FloQast
The Accounting Transformation Platform for audit-ready finance teams.
Executive Summary
FloQast is an Accounting Transformation Platform designed by accountants for accountants, empowering mid-market to enterprise teams to streamline and automate their financial close, reconciliation, and compliance processes. It provides a centralized, AI-powered solution that integrates with existing ERPs and cloud storage, enhancing accuracy, visibility, and collaboration to achieve a faster, more efficient, and audit-ready close.
Use Cases
- Month-end close checklist organization and management.
- Automated account reconciliations and tie-outs.
- Variance analysis and flux explanations.
- Audit readiness and automated evidence collection.
- IPO preparation and M&A due diligence project management.
- Streamlining intercompany reconciliations and consolidations.
Features
Visibility
- Real-time Close Status Dashboard: Provides a live overview of the month-end close progress, task statuses, and deadlines, enhancing transparency and accountability across the accounting team.
- Reconciliation Status Tracking: Offers a centralized view of account-level reconciliation status, tie-outs, and assigned items, with the ability to filter by risk level, assignee, and due date.
- All Workflows Dashboard: Gives finance leaders comprehensive visibility into all finance processes, including operational tasks like AP/AR closing and payroll, beyond just the financial close.
- Close Analytics: Identifies important close trends and pinpoints bottlenecks to reallocate resources and maximize team productivity.
- Centralized Supporting Documentation: Integrates or attaches supporting documentation directly to reconciliations and tasks, ensuring complete and accurate records for audit readiness.
Intelligence
- AI Transaction Matching (AutoRec): Automates the matching of thousands of transactions in minutes, reducing manual effort and increasing match rates for high-volume reconciliations.
- AI-Powered Variance Analysis: Instantly scans transactional data to auto-detect variance drivers and automatically generates flux explanations, saving significant time.
- Automated Reconciliation Rollforwards: Automatically rolls forward folder structures, updates dates, and checklist items for each period, eliminating repetitive setup tasks.
- AI Agents for Workflow Automation: Leverages AI to automate various accounting workflows, such as drafting emails, vetting responses, and requesting necessary documents.
- Automated Evidence Collection: Streamlines the collection of audit evidence, embedding controls into business processes for continuous monitoring and audit readiness.
Support
- Dedicated Customer Success Team: Provides guidance during implementation, ERP integration, onboarding, and ongoing support to ensure successful adoption and utilization.
- Online Knowledge Base (FloQademy): Offers resources, whitepapers, eBooks, and templates to help users optimize accounting processes and improve workflows.
- In-App Support & Request System: Allows users to submit support requests and access assistance directly within the platform.
- CPE Credit Opportunities: Provides opportunities for accountants to earn Continuing Professional Education credits through FloQast's educational content and events.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- SSO, SAML 2.0, MFA
- API Available
- Yes
- MCP Server
- No
Infrastructure
- AWS
AI/ML Stack
- NLP
- Machine Learning
- LLM
Integrations
- NetSuite
- SAP
- Oracle
- Sage Intacct
- QuickBooks
Security & Compliance
Certifications: SOC 1 Type II, SOC 2 Type II, ISO 27001, ISO 27701, GDPR
Encryption: AES-256 at rest, TLS 1.2+ in transit (industry standard)
Pricing
- Model
- Tiered subscription, Custom enterprise
- Starting Price
- Contact sales (typical annual costs range from $9,000-$80,000+ depending on features and users).
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Annual, Multi-year (2-3 years common)
- Free Trial
- No (credit card required)
About FloQast
FloQast is a Finance and Accounting Operations Platform created by accountants for accountants, providing AI-powered close management software to streamline accounting operations and the month-end close process for over 2,600 accounting teams.