CCH Tagetik vs FloQast
financial close & consolidation head-to-head for ERP teams: evidenced capabilities, published pricing, and which ERPs each actually integrates with.
| Starting price | Quote-based | Annual subscription, quote-based by accounting-team size |
| Deployment | Cloud, On-premise | Cloud |
| Company size | Mid-market, Enterprise | Mid-market, Enterprise |
| Stated ERP integrations | SAP | NetSuite, SAP, Microsoft Dynamics 365, Sage Intacct, Oracle Fusion Cloud, Workday, QuickBooks, Xero |
| Vendor | Wolters Kluwer (CCH Tagetik) | FloQast, Inc. |
Our take
Where CCH Tagetik leads
- Stronger evidenced coverage on 15 of the 36 capabilities where they differ (led by automated intercompany eliminations and ownership & minority-interest calculations).
Where FloQast leads
- Stronger evidenced coverage on 21 of the 36 capabilities where they differ (led by role-based task assignment & ownership and sox / internal controls tracking).
- Stated NetSuite, Microsoft Dynamics 365, Sage Intacct, Oracle Fusion Cloud, Workday, QuickBooks, Xero integration the alternative doesn't list.
Where they differ
The 36 capabilities (of 50 in the financial close & consolidation taxonomy) where the evidence separates them, biggest gaps first. “Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
| Capability | ||
|---|---|---|
| Role-based task assignment & ownershipClose Task Management | Not evidenced | Core strength Role-based assignment of individual or collective close tasks |
| SOX / internal controls trackingClose Task Management | Not evidenced | Core strength Multi-framework control mapping (SOX, SOC 2, ISO, GDPR) |
| Close calendar & milestone trackingClose Task Management | Not evidenced | Core strength Close calendar with milestone tracking |
| Automated journal entry creationJournal Entry Automation | Not evidenced | Core strength Automated journal entry drafting |
| Journal entry approval workflowJournal Entry Automation | Not evidenced | Core strength Journal entry review and approval routing |
| Automated intercompany eliminationsConsolidation & Intercompany | Core strength | Not evidenced |
| Ownership & minority-interest calculationsConsolidation & Intercompany | Core strength Equity method and minority-interest adjustments calculated automatically | Not evidenced |
| Multi-GAAP / IFRS / statutory reporting supportConsolidation & Intercompany | Core strength IFRS, US GAAP and local statutory compliance | Not evidenced |
| Disclosure & narrative reportingReporting & Disclosure | Core strength Intelligent Disclosure narrative reporting w/ Word/PowerPoint | Not evidenced |
| Regulatory filing / XBRL supportReporting & Disclosure | Core strength iXBRL tagging for regulatory filings (powered by CoreFiling) | Not evidenced |
| AI copilot / agentic automationAI, Analytics & Monitoring | Not evidenced | Core strength No-code configuration of AI agents; prebuilt agents for close workflows |
| Cloud & on-premise / hybrid deployment optionsPlatform & Integrations | Core strength Cloud (AWS) or on-premise deployment with the same functionality | Not evidenced |
| Recurring reconciliation templatesAccount Reconciliation | Not evidenced | Supported Out-of-the-box matching on the majority of transactions |
| High-volume matching (bank, card, POS, payroll)Account Reconciliation | Not evidenced | Supported Matches thousands of transactions at once |
| Recurring & accrual journal entriesJournal Entry Automation | Not evidenced | Supported Automatic amortization and depreciation schedule calculation |
| Drill-back to source transactionsJournal Entry Automation | Supported Real-time drill-through into SAP S/4HANA and SAP ERP | Not evidenced |
| Intercompany matching & netting/settlementConsolidation & Intercompany | Supported Intercompany and transaction matching | Not evidenced |
| Currency translation & FXConsolidation & Intercompany | Supported Multi-currency and multi-entity consolidation | Not evidenced |
| Variance commentary & explanation workflowVariance & Flux Analysis | Supported Expert AI for variance explanation | Not evidenced |
| AI-assisted predictive forecastingAI, Analytics & Monitoring | Supported AI-assisted predictive forecasting (Expert AI) | Not evidenced |
| Public API for custom integrationsPlatform & Integrations | Not evidenced | Supported API-based data feeds from source systems |
| Prebuilt / certified ERP connectivityPlatform & Integrations | Partial SAP-certified (powered by SAP HANA); no other ERP connector documented | Core strength NetSuite SuiteApp, SAP S/4HANA, D365 BC, Sage Intacct, Oracle, Workday, QuickBooks, Xero |
| Role-based access controlsPlatform & Integrations | Not evidenced | Supported Role-based assignment of individual or collective close tasks |
| Close checklist & task templatesClose Task Management | Supported Process-driven close workflows with task tracking | Core strength Close checklist and task management with dependencies |
| Task dependencies & sequencingClose Task Management | Supported | Core strength |
| Sign-off / certification workflowClose Task Management | Supported Configurable approval and sign-off steps | Core strength Review and sign-off workflows |
| Supporting documentation & evidence attachmentClose Task Management | Supported Complete audit trail and data governance | Core strength Centralized audit trail and evidence linkage for auditors |
| Multi-way transaction matchingAccount Reconciliation | Supported Intercompany and transaction matching | Core strength AI-powered transaction matching across GL and subledger detail |
| Direct journal entry posting to the ERPJournal Entry Automation | Not evidenced | Partial API feeds pull ERP data; explicit JE-posting-back not documented |
| Multi-entity, multi-currency consolidationConsolidation & Intercompany | Core strength Multi-currency/multi-entity consolidation; unlimited entity hierarchies | Supported Multi-entity consolidation support |
| Account-level flux / variance analysisVariance & Flux Analysis | Supported Expert AI for anomaly detection, variance explanation, TB mapping | Core strength AI-assisted variance and flux analysis |
| Financial statement / management reportingReporting & Disclosure | Core strength Financial reporting and management dashboards | Supported Financial statement risk management with narratives/flowcharts |
| Close status dashboards & KPIsReporting & Disclosure | Supported Reconciliation progress and audit-report dashboards | Core strength High-level dashboard for close progress visibility |
| Statutory / local tax reportingTax Provision & Compliance | Partial Local statutory compliance covers reporting, not a dedicated tax workflow | Not evidenced |
| AI-driven anomaly detectionAI, Analytics & Monitoring | Core strength Expert AI for anomaly detection, variance explanation, TB mapping | Supported Risk assessment, scoring and risk heatmaps; AI-assisted controls testing |
| Immutable audit trailPlatform & Integrations | Supported Complete audit trail and data governance | Core strength Centralized audit trail and evidence linkage for external auditors |
Both grade identically on the other 14 capabilities — see each product's full profile: CCH Tagetik, FloQast.
CCH Tagetik vs FloQast — FAQs
Is CCH Tagetik or FloQast better for ERP integration?
Both state integrations with SAP. FloQast additionally lists NetSuite, Microsoft Dynamics 365, Sage Intacct, Oracle Fusion Cloud, Workday, QuickBooks, Xero. Always verify the connector against your ERP version with a reference customer.
Which is cheaper, CCH Tagetik or FloQast?
Neither publishes a list price — both quote. Ask each for the all-in first-year cost at your seat count, as one number, and compare those.
Get pricing for both
Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what CCH Tagetik and FloQast should each cost you — and whether a third option belongs on your shortlist.