FloQast
UnclaimedUnify and optimize your accounting teams with AI-powered workflows for a faster, more accurate close.
Visit WebsiteTL;DR - FloQast
- Unifies accounting teams and optimizes the financial close process with AI-powered workflows.
- Reduces reconciliation time, audit time, and discrepancies while increasing data accuracy.
- Provides enhanced visibility, collaboration, and automation for end-to-end accounting operations.
Pricing: Paid only
Best for: Enterprises & pros
4.7/5 across review platforms
Pros & Cons
Pros
- Significant reduction in reconciliation and audit times
- Increased accuracy of close data and fewer auditor discrepancies
- Intuitive interface designed by CPAs for accountants
- Seamless integration with popular collaboration and productivity tools
- Enhanced operational visibility and team accountability
Cons
- No explicit mention of a free trial or free tier
- Pricing details are not publicly available, requiring a quote request
Ratings Across the Web
4.7(1,510 reviews)
Ratings aggregated from independent review platforms. Learn more
Preview
Key Features
AI-Powered Accounting WorkflowsGlobal Month-End Close ManagementIntelligent Checklists with AI mappingPurpose-Built Dashboards for critical milestonesCross-Department Collaboration & Workflow AutomationIntegrated Report-to-Report capabilitiesConnected Compliance for proactive risk mitigationEcosystem of Integrations (Box, Dropbox, Google Drive, Microsoft Teams, OneDrive, Slack, SharePoint)
Pricing Plans
Close Optimization
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- Centralize the month-end close with real-time status visibility
- Manage and enforce controls across all workflows
- Collaborate and review with a single source of truth
- Identify and remove process bottlenecks with analytics
- Automate data requests with the Request Agent
Close Automation
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- Automate end-to-end reconciliation processes
- Match high-volume transactions with AI
- Automate end-to-end journal entries
- Trigger automated actions to build workflows across systems
Connected Compliance
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- Streamline 404a SOX compliance management and automate evidence collection
- Manage enterprise risk programs with real-time monitoring
- Simplify IT compliance with automated framework mapping
- Advisory analytics into process-level data
- Customizable, out-of-the-box dashboards
Compliance Pro
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- Streamline 404b SOX compliance testing
- Perform continuous risk and operational testing with automated sampling
- Integrate remediation management into control owner processes
- Automate attribute testing and annotations with auditable AI
FloQast Reporting
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- Reconcile intercompany transactions in hours, not days, with AI-powered automation
- Generate real-time consolidated financial statements across multiple entities
- Surface material variances proactively with AI explanations
- Build custom financial reports with drag-and-drop simplicity and complete drill-through visibility
FloQast Transform
Contact Sales
- Automate time-consuming accounting and finance workflows
- Build customized no-code AI agents tailored to your needs
- Seamlessly integrate with your existing tools
- ISO 42001 compliance ensures audit-ready AI workflows
About FloQast
By Toolradar Team·
FloQast is an accounting transformation platform designed to streamline and automate the entire accounting close process, from month-end close to broader finance operations. It provides a centralized platform for accounting teams to enhance operational visibility, facilitate collaboration, and reduce cycle times. The platform leverages accounting-centered AI to automate routine tasks, focus on exceptions, and ensure accuracy, ultimately leading to significant reductions in reconciliation time, audit process time, and discrepancies.
FloQast is built by CPAs for accountants, ensuring the software is intuitive and aligns with accounting professionals' expectations. It integrates with existing productivity and collaboration tools like Box, Dropbox, Google Drive, Microsoft Teams, OneDrive, Slack, and SharePoint, as well as an ecosystem of other integrations to automate workflows. The platform is ideal for global companies looking to achieve a faster, more accurate, and auditable financial close, improve compliance, and empower strategic decision-making within their finance departments.
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FloQast FAQ
How does FloQast's AI-powered accounting workflow specifically assist with the close process?
FloQast's AI capabilities help optimize the close by enhancing operational visibility, facilitating collaboration, and reducing cycle time. It also automates aspects of the close process, allowing teams to focus on exceptions with accuracy and leveraging accounting-centered AI.
What types of integrations does FloQast offer to streamline accounting workflows?
FloQast provides a library of integrations to automate accounting workflows. For collaborative close processes, it integrates with productivity and collaboration tools such as Box, Dropbox, Google Drive, Microsoft Teams, OneDrive, Slack, and SharePoint.
How does the Global Month-End Close product help improve auditability and control strength?
The Global Month-End Close product strengthens controls by embedding automated controls across the close process to ensure proper execution. It also allows for mapping critical control points and tracking task statuses, which improves auditability.
Can existing close checklists be imported or utilized within FloQast's Intelligent Checklists feature?
Yes, FloQast's Intelligent Checklists feature allows users to easily map their existing close checklists into the system with the help of AI. This enables quick setup and categorization of close activities.
What specific insights can be gained from the Accounting Operations Dashboard in FloQast Ops?
The Accounting Operations Dashboard provides real-time, top-down insights for managers and teams to monitor goals, tasks, supporting information, bottlenecks, and completion. It allows for managing by exception, balancing workloads, and reducing stress from missed deadlines through summary or timeline views.
How does FloQast ensure the security and integrity of financial reporting data?
FloQast is built for assurance, deploying industry-leading safeguards to secure data, govern AI, and protect financial reporting integrity. It has also achieved ISO 42001 certification, demonstrating its commitment to ethical, responsible, and auditable AI development.
Source: floqast.com