We utilize FloQast for many reasons. We track our monthly tasks utilizing the "Checklists" platform in FQ. We complete our monthly reconciliations that are balances synced to FQ from our ERP, and we use Flux for all period-over-period comparisons as it relates to the Balance Sheet and Income Statement. This helps us track progress and ensure we are meeting critical deadlines for financial reporting.
Pros
Providing structure for teams to follow and complete daily tasks, including deadlines.
Ability to pull data from ERPs for reconciliation and flux analysis purposes.
Easily roll forward data and documents month over month.
Cons
We run into issues sometimes with the Flux functionality when reports sometimes won't update.
Likelihood to Recommend
FloQast is the perfect tool for any accounting department looking to fine-tune processes and define recurrent goals and tasks. The platform keeps our team organized and ensures we are all staying on task and completing necessary items according to due dates, really outlining our month-end close process.
VU
Verified User
Employee in Finance and Accounting (Oil & Energy company, 201-500 employees)
