FloQast
The Accounting Transformation Platform for streamlined close and compliance
AI-Powered Summary
FloQast is an accounting transformation platform built by CPAs to help accounting teams automate their financial close, reconciliations, compliance, and reporting processes. It offers modular products spanning close optimization, automation, compliance (including SOX), intercompany management, and AI-driven custom workflows. The platform is used by over 3,500 companies and targets mid-market to enterprise accounting and finance teams.
Key Features
What makes FloQast stand out
Close Automation
Automates high-volume reconciliations, rollforward schedules, and journal entry preparation and posting.
Compliance Management
Manages SOX controls, risk scoring, automated evidence collection, and multi-framework compliance in one place.
Intercompany Processing
Centralizes intercompany data with AI-assisted reconciliations and automated multi-currency conversion.
AI-Powered Workflows
Enables custom AI-driven workflows for processes like accruals, allocations, and other accounting tasks.
Financial Reporting
Streamlines consolidation, analysis, and reporting across intercompany and broader financial processes.
Close Visibility
Provides real-time visibility into close progress, task status, and team member contributions.
Risk Heatmaps
Scores business risks and uses heatmaps to highlight high-risk areas for enterprise risk management.
ERP Integrations
Connects to your existing ERP and accounting systems through a library of pre-built integrations.
What's Great
- Built by CPAs with deep understanding of accounting workflows, resulting in accountant-friendly UX
- Modular platform covering close, compliance, intercompany, and reporting in one ecosystem
- ISO 42001 certified for ethical and auditable AI, providing assurance for regulated environments
- Proven impact metrics: 38% reduction in reconciliation time, 20% faster monthly close
- Broad integration library connecting to existing ERP and accounting systems
Things to Know
- No transparent pricing; all plans require contacting sales for a custom quote
- Primarily designed for mid-to-large companies; likely overkill and cost-prohibitive for small businesses
- Heavy focus on accounting close and compliance — not a general-purpose finance or FP&A tool
Pricing Plans
All FloQast pricing tiers and features
Custom pricing based on modules and company needs; contact sales for a quote
Close Optimization
Close Automation
Connected Compliance
Compliance Pro
FloQast Reporting
FloQast Transform
Real Cost Breakdown
Hidden Costs
- Each module (Close Optimization, Close Automation, Compliance, Reporting, Transform) may be priced separately
- Implementation and onboarding costs are not disclosed publicly
- Additional modules or add-ons may significantly increase total cost
Cost Saving Tips
- Start with one module (e.g., Close Optimization) and expand as needed
- Bundle multiple modules during negotiation for potential discounts
FloQast is enterprise-grade software with custom pricing that requires direct sales engagement; expect significant investment commensurate with the complexity and scale of your accounting operations.
Price Comparison
Compare FloQast with similar tools
FloQast offers enterprise pricing. Contact their sales team for a custom quote based on your needs.
Best For
Mid-market to enterprise accounting teams streamlining financial close and compliance
Who Should NOT Use This
- Small businesses or startups with simple bookkeeping needs — FloQast is designed for multi-step close processes and enterprise compliance — it would be excessive and cost-prohibitive for companies with basic accounting needs.
- FP&A teams looking for budgeting and forecasting tools — FloQast focuses on the record-to-report process (close, reconciliation, compliance), not financial planning, budgeting, or forecasting.
- Organizations seeking a self-service tool with transparent pricing — All FloQast pricing requires sales engagement and custom quoting; there is no self-serve sign-up or published pricing.
- Solo accountants or freelance bookkeepers — The platform is built for accounting teams at companies with multiple entities, complex close processes, and compliance requirements — not individual practitioners.
Competitive Position
FloQast uniquely combines close management, automated reconciliations, compliance, and reporting in a single platform built by CPAs, with ISO 42001-certified AI specifically designed for accounting workflows.
When to Choose FloQast
- When your accounting team needs to automate and standardize the month-end close process
- When you want a unified platform covering close, compliance, and reporting rather than separate point solutions
- When your organization needs SOX compliance management tightly connected to accounting workflows
- When you prefer a tool built specifically by and for accountants rather than a generic GRC or ERP bolt-on
When to Look Elsewhere
- When you need a standalone GRC platform with deep audit capabilities beyond financial controls
- When you're a small business that can manage close processes with spreadsheets
- When you need FP&A, budgeting, and forecasting capabilities
- When you need immediate self-service pricing and fast implementation without sales involvement
Strongest alternative: BlackLine
Learning Curve
Prerequisites
Common Challenges
- Mapping existing close workflows and processes into the platform
- Configuring integrations with ERP and other accounting systems
- Getting the full team onboarded and adopting standardized workflows
- Understanding which modules to implement and in what order
Frequently Asked Questions
Common questions about FloQast
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