FloQast
FloQast is an AI-powered accounting transformation platform founded in 2013 that automates financial close, compliance, and record-to-report workflows for 3,500+ global enterprise and mid-market accounting teams via AI Agents built on Anthropic's Claude 3.
- Company typePrivate
- Founded2013
- HeadquartersLos Angeles, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What FloQast does
FloQast is a private US software company founded in 2013 in Los Angeles by CPAs (including CEO Mike Whitmire) that sells an AI-powered Accounting Transformation Platform to enterprise and mid-market accounting teams. The platform is organized around five pillars — Optimize the Close, Automate the Close, Connected Compliance, Integrated Record-to-Report, and Transform AI Agents — and serves 3,500+ global customers across software, retail, media, financial services, healthcare, sports, and nonprofits (including Twilio, Zoom, DoorDash, Chipotle, Lululemon, Okta, Shopify, Roblox, the Los Angeles Lakers, and MLB). The core technology combines AI Agents built on Anthropic's Claude 3 large language models deployed via Amazon Bedrock, ISO 42001-certified ethical and auditable AI practices, and native integrations with six major ERPs (NetSuite, Sage Intacct, Microsoft Dynamics 365, SAP, Xero, Workday) plus connectors to Trovata and Workiva.
The product automates month-end close workflows including reconciliations, AI transaction matching, variance analysis, anomaly detection, journal entries, request/inbox automation, and audit evidence collection. Its FloQast Request Agent claims to drive up to 40% automation across close tasks, and the company reports that customers achieve a 38% reduction in reconciliation time, 23% reduction in audit time, 20% reduction in auditor discrepancies, 39% increase in close-data accuracy, 20% reduction in monthly close cycle, and 27 hours saved per month on average.
FloQast operates a sales-led, enterprise-focused go-to-market with a "Get a Demo" funnel, complemented by a deep global partner ecosystem of Big Four and large advisory firms (EY, Deloitte Australia, PwC Belgium, RSM US, Forvis Mazars Germany, CFGI, Riveron, Uniqus) that resell and implement the platform alongside finance-transformation engagements. The company supplements direct sales with content marketing, FloQademy community training, the FloQast Certified Accountant (FCA) certification program, an annual user conference (TakeControl), and partner co-marketing. Pricing is quote-based and not publicly disclosed; third-party buying guides suggest $149/month starter bundles up to $35,000+ implementation costs in the AI accounting software category. The company has raised approximately $303M across multiple venture rounds (most recently a ~$100M round led by ICONIQ Growth in April 2024), surpassed $200M in ARR in January 2026, and now operates from Los Angeles, London, Sydney, Munich, and Berlin.
FloQast firmographics
Firmographics- Name
- FloQast
- Legal name
- FloQast, Inc.
- Website
- https://floqast.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- FloQast is an AI-powered accounting transformation platform founded in 2013 that automates financial close, compliance, and record-to-report workflows for 3,500+ global enterprise and mid-market accounting teams via AI Agents built on Anthropic's Claude 3.
- Ownership category
- akta.pro rank
FloQast industry classification
Industry- Product category
- Financial Close Management Software
- NAICS
- Software Publishers (513210), Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC)
- akta.pro secondary industries
- End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA), SME Accounting, Bookkeeping & Close Automation (FSAGAJAH)
Keywords
Where FloQast is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
FloQast business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription / SaaS: Primary revenue stream based on subscription/SaaS licensing for the FloQast Accounting Transformation Platform. Crossed $200M in Annual Recurring Revenue (ARR) by January 2026, driven by upmarket growth and enterprise adoption. Includes tiered access across Optimize the Close, Automate the Close, Connected Compliance, Integrated Record-to-Report, and Transform AI Agents modules.
- Professional Services via Strategic Alliances: Implementation, consulting, and finance-transformation services delivered jointly with Big Four and large advisory partners (EY, Deloitte Australia, PwC Belgium, RSM, Riveron, Uniqus, CFGI, Forvis Mazars Germany). Customers access FloQast deployment expertise through these partner-led engagements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Starter bundles starting around $149/month with implementation costs up to $35,000+ |
Go-to-market motion5 records
Distribution channels5 records
Marketing channels9 records
FloQast product offering
Product offeringCore offering
FloQast sells an AI-powered Accounting Transformation Platform delivered as subscription SaaS to enterprise and mid-market accounting teams. The platform unifies financial close management, automated reconciliations, compliance/audit evidence collection, and record-to-report workflows into five solution pillars (Optimize the Close, Automate the Close, Connected Compliance, Integrated Record-to-Report, and Transform AI Agents), with auditable AI Agents for transaction matching, variance analysis, anomaly detection, and inbox/email automation built on Anthropic's Claude 3 models via Amazon Bedrock.
Product overview
FloQast offers the FloQast Accounting Transformation Platform, a unified AI-powered platform organized around five solution pillars — Optimize the Close, Automate the Close, Connected Compliance, Integrated Record-to-Report, and Transform AI Agents. The platform bundles sub-products and modules including Global Month End Close, Accounting & Finance Operations, AI Anomaly Detection, Automated Reconciliations, AI Transaction Matching, Journal Entry Management, FloQast Request Agent, Close Analytics, Automated Evidence Collection, Enterprise Risk Management, AI Testing, AI Variance Analysis, Intercompany, and Consolidation, while the FloQast Transform AI Agents (Auditable AI Agents) and FloQast Ops power natural-language workflow automation. Together these modules standardize, centralize, and automate the accounting close, compliance, and record-to-report cycle for over 3,500 global accounting teams, including customers such as Twilio, Zoom, the Los Angeles Lakers, Chipotle, DoorDash, and Okta.
Differentiator
Problem solved
Functional benefit
Brands
- FloQast Ops: An earlier FloQast product offering focused on operations.
- FloQast Transform
- Accounting Transformation Platform
- FloQast Certified Accountant (FCA)
- FloQademy
Products and services
- FloQast Accounting Transformation Platform Unified AI-powered subscription platform for enterprise and mid-market accounting teams that consolidates close, compliance, and record-to-report modules into a single audit-ready environment.
- Optimize the Close Solution pillar for standardizing, centralizing, and gaining global visibility over accounting operations, including the global month-end close and AI Anomaly Detection.
- Automate the Close Solution pillar delivering end-to-end transformation of accounting workflows via automated reconciliations, AI transaction matching, journal entry management, inbox automation, and close analytics.
- Connected Compliance Solution pillar for mitigating enterprise risk, automating evidence collection, and adhering to compliance frameworks via automated evidence collection, enterprise risk management, and AI testing.
- Integrated Record-to-Report Solution pillar for maintaining accuracy, accelerating reporting, and consolidating systems via AI variance analysis, intercompany workflows, and financial consolidation.
- Transform AI Agents Auditable AI agent product line that enables accountants to automate reconciliations, evidence collection, email workflows, and variance explanations using natural language; backed by the AI Agents Demo Library and built on Anthropic Claude 3.
- FloQast Certified Accountant (FCA) Certification program for accountants that validates operational accounting skills and proficiency with FloQast's AI-powered platform.
- FloQast Ops Sub-product offering that helps accountants automate manual operational workflows as part of FloQast's broader accounting transformation platform.
Quantifiable outcome
- 38% reduction in reconciliation time
- +8 more outcomes
Companies that use FloQast
Customer profileNamed customers43 records
Segments1 record
Ideal customer profiles2 records
FloQast technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability7 records
Feature8 records
FloQast partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered flagship, core and minor.
- Forvis Mazars GermanyflagshipStrategic partnership announced May 12, 2026, to deliver AI-powered accounting automation across the DACH region. Combines FloQast's Accounting Transformation Platform with Forvis Mazars Germany's process-design expertise, targeting the Record-to-Report cycle and using FloQast AI Agents to automate Close Management and Compliance. Forms a key pillar of DACH regional expansion after the April 2026 Berlin hub opening.
- EY (Ernst & Young)flagshipStrategic alliance where Big Four advisory teams will deploy FloQast's platform with clients on finance modernization and global compliance programmes. Announced alongside the $200M ARR milestone.
- WorkivaflagshipPartnership offering a joint beginning-to-end connected reporting and compliance solution for high-growth private and public companies. Integration connects FloQast's month-end close data with the Workiva platform, with a bilateral referral agreement.
- RSM US LLPcoreStrategic alliance to integrate AI automation in accounting workflows, targeting clients across the U.S. and Canada. Aims to modernize financial processes, enhance accuracy, and increase operational efficiency for enterprise and mid-market organizations.
- TrovatacorePartnership to integrate Trovata's corporate banking connectivity into the FloQast Platform. Automates bank transaction uploads and account reconciliation processes, reducing manual effort and improving data accuracy.
- Deloitte AustraliaflagshipStrategic alliance to enhance financial transformation services by integrating FloQast's AI platform with Deloitte Australia's expertise. Collaboration streamlines financial close processes and increases efficiency across multiple industries using AI-driven automation.
- PwC BelgiumflagshipStrategic partnership with PwC and PwC Belgium to transform financial close processes for clients using FloQast's Accounting Transformation Platform.
- Anthropic (Claude 3 on Amazon Bedrock)flagshipFloQast built its AI-powered accounting transformation solution on Anthropic's Claude 3 large language models deployed via Amazon Bedrock, automating reconciliation and integrating complex transaction matching.
- XerocoreFloQast Xero integration enhances financial efficiency across APAC, supporting Xero as a connected ERP source for the FloQast platform.
- CFGIflagshipPartnership to expand financial transformation services into the Asia-Pacific region, combining FloQast's Accounting Transformation Platform with CFGI's expertise in finance transformation, regulatory environments, and industry-specific challenges. The two companies already have 350 shared customers and have been working together since 2018, previously in North America, the DACH region, and the UK.
- RiveroncoreAlliance to transform accounting workflows together, with Riveron deploying FloQast to clients as part of finance transformation engagements.
- Amazon Web Services (AWS)flagshipFloQast achieved AWS Small and Medium Business Competency status and runs its AI infrastructure on Amazon Bedrock. AWS is also a go-to-market partner on FloQast's website.
- Uniqus ConsultechcoreStrategic alliance for finance and accounting transformation, with Uniqus deploying FloQast across client engagements.
- Big Brothers Big Sisters of Greater Los Angeles (BBBSLA)minorFloQast is a community partner with BBBSLA, organizing fundraising events and FloQaster mentorship for at-risk youth in the greater Los Angeles area.
- Human-I-TminorFloQast IT partnered with Human-I-T to donate end-of-life laptops, desktops, and other technology peripherals, keeping hundreds of devices out of landfills (more than 647 pounds of equipment donated since the partnership began).
Scale indicators8 records
Recent moves9 records
Expansion highlights7 records
FloQast competitors and assessment
Company assessmentDirect peers
- Vena Solutions: Vena provides native-excel financial planning, close, and reporting software used by accounting teams, overlapping with FloQast's close management offerings for the mid-market and competing for adjacent budgeting workflows.
- BlackLine: BlackLine is the closest direct competitor in cloud financial close management, offering account reconciliations, journal entry management, and intercompany accounting. It competes head-to-head with FloQast across Optimize the Close and Automate the Close pillars for the same enterprise controller buyer.
- Workiva: Workiva offers a connected reporting and compliance platform that overlaps with FloQast's Connected Compliance and Integrated Record-to-Report modules. FloQast and Workiva also maintain a bilateral integration and referral agreement, making Workiva both a partner and a competing platform for the controller/CFO buyer.
- Trintech: Trintech provides financial close automation including Cadency and Adra, competing directly with FloQast on reconciliation, close management, and intercompany matching for mid-market and enterprise accounting teams.
- OneStream Software: OneStream offers a unified corporate performance management (CPM) platform that includes financial close, consolidation, and reporting — directly overlapping with FloQast's Integrated Record-to-Report pillar and competing for the same office of the CFO budget.
- Prophix: Prophix delivers CPM software spanning budgeting, financial close, and reporting for mid-market and enterprise finance teams. It competes with FloQast on close-plus-CPM consolidation plays and increasingly on AI-assisted workflows.
Broad incumbents
- Anaplan: Anaplan is a large connected planning platform that extends into financial close and record-to-report scenarios. It competes with FloQast at the higher end of CPM where finance transformation teams want a unified planning-plus-close stack.
- Sage Intacct: Sage Intacct is a cloud ERP with built-in close, reconciliation, and reporting functionality that FloQast integrates with. As Sage deepens native close capabilities and AI features, Intacct becomes both a source of customer data and a competing workflow owner.
- NetSuite (Oracle): Oracle NetSuite is a leading cloud ERP with increasingly sophisticated close, consolidation, and AI-driven accounting features. It is simultaneously FloQast's largest ERP integration partner and a competitive incumbent for end-to-end R2R workflows.
Emerging players
- HighRadius: HighRadius provides AI-powered order-to-cash and treasury automation that overlaps with the Order-to-Cash and bank reconciliation edges of FloQast's platform, and increasingly targets the same AI-for-finance buyer in large enterprises.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
FloQast social profiles
Digital presenceFloQast compliance and trust
Trust signalCompliance3 records
FloQast financial estimates
Financial estimateRevenue estimate
Valuation estimate
FloQast leadership team
Management profileNumber of profiles
Profiles11 records
FloQast subsidiaries and ownership
Company hierarchySubsidiaries1 record
FloQast funding detail
Funding detailFunding overview
Funding rounds8 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FloQast M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FloQast
What does FloQast do?
FloQast sells an AI-powered Accounting Transformation Platform delivered as subscription SaaS to enterprise and mid-market accounting teams. The platform unifies financial close management, automated reconciliations, compliance/audit evidence collection, and record-to-report workflows into five solution pillars (Optimize the Close, Automate the Close, Connected Compliance, Integrated Record-to-Report, and Transform AI Agents), with auditable AI Agents for transaction matching, variance analysis, anomaly detection, and inbox/email automation built on Anthropic's Claude 3 models via Amazon Bedrock.
Is FloQast a public or private company?
FloQast is a private company. It is classified as venture growth investor backed and is currently operating.
When was FloQast founded?
FloQast was founded in 2013. It employs 501 to 1,000 people.
Where is FloQast based?
FloQast is headquartered in Los Angeles, United States, in the North America region.
How does FloQast make money?
Two revenue lines are on record. Subscription / SaaS are the primary driver. The others are professional Services via Strategic Alliances.
Who are FloQast's main competitors?
Direct peers on record are Vena Solutions, BlackLine, Workiva, Trintech, OneStream Software and Prophix. Broad incumbents are Anaplan, Sage Intacct and NetSuite (Oracle). HighRadius is listed as an emerging player.
Does FloQast have an API?
No public API is recorded for FloQast.
What industry is FloQast in?
FloQast's product category is Financial Close Management Software. Its primary akta.pro industry code is BPAAAGAC, General Ledger & Close (Journal Entries, Month-End Close, Reconciliations), with a secondary code of HDAEANAA, End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management). Its NAICS code is 513210 and its SIC code is 7372.