A Great Close Management Tool
January 02, 2024
A Great Close Management Tool
Score 10 out of 10
Vetted Review
Verified User
Modules Used
- FloQast Close
Overall Satisfaction with FloQast
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.
- Ease of implementation
- Simplifies management of teams during close
- Easy to use interface for monitoring tasks and reconciliations
- Not able to handle all disaggregations available in ERP
- Could improve on ability to delegate tasks
- Improved visibility
- Simplified management of close
- Maintained time to close despite expansion
We use reconciliation management to handle all account reconciliations across all global entities and it allows us to monitor deadlines and ensure any changes are identified and re-reconciled to ensure SOX compliance.
We are able to provide both internal and external auditors with access to Floqast which reduces the number of requests we have to actively manage during audits. Floqast also actively monitors changes to GL or account reconciliations to provide confidence that any changes resulting in unreconciled balances are identified and resolved.
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