FloQast

Financial Close Automation Software AP/AR & Spend Automation

Independent assessment. dilynx earns no placement fees. Support levels are editorial judgments traced to sources — commercial relationships never influence them.

Founded: 2013HQ: Los Angeles, CA, USAFunding: Private ($1.2B+ valuation)Pricing: Annual subscription

Supported capabilities evidence-backed

Capability	Support	Basis (sourced)	Source
SOX Controls & Audit Readiness	strongmedium	[close] "reviewer certification workflow creates a complete, timestamped audit trail of every close task"	FinanceCopilotHQ
Financial Close Management	strongmedium	[close] "the dominant close management platform in the mid-market ... purpose-built for the close"	FinanceCopilotHQ
Variance / Flux Analysis	strongmedium	[close] "the 2025 release of FloQast's AI-powered flux analysis significantly reduced the time finance teams spend expla	FinanceCopilotHQ
ERP & Data Integration	moderatemedium	[recon] "connects natively to NetSuite, Sage Intacct, QuickBooks Online, Microsoft Dynamics 365 ... For SAP environments, int	FinanceCopilotHQ
Account Reconciliation	moderatemedium	[close] "reconciliation engine supports automated matching against bank statements, sub-ledgers, and third-party data sources	FinanceCopilotHQ · FinanceCopilotHQ
Intercompany Reconciliation & Elimination	limitedmedium	[close] "multi-entity consolidation capabilities, while improved, are not at the same level as BlackLine or Trintech for very	FinanceCopilotHQ
Transaction Matching	limitedmedium	[recon] "Transaction-level matching is less granular than BlackLine or HighRadius for high-volume transaction environments&qu	FinanceCopilotHQ

Best-fit segments

Mid Market

Contraindications

None recorded

What the AI does

AI-assisted close checklist, automated reconciliation, intelligent task assignment, AI flux analysis

Implementation strengths

Purpose-built for accountants, fast deployment, high user satisfaction, accountant-friendly UI

Watch-outs

Less comprehensive than BlackLine, limited enterprise scalability, fewer advanced analytics

Competing vendors

BlackLine Numeric Trintech (Cadency)Adra by Trintech Planful Workiva BILL Holdings, Inc.Tipalti, Inc.Coupa Software (acquired by Thoma Bravo)Airbase (acquired by Paylocity, 2024)Stampli Vic.ai

Research sources

Best Account Reconciliation Software in 2026 FinanceCopilotHQ
Best Financial Close Automation Software in 2026 FinanceCopilotHQ
Finance Copilot HQ Vendor Database v1 FinanceCopilotHQ

7 cited claims. Every claim links to its source — nothing here is unsourced, and none of it is influenced by commercial relationships. See where this vendor fits →