FloQast vs Fusion Equation

FloQast8.1Visit Fusion Equation6.6Visit

Higher score FloQast #2 in Reconciliation Software 8.1/10 Pricing on request ✓ 1 of 3 features Visit FloQast

vs

Fusion Equation #8 in Reconciliation Software 6.6/10 Pricing on request ✓ 0 of 3 features Visit Finastra

• FloQast fits best

  Mid-market and enterprise financial close teams

• Fusion Equation fits best

  Banks needing reconciliation-adjacent core processing

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Side by side

Feature	FloQast 8.1/10 Visit ↗	Fusion Equation 6.6/10 Visit ↗
At a glance
Editor score	8.1	6.6
Ranking	#2 in Reconciliation Software	#8 in Reconciliation Software
Best for	Mid-market and enterprise financial close teams	Banks needing reconciliation-adjacent core processing
Pricing model	Paid	Paid
Starting price	Not published	Not published
Free plan	—	Not published
Free trial	—	—
Deployment	Cloud	Cloud, Self-hosted
Platforms	Web	Web
Support	Phone, Tickets, Docs	Community
Integrations	20 integrations	7 integrations
Built for	Mid-market, Enterprise	Mid-market, Enterprise
Features FloQast 1/3 · Fusion Equation 0/3
Bank reconciliation	Not published	Not published
Payment reconciliation	Not published	Not published
Audit trail	✓ (best)	Not published
Specs
Matching methods	Not published	Not published
Data sources	Not published	Not published
Transaction limit	Not published	Not published
Our review
Pros	Connects close tasks, dependencies, approvals, and audit evidence. Automates reconciliations, transaction matching, and journal entry workflows. Supports multi-entity reporting and integrations with major ERP systems.	Combines deposit, savings, lending, payments and treasury processing Supports real-time limit checks, exposure monitoring and risk reporting Offers open APIs and cloud or self-hosted deployment
Cons	Pricing is sold through Contact Sales rather than published numerical plans. There is no free plan for evaluating the platform. The platform is web-based and cloud-deployed, not desktop software.	No dedicated reconciliation workflow is described Pricing requires contacting sales Its broad core-banking scope may not suit teams seeking a focused reconciliation tool
Our verdict	FloQast is a cloud-based accounting workflow platform for finance and accounting teams managing period-end close and related processes. It brings task tracking, documentation, reconciliations, approvals, controls, reporting, and compliance… Read the review →	Fusion Equation is Finastra’s core banking platform for retail, corporate and universal banking operations. It brings account services, deposits, lending, payments, treasury and reporting together, with support for both Islamic and… Read the review →

Strengths and trade-offs

• FloQast — where it wins

  • Connects close tasks, dependencies, approvals, and audit evidence.
  • Automates reconciliations, transaction matching, and journal entry workflows.
  • Supports multi-entity reporting and integrations with major ERP systems.

  Where it doesn't

  • Pricing is sold through Contact Sales rather than published numerical plans.
  • There is no free plan for evaluating the platform.
  • The platform is web-based and cloud-deployed, not desktop software.

• Fusion Equation — where it wins

  • Combines deposit, savings, lending, payments and treasury processing
  • Supports real-time limit checks, exposure monitoring and risk reporting
  • Offers open APIs and cloud or self-hosted deployment

  Where it doesn't

  • No dedicated reconciliation workflow is described
  • Pricing requires contacting sales
  • Its broad core-banking scope may not suit teams seeking a focused reconciliation tool

• FloQast8.1/10 · Pricing on request

  A cloud platform for coordinating close, reconciliations, reporting, and compliance.

  Visit FloQastFull verdict →
• Fusion Equation6.6/10 · Pricing on request

  A broad banking platform with reconciliation-adjacent capabilities, not a dedicated reconciliation workflow.

  Visit FinastraFull verdict →