Dynamic and Robust Monthly Close Platform for All Shapes and Sizes of Organizations
March 07, 2023
Dynamic and Robust Monthly Close Platform for All Shapes and Sizes of Organizations
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- FloQast Close
Overall Satisfaction with FloQast
We use FLoQast to help manage our monthly close. This includes task management, schedule reconciliations, and tie-outs to the general ledger in our accounting system (FinancialForce) and for our Quarterly Reviews and Year-End audits.
FloQast helps our team stay organized, tracking where every task is at and what bottlenecks we may have in any given reconciliation or subsidiary schedule, and has helped us reduce our days to close.
FloQast helps our team stay organized, tracking where every task is at and what bottlenecks we may have in any given reconciliation or subsidiary schedule, and has helped us reduce our days to close.
- Task Management for Close Items (Assignment of Preparers and Reviewers)
- Syncing Subsidiary schedule tie-outs from Excel files in OneDrive to the accounting system general ledger for live reconciliations
- Close analytics
- Integrations with other task management tools (e.g., Asana) so users can capture FloQast and their other "to-do's" in one place.
- Better ways to limit access to components for auditors (right now, it's all-or-nothing access, and I would prefer to keep some tasks/items as 'internal only').
- Real-time notifications would be nice. They have the system scheduled to send notifications at scheduled times during the day, which can be a problem if someone is waiting to start their task based on when someone else has completed theirs.
- FloQast has allowed our team to reduce the time it takes us to close our books on a monthly basis
- FloQast has allowed our team to be more collaborative and eliminate miscommunication of responsibilities
- FloQast allows for easier reconciliation and fewer mistakes between static subsidiary schedules managed in Excel workbooks and the General Ledger
FloQast has allowed our team to reduce the time it takes us to close our books on a monthly basis. FloQast has allowed our team to be more collaborative and eliminate miscommunication of responsibilities. FloQast allows for easier reconciliation and fewer mistakes between static subsidiary schedules managed in Excel workbooks and the General Ledger
With FloQast’s integration with OneDrive, we have been able to help eliminate version control issues since it standardizes folder structure, rolls over files, and auto-reconciles subsidiary schedules with our trial balance. We do wish the tool had a lot more control over what is provided to auditors with regards to the PBC support.
Do you think FloQast delivers good value for the price?
Yes
Are you happy with FloQast's feature set?
Yes
Did FloQast live up to sales and marketing promises?
Yes
Did implementation of FloQast go as expected?
Yes
Would you buy FloQast again?
Yes