F

Floqast

Cloud-based close management software for reconciliation

Overview

FloQast provides a cloud-based financial close management platform for mid-sized to large enterprises. It helps accounting teams streamline and automate the close process by connecting to ERP systems and Excel workbooks to automate reconciliations, validate general ledger balances, and organize documents for audits. Built-in flux analysis helps explain material changes in financial data. The product is delivered via a subscription model and is designed to be quick to implement, with full setup and training possible within two weeks. FloQast differentiates itself through tight ERP/Excel integration, a focus on collaborative, auditable closing workflows, and features that simplify reconciliation and audit preparation. The goal is to make the financial close faster, more accurate, and easier to audit, reducing manual effort for accounting teams.

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About Floqast

Simplify's Rating
Why Floqast is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareFintechFinancial Services

Company Size

501-1,000

Company Stage

Series E

Total Funding

$302.9M

Headquarters

Los Angeles, CA

Founded

2013

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Simplify's take

What believers are saying

  • September 2026 TakeControl launched Detect, Operational Audit, and COSO-compliant AI governance.
  • FloQast claims over 3,500 global teams and over 3,000 successful implementations by October 2026.
  • October 2026 PwC UK expanded finance managed services, proving enterprise demand for outsourced close automation.

What critics are saying

  • BlackLine, Trintech, Workiva, and SAP pressure pricing and enterprise deal cycles in 2026.
  • Partner-led distribution hands PwC and RSM customer control, weakening FloQast's direct brand.
  • If AI outputs fail audit scrutiny, accounting teams abandon autonomous workflows and revert to spreadsheets.

What makes Floqast unique

  • FloQast owns accountant-built workflows, now extended into auditable agentic AI.
  • PwC UK and RSM embed FloQast inside delivery, not just implementations.
  • COSO Chair Lucia Wind joined September 2026, strengthening governance credibility with auditors.

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Funding

Total Funding

$302.9M

Meets

Industry Average

Funded Over

8 Rounds

Notable Investors:
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

$100M
$245M
$250M
$1.3B
$1.5B

Benefits

  • Unlimited PTO
  • Company-Wide Social Events
  • Cold Brew/Nitro On Tap
  • Generous Paid Parental Leave
  • Competitive Compensation
  • 401k (No Matching)
  • Unlimited Snacks and Drinks
  • Family Forming Support, Benefits & Reimbursement
  • Pet Care Discount Program
  • Stock Options
  • Education Reimbursement
  • Medical, Dental, Vision (100% paid)

Growth & Insights and Company News

6 month growth

1%

1 year growth

0%

2 year growth

2%
FF News
Oct 26th, 2026
PwC UK and FloQast expand Partnership to launch AI-Powered Finance Managed Services.

PwC UK and FloQast expand Partnership to launch AI-Powered Finance Managed Services. FloQast and PwC UK have expanded their partnership to provide a fully outsourced, technology-enabled finance function for UK organisations. By integrating FloQast's autonomous accounting platform into PwC's Finance Managed Services, the collaboration aims to solve accounting talent shortages and fragmented close processes through AI-powered automation and real-time visibility. What was announced. The expansion of this Strategic Consulting Partnership marks a shift in how PwC UK engages with FloQast. While the firm previously acted as a consulting and integration partner, it will now actively use the FloQast platform to deliver its Finance Managed Services (FMS) solutions. This allows PwC UK's FMS teams to run a client's finance function directly within the platform, automating critical tasks such as the month-end close, account reconciliations, and general accounting operations. The service is designed for CFOs, finance directors, and controllers who are currently navigating a difficult hiring market and the complexities of hybrid work. By moving away from fragmented, spreadsheet-heavy processes, the partnership offers a permanent digital audit trail and real-time insight into the close process. Key features of the offering include rapid deployment, with a pre-defined tech stack intended to deliver value in weeks rather than months. It also addresses "key person risk" by removing the reliance on manual spreadsheets and specific individuals within a finance team. Furthermore, the managed service model allows businesses to scale their service levels up or down with PwC UK without the need for direct hiring or staff retention efforts. "PwC UK's managed services, powered by FloQast's autonomous accounting platform, go beyond traditional business process outsourcing to enable organisations to build scalable, resilient finance functions for the most complex close challenges. Together, we combine world-class accounting talent and AI-powered technology to empower finance leaders to reduce compliance burden, stay audit-ready and optimise accuracy and efficiency." Adam Zoucha, Chief Revenue Officer at FloQast "Finance leaders are under increasing pressure to provide higher-quality information faster. Embedding FloQast in our finance managed services offering gives our clients a new option to transform their period end through AI-enabled delivery, at pace." Tony Price, Partner, PwC UK Finance Managed Services Leader The companies involved. FloQast is an accounting workflow automation platform designed to streamline the month-end close and improve financial accuracy. The company focuses on "autonomous accounting," using AI to handle repetitive tasks and compliance activities. It has established itself as a significant player in the fintech space, particularly for organisations looking to modernise their back-office operations through automation rather than manual oversight. To date, the company has been the subject of eight reports by FF News. PwC UK is a member of the global PwC network, providing professional services across audit, tax, and consulting. In the context of this partnership, the firm is leveraging its Finance Managed Services (FMS) division to provide operational support to clients. This move beyond traditional consulting suggests a deeper integration into the day-to-day technology stacks of its clients. PwC UK has a history of partnering with fintech providers to modernise midmarket and enterprise finance functions, often focusing on digital transformation and the implementation of AI-driven tools to meet increasing regulatory and reporting pressures. What FF News has reported before. FF News has tracked the evolving relationship between these two entities, notably when Huel Accelerates Month-End Close by Two Days Following FloQast and PwC UK Finance Transformation, demonstrating the practical application of their combined expertise. PwC UK has been active in broader finance transformation, as seen when Prophix and PwC UK Partner to Drive AI-Powered Finance Transformation for Midmarket Firms. FloQast has also been expanding its footprint through similar international alliances, recently documented when FloQast and Forvis Mazars Germany Announce Strategic Partnership to Transform Accounting Automation. Additionally, PwC UK's wider economic influence was highlighted in the Barclays and PwC Report: Tokenisation Could Inject £33bn into UK Economy by 2035. What this means. This announcement signals a significant shift in the professional services market, where the "Big Four" are increasingly moving from advisory roles into active operational management via third-party software. By embedding FloQast into its managed services, PwC UK is directly challenging traditional Business Process Outsourcing (BPO) providers who may still rely on manual labor or legacy systems. The move highlights a growing industry consensus that AI-powered automation is no longer just a tool for internal teams, but the foundation for external service delivery. It raises questions for the sector about the future of tech-agnostic consulting, as firms become more deeply wedded to specific platform ecosystems to drive their own operational efficiencies. Featured speakers.

CFO South Africa
Oct 13th, 2026
PwC and FloQast join the Finance Indaba as Gold partners.

PwC and FloQast join the Finance Indaba as Gold partners. PwC and FloQast join the Finance Indaba as Gold partners, bringing their expertise in professional services and accounting technology to an event connecting more than 4,500 finance professionals and industry leaders. PwC helps clients build trust and reinvent so they can turn complexity into competitive advantage. They're a tech-forward, people-empowered network with more than 360,000 people in more than 130 countries and territories. Across advisory, assurance, and tax and legal services, PwC helps clients build, accelerate, and sustain momentum. FloQast is an AI-powered financial close and accounting operations platform built by accountants, for accountants. It helps finance teams improve the efficiency, accuracy, and transparency of critical close processes while supporting broader finance transformation initiatives. By automating manual activities and streamlining workflows, FloQast enables finance professionals to manage their time more effectively, simplify their work, and strengthen their role as strategic business partners supporting better financial decision-making and organisational performance. Together, PwC and FloQast bring a powerful combination of finance transformation expertise, industry insight, and innovative technology to the Finance Indaba as Gold partners. Don't miss the opportunity to engage with PwC and FloQast at the Finance Indaba, where more than 4,500 finance professionals and industry leaders will gather for a day of learning, networking, fresh ideas, and valuable conversations. The full-day event will feature live demos, pitches, exhibitors from across the industry, and insights from leading CFOs, alongside multiple sessions led by top speakers. Sinenhlanhla Mncwango is the senior writer for CFO South Africa. She grew up in Vryheid, northern KZN; studied journalism at the University of Johannesburg and obtained her honours in 2020. Sinenhlanhla has experience in online and broadcast media. In her spare time she enjoys a good game of cricket, hockey and loves learning different languages. Bankmed has more than 100 years of experience in healthcare and offers medical scheme benefits, wellness resources and preventive care benefits. 13 October 2026 Adinga provides ICT solutions in business intelligence, cloud accounting, ERP systems, and HR and payroll. 13 October 2026 Yooz offers an AI-powered accounts payable solution featuring invoice capture, matching, approval workflows, ERP integration, reconciliation and fraud detection. 13 October 2026 Kaelo provides healthcare solutions focused on the physical and psychological wellbeing of South Africans, with the goal of expanding access to quality healthcare. 13 October 2026 Brendmo provides business solutions, with a focus on professional expertise, quality and keeping up to date with developments in the business environment and accounting profession. 13 October 2026 Trade Shield joins Finance Indaba as a Gold partner, connecting with more than 3,000 finance professionals and industry leaders for a day of learning, networking and industry insights. 08 October 2026

CFO South Africa
Oct 13th, 2026
Yooz with Adinga join Finance Indaba as Gold partner.

Yooz with Adinga join Finance Indaba as Gold partner. Yooz offers an AI-powered accounts payable solution featuring invoice capture, matching, approval workflows, ERP integration, reconciliation and fraud detection. Yooz provides an AI-powered, cloud-based solution for accounts payable, using automation and cloud technology to support invoice processing. The solution includes multi-channel invoice capture, two-way and three-way matching, approval workflows for purchase orders, invoices and payments, ERP integration, mobile access and approvals, audit trails, vendor statement reconciliation and fraud detection Don't miss the opportunity to engage with Yooz with Adinga at Finance Indaba, where more than 3,000 finance professionals and industry leaders will gather for a day of learning, networking, fresh ideas and valuable conversations. The full-day event will feature live demos, pitches, exhibitors from across the industry and insights from leading CFOs, alongside multiple sessions led by top speakers. Sinenhlanhla Mncwango is the senior writer for CFO South Africa. She grew up in Vryheid, northern KZN; studied journalism at the University of Johannesburg and obtained her honours in 2020. Sinenhlanhla has experience in online and broadcast media. In her spare time she enjoys a good game of cricket, hockey and loves learning different languages. PwC and FloQast join the Finance Indaba as Gold partners, bringing their expertise in professional services and accounting technology to an event connecting more than 4,500 finance professionals and industry leaders. 13 October 2026 Bankmed has more than 100 years of experience in healthcare and offers medical scheme benefits, wellness resources and preventive care benefits. 13 October 2026 Adinga provides ICT solutions in business intelligence, cloud accounting, ERP systems, and HR and payroll. 13 October 2026 Kaelo provides healthcare solutions focused on the physical and psychological wellbeing of South Africans, with the goal of expanding access to quality healthcare. 13 October 2026 Brendmo provides business solutions, with a focus on professional expertise, quality and keeping up to date with developments in the business environment and accounting profession. 13 October 2026 Trade Shield joins Finance Indaba as a Gold partner, connecting with more than 3,000 finance professionals and industry leaders for a day of learning, networking and industry insights. 08 October 2026

Case Sabatini
Sep 18th, 2026
Tech News: Infinite Ties rolls out bevvy of new content for CAS development.

Tech News: Infinite Ties rolls out bevvy of new content for CAS development. Plus, FloQast launches governed workflow agents, AI journal review; CPA Crossings launches AI-enhanced CPE management; and other accounting tech news.

GlobeNewswire
Sep 16th, 2026
FloQast introduces new AI accounting innovations at TakeControl 2026 and names COSO Chair Lucia Wind as SVP of Risk & Audit Advisory.

FloQast introduces new AI accounting innovations at TakeControl 2026 and names COSO Chair Lucia Wind as SVP of Risk & Audit Advisory. New capabilities bring auditability, scalability, and accuracy to accounting workflows. September 16, 2026 12:00 ET | Source: FloQast LOS ANGELES, Sept. 16, 2026 (GLOBE NEWSWIRE) - FloQast, the Accounting Workflow Automation platform created by accountants for accountants, today unveiled a suite of innovations at its annual TakeControl user conference, alongside the announcement that Lucia Wind, Board Chair and outgoing Executive Director of COSO, has joined the company as SVP, Risk & Audit Advisory. TakeControl packs two days with original research, practitioner sessions, and technical education. The event, held September 16-17, brings together 40 speakers from companies like AWS, Equinox, EY, and Meta, across accounting, finance, audit, risk, and compliance, and offers more than 10 CPE credits. The products introduced today all start from the same premise that accounting AI has to clear a higher bar than AI in other functional areas. Every output needs to be explainable, and every decision needs to be reconstructible for an auditor. The AI-powered products that FloQast is launching today deliver on that promise end to end. "Accounting is entering a new era where AI can fundamentally change how teams operate, automating routine tasks and freeing up time for higher-judgment work," said FloQast co-founder and CEO Mike Whitmire, CPA (inactive), FCA. "What we are unveiling at TakeControl is designed to give accounting teams the ability to move faster with AI while maintaining the accuracy, governance, and auditability their work demands." New Innovations Include: Transform now builds agents from your workflows - FloQast Transform can now reverse-engineer the end-to-end workflows your team runs each month and turn them into AI agents. Hand FloQast files from a close your team has already finished, and Transform builds an AI agent that runs that process for you: documented, tested against numbers your team already approved, and ready to show your auditor. No IT or coding required - your accounting team builds it themselves, and they sign off on every step before it goes live. COSO GenAI Module governs AI agents with COSO compliance built in - FloQast will soon operationalize COSO's GenAI governance framework so teams can wrap their AI agents in COSO-compliant governance - risk assessment, control environment and activities, and ongoing monitoring and assurance - directly inside the platform. Audit evidence will write itself with connectivity between Transform and FloQast Connected Compliance. AI Assistant reviews journal entries before accountants approve them - FloQast's AI Assistant puts AI on every page of FloQast, answering questions, preparing and reviewing work, and meeting teams inside the workflows they use every day. Its first application is journal entry review, built into FloQast Journal Entry Management. When a preparer submits an entry, the reviewer can ask for an AI review before approving it. The Assistant flags errors and anomalies, scores audit risk, explains its reasoning, and recommends a fix.The human makes every call. Detect flags transaction anomalies before the books close - FloQast Detect is an AI-powered transaction monitoring tool that learns normal patterns on a per-subsidiary, per-account basis, and flags anomalies before the books close. Each flagged transaction is assessed for GL impact, routed for review, and signed off with a full audit trail. User-defined rules layer on top, codifying the team's own review criteria and applying them to every transaction, every period. Operational Audits allow teams to manage their entire audit universe in one place - FloQast Operational Audit is an expansion of FloQast's internal audit capabilities to cover the entire audit plan, including SOX testing, other compliance audits, and now, operational audits. Built around your team's own methodology, AI drafts the audit plan. AI executes your testing. One click generates an executive-ready report from live audit data. Evidence, testing, and documentation all live in a single view. COSO Chair Lucia Wind Joins FloQast In conjunction with the release of these new products, FloQast has hired Lucia Wind, Board Chair of COSO, as SVP, Risk & Audit Advisory. Wind oversaw COSO's publication of its generative AI governance framework earlier this year, the same framework FloQast is operationalizing in the COSO AI Module, beginning with a full capability, risk and control mapping. COSO's guidance is the standard against which accounting and audit teams are increasingly expected to govern their AI agents. "My career has been built around helping organizations manage risk, strengthen controls, and build trust in their reporting, especially as technology reshapes how those functions operate," said Lucia Wind, Floqast SVP of Risk & Audit Advisory. "FloQast understands the challenges teams face as they adopt new digital tools and is creating solutions that make a real difference. I'm excited to bring my experience to a team that is helping clients build finance, audit, and risk practices that are modern, resilient, and ready for long-term success." About FloQast Created by accountants for accountants, FloQast's Accounting Workflow Automation platform helps teams automate accounting and audit workflows with auditable AI. Trusted by more than 3,500 global accounting teams - including Lululemon, Chipotle, and Shopify - FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can leverage the latest AI advancements to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve overall accuracy, visibility, and collaboration. FloQast also offers the FloQast Certified Accountant (FCA) program, a free certification designed to help accounting professionals build practical AI skills. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

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