This amazing product improved the efficiency and effectveness of our month end close

What are the best aspects of this product?

Our month end close process is really improved. I think the ones that appreciate it the most are our accountants, because the process is completely in their hands, and they always make sure that all employees are well-informed on their tasks, deadlines, and responsiblities. Reconciliations are housed under a single roof, meaning that they are always accomplished on time. Overall, an easy and innovative product that helps our company's growth.

What aspects are problematic or could work better?

GL accounts are being included in the FQ through the ERP system, meaning that a lot of useless verfication is involved. It would be much easier if we could sign off as preparers or reviewers of reconciliations.

What specific problems in your company were solved by this product?

Month end close is challenging, in the sense that emlpoyees are not always on the same page, and it is difficult to hold them accountable for inefficient compliance with tasks and deadlines. Now that we have FloQast, everybody knows what he/she should do, and when they should do it in order to close the books properly. Our balance sheet accounts are reconciled each month, meaning that every member of our team knows whether to adjust their work prior to publishing financials to the Board of Directors.

Are you a current user of this product?

Yes