Description
️ 🖼Tool Name:
FloQast
🔖 Categories:
- Finance, Forecasting, and Dashboards
- Business and Operations Management
- Data and Analytics
- Automation and Smart Agents
- RPA Automation and Repetitive Tasks
- Governance, Compliance, and Policies
- Integrations and APIs
- Education and Research
️ ✏What does this tool offer?
FloQast is an accounting and AI platform designed to help accounting and finance teams automate financial close processes, improve controls, and enhance the accuracy of reports and audit readiness.
The platform relies on AI agents that can perform tasks according to the team’s customized workflows, while leaving final review and approval in the hands of accountants, ensuring that outputs are interpretable, decisions are documented, and processes are auditable.
FloQast provides solutions for financial close management and workflow optimization, automation of reconciliations and adjustments, preparation and posting of journal entries, financial reporting and multi-entity data analysis, intercompany transaction reconciliation, as well as identifying material discrepancies and providing AI-powered explanations.
It also enables data integration with ERP systems and tools used by accounting teams, provides agents to automate document requests and repetitive tasks, and offers security and control features tailored to financial data.
FloQast offers training and support programs, including FloQademy, which provides training content and CPE/CPD credits, and the FloQast Certified Accountant (FCA)program, in addition to implementation and support services, customer success management, and a network of consulting partners.
⭐ What does it actually offer based on user experience?
- Streamlining the financial close process and optimizing workflows.
- Automation of accounting reconciliations and adjustments.
- Preparing and posting journal entries.
- Improved visibility into the progress of closing tasks.
- Automating high-volume reconciliations and posted schedules.
- Manage financial reporting and analysis.
- Reconciliation of intercompany transactions.
- Generate consolidated financial statements.
- Identify material differences and provide explanations using artificial intelligence.
- Automation of document requests and recurring accounting tasks.
🤖 Does it include automation?
Yes. FloQast includes AI agents and automation tools tailored for accounting and financial processes.
Agents can perform tasks according to the team’s custom procedures, while accountants retain the role of review and final approval. Automation includes reconciliations and adjustments, trial balances, journal entry preparation and posting, and document requests and recurring tasks.
💰 Pricing Model:
Paid subscription with custom pricing.
FloQast emphasizes that it does not use a per-user pricing model; instead, it sets the price based on the organization’s needs, the scale of operations, and the expected value of the solution. To obtain a quote, contact the sales team or schedule a demo.
🆓 Free Plan Details:
| Plan | Price | Details |
|---|---|---|
| No free plan announced | — | The official pricing page does not list a free plan. |
💳 Paid plan details:
| Solution | Price | Features and Differences |
| Close Optimization | Custom | Streamline the financial closing process, automate controls and workflows, and improve visibility into task progress. |
| Close Automation | Custom | Automate high-volume reconciliations, roll-up schedules, and the preparation and posting of journal entries. |
| FloQast Reporting | Custom | Manage financial reporting and analysis, intercompany reconciliations, and the preparation of consolidated financial statements. |
The service may also include costs and services related to implementation, integration, training, support, and customer success management, with the ability to customize solutions and add-ons according to the organization’s needs.
🧭 How to access the tool:
| Access Method | Details |
| Web | Available via the FloQast platform. |
| ERP Integrations | Supports data integration with ERP systems and tools used by accounting teams. |
| Integrations | The platform can be integrated with systems and tools used in accounting and finance operations. |
🔗 Demo link or official website:
FloQast’s official website