FloQast vs Verfi Close
FloQast
floqast.comVerfi Close
verfi.comSide by side
| Figure | FloQast | Verfi Close |
|---|---|---|
| Price from | $999/mo | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| API | Yes | Yes |
| Plans published | 2 | 0 |
| Spec score · Financial Close Software | 8.6 (#4) | 6.7 (#24) |
| Integrations | FloQast lists integrations across ERP, banking, accounts payable, collaboration, communication, documentation, identity management, and payroll, including ADP, Box, Google Drive, Microsoft Teams, and Slack. | The site names Microsoft Business Central, NetSuite, QuickBooks, SAP, Sage Intacct, and Xero as ERP connections. |
| Intended users | FloQast describes its platform as built for accountants and presents use cases for accounting, finance, controller, audit, and compliance roles. | The site presents the platform for finance teams and features examples involving multi-entity real estate operators, property managers, and accounting firms. |
| Purpose | FloQast is an accounting workflow automation platform built to help accounting teams manage close, reconciliation, accounting operations, and compliance workflows. | Verfi says it connects to the general ledger, bank, vendors, and contracts to automate accruals, reconciliations, and audit preparation. |
| Security | FloQast says it provides a SOC 3 report and performs annual penetration tests on high-risk products and infrastructure. | Verfi states that its SOC 2 Type 2 audit is underway and that a report is available under NDA. |
| Support | Customers can submit platform support requests through FloQast’s support portal, and account managers or customer success managers handle billing questions. | Verfi offers a 30-minute sample close demo and says it will respond to demo requests within one business day. |
Plans
In their own words
FloQast
FloQast is accounting workflow software for teams handling close, reconciliation, accounting operations, and compliance. It brings close tasks together, tracks progress, and helps surface dependencies and bottlenecks across teams and entities. Its tools automate reconciliations, transaction matching, and journal entry workflows, with review and approval steps. Teams can review AI-generated transaction-matching rules; FloQast says its AI learns from user inputs. The platform includes audit trails, task dependencies, recurring templates, multi-entity close, and native ERP connectivity. FloQast lists integrations spanning ERP, banking, accounts payable, collaboration, communications, documentation, identity management, and payroll, including ADP, Box, Google Drive, Microsoft Teams, and Slack. The service is cloud-based and browser-accessible, with macOS and Windows support. FloQast says it provides a SOC 3 report, conducts annual penetration tests on high-risk products and infrastructure, and holds ISO/IEC 42001 certification for its accounting transformation platform. The company was founded in 2013 and is headquartered in Los Angeles. It is paid, has no free plan, and offers customized packages with pricing on request.
Verfi Close
Verfi Close is a month-end accounting product for finance teams. It automates accruals, bank and account reconciliations, variance analysis, ERP posting, and audit trails. Monthly accruals can be calculated across entities, with custom fiscal periods and automatic reversals. Bank reconciliation matches statements to the general ledger from uploads or direct bank feeds, then places exceptions in a queue. Account reconciliation connects balance-sheet accounts to supporting schedules and provides roll-forwards and exportable PBC packages. Verfi says AI proposes recurring expense rules from historical data, while later calculations are deterministic rather than performed by an LLM. Users can review or adjust entries, export to Excel, or post to Business Central; ERP write-back is opt-in and requires explicit approval. Named ERP integrations include Business Central, NetSuite, QuickBooks, SAP, Sage Intacct, and Xero. Verfi Connect accepts documents by email, upload, API ingest, or ERP pull and extracts PDF details. Access is through web and API. Pricing is on request. Workspace data is partitioned and encrypted in transit and at rest, with timestamped logs of entries, adjustments, and approvers.