FloQast Review: Unlock Faster Financial Close & 38% Reconciliation Speed

Month-end close chaos wearing you down?

If you’re tired of chasing spreadsheets and constantly emailing your team about status updates, you’re likely looking for a fix that actually works with your current ERP and Excel setup.

After a deep dive into FloQast’s platform, my research shows: manual close management drains your team’s time and energy every single period.

FloQast attacks this issue head-on by giving you a centralized hub for close management, automated reconciliations, and built-in compliance—not by forcing a complete system overhaul, but by layering automation over your familiar workflows. From what I’ve discovered, their approach saves hours of cross-checking and makes review headaches a thing of the past.

In this review, I’ll walk you through how FloQast helps you close faster and with confidence, based on my hands-on analysis and testing.

Here’s what you’ll find in this FloQast review: a detailed look at features, new AI-powered tools, pricing insights, and real alternatives—guiding you step by step through your evaluation process.

You’ll come away knowing the features you need to streamline your close and the clarity to make a confident decision.

Let’s dive into the analysis.

FloQast Overview

FloQast has been around since 2013, based in Los Angeles. What impressed me is its founding by former accountants who wanted to build a platform that helps accounting teams close their books faster.

My analysis shows they primarily target mid-market companies but are expanding into the enterprise. What sets them apart is their philosophy of working with your ERP and Excel, not forcing you to rip and replace familiar, powerful tools.

Recent developments, like the launch of FloQast Intelligence, show a smart investment in AI. This FloQast review confirms their significant funding and unicorn valuation signal a strong, stable market presence.

Unlike competitors like BlackLine that push you to abandon spreadsheets entirely, FloQast enhances them. My analysis shows this makes it less disruptive for your accounting team, boosting user adoption from day one.

They work with thousands of organizations, from fast-growing mid-market companies to notable enterprises like Zoom and Shopify, that need better control over their financial close processes.

I was surprised to learn how their entire strategy centers on this “accountant-in-the-loop” approach. It aligns with the real-world need for greater visibility and process control without completely upending established systems.

Now, let’s examine their core capabilities.

FloQast Features

Tired of the chaos and errors in your month-end close?

FloQast solutions are designed to bring order and automation to your entire financial close process, working seamlessly with your existing ERP and Excel. These are the five core FloQast solutions that streamline your accounting operations.

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1. Close Management

Is your close still a disorganized mess of spreadsheets?

Relying on static documents and endless email chains for your close creates bottlenecks. This makes it impossible to know the real-time status of tasks.

FloQast Close Management provides a centralized, dynamic checklist that connects to your ERP, giving you real-time visibility. From my testing, this is where FloQast shines; it offers instant insight into every task’s status. You can attach documents directly and track assignments effortlessly.

This means your team can finally escape the spreadsheet chaos and collaborate more efficiently, cutting days off your close cycle.

2. Reconciliation Management

Spending too much time manually tying out accounts?

Automating manual account reconciliations is key. Manually validating countless Excel files against your trial balance is prone to errors and takes ages.

This solution links ERP trial balance accounts to your Excel schedules, automatically validating numbers. What I found is that it certifies reconciliations when numbers match, flagging discrepancies immediately. This leverages your team’s existing Excel skills while adding robust automated control.

The result is you save significant time on tedious validation, reducing manual errors and freeing up your team for deeper analysis.

3. Flux Analysis

Struggling to explain period-over-period account changes?

Investigating significant fluctuations in financial accounts is a critical but often manual task. Manually crunching data to find variances consumes valuable time.

FloQast automates the initial data crunching for period-over-period analysis based on preset materiality thresholds. This feature automatically highlights variances, allowing your accountants to focus on documenting the reasons for changes. It eliminates manual data export and comparison.

This means your team can swiftly identify and explain variances, improving the quality of your financial reporting and providing better insights.

4. Compliance Management

Is managing internal controls and audits still a headache?

Handling internal controls, PBC lists for auditors, and SOX compliance manually can be overwhelming. Collecting documentation via email is inefficient and risky.

This solution centralizes control documentation and evidence collection, linking it to your close tasks. It helps you generate PBC lists and grant auditors read-only access, eliminating back-and-forth requests. From my evaluation, this significantly streamlines audit preparedness.

This provides you with a single source of truth for compliance, reducing audit friction and ensuring you meet regulatory requirements easily.

5. FloQast ReMind

Are you constantly chasing non-accounting teams for information?

Manually sending reminders for data from other departments, like expense reports or accrual information, is a major bottleneck. It delays the close process.

FloQast ReMind automates recurring information requests to non-accounting personnel. This solution automatically sends email reminders until the information is submitted, and centralizes all received documents. It prevents common delays caused by missing data.

What you get instead is timely information from across the business, preventing last-minute scrambles and ensuring your close stays on track.

These FloQast solutions work together to create a cohesive, integrated financial close management system. The platform effectively layers control and automation onto your existing processes.

FloQast Pricing

Unraveling the mystery of custom software costs.

FloQast pricing is based on custom quotes tailored to your business needs, offering flexibility that aligns with complex enterprise environments. This means you’ll need to engage their sales team for precise cost details.

1. Pricing Model & Cost Factors

Custom quotes for specific needs.

FloQast’s pricing structure is based on a personalized quote, meaning your costs are determined by factors like user count, selected modules (e.g., Close Management, Flux Analysis), and ERP integration complexity. What I found regarding pricing is this approach ensures you only pay for what you use, perfectly aligning with your organization’s unique requirements. This flexible model is great for predicting your investment.

Budget-wise, this translates to a cost structure that scales directly with your operational scope, preventing overspending and optimizing your financial close technology investment for maximum value.

2. Value Assessment & ROI

Significant value for your investment.

FloQast’s value proposition centers on streamlining your financial close, directly impacting productivity and accuracy. By automating reconciliations and flux analysis, your team saves significant manual hours, reducing the risk of errors. From my cost analysis, this translates into tangible ROI for your accounting department by freeing up valuable resources for strategic work rather than repetitive tasks.

Compared to manual processes or disparate systems, the FloQast pricing justifies itself through improved efficiency, faster closes, and enhanced compliance, delivering clear business advantages.

3. Budget Planning & Implementation

Plan for total cost of ownership.

While FloQast pricing involves a custom quote, it typically covers the core platform, an implementation manager, and initial ERP integration. However, you should budget for additional modules like ReMind or Compliance Management as add-ons. From my cost analysis, considering these add-ons is key for your overall budget, ensuring you fully understand the total cost of ownership beyond the base subscription.

This means engaging with their sales team to discuss your specific module needs and integration complexities is crucial for an accurate budget forecast and no unexpected costs.

My Take: FloQast pricing prioritizes customization, making it an excellent fit for mid-market to enterprise accounting teams. What I found is that you gain precise cost alignment with your operational needs rather than rigid, bundled tiers.

The overall FloQast pricing reflects a strategic investment in automating your financial close, offering tailored value for your specific accounting operations.

FloQast Reviews

What do real users experience with FloQast?

To give you genuine insight, I’ve dived deep into FloQast reviews from various platforms. My analysis focuses on real user feedback to reveal common themes and overall sentiment about the software.

1. Overall User Satisfaction

Users are clearly impressed.

From my review analysis, FloQast consistently earns high marks, averaging 4.7 out of 5 stars across over 1,000 reviews on G2. What I found in user feedback is how overall satisfaction is exceptionally high, driven by its intuitive design and effective problem-solving for accounting teams. This strong sentiment is a recurring pattern in FloQast reviews.

This means you can expect a generally positive experience, with users finding it genuinely addresses their close management pain points.

2. Common Praise Points

Users love its Excel compatibility.

The most celebrated aspect is FloQast’s ability to work seamlessly with Excel, rather than forcing users to abandon familiar tools. Review-wise, its Excel integration significantly reduces learning curves, making adoption remarkably swift. Customers also frequently praise its centralized visibility and responsive customer support.

This indicates your team can leverage existing skills, which should accelerate implementation and quickly improve your close process efficiency.

3. Frequent Complaints

Some common frustrations emerge.

While largely positive, some FloQast reviews point to occasional performance issues, especially when dealing with large checklists or complex reconciliations. What I found in user feedback is that loading times can sometimes be a bit slow, and there are desires for greater customization in reporting and dashboards.

These are generally minor issues, not deal-breakers, but something to keep in mind for your specific use case.

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Overall, FloQast reviews reflect overwhelmingly positive user experiences, with minor concerns outweighed by significant benefits in close management and automation. This makes it a strong contender for your financial team.

Best FloQast Alternatives

Seeking the perfect financial close solution?

When exploring the best FloQast alternatives, you’ll find various solutions each excelling in different areas like enterprise scale, reporting, or specific automation goals for your accounting team.

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1. BlackLine

Is enterprise-level replacement your goal?

BlackLine leads for large, global enterprises aiming to completely replace manual spreadsheets with a single, robust platform for all financial operations. From my competitive analysis, BlackLine offers comprehensive global financial control even though it involves higher costs and complex implementation. It’s a powerful alternative.

Choose BlackLine if your large public enterprise requires a complete, all-in-one platform to eliminate spreadsheets globally.

2. Workiva

Reporting and compliance your top priority?

Workiva excels in connected reporting, focusing on SEC filings, ESG, and board reports by linking data directly from your ERP. What I found comparing options is that Workiva strengthens auditable regulatory reporting significantly, though its close management is secondary to its core reporting strengths. It’s a strong alternative for public companies.

Choose Workiva when your primary pain is collaborative, auditable reporting for regulatory filings or management reports.

3. Trintech (Adra Suite)

Ready to standardize reconciliations?

Trintech’s Adra Suite is a strong mid-market alternative, designed to standardize and house reconciliations within its own platform, similar to BlackLine’s approach. Alternative-wise, Adra focuses on automating reconciliations into a new system rather than enhancing existing Excel processes, providing a comprehensive module-based solution at a competitive price.

Consider Trintech when your organization aims to standardize reconciliations into a new system, moving definitively away from spreadsheet-based evidence.

4. Numeric

Seeking cutting-edge AI automation?

Numeric is a newer, AI-focused alternative offering “AI-powered reconciliations” and technical accounting intelligence for maximum close automation. From my competitive analysis, Numeric prioritizes advanced AI for automated insights for modern, tech-forward finance teams. It’s built for those comfortable with embracing next-gen solutions.

Choose Numeric if your primary goal is maximum AI-powered automation and your team embraces cutting-edge technology.

Ultimately, the best FloQast alternatives depend on your specific business requirements. Your optimal choice hinges on your team’s workflow preferences and scale, ensuring the right fit for your accounting operations.

Setup & Implementation

FloQast implementation is smoother than you think.

When considering FloQast, understanding its deployment is key. My FloQast review found a refreshingly guided and efficient implementation process, but setting realistic expectations for your team’s involvement remains crucial.

1. Setup Complexity & Timeline

Worried about a massive software overhaul?

FloQast’s setup is surprisingly streamlined, typically taking weeks rather than months. The heaviest lift involves connecting to your ERP, cloud storage, and mapping your chart of accounts. From my implementation analysis, this process is remarkably guided by FloQast’s team, ensuring a smooth transition despite initial data mapping.

You’ll want to prepare your financial data and dedicated team availability upfront to accelerate this initial configuration phase.

2. Technical Requirements & Integration

Minimal technical hurdles on the horizon.

FloQast excels by working with your existing ERP and Excel, acting as an orchestration layer. This means you avoid heavy new infrastructure requirements. What I found about deployment is that integrating with your ERP is the main technical task, which their dedicated manager assists with extensively.

Your IT team will need to facilitate secure API connections, but major hardware or software changes are generally unnecessary.

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3. Training & Change Management

Smooth adoption means happy accounting teams.

The learning curve for FloQast is minimal, especially since it integrates with familiar Excel workpapers. Training focuses on workflow like task sign-offs and review notes, not learning new reconciliation tools. From my analysis, this familiar approach greatly reduces user resistance, making change management relatively straightforward for your team.

You should emphasize the improved visibility and efficiency gains to your team for maximum buy-in and rapid adoption.

4. Support & Success Factors

Exceptional support from day one.

FloQast provides a dedicated Implementation Manager, a critical success factor for getting you live quickly. Post-implementation, their support teams are consistently rated highly for being accessible, knowledgeable, and resolving issues fast. Implementation-wise, their guided approach is a significant advantage, fostering confidence throughout the rollout.

For your implementation to succeed, leverage their expertise and maintain clear communication channels with their support team.

Overall, FloQast implementation offers a highly guided and efficient deployment, allowing your accounting team to quickly realize benefits. Its focus on working with existing tools minimizes disruption, making it a strong choice.

Who’s FloQast For

Find your perfect accounting close software.

This FloQast review helps you analyze if this software aligns with your specific accounting operations, team dynamics, and financial close needs. We’ll guide you through ideal profiles and use cases.

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1. Ideal User Profile

Chaos in your month-end close?

FloQast is ideal for mid-market and growing enterprise accounting teams struggling with manual, chaotic close processes lacking visibility. From my user analysis, teams wanting to enhance existing Excel workflows find this solution perfectly complements their current tools rather than replacing them entirely, making adoption smooth for target users.

You’ll benefit most if your primary goal is to bring order, control, and real-time visibility to your current close procedures.

2. Business Size & Scale

What size accounting team benefits most?

This software shines for companies with 5 to 100+ individuals involved in the close process. What I found about target users is that mid-market to larger enterprises see significant value, especially those integrating with standard ERPs like NetSuite or SAP, ensuring robust operational scale.

Your business should have sufficient transaction volume and a team size that justifies a dedicated close management solution.

3. Use Case Scenarios

Streamline your financial close workflow.

FloQast excels at centralizing and orchestrating the financial close, reducing manual efforts and enhancing visibility. From my analysis, it works best for standardizing reconciliations and checklist management. Your team will find this works when needing real-time dashboards to monitor close progress without constant status meetings.

You’ll appreciate FloQast if your current pain points revolve around disorganized close tasks, unclear responsibilities, and a lack of real-time oversight.

4. Who Should Look Elsewhere

Not for every accounting setup.

If your business requires extreme customization for reporting or non-standard Excel reconciliation formats, FloQast might feel restrictive. From my user analysis, some find the auto-reconciliation rigid for highly unique needs, or experience minor lags with massive checklists. Consider alternatives if these are critical concerns for your team.

Consider platforms offering deeper custom reporting engines or more flexible reconciliation logic if those specific requirements outweigh ease-of-use benefits.

Overall, this FloQast review shows it’s an exceptional fit for teams prioritizing process control and visibility. Your success hinges on streamlining an Excel-heavy close rather than replacing your core systems entirely.

Bottom Line

Your accounting close just got easier.

My comprehensive FloQast review concludes that this platform offers significant value by streamlining the financial close process. I’ll outline its core strengths, practical limitations, and ideal use cases to guide your decision.

1. Overall Strengths

Mastering the financial close effortlessly.

FloQast excels by integrating seamlessly with existing Excel workpapers and ERPs, significantly reducing the learning curve for accounting teams. From my comprehensive analysis, its centralized dashboards provide real-time visibility into close progress, enhancing collaboration and eliminating manual status updates. User adoption is high due to its intuitive design and exceptional support.

These capabilities translate into a faster, more accurate close, freeing up your team for higher-value strategic work.

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2. Key Limitations

Minor hiccups, major value.

While largely robust, some users report performance lags, especially with extensive checklists, impacting responsiveness. Customization options for reporting and dashboards are somewhat limited, potentially constraining specific analytical needs. Based on this review, the auto-reconciliation module can be rigid with non-standard Excel formats, requiring manual adjustments at times.

These are generally manageable trade-offs for the significant gains in close efficiency, not typically deal-breakers for most users.

3. Final Recommendation

Highly recommended for specific needs.

I confidently recommend FloQast for mid-market to enterprise-level accounting teams seeking to optimize their financial close without replacing core ERPs. From my analysis, it’s ideal for those leveraging Excel extensively and prioritizing enhanced visibility and control over their close process. Its strong support ensures smooth adoption.

Your next step should be a demo to see how it integrates with your specific systems and team workflows.

My FloQast review confirms this platform provides considerable value for close management, streamlining processes for accounting teams effectively and reliably. I am confident in this assessment.