FloQast vs Finance Automation by Redwood
financial close & consolidation head-to-head for ERP teams: evidenced capabilities, published pricing, and which ERPs each actually integrates with.
| Starting price | Annual subscription, quote-based by accounting-team size | Quote-based |
| Deployment | Cloud | Cloud |
| Company size | Mid-market, Enterprise | — |
| Stated ERP integrations | NetSuite, SAP, Microsoft Dynamics 365, Sage Intacct, Oracle Fusion Cloud, Workday, QuickBooks, Xero | SAP, Oracle Fusion Cloud |
| Vendor | FloQast, Inc. | Redwood Software |
Our take
Where FloQast leads
- Stronger evidenced coverage on 14 of the 18 capabilities where they differ (led by sox / internal controls tracking and account-level flux / variance analysis).
- Stated NetSuite, Microsoft Dynamics 365, Sage Intacct, Workday, QuickBooks, Xero integration the alternative doesn't list.
Where Finance Automation by Redwood leads
- Stronger evidenced coverage on 4 of the 18 capabilities where they differ (led by intercompany matching & netting/settlement and journal entry risk scoring / anomaly detection).
Where they differ
The 18 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 | ||
|---|---|---|
| SOX / internal controls trackingClose Task Management | Core strength Multi-framework control mapping (SOX, SOC 2, ISO, GDPR) | Not evidenced |
| Intercompany matching & netting/settlementConsolidation & Intercompany | Not evidenced | Core strength Intercompany transaction matching and settlement |
| Account-level flux / variance analysisVariance & Flux Analysis | Core strength AI-assisted variance and flux analysis | Not evidenced |
| AI copilot / agentic automationAI, Analytics & Monitoring | Core strength No-code configuration of AI agents; prebuilt agents for close workflows | Not evidenced |
| Recurring reconciliation templatesAccount Reconciliation | Supported Out-of-the-box matching on the majority of transactions | Not evidenced |
| High-volume matching (bank, card, POS, payroll)Account Reconciliation | Supported Matches thousands of transactions at once | Not evidenced |
| Journal entry risk scoring / anomaly detectionJournal Entry Automation | Not evidenced | Supported Posting-failure and validator-status tracking |
| Multi-entity, multi-currency consolidationConsolidation & Intercompany | Supported Multi-entity consolidation support | Not evidenced |
| Automated variance flagging against thresholdsVariance & Flux Analysis | Supported Risk assessment, scoring and risk heatmaps | Not evidenced |
| Financial statement / management reportingReporting & Disclosure | Supported Financial statement risk management with narratives/flowcharts | Not evidenced |
| AI-driven anomaly detectionAI, Analytics & Monitoring | Supported Risk assessment, scoring and risk heatmaps; AI-assisted controls testing | Not evidenced |
| Public API for custom integrationsPlatform & Integrations | Supported API-based data feeds from source systems | Not evidenced |
| Close calendar & milestone trackingClose Task Management | Core strength Close calendar with milestone tracking | Supported SLA-based start/deadline timing per task |
| Supporting documentation & evidence attachmentClose Task Management | Core strength Centralized audit trail and evidence linkage for auditors | Supported Close dashboard and audit trail; full audit log per review |
| Multi-way transaction matchingAccount Reconciliation | Core strength AI-powered transaction matching across GL and subledger detail | Supported Intercompany transaction matching and settlement |
| Unmatched item aging & resolution workflowAccount Reconciliation | Supported Matches thousands of transactions at once | Core strength Auto-reason coding for unmatched line items; aging breakdown tables |
| Automated journal entry creationJournal Entry Automation | Core strength Automated journal entry drafting | Supported Manual and templated journal entry upload |
| Direct journal entry posting to the ERPJournal Entry Automation | Partial API feeds pull ERP data; explicit JE-posting-back not documented | Supported SAP-certified partner; posts JEs into SAP |
Both grade identically on the other 32 capabilities — see each product's full profile: FloQast, Finance Automation by Redwood.
FloQast vs Finance Automation by Redwood — FAQs
Is FloQast or Finance Automation by Redwood better for ERP integration?
Both state integrations with SAP, Oracle Fusion Cloud. FloQast additionally lists NetSuite, Microsoft Dynamics 365, Sage Intacct, Workday, QuickBooks, Xero. Always verify the connector against your ERP version with a reference customer.
Which is cheaper, FloQast or Finance Automation by Redwood?
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 FloQast and Finance Automation by Redwood should each cost you — and whether a third option belongs on your shortlist.