FloQast Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

FloQast Strengths, Domain Expertise, and Key Differentiators

The FloQast Accounting Operations Platform, comprising FloQast Close, FloQast Ops, and FloQast Compliance Management, stands out as a cloud-native AWS solution geared towards automating labor-intensive record-to-report tasks. By streamlining these cumbersome processes, FloQast effectively mitigates the manual and repetitive workload challenges commonly faced by accounting and finance teams. This capability empowers finance and accounting departments to operate with enhanced velocity, precision, and audit preparedness. Such strengths position FloQast as a formidable solution driving organizations closer to achieving operational excellence within their accounting practices.

FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline processes such as automated reconciliations, documentation requests, and other workflows that impact the month-end close, financial reporting, and payroll.

FloQast Recent Developments

In November 2023, FloQast, renowned for its accounting workflow automation software tailored by and for accountants, and recognized as an AWS Qualified Software Partner, unveiled its availability on AWS Marketplace. This move integrates FloQast's Accounting Operations Platform, comprising FloQast Close, FloQast Ops, and FloQast Compliance Management, into the vast digital catalog of AWS Marketplace. By offering a cloud-native AWS solution, FloQast targets the automation of tedious record-to-report tasks, aiming to alleviate the manual burdens faced by accounting and finance teams. This development empowers finance and accounting professionals to enhance operational efficiency, accuracy, and audit readiness, marking a significant stride toward operational excellence.

In September 2021, FloQast launched FloQast Ops, a new workflow manager solution that addresses upstream financial functions like Accounts Payable, Sales and Use Tax, and Accounts Receivable along with downstream functions like Compliance, Reporting, and FP&A to deliver greater control and transparency across accounting operations.

FloQast Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying FloQast applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of FloQast and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified FloQast Accounting Operations Platform, which includes FloQast Close, FloQast Ops, and FloQast Compliance Management customers.

FloQast Key Enterprise and Cloud Applications

FloQast Accounting Operations Platform, which includes FloQast Close, FloQast Ops, and FloQast Compliance Management

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FloQast Direct vs Indirect sales

FloQast Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified FloQast Customers

No. of FloQast Customers: 2600

No. of FloQast Enterprise Applications Customers: x

No. of FloQast Cloud Customers: x

No. of FloQast Cloud Subscribers: x

FloQast has more than 2600 customers worldwide including Twilio, Roblox, Los Angeles Lakers, Zoom, and Snowflake

FloQast Market Opportunities, M&A and Geo Expansions

FloQast has unveiled a strategic implementation partnership with PAS Financial Advisory AG, a prominent consulting firm focusing on the CFO agenda in the DACH (Germany, Austria, and Switzerland) region. This collaboration signifies FloQast's commitment to optimizing and modernizing the financial close process for companies operating in this key international market. By joining forces with PAS, known for its extensive expertise and stellar reputation, FloQast aims to bolster efficiency, accuracy, and compliance risk mitigation for finance and accounting teams. The partnership underscores FloQast's strength in expanding its presence in critical global markets and underscores its dedication to fostering operational excellence in accounting practices. In July 2021, FloQast announced the close of their Series D round of funding, raising $110 million at a $1.2 billion valuation. The round was led by Meritech Capital with participation from Redpoint Ventures, Sapphire Ventures, Coupa Ventures, and continued participation from prior investors including Insight Partners, Polaris Partners, and Norwest Venture Partners.

FloQast Risks and Challenges

In 2021, FloQast apointed Chief Financial Officer Razzak Jallow as CFO and Vice President of Customer Success, Justin Smith as Vice President of Customer Success. FloQast will need to keep its focus. Its organic growth is impressive. However, it may need to boost its growth with inorganic acquisitions, either tech tuck-ins or market tuck-ins, or both.

FloQast Ecosystem, Partners, Resellers and SI

In 2023, FloQast honored CFGI with the Partner of the Year award for their outstanding service and client dedication. CFGI, a prominent provider of accounting, finance, and technology services, consistently delivers exceptional value to mutual customers. FloQast, a Finance and Accounting Operations Platform, is increasingly adopted by forward-thinking accounting teams, integrating seamlessly with key finance and accounting solutions.

FloQast Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: