FloQast

AI Technology AI Business Tools AI Accounting Tools
service
4.2 · 1 review

FloQast is an AI-powered accounting transformation platform for month-end close management, reconciliation automation, and compliance, founded by CPAs and used by accounting teams from mid-market to enterprise.

Its machine learning matches thousands of transactions automatically for account reconciliations, and AI generates explanations for variance and flux analysis. Close management features include auto-generated checklists and coordination of multi-entity, global closes. FloQast Connected Compliance automates audit evidence collection and SOX controls testing, and FloQast Transform lets teams build custom AI agents for their own accounting workflows. The company is ISO 42001 certified for responsible AI management.

FloQast serves controllers, CFOs, accounting teams, and internal audit and compliance functions. It integrates with NetSuite, Sage Intacct, SAP, Microsoft, Xero, Workday, and a broad integrations library, and offers a public REST API with developer documentation and US, EU, and Australian endpoints.

Founded in 2013 in Los Angeles by Mike Whitmire, Chris Sluty, and Cullen Zandstra, FloQast raised a $100M Series E in 2024 at a $1.6B valuation. The web platform is sold in six packages without per-user fees; pricing is not public and runs through sales.

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Beoordelingsdimensies

Feature Set 4.5
Output Quality 4.4
Reliability 4.4
Ease of Use 4.0
Value for Money 3.7
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AI Reviews

Claude Sonnet 5 AI 4.2
FloQast is one of the more mature entrants in AI-assisted accounting, built by CPAs specifically around the pain points of month-end close, reconciliation, and audit compliance. Its machine learning engine automatically matches large volumes of transactions for reconciliations and drafts variance and flux explanations, which meaningfully cuts down manual review time for accounting teams handling complex, multi-entity closes. FloQast Connected Compliance extends the value proposition into SOX testing and audit evidence collection, an area few AI accounting tools address as directly, and the newer Transform module lets teams build their own workflow agents rather than being locked into fixed automations. Deep, well-documented integrations with NetSuite, Sage Intacct, SAP, Workday, and other major ERPs make it a credible fit for enterprise finance stacks, and a public multi-region REST API supports custom development. The company's scale, $100M Series E funding, and ISO 42001 certification suggest genuine staying power and a serious approach to responsible AI. The main drawback is opacity: pricing is entirely sales-driven with no free tier or public packages, making it hard for smaller accounting teams to gauge fit or cost before engaging.