FloQast

FloQast is a leading close management and accounting operations platform that helps finance teams streamline and accelerate the financial close process. Designed by accountants for accountants, FloQast integrates with existing ERP systems, automates key workflows, and enhances team collaboration—leading to faster, more accurate, and auditable closes.

With tools for task management, reconciliations, flux analysis, and SOX compliance, FloQast empowers controllers and CFOs to standardize accounting operations, reduce errors, and improve visibility across all financial processes. Whether closing monthly books, preparing for audits, or managing compliance, FloQast simplifies complex accounting workflows into repeatable and transparent processes.

Features

FloQast provides an extensive suite of accounting-focused features:

• Close Management
  Organize and track close checklists, assign tasks, and monitor team progress in real time.

• Reconciliation Management
  Automate reconciliations with support for Excel, Google Sheets, and integrations with leading ERPs.

• Flux Analysis
  Automatically identify and explain variances in account balances across periods.

• SOX Compliance and Audit Readiness
  Built-in controls, audit trails, and documentation support compliance with Sarbanes-Oxley and other standards.

• AutoRec™ (Automated Reconciliations)
  AI-powered transaction matching engine for bank, credit card, and clearing account reconciliations.

• Collaboration Tools
  In-app comments, notifications, and role-based workflows enhance communication and accountability.

• ERP Integrations
  Seamless integration with NetSuite, Oracle, Microsoft Dynamics, Sage Intacct, QuickBooks, and more.

• Analytics and Reporting
  Visual dashboards for real-time close status, bottlenecks, and historical trends.

• Cloud-Based Architecture
  Secure and scalable SaaS platform accessible from any device.

How It Works

FloQast overlays your existing financial systems and enhances them with automation and visibility:

1. Connect Your ERP and Documents
   Integrate FloQast with your accounting system and centralize close documents in cloud storage (Google Drive, Box, OneDrive).

2. Build Close Checklists
   Set up standardized workflows with tasks assigned by role, entity, and period.

3. Collaborate Across Teams
   Use built-in notifications and status tracking to ensure tasks are completed on time.

4. Automate Reconciliations
   AutoRec matches transactions using AI, reducing manual effort and reconciliation errors.

5. Monitor and Report
   Real-time dashboards help accounting leaders track progress, identify risks, and optimize workflows.

This results in a faster, more consistent, and more auditable close process, helping teams hit deadlines and reduce risk.

Use Cases

FloQast is built for mid-market to enterprise accounting teams across multiple industries:

• Monthly, Quarterly, and Year-End Close
  Standardize and accelerate recurring financial close activities.

• Audit Preparation and Support
  Centralize documentation, track approvals, and provide auditors with read-only access.

• Multi-Entity Accounting
  Manage close processes across subsidiaries or business units with ease.

• SOX and Internal Controls
  Establish approval workflows, version control, and compliance documentation.

• Variance Analysis
  Automate flux analysis to identify and explain material changes across periods.

• Team Collaboration and Accountability
  Ensure all close participants know their responsibilities and deadlines.

Pricing

As of June 2025, FloQast follows a custom pricing model based on your company size, number of entities, and modules selected. While exact pricing is not publicly disclosed, factors influencing cost include:

• Number of users

• Modules used (e.g., Close Management, AutoRec, Compliance Management)

• ERP integrations

• Support and training level required

• Audit readiness and compliance features

Organizations interested in FloQast should contact the sales team at https://www.floqast.com for a personalized demo and quote.

Strengths

FloQast delivers numerous benefits for modern accounting teams:

• Purpose-Built for Accountants
  Designed by CPAs to reflect real-world accounting workflows and challenges.

• Quick Implementation
  Deployable in weeks, not months, with low disruption to existing processes.

• ERP Agnostic
  Compatible with most major accounting and ERP systems, including Excel workflows.

• Improved Collaboration and Transparency
  Real-time dashboards and checklists help accounting teams stay on the same page.

• Audit-Ready Documentation
  Built-in logs, approvals, and controls streamline audit preparation.

• AI-Enhanced Reconciliations
  AutoRec saves time and reduces human error in high-volume accounts.

Drawbacks

While FloQast is a robust platform, there are some considerations:

• Not Ideal for Small Teams
  May be too feature-rich and expensive for startups or solo accountants.

• Limited Non-Accounting Features
  Focuses exclusively on accounting operations—does not replace broader ERP, payroll, or tax systems.

• Custom Pricing
  Lack of transparent pricing can make it hard to evaluate upfront.

• Learning Curve for New Users
  Teams unfamiliar with structured close processes may require onboarding and training.

• Dependent on Integration
  Optimal performance relies on seamless ERP and cloud storage integration.

Comparison with Other Tools

FloQast vs. BlackLine
Both are accounting automation platforms. FloQast is known for its ease of use and faster implementation, while BlackLine offers deeper functionality for larger enterprises with global operations.

FloQast vs. NetSuite Close
NetSuite provides basic close checklists. FloQast offers more automation, reconciliation, and collaboration tools purpose-built for controllers and auditors.

FloQast vs. Excel/Manual Processes
FloQast replaces spreadsheets and shared drives with structured, automated workflows that save time and reduce errors.

FloQast vs. Vena or Planful
Vena and Planful focus on financial planning and analysis. FloQast specializes in accounting operations and compliance.

Customer Reviews and Testimonials

FloQast is used by over 2,000 accounting teams, including companies like Zoom, Instacart, Twilio, and Snowflake. Common customer feedback includes:

• “We cut our month-end close from 10 days to 5 days.”

• “FloQast gave us the visibility we never had before.”

• “Auditors love the system—we spend less time preparing and more time analyzing.”

On review platforms like G2 and Capterra, FloQast consistently scores high for usability, implementation ease, and customer support.

Conclusion

FloQast is a powerful platform that transforms how accounting teams manage the close process, reconciliations, and compliance. With automation, real-time visibility, and tools tailored for finance professionals, FloQast accelerates the financial close and boosts team productivity.

Ideal for mid-sized to large companies, FloQast offers the structure and intelligence modern controllers need—without replacing their existing ERP systems. For teams ready to scale their accounting operations and reduce close times, FloQast provides a proven and accountant-approved solution.