# FloQast vs Oracle Financial Consolidation and Close Comparison --- ## AI Generated Summary - **G2 reviewers report** that FloQast excels in user experience, with many praising its intuitive design and ease of use. Users highlight how the software is built with the user in mind, making it simple to complete tasks efficiently, which is a significant advantage over Oracle Financial Consolidation and Close. - **According to verified reviews** , FloQast's implementation process is notably quick and straightforward. Users appreciate features like the automated tie-out process that pulls General Ledger balances directly from ERP systems, significantly reducing manual data entry and preparation time, while Oracle users have noted challenges with setup and integration. - **Reviewers mention** that FloQast provides exceptional support, with a high quality of customer service that is responsive and helpful. This contrasts with Oracle Financial Consolidation and Close, where users have expressed a desire for improved support options and responsiveness. - **Users say** that FloQast is particularly effective for managing period-end tasks and reconciliations, keeping everything organized and clean. This organizational capability is a standout feature that helps accounting professionals collaborate and track progress, while Oracle users have noted that it can be less efficient in this regard. - **Reviewers highlight** that FloQast has a strong focus on continuous improvement, with regular updates and new features being rolled out. This commitment to product direction is well-received, whereas Oracle Financial Consolidation and Close users have indicated a need for more innovation and updates to keep pace with evolving business needs. - **According to recent feedback** , FloQast is favored for its ability to streamline financial processes, making it a preferred choice for mid-market companies. In contrast, while Oracle Financial Consolidation and Close is recognized for its capabilities in handling large financial consolidations, it may not be as user-friendly for smaller organizations. | | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Star Rating** | 4.6 out of 5 | 4.0 out of 5 | | **Total Reviews** | 1,411 | 33 | | **Largest Market Segment** | Mid-Market (58.4% of reviews) | Enterprise (54.5% of reviews) | | **Entry Level Price** | No pricing available | No pricing available | --- ## Top Pros & Cons ### FloQast Pros: - Ease of Use (133 reviews) - Organization (80 reviews) Cons: - Missing Features (34 reviews) - Limited Functionality (26 reviews) ### Oracle Financial Consolidation and Close Pros: - Helpful (1 reviews) - Integrations (1 reviews) Cons: - Complexity Issues (1 reviews) - Limited Features (1 reviews) --- ## Ratings Comparison | Rating | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Meets Requirements** | 9.1 (1174 reviews) | 7.8 (20 reviews) | | **Ease of Use** | 9.3 (1184 reviews) | 7.1 (20 reviews) | | **Ease of Setup** | 8.9 (639 reviews) | Not enough data | | **Ease of Admin** | 9.1 (440 reviews) | Not enough data | | **Quality of Support** | 9.4 (1054 reviews) | 8.0 (19 reviews) | | **Has the product been a good partner in doing business?** | 9.6 (435 reviews) | Not enough data | | **Product Direction (% positive)** | 9.5 (1121 reviews) | 8.2 (19 reviews) | --- ## Pricing ### FloQast #### Entry-Level Pricing No pricing available #### Free Trial No information available ### Oracle Financial Consolidation and Close #### Entry-Level Pricing No pricing available #### Free Trial No information available --- ## Features Comparison By Category ### Accounting | Product | Score | Reviews | |---|---|---| | **FloQast** | 7.0/10 | 301 | | **Oracle Financial Consolidation and Close** | N/A | N/A | #### General Ledger | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Journal Entries** | 6.8 (251 reviews) | Not enough data | | **Tags / Dimensions** | 7.6 (257 reviews) | Not enough data | | **Audit Trail** | 8.4 (274 reviews) | Not enough data | #### AI Assistant - Accounting | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **AI Accounting Assistant** | Not enough data | Not enough data | #### Accounts Receivable | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Invoice Customization** | Feature Not Available | Not enough data | | **AR Automation** | Feature Not Available | Not enough data | | **Collections Automation** | Feature Not Available | Not enough data | #### Accounts Payable | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **AP Automation** | Feature Not Available | Not enough data | | **Payment Processing** | Feature Not Available | Not enough data | | **Purchase Orders** | Feature Not Available | Not enough data | #### Other Functionality | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Inventory Tracking / Ordering** | Feature Not Available | Not enough data | | **Inventory Pricing and Costing** | Feature Not Available | Not enough data | | **Inventory Reporting** | Feature Not Available | Not enough data | | **Multi-Entity / Consolidation** | 7.2 (242 reviews) | Not enough data | | **Recognition Rules** | 6.7 (239 reviews) | Not enough data | | **Reconciliations** | 9.0 (276 reviews) | Not enough data | | **Payroll** | Feature Not Available | Not enough data | | **Time and Expense** | Feature Not Available | Not enough data | #### Reporting & Analytics | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Financial Statements** | 7.0 (232 reviews) | Not enough data | | **Custom Reporting** | 6.9 (230 reviews) | Not enough data | | **Budgeting / Forecasting** | Feature Not Available | Not enough data | | **Dashboards** | 8.7 (254 reviews) | Not enough data | #### Platform | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Customization** | 7.7 (251 reviews) | Not enough data | | **Workflow Capability** | 8.5 (260 reviews) | Not enough data | | **User, Role, and Access Management** | 8.7 (263 reviews) | Not enough data | | **Internationalization** | 7.4 (225 reviews) | Not enough data | | **Performance and Reliability** | 8.9 (268 reviews) | Not enough data | | **Output Document Generation** | 7.7 (224 reviews) | Not enough data | #### Integration | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Data Import and Export Tools** | 8.2 (246 reviews) | Not enough data | | **Integration APIs** | 7.7 (238 reviews) | Not enough data | | **Breadth of Partner Applications** | 7.3 (222 reviews) | Not enough data | #### Cash Flow | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Track Cash Flow** | 6.4 (209 reviews) | Not enough data | | **Income and Expenses** | 6.6 (210 reviews) | Not enough data | | **File Exports** | 7.3 (213 reviews) | Not enough data | #### Budgeting & Forecasting | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Budgeting / Forecasting** | Feature Not Available | Not enough data | | **Data Import** | 7.2 (212 reviews) | Not enough data | | **Versioning** | 6.5 (206 reviews) | Not enough data | | **Historical Data** | 7.0 (206 reviews) | Not enough data | #### Revenue | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Revenue Types** | 6.5 (202 reviews) | Not enough data | | **Revenue Allocation** | 6.4 (202 reviews) | Not enough data | | **Scheduling** | 6.7 (203 reviews) | Not enough data | #### Payroll | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Direct Deposit** | 5.5 (184 reviews) | Not enough data | | **Check/W-2 Printing** | 5.2 (181 reviews) | Not enough data | | **Tax Calculation** | 5.4 (179 reviews) | Not enough data | | **Reporting and Dashboards** | 6.9 (186 reviews) | Not enough data | #### AI | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Data Extraction** | 6.6 (107 reviews) | Not enough data | | **Invoice Processing** | 6.3 (105 reviews) | Not enough data | | **Expense Management** | 6.3 (104 reviews) | Not enough data | | **Fraud Detection** | 6.4 (103 reviews) | Not enough data | | **Tax Compliance** | 6.3 (102 reviews) | Not enough data | | **Support Chatbots** | 6.6 (102 reviews) | Not enough data | | **Bank Reconciliations** | 7.0 (104 reviews) | Not enough data | | **Report Generation** | 6.7 (103 reviews) | Not enough data | | **Customizable Alerts** | 6.9 (104 reviews) | Not enough data | | **Predictive Analytics** | 6.5 (105 reviews) | Not enough data | #### Mobile Applications - Accounting | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Cloud Integration** | 7.3 (81 reviews) | Not enough data | | **Notifications** | 7.2 (82 reviews) | Not enough data | | **UI** | 7.2 (81 reviews) | Not enough data | | **Offline** | 6.7 (81 reviews) | Not enough data | | **Expense Tracking** | 6.7 (80 reviews) | Not enough data | | **Invoice Management** | 6.6 (81 reviews) | Not enough data | #### Agentic AI - Accounting | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Autonomous Task Execution** | 7.0 (75 reviews) | Not enough data | ### Financial Close | Product | Score | Reviews | |---|---|---| | **FloQast** | 7.9/10 | 843 | | **Oracle Financial Consolidation and Close** | 8.5/10 | 7 | #### Reconciliation | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Consolidation** | 8.3 (653 reviews) ✓ Verified | 8.9 (6 reviews) ✓ Verified | | **Management** | 8.8 (714 reviews) ✓ Verified | 8.7 (5 reviews) ✓ Verified | | **Accounting** | 8.6 (745 reviews) ✓ Verified | 9.3 (7 reviews) ✓ Verified | #### Reporting | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Report Types** | 7.8 (640 reviews) ✓ Verified | 8.6 (7 reviews) ✓ Verified | | **Standard** | 8.1 (643 reviews) ✓ Verified | 8.6 (6 reviews) ✓ Verified | | **Custom** | 7.8 (585 reviews) ✓ Verified | 7.0 (5 reviews) ✓ Verified | #### Closing Process | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Audit** | 8.8 (669 reviews) ✓ Verified | 8.7 (5 reviews) ✓ Verified | | **Journal Entries** | 7.9 (609 reviews) ✓ Verified | 8.3 (6 reviews) ✓ Verified | | **Distribution** | 7.8 (536 reviews) ✓ Verified | 8.7 (5 reviews) ✓ Verified | #### AI - Financial Close | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Autonomous Task Execution** | 7.2 (58 reviews) | Not enough data | | **Compliance** | 7.2 (58 reviews) | Not enough data | | **Reconciliation** | 7.5 (57 reviews) | Not enough data | | **Data Collection** | 7.1 (58 reviews) | Not enough data | | **Analysis** | 7.2 (58 reviews) | Not enough data | ### Audit Management | Product | Score | Reviews | |---|---|---| | **FloQast** | 7.3/10 | 32 | | **Oracle Financial Consolidation and Close** | N/A | N/A | #### Generative AI | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **AI Text Summarization** | 5.7 (25 reviews) | Not enough data | | **AI Text Generation** | 5.9 (25 reviews) | Not enough data | #### Workflows - Audit Management | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Audit Trail** | 8.8 (29 reviews) | Not enough data | | **Recommendations** | 7.8 (27 reviews) | Not enough data | | **Collaboration Tools** | 8.0 (28 reviews) | Not enough data | | **Integrations** | 6.4 (27 reviews) | Not enough data | | **Planning & Scheduling** | 7.0 (26 reviews) | Not enough data | #### Documentation - Audit Management | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Templates & Forms** | 7.2 (26 reviews) | Not enough data | | **Checklists** | 8.2 (28 reviews) | Not enough data | #### Reporting & Analytics - Audit Management | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Dashboard** | 7.7 (27 reviews) | Not enough data | | **Audit Performance** | 7.6 (26 reviews) | Not enough data | | **Industry Compliance** | 7.6 (26 reviews) | Not enough data | ### Financial Reconciliation | Product | Score | Reviews | |---|---|---| | **FloQast** | 7.7/10 | 303 | | **Oracle Financial Consolidation and Close** | N/A | N/A | #### Reconciliation - Financial Reconciliation | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Automation** | 8.0 (277 reviews) | Not enough data | | **Bank Statements** | 7.0 (264 reviews) | Not enough data | | **Exceptions** | 7.7 (261 reviews) | Not enough data | | **Algorithms** | 6.9 (258 reviews) | Not enough data | #### Audit - Financial Reconciliation | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Accuracy** | 8.6 (276 reviews) | Not enough data | | **Compliance** | 8.4 (274 reviews) | Not enough data | | **Reporting** | 7.8 (267 reviews) | Not enough data | | **Audit Trail** | 8.7 (266 reviews) | Not enough data | #### Integrations - Financial Reconciliation | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Accounting** | 8.5 (275 reviews) | Not enough data | | **Inventory** | 6.2 (250 reviews) | Not enough data | | **ERP** | 7.6 (266 reviews) | Not enough data | | **Banking** | 6.5 (255 reviews) | Not enough data | #### User Permissions and Security - Financial Reconciliation | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Access** | 8.2 (266 reviews) | Not enough data | | **Authentication** | 8.2 (267 reviews) | Not enough data | | **Encryption** | 7.7 (255 reviews) | Not enough data | | **Regulations** | 7.8 (260 reviews) | Not enough data | #### Agentic AI - Financial Reconciliation | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Autonomous Task Execution** | 7.3 (57 reviews) | Not enough data | ### Accounting & Finance | Product | Score | Reviews | |---|---|---| | **FloQast** | N/A | N/A | | **Oracle Financial Consolidation and Close** | N/A | N/A | #### Agentic AI - Accounting & Finance | Feature | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Autonomous Task Execution** | Not enough data | Not enough data | --- ## Categories **Shared Categories (1):** [Financial Close Software](https://www.g2.com/categories/financial-close) **Unique to FloQast (3):** [Financial Reconciliation Software](https://www.g2.com/categories/financial-reconciliation), [Accounting Software](https://www.g2.com/categories/accounting), [Audit Management Software](https://www.g2.com/categories/audit-management) --- ## Reviewer Demographics ### By Company Size | Segment | FloQast | Oracle Financial Consolidation and Close | |---|---|---| | **Small-Business** | 19.0% | 3.0% | | **Mid-Market** | 58.4% | 42.4% | | **Enterprise** | 22.6% | 54.5% | ### By Industry #### FloQast - **Accounting:** 22.1% - **Computer Software:** 12.0% - **Information Technology and Services:** 9.0% - **Financial Services:** 4.7% - **Biotechnology:** 3.0% - **Hospital & Health Care:** 2.5% - **Marketing and Advertising:** 2.4% - **Retail:** 2.2% - **Consumer Goods:** 2.0% - **Insurance:** 2.0% - **Other:** 38.1% #### Oracle Financial Consolidation and Close - **Accounting:** 21.2% - **Marketing and Advertising:** 9.1% - **Real Estate:** 6.1% - **Banking:** 6.1% - **Civil Engineering:** 6.1% - **Financial Services:** 6.1% - **Apparel & Fashion:** 3.0% - **Consumer Services:** 3.0% - **Cosmetics:** 3.0% - **Education Management:** 3.0% - **Other:** 33.3% --- ## Alternatives ### Alternatives to FloQast - [BlackLine Financial Close Management](https://www.g2.com/products/blackline-blackline-financial-close-management/reviews) — 4.5/5 stars (1069 reviews) - [Workiva](https://www.g2.com/products/workiva-workiva/reviews) — 4.5/5 stars (2148 reviews) - [Trintech](https://www.g2.com/products/trintech-trintech/reviews) — 4.5/5 stars (545 reviews) - [Vena](https://www.g2.com/products/vena/reviews) — 4.5/5 stars (478 reviews) - [OneStream - Unified EPM](https://www.g2.com/products/onestream-unified-epm/reviews) — 4.6/5 stars (160 reviews) - [Sage Intacct](https://www.g2.com/products/sage-intacct/reviews) — 4.3/5 stars (4345 reviews) - [Planful](https://www.g2.com/products/planful/reviews) — 4.3/5 stars (504 reviews) - [NetSuite](https://www.g2.com/products/oracle-netsuite/reviews) — 4.1/5 stars (4875 reviews) - [Numeric](https://www.g2.com/products/numeric/reviews) — 4.8/5 stars (65 reviews) - [Certinia Financial Management Cloud](https://www.g2.com/products/certinia-financial-management-cloud/reviews) — 4.0/5 stars (437 reviews) ### Alternatives to Oracle Financial Consolidation and Close - [BlackLine Financial Close Management](https://www.g2.com/products/blackline-blackline-financial-close-management/reviews) — 4.5/5 stars (1069 reviews) - [OneStream - Unified EPM](https://www.g2.com/products/onestream-unified-epm/reviews) — 4.6/5 stars (160 reviews) - [CCH Tagetik](https://www.g2.com/products/cch-tagetik/reviews) — 4.3/5 stars (74 reviews) - [Workiva](https://www.g2.com/products/workiva-workiva/reviews) — 4.5/5 stars (2148 reviews) - [IBM Cognos Controller](https://www.g2.com/products/ibm-cognos-controller/reviews) — 3.9/5 stars (36 reviews) - [Trintech](https://www.g2.com/products/trintech-trintech/reviews) — 4.5/5 stars (545 reviews) - [Planful](https://www.g2.com/products/planful/reviews) — 4.3/5 stars (504 reviews) - [Anaplan](https://www.g2.com/products/anaplan/reviews) — 4.6/5 stars (461 reviews) - [Vena](https://www.g2.com/products/vena/reviews) — 4.5/5 stars (478 reviews) - [SAP Cloud ERP (SAP S/4HANA Cloud)](https://www.g2.com/products/sap-cloud-erp-sap-s-4hana-cloud/reviews) — 4.4/5 stars (1061 reviews) --- ## Top Discussions ### FloQast - Title: [What is FloQast used for?](https://www.g2.com/discussions/what-is-floqast-used-for) — 1 comment *(includes official response)* > **Top comment:** "FloQast is the industry-leading accounting workflow automation solution, designed by accountants for accountants.Learn more here:..." - Title: [how can I add steps to a task without creating multiple tasks?](https://www.g2.com/discussions/how-can-i-add-steps-to-a-task-without-creating-multiple-tasks) — 1 comment, 1 upvote > **Top comment:** "Free text room on the task to add bullet points of the steps. You won't be able to sign off on them individually but great for instructions." - Title: [Will there be any updates that make the account balance refresh process quicker?](https://www.g2.com/discussions/will-there-be-any-updates-that-make-the-account-balance-refresh-process-quicker) — 1 comment, 1 upvote > **Top comment:** "Hi Mason, thanks for the inquiry! After speaking with your Customer Success Manager about the details of the FloQast integration with your ERP system, we..." - Title: [What is the best way to automate trial balance uploads?](https://www.g2.com/discussions/13723-what-is-the-best-way-to-automate-trial-balance-uploads) — 1 comment, 1 upvote > **Top comment:** "FloQast offers a feature called FloQast Connect that will automate your trial balance uploads. This allows organizations with on-premise legacy or enterprise..." - Title: [How do VPs of Finance use FloQast?](https://www.g2.com/discussions/close-management-software-and-vps-of-finance) — 1 comment, 1 upvote *(includes official response)* > **Top comment:** "FloQast close management software provides VPs of Finance with increased visibility into the status of the close without having to wait. Find out more about..." ### Oracle Financial Consolidation and Close No discussions available for this product. --- **Source:** [G2.com](https://www.g2.com) | [Comparison Page](https://www.g2.com/compare/floqast-vs-oracle-financial-consolidation-and-close)