqast, he approves the reconciliation to complete the sign of that particular account.

We use FloQast for our monthly and annual reconciliations. It is a great tool for managing the close. FloQast helps identify where processes in the close are taking more time and needs more focus. We also use it as a tool during our audits. The sign off of recons and also storing documents in FloQast helps make audits much easier.

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 use Floqast to manage our monthly and quarterly close process. The main modules we use are Close, Autorec, Remind and Analytics. Floqast has made tracking tasks and outstanding items easier and allowed the team to identify blockers that impacted our close. It allowed us to automate a lot of simple recurring tasks like outreach emails, reminders, as well as ensuring reconciliations are always in sync with our ERP.

I use it for reconciling our balance sheet accounts. WE also use the form in order to keep track of our month task.

FloQast allows our remote team across multiple organizations to effectively manage the close process. The dashboard is most helpful for me managing multiple closes, and the Notes feature allows me the ability to see my comments across all of our portfolio companies. FloQast saves us days in our process by keeping us organized and syncing with our ERP seamlessly

FloQast helps me stay organized and prioritize my tasks during the month. It reminds me when items are due or late. I like that it keeps files related to the close process in organized folders. This helps us when we have audits. FloQast notifies you when reconciliations are off balance in case someone makes changes after you have closed the period. It gives the user an accurate and timely view of the reconciliations. It's very user friendly and information is updated quickly every time you refresh. I highly recommend it.

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.

FloQast has become an instrumental tool in our monthly close process. We have our monthly checklist, as well as all balance sheet reconciliations housed in FloQast. It has alllowed us to streamline our close process and created awareness around where we are at in the process. Additionally, we utilize the AutoRec functionality to reconcile thousands of transactions per month. We are primarily an e-Commerce business distributing products throughout the United States. We utilize the AutoRec feature to ensure that the cash we receive matches the revenue recorded for each of those transactions.

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.

We use FolQast for closing procedures and coordination. We have 6 different business lines and intercompany transactions that require consolidation. FloQast integrates all of our reconciliations and closing procedures.

Floqast helps manage accounting close cycles efficiently and ensure that month end is completed in a timely manner. FQ ReMind also helps with automating email confirmations when needing to send out mass confirmation communications. The solution also helps with aggregating responses and that greatly reduces manual work for my overall team.

FloQast helps us speed up our reconciliation process with the auto rec feature. This is very helpful with bigger accounts and saves time. Instead of matching individual transactions, FloQast does it in a matter of a minute or so (depending on the account size). I enjoy being able to sort by name and the status of my reconciliations. With being a larger company and having a lot of accounts we reconcile, this feature is one of my favorites.

In our business, we are using FloQast to track our monthly accounting close. FloQast integration with our accounting ERP system will help us to identify differences in our manual reconciliations and ERP system balances. Also, this will help managers to track the process and follow up with relevant parties. As a Manager, this helps me to keep up with my accounting close activities.

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 FloQast to track and smoothly manage the month-end close and reporting process. It saves time wasted contacting each other for status updates and makes it easier to spot pinch points and opportunities to speed up close. It centralizes what was three different close checklists. It stores documentation in our cloud (control of documents is important to us), making it easier to review remotely and permission auditor access. It makes it easier to document not just what is to be done but how and why, which has helped significantly with transitioning duties from old to new team members, either piecemeal over time or in one click transition from an old associate to a new one. It is extremely logical and intuitive, requiring almost no training to get up and running, which has really helped with adoption by users. It is easy to use for standardizing as well as for flexible for easily adding ad-hoc items that come up. Our team loves it, our management loves it, our IT loves it, and our auditors praise us for having it.

Our firm provides accounting and close services to a wide variety of clients. FloQast is the number tool used in our business. It not only provides for an incredibly smooth close every month, organizing us as a team, streamlining communications, and keeping us audit ready all year long. It also includes all kinds of great tools for everyday workflow organization. With a 5 person team, we are able to close the books for multiple businesses within 15 days.

I use FloQast to keep track of the timeline of my (and others) month-end close tasks as well as account reconciliations. With over 40 people in our Finance department contributing to the close process, FloQast keeps everyone on track and ensure a timely and smooth close every month. Additionally, FloQast's ability to pull data from NetSuite for account reconciliations makes it a breeze to guarantee accurate information for account reconciliations.

We use to manage month end close checklists and our reconciliation process.

My essential duties at my current organization include reconciling multiple GL Accounts each month. I use FloQast to do these reconciliations by matching reports from the financial software with uploaded trial balances in FloQast. In addition, all relevant documents are able to be saved in the folders that are directly tied to the reconciliation they support. This enables the documents to be at the ready for audit time. Basically everything is packaged in a neat and tidy way for the auditors when they are looking over the books.

FloQast has added a lot of transparency to our close process and helped us manage workflows and workloads of staff. We can easily see any bottlenecks as well as regularly late submissions to help support those areas of the business. We can also hold members of the business directly accountable tasks and reconciliations, which we never had the ability to do in the past with too many moving parts. We have deep-dived into our close process and streamlined many of our reconciliations for ease of use as well as adding a lot of consistency that was never in place beforehand. After only one quarter from our full launch, the team is full of nothing but compliments for the software and I am sure we will continue to utilize the system to its full capabilities and make further progress in reducing the time taken for our close process.