7 FloQast Alternatives: Discover the Top Accounting Platforms for Finance Teams

Finance teams are often under pressure to accelerate the financial close, ensure accuracy and stay compliant with all relevant regulations. FloQast is surely a popular solution that eases the close process, but it’s not the only one available. In fact, many European companies are exploring platforms that offer deeper ERP integrations, stronger automation and more tailored support.

If you're evaluating FloQast alternatives, this guide highlights some of the best accounting platforms available, with a focus on those that deliver robust financial close functionality. We’re examining key differences with the BlackLine solution too, to show why Aico is emerging as the top choice for finance teams.

Why Consider FloQast Alternatives?

FloQast has its strengths, particularly for mid-sized companies using cloud-based ERPs. However, some organisations find that:

• Its features are heavily focused on basic close checklists and reconciliations
• It lacks deep native integration with ERPs like SAP and Oracle
• European data residency and GDPR compliance may be limited
• Support and scalability can lag for larger or more complex entities
  
  

If these limitations sound familiar, it may be time to explore more comprehensive platforms that offer both automation and strategic finance capabilities.

Top 7 FloQast Alternatives

Now, it’s time to analyse the available solutions and see which one can do what FloQast does, but better:

1. Aico: Best for European Enterprises and Real-Time ERP Integration

Aico is a modern financial close automation platform designed specifically for enterprise finance teams. Built in Europe and tailored to IFRS and GDPR standards, Aico integrates natively with ERPs like SAP, Oracle, and Microsoft Dynamics. This means finance teams can work with real-time data across reconciliations, journal entries, task management, and transaction matching, all within one platform.

Why Choose Aico?

• Real-time, certified ERP integration
• Built-in support for complex organisational structures
• Strong focus on audit trail, compliance and custom workflows
• Dedicated local support in the UK, Nordics, and DACH regions
• Expanding performance management suite following merger with Mercur

If you’re comparing various solutions that lead towards efficient financial close, Aico stands out as a strong option that delivers enterprise-grade automation without sacrificing flexibility or usability.

Aico vs. FloQast

Aico is ideal for European finance teams needing deep ERP integration and automation across the full financial close cycle. FloQast suits mid-sized teams looking for basic checklist-based close management with lighter ERP demands.

2. BlackLine: Recognised Enterprise Solution Provider

BlackLine is a known name in the financial close space, offering a comprehensive suite that covers account reconciliation, journal entry and variance analysis. While powerful, its complexity and implementation time can be a barrier for many finance teams.

Pros:

• Feature-rich and scalable
• Strong workflow controls

Cons:

• Higher cost of ownership
• Longer deployment cycles

BlackLine is a comprehensive, enterprise-grade financial close solution designed for complex organisations. It offers advanced automation, strong controls and broad ERP integration. FloQast is more suitable for mid-sized companies, focusing on checklist-driven close management and lighter integrations with cloud-based ERPs. While FloQast is quicker to implement, BlackLine provides deeper functionality, coming at the cost of a complex learning curve.

Looking for more tools that compare to Blackline?

3. Trintech (Cadency & Adra)

Trintech’s Cadency is an enterprise-grade close solution, while Adra serves the mid-market. Both offer solid reconciliation tools, task management, and compliance features.

Good for: Organisations needing structured close control frameworks
Limitations: Integration with legacy ERPs can require additional configuration

Trintech’s Cadency and Adra are both alternatives to FloQast for financial close management. Cadency is an enterprise-grade solution designed for large organisations with complex, global operations, while Adra is tailored for mid-market companies seeking a streamlined, user-friendly approach. 

Both platforms offer reconciliation tools, task management and compliance features, making them suitable for organisations needing structured close control frameworks. 

Do you need more solutions similar to Trintech?

4. Workiva

Workiva is popular for financial reporting, audit support and ESG compliance. While not a close platform in the traditional sense, its reporting capabilities make it a useful companion for teams with strong regulatory needs.

Best for: Public companies and reporting-heavy environments
Not ideal for: Core accounting or journal management

As a FloQast alternative, Workiva may not be the ideal option, even though traditional search and comparison often put them at the same place.

5. OneStream

A unified platform for close, consolidation, and planning, OneStream is ideal for multinational corporations. Its strength lies in combining CPM and close features under one roof.

Consider if: You require advanced financial modelling alongside consolidation
Watch out for: Complexity and implementation time

OneStream and FloQast are both alternatives for financial close management, but they serve different markets and needs. 

OneStream is a unified, enterprise-grade platform designed for mid to large-sized organisations. FloQast, on the other hand, is known for its intuitive workflow and reconciliation management, making it a strong fit for teams seeking visibility and audit readiness in the close process. 

OneStream is more complex and powerful but comes with a steeper learning curve, while FloQast is easier to use and quicker to implement

6. CCH Tagetik (by Wolters Kluwer)

A comprehensive platform for performance management and close. It’s particularly suited to companies operating under IFRS and CSRD reporting obligations.

Best for: European multinationals and finance teams with strong reporting requirements
Limitation: Requires significant configuration to align with business needs

CCH Tagetik is not a standalone accounting platform. While some companies may benefit from its capabilities, we shouldn’t forget it’s a performance management solution primarily, while offering specific finance and accounting features.

7. Oracle Cloud EPM

For organisations already using Oracle ERP, the Oracle Cloud EPM suite provides a natural extension into financial close, consolidation and reporting.

Great for: Oracle-native environments
Drawback: Less attractive for non-Oracle users

Some users consider Oracle a sufficient accounting and finance platform. Compared to the top players like FloQast and Aico, it may not offer the complete service that leads toward an efficient financial close. It fits great with the existing Oracle users, while others may have issues adapting.

FloQast Integrations: Where Do They Fall Short?

FloQast’s integrations primarily cater to cloud-first ERPs such as NetSuite, QuickBooks, and Intacct. While these connections are often sufficient for US-based firms, they may fall short for European companies using SAP or Oracle. Platforms like Aico offer native ERP integrations that reduce manual work and increase reliability across the financial close process.

Integrations are crucial in financial close solutions because they connect your financial close platform directly with your ERP and other core systems, offering:

• Real-time data access and accuracy
• Little to no manual work 
• Compliance across various platforms
• Scalability for fast-growing companies
• Faster close cycles with automated tasks

Good integrations eliminate silos, streamline processes and give finance teams more confidence in the numbers.

BlackLine vs FloQast vs Aico: Key Differences

Here’s a breakdown of the features that compare the three biggest names in the accounting and finance industry. The table will help you compare the essential features and solution usage, so you can find the best option for your European large company or enterprise:

Conclusion: Aico Is the Top FloQast Alternative for Finance Teams

For finance leaders looking beyond FloQast, Aico offers a powerful, flexible and Europe-ready platform for managing the entire close process. With robust FloQast integrations falling short for ERP-heavy or compliance-driven teams, Aico fills the gap by delivering true process automation with deep ERP connectivity, audit-ready workflows and responsive regional support.

If you’re ready to elevate your close process without compromise, it’s time to explore Aico.