Tool profile
FloQast: cost, fit and limits
FloQast is an accounting workflow platform made by FloQast, Inc. that manages the month-end close checklist, account reconciliations and journal entries, adds AI agents for matching and variance analysis, and sells a separate risk and compliance package. It serves accounting teams at mid-sized and large companies.
What to know first
FloQast sells outcomes in packages, not seats. Close Management holds the checklist, reconciliations and an AI Assistant, Close AI adds agents, matching and automated reconciliations, and Risk and Compliance covers controls and audit readiness. Each package ends in a contact-sales button, and no dollar figure is shown. The company says it serves more than 3,500 companies. Teams add Risk and Compliance later without changing the close setup.
FloQast at a glance
| Maker | FloQast, Inc., United States |
|---|---|
| Free plan | No |
| Entry price | Quote only |
| API access | No |
| Category | Best AI Financial Close Software in 2026, rank 2 of 10 |
| Website | floqast.com |
Who FloQast is best for
Controllers who inherited spreadsheets
Close Management starts with the checklist and reconciliations, so a team can move off shared sheets before it adds any AI layer.
Companies preparing for audits
Risk and Compliance lists financial controls, audit readiness, enterprise risk management and operational audits, and can be bought alone or with any close package.
Teams on mixed ERPs
The ERP logos include Workday, NetSuite, SAP, Oracle, Yardi, Sage Intacct, Xero and QuickBooks, so subsidiaries on different ledgers can share one close process.
Security-conscious buyers
The security page lists ISO 42001, ISO 27001, ISO 27701 and a SOC 3 report, with audit reports available inside the app for customer administrators.
FloQast plans and pricing
| Plan | Price | What it includes |
|---|---|---|
| Close Management | Contact sales, no per-user fees | Close checklist, account reconciliations, accounting operations, projects, the AI Assistant and ERP integration. The pricing page lists ERP integration here, so a connection to your ledger is part of the first package. |
| Close AI | Contact sales | Everything in Close Management plus AI agents, AI matching, automated reconciliations, journal entry management and AI variance analysis. |
| Risk and Compliance | Contact sales | Financial controls, audit readiness, enterprise risk management, operational audits and testing, bought alone or added to either close package. |
| Pricing model | Outcome-based | The pricing page says there are no per-user fees and packages follow business needs instead of seat counts. |
Checked November 2026.
What FloQast does
- Close checklist
- A single checklist assigns tasks, tracks status and shows bottlenecks across the month-end close, so reviewers see what is blocked without chasing people. Teams see bottlenecks as they form, which shortens the late-night chase for missing tie-outs and approvals.
- AI matching and reconciliations
- Close AI matches transactions and automates reconciliations, with agents handling routine accounts so accountants focus on exceptions. Routine accounts go through matching first, while accountants spend their time on the exceptions that need judgment.
- Variance analysis
- AI Variance Analysis drafts explanations for balance movements, and a reviewer edits or accepts them. Ask how explanations are stored, who can edit them and whether auditors can see the version history later.
- AI Governance and Detect
- The AI product area lists AI Governance and Detect, alongside the statement that nothing reaches the books without human approval. Ask who administers these controls in your tenant, and how a rejected AI suggestion is recorded in the log.
- Audit evidence
- Customer administrators can open audit reports in the app, and bridge letters cover the gap between SOC report end dates and the present. Prospects must ask an account executive for the reports, so schedule that request early in the security review.
How FloQast handles your data
FloQast's security page lists ISO 42001 (calling the company an early adopter), ISO 27001, ISO 27701 and a SOC 3 report, plus a Data Privacy Framework notice and an up-to-date SIG Core. Outside firms test high-risk products and infrastructure each year. The page does not say whether customer data trains AI models, names no hosting provider or region and describes no encryption standard, so the vendor's policy was not checked for those points. The privacy policy gives a Los Angeles address and says data may be stored in the United States and other countries.
Where FloQast falls short in practice
- Price needs a call. Every package ends in Contact Sales. A buyer cannot compare Close AI with a rival's tier without a quote, and the AI agents may sit in the higher package.
- AI training rule not found. The security page links an AI FAQ that we could not read. Until the vendor states the training rule in writing, a cautious buyer should treat it as open.
- Hosting stays unnamed. No hosting provider, region or encryption method appears on the pages we read, which matters for companies with data residency rules. That matters for companies with data residency rules or customers who ask where their ledger copies are stored.
Works with
Alternatives to FloQast
FloQast: common questions
What is the difference between FloQast Close Management and Close AI?
Close Management covers the checklist, reconciliations, accounting operations, projects and the AI Assistant. Close AI includes all of that plus AI agents, AI matching, automated reconciliations and journal entry management. Ask which agents are live today and which are on the roadmap.
Does FloQast charge per user?
The pricing page states no per-user fees and says packages follow business needs. It shows no dollar amounts, so ask the sales team how it counts entities, accounts or transaction volume when it builds a quote. Ask how entities, accounts or transaction volume are counted when the sales team builds a quote.
Which certifications does FloQast show?
The security page names ISO 42001, ISO 27001, ISO 27701 and a SOC 3 report, and the home page says SOC 2 Type II compliant. Request the current SOC reports and bridge letters instead of relying on the badges. Request the current SOC reports and bridge letters through the in-app audit reports instead of relying on the badges.
Will FloQast's AI post entries by itself?
The home page says nothing reaches the books without human approval. Journal entry management is part of Close AI. Test in a trial who approves each AI-prepared entry and that the approval is logged for auditors. Test in a trial who approves each AI-prepared entry and that the approval is logged.
Can FloQast handle several ERPs?
The home page shows logos for Workday, NetSuite, SAP, Oracle, Yardi, Sage Intacct, Xero and QuickBooks, and a menu entry for Microsoft. Ask which integrations are native and which need custom work before you commit. Test the connection with your own chart of accounts, since depth differs between a native integration and custom work.