# FloQast **Source:** https://geo.sig.ai/brands/floqast **Vertical:** Fintech **Subcategory:** Accounting Workflow Automation **Tier:** Challenger **Website:** floqast.com **Last Updated:** 2026-04-14 ## Summary Accounting transformation platform. $200M+ ARR (Jan 2026). $1.6B valuation. 2,600+ teams (Twilio, Zoom, Snowflake). AI Agents via FloQast Transform. Founded 2013, LA. Private. ## Company Overview FloQast was founded in 2013 in Los Angeles, California, by former accountants who experienced firsthand the chaos of month-end close processes at fast-growing companies. The company's mission is to transform how accounting teams operate by replacing fragmented, spreadsheet-driven workflows with a purpose-built platform that brings structure, automation, and AI-driven intelligence to the accounting function. FloQast was designed from day one for accountants by accountants, giving it deep domain credibility and workflow alignment that generic finance automation tools lack.\n\nFloQast's platform covers the full spectrum of accounting operations, from close management and reconciliation to reporting, compliance, and AI-powered agentic workflows through its FloQast Transform product line. Over 2,600 accounting teams at companies including Twilio, Zoom, and Snowflake use FloQast to manage their close process, maintain audit trails, and ensure accuracy across financial reporting cycles. The platform integrates with major ERP systems and financial data sources, serving as the operational layer that sits on top of the general ledger to coordinate the human and automated tasks required to close books accurately and on time. FloQast Transform extends this foundation with AI agents that can autonomously handle reconciliation, variance analysis, and other high-volume accounting tasks.\n\nFloQast surpassed $200 million in annual recurring revenue in January 2026, a milestone that cements its position as one of the most successful vertical SaaS companies in the accounting technology space. The company carries a $1.6 billion valuation and remains privately held, continuing to invest in product expansion and enterprise market penetration. With AI agents increasingly capable of handling core accounting workflows, FloQast is positioned to lead the broader transformation of the CFO technology stack. ## Frequently Asked Questions ### What is FloQast? Accounting transformation platform automating financial close, operations, and compliance with auditable AI. Built by CPAs. ### What is FloQast's revenue? Surpassed $200M ARR in January 2026, doubling from $100M. $1.6B valuation. ### What is FloQast Transform? Fastest-growing product enabling teams to build auditable AI Agents for automating high-volume repetitive accounting tasks. ### Who are FloQast's customers? 2,600+ teams including Twilio, LA Lakers, Zoom, Snowflake. Also has an EY managed services agreement. ### How much funding has FloQast raised? $303M total including a $100M Series E in April 2024. ### What is FloQast's core close management product and how does it improve month-end close? FloQast's Close Management module creates a structured, collaborative checklist-based system for managing month-end close tasks — assigning responsibilities to specific team members, tracking completion status in real time, connecting tasks to supporting documentation in cloud storage (Google Drive, SharePoint), and flagging overdue items with automated reminders. This replaces the informal spreadsheets and email chains most accounting teams use to coordinate close, providing controllers and CFOs with real-time visibility into close progress and risk. Customers report reducing their close cycle by 3-5 days on average after implementing FloQast. ### How does FloQast integrate with ERP systems and accounting software? FloQast integrates natively with major ERP and accounting systems including NetSuite, Sage Intacct, QuickBooks Online, Microsoft Dynamics 365, SAP, Oracle, and Workday Financial Management — pulling trial balance data directly into FloQast for account reconciliation matching without manual data export. The reconciliation feature automatically matches book balances to supporting schedules and flags variances for accountant review, turning what was a manual cell-by-cell verification into an automated exception-based workflow. FloQast's tight ERP integration is a key differentiator versus generic project management tools used for close management. ### What is FloQast Transform and how does it extend FloQast beyond close management? FloQast Transform is an AI-powered agentic workflow product that extends FloQast beyond close management into broader accounting operations automation — enabling accounting teams to build AI agents that can automatically classify transactions, draft journal entries, prepare reconciliation schedules from raw data, and generate variance analysis commentary. Transform represents FloQast's move from a workflow coordination tool into an AI-native accounting operations platform capable of handling repetitive accounting tasks end-to-end. This product targets the automation of the 60-70% of accounting work that is routine and rules-based, freeing staff for higher-judgment financial analysis. ## Tags b2b, fintech, saas --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*