Market Overview

FloQast Receives Highest Score by Gartner in Lower Midmarket Organization Use Case in Gartner Critical Capabilities for Cloud Financial Close Solutions


Customers found integrating close management platform to be quicker
and more efficient; 30-50 percent less costly than competitive financial
close products

, a provider of close management software created by accountants
for accountants to close faster and more accurately, today announced
that Gartner, Inc., the leading provider of research and analysis on the
global information technology industry, has given the close management
solution the highest cumulative score for vendors in Lower Midsize
Organization, giving it a 4.14 out of 5 rating.

According to Gartner's scoring for its 2018
Critical Capabilities for Cloud Financial Close Solutions
published August 9, 2018, FloQast scored highest amongst vendors in the
Lower Midsize Organization use case and second highest among in the
Business Unit use cases. Gartner considers the lower mid-market as
organizations with annual revenues between $50-$500 million and that are
headquartered and have the majority of their operations in a single

"There are plenty of legacy solutions focused on large enterprises, but
we have found that they are difficult for organizations to implement and
have lower overall satisfaction for companies of more modest size," said
Michael Whitmire, CPA, co-founder and CEO of FloQast. "Rather than
replacing existing technology, FloQast customers find that our
cloud-based close management platform integrates with their existing
solutions, making the ramp-up and integration incredibly quick and

This Critical Capabilities scoring comes after FloQast was included for
the first time in the July 2018 Gartner Magic Quadrant for Cloud
Financial Close Solutions.

To learn how FloQast shortens the month-end close process, increases the
accuracy, timeliness and completion of account reconciliations and
improves audit capabilities, visit
and follow on Facebook
and Twitter.

Required Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings or other designation.
Gartner research publications consist of the opinions of Gartner's
research organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect to
this research, including any warranties of merchantability or fitness
for a particular purpose.

About FloQast:

FloQast is award-winning close management software, created by
accountants for accountants to close faster and more accurately. On
average, accounting teams who rely on FloQast close three days faster.
Seamlessly integrated with ERPs and leveraging your existing checklists
and Excel, FloQast provides a single place to manage the month-end close
and gives everyone visibility. The cloud-based software is trusted by
hundreds of accounting departments, including those at Door Dash,
AdRoll, Indeed, Shopify,, Twilio, Dollar Shave Club, Zillow
and The Golden State Warriors. To learn more, visit
and join the conversation on Twitter @floqast.

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