Overview
FloQast is a close management platform built by former accountants for accounting teams. The product sits beside the general ledger and organises the month-end close around a checklist, document repository, reconciliation tracking, and approval workflow. FloQast positioned itself early as the spreadsheet-friendly alternative to BlackLine — less heavy, faster to deploy, and designed to work alongside Excel-based reconciliations rather than replace them.
The platform is most commonly chosen by mid-market accounting teams (50–500 finance and accounting users) that have outgrown shared spreadsheets and shared drives but find BlackLine too heavy. FloQast has expanded the product surface materially since 2022, adding AutoRec (automated reconciliation), Flux Analysis, Tie Out, Compliance Management (SOX), and Consolidation. The Consolidation module places FloQast in adjacent CPM territory, though customers still typically pair FloQast with a dedicated FP&A tool.
Key Features
- Close checklist with task management, due dates, and approval workflow
- Reconciliation management with document attachment and review
- AutoRec for automated transaction matching
- Flux Analysis for variance and trend analysis
- Tie Out for tying financial statements to source data
- Compliance Management for SOX controls testing and evidence
- ReMind for automated email reminders and follow-ups
- FloQast Consolidation (multi-entity close consolidation)
- Pre-built integrations to NetSuite, Sage Intacct, Microsoft Dynamics, Workday, QuickBooks
- FloQast AI for close anomaly detection and review prioritisation
Pricing
| Tier | Model | Typical Cost |
|---|---|---|
| Starter (small accounting team) | Per user annual subscription | $12,000–$30,000/year |
| Mid-market (50–200 employees) | Per user + entity-based | $30,000–$60,000/year |
| Enterprise (multi-entity) | Per user + module-based | $60,000–$80,000+/year |
Pricing verified May 2026. FloQast prices on user licenses, entity count, and module selection (AutoRec, Flux, Tie Out, Compliance Management are typically separate). Contracts are typically 2–3 years. Implementation services run $5,000–$30,000+.
Strengths
- Fast implementations — typical 4–8 weeks to first close, materially faster than BlackLine
- Designed by accountants for accountants — strongest UX in the close category
- Excel-friendly: works alongside spreadsheet reconciliations rather than replacing them
- Strong Sage Intacct, NetSuite, and Microsoft Dynamics integrations
- Active customer community and educational content (FloQademy)
Limitations
- Less suited to high-volume transaction matching at enterprise scale than BlackLine
- AutoRec, Flux, Tie Out, Consolidation, and Compliance Management are all separate modules
- Multi-year contract preference limits flexibility for organisations needing trial deployments
- ReMind, Consolidation, and Compliance Management add-on pricing can stack quickly
- Smaller certified partner network than BlackLine or Trintech