FloQast Strengths, Domain Expertise, and Key Differentiators
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 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 Close customers.
Ownership: - x
Number of Employees: 600
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K239, Higher Education, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
FloQast Key Enterprise and Cloud Applications
FloQast Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
FloQast Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
FloQast Enterprise Applications Revenues By Functional Markets, $M:
FloQast Enterprise Applications Revenues By Verticals, $M:
FloQast Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
FloQast Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
FloQast Customers - Breakdown by Geo, Size, Vertical and Product
No. of FloQast Customers: 1600
No. of FloQast Enterprise Applications Customers: x
No. of FloQast Cloud Customers: x
No. of FloQast Cloud Subscribers: x
FloQast has more than 1,600 customers worldwide including Twilio, Roblox, Los Angeles Lakers, Zoom, and Snowflake
FloQast Market Opportunities, M&A and Geo Expansions
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
FloQast is becoming a mainstain productivity technology for forward-looking accounting teams. FloQast integrates with and complements other important finance and accounting solutions.
FloQast Cloud Infrastructure Insights
Subscribe to read more about:
- FloQast Public Cloud and Infrastructure (IaaS)
- FloQast Platform (PaaS)
- FloQast Application Delivery
- FloQast Private Cloud and Data Centers
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).
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