Description
FloQast is a close management platform that centralizes month-end close checklists, account reconciliations, flux analysis, and audit readiness in one workflow, replacing scattered spreadsheets and email threads. It’s consistently rated #1 across user review sites and trusted by more than 2,800 global accounting teams including Twilio, the LA Lakers, Zoom, and Snowflake. FloQast prices around value delivered rather than user count, selecting a core platform and adding optional modules like AutoRec (AI-driven reconciliation matching), Compliance Management, and Consolidation based on a team’s actual close management needs.
Key Features
- FloQast Close: The core month-end checklist and task management product most teams start with.
- Account Reconciliation: ERP-linked reconciliation management to ensure account accuracy.
- AutoRec: AI-driven transaction matching that automates high-volume reconciliations.
- Flux Analysis: Tracks and explains account fluctuations to streamline variance analysis.
- Audit Readiness: Centralizes documents and supports audit trail compliance.
- FloQast ReMind: Automates emails and follow-up requests for expense reimbursements and task confirmations.
How It Works
An accounting team formalizes its month-end close into a checklist inside FloQast Close, with task ownership, due dates, and real-time status visible to the whole team rather than buried in individual spreadsheets. Account Reconciliation links to the ERP to keep balances accurate, and teams processing high transaction volumes, like corporate card swipes or merchant deposits, can add the AutoRec module to automate that matching with AI rather than manual review. Flux Analysis tracks period-over-period changes and helps explain variances, while Audit Readiness keeps supporting documents and the audit trail centralized for review. Because FloQast is modular, a team’s total setup and cost depend on which combination of Close, Reconciliation, AutoRec, Flux, Compliance, and Consolidation modules they actually need.
Technical Architecture & Overview
- Core Engine: A modular close management workflow engine, with AutoRec adding AI-driven data matching and variance detection on top of it.
- Deployment: Cloud-based web platform that reads and syncs with existing Excel files and ERP connections rather than replacing them.
- API Surface: ERP data linkage for reconciliation; FloQast does not pull live GL data into spreadsheets itself, distinguishing it from a full financial reporting platform.
- Known Limits: No public pricing published anywhere on floqast.com; every quote requires a sales demo. No free trial is offered.
Pros & Cons
| Pros | Cons |
|---|---|
| Modular pricing means teams only pay for the modules they actually need, not a fixed all-in bundle. | No pricing is published anywhere on FloQast’s site; every quote requires a sales conversation. |
| Consistently rated #1 across major user review sites, with strong customer satisfaction. | No free trial is offered, unlike some lighter-weight close automation competitors. |
| AutoRec’s AI matching genuinely reduces manual reconciliation work on high transaction volumes. | FloQast centers on task and workflow management rather than deeper automation of the underlying data itself. |
| Trusted by well-known enterprise names like Twilio, Zoom, and Snowflake. | Add-ons like ReMind and Consolidation are priced separately, so a full setup can cost more than expected. |
Pricing
| Plan | Price |
|---|---|
| Modular platform (Close, Reconciliation, AutoRec, Flux, Compliance, Consolidation) | Custom, sales-led (no public flat rate) |
Platform Availability
Web
Best For
Accounting teams wanting to formalize and standardize their month-end close | Controllers needing firm-wide visibility into close status and audit readiness
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Frequently Asked Questions
Does FloQast publish its pricing?
No, FloQast does not publish pricing on its website; the only way to get a quote is to schedule a demo with the sales team, according to FloQast’s official pricing page.
How does FloQast pricing work?
Pricing is modular and based on value delivered, not user count: teams select the core platform and add optional modules like AutoRec or Consolidation based on their close management needs, per FloQast’s official pricing page.
What is FloQast AutoRec?
AutoRec is FloQast’s AI-driven automated reconciliation module, designed to reduce manual reconciliation work by automating data matching and variance detection on high transaction volumes.
Does FloQast offer a free trial?
No, FloQast does not offer a free trial or a free version.
Which companies use FloQast?
FloQast is trusted by more than 2,800 global accounting teams, including Twilio, the LA Lakers, Zoom, and Snowflake, according to FloQast’s official site.
