Overview

FloQast offers Financial Close Management Software that helps accounting teams automate and streamline the financial close process at the end of a fiscal period. The cloud-based solution integrates with existing ERP systems and Excel, allowing for automated reconciliations and organized financial documentation for audits. Unlike competitors, FloQast can be fully implemented and trained within two weeks, making it a quicker option for clients. The company's goal is to enhance the efficiency and accuracy of financial reporting, reducing the workload for accounting teams.

Simplify's Take

What believers are saying

• FloQast's integration with Xero expands its reach in the APAC region.
• Winning the BIG Innovation Award highlights FloQast's industry leadership.
• FloQast's consistent top ranking in G2's Grid Report boosts its market credibility.

What critics are saying

• Emerging fintech startups could erode FloQast's market share.
• Reliance on cloud services poses risks if disruptions or breaches occur.
• Integration challenges with Xero could arise if platform changes are incompatible.

What makes Floqast unique

• FloQast integrates seamlessly with major ERP systems like QuickBooks and SAP.
• The software offers built-in flux analysis for identifying significant financial data changes.
• FloQast's cloud-based solution allows quick implementation, typically within two weeks.

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Funding

Total Funding

$294.6M

Meets

Industry Average

Funded Over

7 Rounds

Notable Investors:

Insight Partners

Notable Investors:

Insight Partners

$100,000,000

Series E

Apr 2024

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Meet Average

Industry standards

Ind Avg. $100M

$30M

$100M

$245M

$250M

$1250M

$1500M

View all funding stages