Finance teams today are under constant pressure to close books faster, reconcile all their records and deliver audit-ready reports without any errors. Traditionally, this was done through manual reconciliations and spreadsheet-based processes. However, these are no longer the most effective. Most teams today have switched to close management and reconciliation tools like FloQast to automate these processes and simplify the period-end processes.
However, as your organization grows and financial ecosystems expand across multiple entities, ERPs and payment systems, you need more scalable and real-time data visibility. You may need deeper automation, stronger integrations and real-time reconciliation dashboards. In such cases, FloQast competitors may offer you better flexibility, faster reconciliation and broader functionality.
Let’s take a look at the best FloQast alternatives that can help you improve reconciliation accuracy and strengthen your compliance across all financial systems.
What is FloQast?
FloQast is a cloud-based financial close and reconciliation management platform for accounting teams to streamline month-end processes. It is built to integrate ERP systems and provides a centralized dashboard for you to track close checklists, reconcile accounts, assign tasks and collaborate across departments.
Key Features
Month-end close task management and checklists, with preparer and reviewer assignments.
Account reconciliation management, including tie-outs and status tracking.
Automatic matching of transactions (via features like AutoRec) to reduce manual effort.
Real-time dashboards that expose close and reconciliation status across entities.
Audit evidence capture and version history for documentation and compliance.
ERP integrations (e.g., NetSuite, Sage Intacct, Microsoft Dynamics) and connected workflows.
How does FloQast Pricing Work?
FloQast operates on a subscription-based pricing model that is customised to your organisation’s size, ERP environment, module requirements, and user count rather than offering fixed public pricing tiers.
The platform is divided into four key solution areas, each designed to optimize a specific aspect of your financial close and compliance process.
1. Close: Helps you formalize and automate daily reconciliations and month-end close activities. You can choose between Close Optimization for workflow control and analytics, or Close Automation, which uses AI to handle high-volume reconciliations and journal entries.
2. Compliance: Designed to unify risk, compliance, and internal audit programs. Connected Compliance manages SOX 404a requirements and enterprise risk, while Compliance Pro automates SOX 404b testing and audit processes for large enterprises.
3. Reporting: Focuses on multi-entity financial reporting and consolidation. The FloQast Reporting package enables AI-powered intercompany reconciliations, variance analysis, and real-time consolidated financial statements.
4. AI Agents & Transform: Lets you build custom no-code AI agents to automate accounting workflows like accruals and allocations. The Transform module ensures ISO 42001-compliant, audit-ready automation.
Why look for FloQast Alternatives?
While FloQast is a well-established financial close management platform, it does have certain limitations that can restrict performance in complex reconciliation and multi-entity environments. Certain functional and operational gaps can impact overall efficiency, accuracy, and speed.
Here’s where teams often look for more advanced FloQast competitors:
Limited advanced features: Missing capabilities for complex reconciliations and bulk updates can restrict automation depth.
Workflow inefficiencies: Constraints in user management and interface responsiveness can slow down reviews and approvals.
Incomplete task visibility: Lack of detailed task instructions complicates reconciliation tracking and review accuracy.
Navigation challenges: Folder organization and document linking can feel cumbersome during close cycles.
Slow data synchronization: Delays in data refresh between ERPs and FloQast affect real-time reporting accuracy.
Performance lags: Slow system response during crucial closing periods impacts team productivity.
High pricing model: The platform’s cost structure can be difficult to justify for smaller or scaling organizations.
Top 10 FloQast Alternatives
No.
Solution
Best For
1
Osfin.ai
Banks, fintechs, and enterprises needing high-speed reconciliation and compliance automation
2
BlackLine
Enterprise-grade financial close and accounting automation
3
Aico
Mid-to-large businesses automating close and balance sheet reconciliation
4
Numeric
Growing startups and SaaS firms needing close visibility
5
Trintech
Large enterprises managing global close and compliance
6
Workiva
Audit and compliance reporting with collaboration focus
7
1. Osfin.ai
Osfin.ai is an end-to-end reconciliation automation platform built for banks, fintechs, and financial institutions managing high transaction volumes across multiple systems. It makes every stage of the reconciliation lifecycle, from data ingestion to final audit reporting, simpler and helps finance teams maintain accuracy, transparency, and control across their operations.
Key features
1. Importing Data (Ingestion)
Osfin.ai is completely file format agnostic, supporting 170+ integrations that connect directly to ERPs, core banking systems, processors, and APIs. It imports data from diverse sources, whether in CSV, JSON, XML, MT940, or flat files, without requiring manual formatting.
During ingestion, it applies custom deviation tolerances to automatically filter out poor-quality data, ensuring clean and reliable inputs. The platform also detects duplicates and outliers at the point of ingestion, preventing downstream reconciliation errors.
2. Reconciliation Process
Osfin.ai performs logic-based transaction matching that supports one-to-many, many-to-one, and multi-source reconciliations across statements, ledgers, and clearing files. It is designed for speed and scale, matching up to 30 million records in 15 minutes with 100% accuracy.
The platform also auto-reconciles payment gateway reports, including commission, tax, and fee breakdowns, ensuring every transaction component is accurately captured.
3. Exception Handling
When mismatches occur, Osfin.ai automatically flags unmatched transactions, identifies the root cause, and assigns accurate exception reasons. Unresolved records are then escalated and routed to the right team member through its built-in ticketing and exception handling engine.
Live dashboards provide real-time visibility into match status, exposure levels, and exception queues, enabling teams to act quickly and maintain operational continuity.
4. Output and Compliance
The platform generates a compliance-ready report and maintains audit-ready workflows with complete traceability and transaction history. Every action is recorded with a timestamp for transparency. Data is protected through 256-bit encryption, role-based access control, and two-factor authentication. Osfin.ai also adheres to global security and privacy frameworks, including SOC 2, PCI DSS, ISO 27001, and GDPR.
Unified reconciliation for banks, fintechs, and enterprises across all financial systems.
Ability to handle massive data volumes in minutes with zero compromise on accuracy.
Seamless multi-system integration that eliminates manual data preparation and duplication.
Built-in exception management that reduces follow-ups and accelerates issue resolution.
Complete compliance and audit readiness for regulatory and internal reviews.
Why Osfin is a better choice
While most reconciliation tools focus on limited financial close automation, Osfin.ai delivers a broader solution that covers every stage, from importing data to producing an audit-ready compliance report. Its ability to ingest any data format, match millions of transactions in real time, and automatically handle exceptions makes it ideal for institutions managing complex, high-volume operations.
BlackLine is one of the most recognized platforms in financial close and accounting automation, widely used by global enterprises to enhance visibility, accuracy, and control across the close cycle. It centralizes reconciliations, journal entries, and certification workflows to streamline complex accounting operations.
Key Features
Automates journal entries and account certifications, ensuring accuracy across entities.
Provides real-time variance analysis and aging reports for proactive issue detection.
Integrates seamlessly with SAP, Oracle, and Workday for unified data consolidation.
3. Aico
Aico offers an integrated close and reconciliation automation solution built for mid- to large-scale European enterprises. Its modular structure lets finance teams automate processes progressively, starting from reconciliations to advanced close management.
Key features
Connects directly to ERPs like SAP and Microsoft Dynamics to sync balances in real time.
Automates account reconciliations, certifications, and approval routing for transparency.
Allows finance teams to build close task lists and dependencies for better accountability.
Provides full audit trails and exception reporting to support regulatory compliance.
4. Numeric
Numeric is purpose-built for modern, high-growth startups and SaaS companies that prioritize speed and visibility in their close process. It replaces manual checklists and spreadsheets with structured workflows, enabling faster collaboration and more accurate financial reporting. Numeric also integrates with popular accounting tools, making it ideal for agile finance teams.
Key features
Automates recurring close checklists with role assignments and real-time status tracking.
Syncs directly with accounting tools like QuickBooks and NetSuite for seamless data flow.
Offers progress dashboards that highlight bottlenecks and overdue tasks instantly.
5. Trintech
Trintech’s Cadency platform delivers enterprise-scale financial close, reconciliation, and governance for complex, global organizations. It unifies accounting and compliance workflows to improve accuracy, control, and audit readiness across entities.
Key features
Automates intercompany transaction matching and journal entries across global entities.
Integrates policy-based controls and workflow governance to standardize financial operations.
Provides advanced reporting dashboards for close health, compliance, and performance KPIs.
Offers scalability for multinational enterprises with configurable close frameworks.
6. Workiva
Workiva is a connected platform for financial reporting, compliance, and data collaboration. It enables teams to link data from multiple ERPs, spreadsheets, and BI systems into a single source of truth, making it highly effective for companies with complex disclosure and regulatory needs.
Key features
Automates the creation and submission of financial and ESG compliance reports.
Links live data across systems, ensuring real-time accuracy in financial disclosures.
Supports SOX, SEC, and ESG reporting frameworks with embedded audit trails.
7. OneStream
OneStream is a comprehensive and unified corporate performance management (CPM) platform that brings together consolidation, planning, and reporting in a single ecosystem. It’s tailored for large enterprises managing multi-entity operations and complex global consolidations.
Key features
Unifies close, consolidation, and planning workflows on one extensible platform.
Enables scenario modeling and predictive analytics for strategic financial planning.
Offers granular audit controls and workflow approvals for full transparency.
Supports multi-currency, multi-GAAP, and intercompany eliminations for global reporting.
8. Cube
Cube blends the familiarity of spreadsheets with the structure of a centralized FP&A system, making it ideal for fast-growing finance teams that want flexibility without sacrificing control. It’s widely used for financial planning, forecasting, and data-driven decision-making.
Key features
Connects live financial data to Excel and Google Sheets for instant refresh and reporting.
Enables multi-scenario planning to test budget assumptions and forecasts dynamically.
Provides granular version control and user permissions to prevent data overlap.
9. Prophix
Prophix is a comprehensive financial performance management platform that helps automate budgeting, forecasting, and financial analysis. It’s particularly suited for mid-market enterprises seeking to eliminate manual consolidation work while improving insight generation.
Key Features
Automates data aggregation and budget consolidation across departments and business units.
Provides interactive dashboards for variance, trend, and “what-if” analysis.
Integrates with ERP systems like Dynamics, NetSuite, and Sage for unified reporting.
10. HighRadius
HighRadius focuses on automating the order-to-cash cycle, helping enterprises accelerate collections and reconciliation. It combines automation and analytics to improve liquidity management, reduce DSO, and strengthen cash forecasting.
Key features
Matches incoming payments with remittance data automatically across multiple systems.
Predicts payer behavior to help teams prioritize collections effectively.
Integrates with ERPs like SAP and Oracle for end-to-end cash visibility.
Osfin.ai: The Best Choice for Finance Teams
Financial reconciliation today demands speed, scale, and precision across multiple systems and formats. While tools like FloQast simplify financial close management, Osfin.ai takes reconciliation to the next level with a complete automation framework that connects ingestion, matching, exception handling, and compliance in one platform.
With 170+ integrations, logic-based matching capable of processing 30 million records in 15 minutes, and intelligent exception routing, Osfin.ai empowers finance teams to achieve unmatched control and transparency. Its audit-ready workflows, data encryption, and regulatory compliance with SOC 2, PCI DSS, ISO 27001, and GDPR further make it a trusted choice for banks and fintechs seeking accuracy and governance at scale.
For finance leaders aiming to modernize reconciliation and reporting with precision and confidence, Osfin.ai is the most comprehensive FloQast competitors, built to deliver efficiency, reliability, and complete audit traceability in every transaction.
Book a personalized demo of Osfin.ai to see how you can reconcile millions of transactions in minutes, eliminate manual errors, and maintain complete audit traceability.
Frequently Asked Questions
1. What kind of software is FloQast?
FloQast is a financial close management software that helps finance teams automate reconciliations, improve task tracking and maintain audit-ready documentation. It integrates with ERP and accounting systems to give visibility during period-end close processes.
2. How do reconciliation tools help finance teams?
Reconciliation tools automatically match transactions between ledgers, bank statements, and payment systems. They can help your team identify discrepancies quickly, reduce manual effort, and maintain data integrity across accounts.
3. What should you look for in a FloQast replacement?
A good FloQast replacement should be able to support large-scale transaction matching, flexible data ingestion, exception routing and compliance tracking. It should also offer better integration capabilities and complete visibility over the close process.
4. Which is the best FloQast alternative overall?
Osfin.ai stands out as the most comprehensive choice among the best FloQast alternatives, offering advanced reconciliation automation, logic-driven matching, real-time dashboards, and end-to-end compliance for modern finance teams.
