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FloQast

#Month-EndClose
Optimize / Automate the Close
4.6
Staff Score
platform-informedVerified Jul 2026

This rating reflects GuideToReviews' editorial assessment, informed by publicly available product information and aggregate user ratings from third-party platforms such as G2 and Capterra where available.

Evaluation Criteria
features4.5/5.0
ease of setup4.6/5.0
pricing transparency3.2/5.0
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By FloQast
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Key Features

AI-Powered Account Reconciliation
Real-Time Close Management
Automated Balance Sheet Audit
Direct ERP Sync (NetSuite/Sage)
Collaborative Task Checklists

About FloQast

What is FloQast?

FloQast is a tool built to stop the madness of the month-end close. If your finance team is currently living in a world of "Master Spreadsheets," endless email threads, and manual checklists, this is the solution. It acts as a central hub that connects to your accounting software (ERP), allowing you to track every task, reconcile accounts, and document your work in one place. Instead of guessing who finished what, the whole team sees a live dashboard of the closing progress.

Read full description

What is FloQast?

FloQast is a tool built to stop the madness of the month-end close. If your finance team is currently living in a world of "Master Spreadsheets," endless email threads, and manual checklists, this is the solution. It acts as a central hub that connects to your accounting software (ERP), allowing you to track every task, reconcile accounts, and document your work in one place. Instead of guessing who finished what, the whole team sees a live dashboard of the closing progress.

Stop Wasting Days on Manual Work

The worst part of the close is the "ticking and tying"—manually checking if the ledger matches the bank statement or the invoice. FloQast uses AI to do this automatically. It finds the matches and only alerts you when something is wrong. This means your team stops reviewing every single line and only focuses on the errors. It turns a stressful, reactive scramble into a calm, predictable process.

How the Workflow Actually Works

It’s a simple shift from manual tracking to automated oversight:

  1. Sync Data

    → The tool pulls live numbers from your ERP so you don't have to export CSVs.
  2. Auto-Match

    → AI matches the balances to the documents and flags the outliers.
  3. Track Tasks

    → Everyone updates their progress in a shared view, so the 4. Controller knows exactly where things stand.
  4. Review Live

    → Managers can check and approve reconciliations as they happen, not at the very end.
  5. Audit Fast

    → When auditors arrive, you just give them the digital trail. No more hunting for old emails or lost files.

Why Choose FloQast Over Others?

If you look at a giant like BlackLine finance, it can feel like a massive corporate project that takes months to launch. FloQast is different. It was built by accountants who actually hated the close process, so it feels more intuitive and faster to set up. It’s less about "financial transformation" and more about "getting your weekends back." For mid-sized companies that want efficiency without a year-long implementation, it's the clear winner.

The Reality of Switching

The hardest part isn't the software—it's the habit. Most accountants are terrified to let go of their personal Excel trackers. The learning curve is mostly about trusting the system to be the "source of truth." Once the team realizes they don't have to stay until 10 PM on the last day of the month, the resistance disappears.

Key Advantages

  • Kills the Spreadsheet Nightmare: Replaces fragmented Excel trackers with a single, live source of truth for the entire close process.
  • Audit-Ready Documentation: Automatically timestamps and archives reconciliations, making year-end audits a non-event.
  • Reduced Closing Cycles: Slashes days off the month-end process by flagging discrepancies the moment they happen.
  • **Native ERP Integration:** Pulls data directly from the ledger, eliminating manual data entry and human error.

Considerations

  • Implementation Friction: Setting up the initial workflows and ERP mapping requires significant time and effort from the finance team.
  • Price Point: The cost is tailored for mid-to-large corporate finance teams; too expensive for small businesses.
  • Rigid Structure: While customizable, it forces a specific workflow that some traditional accountants may find restrictive.

Pricing & Subscription Tiers

Optimize / Automate the CloseStandard Platform Tier
Connected CompliancePremium Audit Module
Transform AI AgentsUsage Optimization Tier

Pricing shown is for reference only and may have changed. Always verify current plans and rates on the official website before making a purchase decision.

Frequently Asked Questions

Is FloQast just a fancy checklist?
No. While it manages tasks, its core value is the AI reconciliation engine that actually verifies the data in your ERP, not just the status of the task.
Does it replace my ERP (like NetSuite)?
No. It sits on top of your ERP. It doesn't replace the ledger; it manages the *process* of closing that ledger.
How long does it take to see a faster close?
Most teams report a reduction in close time within the first two cycles after the initial mapping is complete.
Is it secure for financial data?
Yes, it employs enterprise-grade encryption and SOC 1/SOC 2 compliance to ensure financial data integrity.
Can it handle multi-entity consolidation?
Yes, it is specifically designed for complex organizations with multiple entities and currencies.

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