FloQast

We use FloQast in our month-end close process. FloQast helps our team stay organized and on task while closing the month. FloQast also helps us stay in compliance with well documented sign-offs with time stamps and connection with our cloud-based storage. FloQast integrates with NetSuite as well which helps with our reconciliations each month.

We use FloQast to manage our month end close tasks and reconciliations for multiple entities. It is integrated with our accounting software to ensure that are schedules match what is in our financials. We also use the Variance Analysis module to comment on and present analysis on month over month variances on our PL and BS to our CFO. Overall FloQast made managing month end close and the various tasks that make it up so much easier.

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

Month-End Close & FLUX: You no longer have to use a Gsheet to see how the close is going; you can look at the Dashboard to see exactly how it's going. Check where the bottlenecks are and possibly reassign tasks if needed. The FLUX is also linked to the Month End Close, which makes the filling out a breeze, as most of it was done during the Recon process. We have used FQ for 2-3 years and love it!

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.

We use FloQast to manage all aspects of our close and post-close processes. It allows for tracking of our tasks so that we know at any given moment if we are on schedule with our monthly close. It allows for easy review of journal entries and reports. In addition, FloQast allows us to track and review our reporting deliverables to the business.

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.

Help onboard new team members, streamline the closing process, and keep track of month-end timelines (projected and and actual closing dates).

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 to facilitate and accelerate our month end close process as well as for other workflows such as internal controls and payroll

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 it for tasks, journal entries, reconciliation and project that needs to meet deadlines. It is best task tracer for month end close and check mark the tasks are done and notify the group with out back and forth sending emails and ask the questions if the task is completed or not.

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.

We use FQ for 5 of our companies. It's a lifesaver on time! Our biggest problem was too many balance sheet accounts that had thousands of lines and we needed a better solution. The #autorec alone has saved us so much time AND eyestrain. We are glad to have the reconciliation basically done in FQ, instead of filtering through 70,000 lines ourselves.

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

Currently use FloQast to manage account reconciliations for multiple entities (preparer / reviewer) and month over month variance analysis.

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

We use Floqast to manage our month-end close process across all consolidated entities, including managing and tracking progress against the close checklist and completing all account reconciliations. Prior to Floqast, we lacked visibility into the status of key processes, but now we can track against deadlines and dependencies across multiple locations and teams.

We utilize FloQast for monthly close duties such as reconciliations. Additionally, we use the checklist feature to keep track and sign off on tasks related to month close or quarterly filing. We also utilize the flux analysis to review and document any month over month material variances on any of our balance sheet or income statement accounts.

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 use FloQast to manage our month-end close as well as other monthly cycles like Payroll and Revenue. We also use FloQast to manage quarterly cycles like Sales Tax/VAT reporting and annual cycles including preparation for our annual audits.

The platform allows us to centralise our tasks from right across the finance team and gives us control and visibility over progress.

We use FloQast to manage account reconciliations and manage periodic tasks. Account reconciliations are prepared using Google Sheets and linked to each Floqast account reconciliation for an efficient review and approval process.

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.