FloQast

by FloQast, Inc. · Financial Close & Consolidation

Close management platform for accounting teams, with AI reconciliation and SOX controls.

Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.

Works with: NetSuiteSAP S/4HANAMicrosoft Dynamics 365 Business CentralSage IntacctOracleWorkdayQuickBooksXero
Deployment: Cloud
Company size: Mid-market, Enterprise
Pricing: Quote-based
Founded: 2013
Headquarters: Los Angeles, United States

Overview

FloQast is a close management and compliance platform built for corporate accounting teams, founded in 2013 by CPAs Mike Whitmire and Chris Sluty. It layers over a company's existing ERP and Excel workbooks to organize the month-end close into checklists, automate account reconciliations, and manage SOX and related compliance work from one place.

The product is organized around close orchestration (task assignment, sign-offs, real-time collaboration, dashboards), automated reconciliations under the AutoRec brand (AI transaction matching, amortization/depreciation calculation, balance tie-outs), journal entry and variance workflows, and a Connected Compliance module that centralizes SOX control evidence collection, risk scoring, and controls testing across multiple frameworks. FloQast has more recently added configurable, no-code AI agents for tasks such as data consolidation, lease and debt schedules, and commission calculations.

FloQast reports serving 2,600+ accounting teams globally, including Twilio, Zoom, Snowflake, Instacart, HubSpot and PulteGroup, and holds SOC 2 Type II, ISO 27001 and ISO 27701 certifications alongside an early ISO 42001 AI-governance certification.

Screenshots & demo

Demo video from the vendor's YouTube channel.

Features & capabilities

Close Management & Task Orchestration

Checklist-driven organization of the month-end close.

Close checklist and task management with dependencies
Role-based assignment of individual or collective close tasks
Real-time in-app chat and messaging linked to each task
Automated delay flagging and stakeholder notifications
Close calendar with milestone tracking
High-level dashboard for close progress visibility
Centralized, cloud-based document repository
Review and sign-off workflows

Automated Reconciliations (AutoRec)

AI-assisted matching and tie-out of account reconciliations.

AI-powered transaction matching across GL and subledger detail
Automatic amortization and depreciation schedule calculation
Balance tie-outs even when subledger balances fail to reconcile
Matches thousands of transactions at once
API-based data feeds from source systems
Full account reconciliation workpapers generated in Excel
Out-of-the-box matching on the majority of transactions

Connected Compliance & SOX Controls

Centralized management of SOX and related compliance frameworks.

Automated control evidence collection linked to close workflows
Risk assessment, scoring and risk heatmaps
AI-assisted controls testing
Multi-framework control mapping (SOX, SOC 2, ISO, GDPR) to cut duplicate testing
Financial statement risk management with narratives and flowcharts
Centralized audit trail and evidence linkage for external auditors

Journal Entry & Variance Management

Automation for journal entries and flux analysis.

Automated journal entry drafting
Journal entry review and approval routing
AI-assisted variance and flux analysis
Multi-entity consolidation support

AI Agents

Configurable, no-code AI agents for recurring accounting tasks.

No-code configuration of AI agents for accounting workflows
Prebuilt agents for data consolidation, lease accounting and debt schedules
Agents for bill processing, cash burn tracking and commission calculations
Explainable AI outputs with a retained audit trail
Human-in-the-loop review before agent output is finalized

Common use cases

Standardizing and centralizing the month-end close checklist across a multi-entity accounting team
Automating reconciliation of high-volume subledger accounts such as prepaid expenses and deferred revenue against the GL
Centralizing SOX control evidence collection tied directly to close tasks ahead of an external audit
Reducing duplicate control testing by mapping one control to multiple compliance frameworks such as SOX, SOC 2 and ISO
Connecting NetSuite, SAP S/4HANA or Dynamics 365 Business Central to Excel-based reconciliation workpapers without custom scripting
Giving external auditors read-only access to close evidence and sign-offs to shorten the annual audit
Automating repetitive journal entries and flux/variance analysis during close

Strengths & considerations

Strengths

Built for NetSuite verified SuiteApp and an SAP-certified integration (built on SAP Business Technology Platform) for S/4HANA, rather than third-party middleware
Combines close management, automated reconciliation (AutoRec) and SOX/compliance (Connected Compliance) on one platform instead of separate point tools
Founded and led by CPAs (Mike Whitmire, Chris Sluty), positioned around how accounting teams already work in Excel rather than replacing it
Holds ISO 42001 AI-governance certification alongside SOC 2 Type II, ISO 27001 and ISO 27701
Reports automating 65%+ of controls in real time for customers who combine the Close and Connected Compliance modules

Considerations

Pricing is not published and requires a sales demo, driven by modules selected, close/reconciliation volume and team size
Third-party implementation reviews note that checklist-driven close can add overhead for organizations with very large numbers of legal entities, positioning FloQast most strongly for mid-market rather than the most complex enterprise structures

ERP integrations

NetSuiteMarketplace →

Prebuilt connectorERP -> productBuilt for NetSuite verified SuiteApp

Connects via native NetSuite APIs (not third-party middleware) to pull trial balance data for reconciliations

SAP S/4HANAMarketplace →

Prebuilt connectorERP -> productSAP-certified, built on SAP Business Technology Platform using SAP Integration Suite

Also connects to SAP S/4HANA Private Cloud and SAP ECC; GL trial balances flow into FloQast for reconciliation

Microsoft Dynamics 365 Business CentralMarketplace →

Prebuilt connectorERP -> productMicrosoft-certified direct API integration

Also supports Dynamics GP, AX and NAV via FloQast Connect

Sage Intacct