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Head-to-head · Financial Close Software

FloQast vs novacly

  • Updated Oct 2026
  • Both researched from official sources
  • 6 checks side by side
Higher score FloQast #1 in Financial Close Software 9.3/10 Pricing on request ✓ 5 of 5 features Visit FloQast
novacly #7 in Financial Close Software 8.5/10 Free plan Free plan✓ 5 of 5 features Visit novacly

FloQast leads on 0 checks, novacly on 1, and 5 are even. Who comes out ahead on the 6 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreFloQast · 9.3/10
  • Free planonly novacly

FloQast scores higher on our rubric for financial close software: 9.3 against 8.5 out of 10; our editors rank them #1 and #7.

novacly offers free plan; FloQast doesn't. On erp connectivity, novacly gives you Api where FloQast offers Native.

FloQast is the better fit for mature teams needing comprehensive close control. novacly is the better fit for budget-conscious teams wanting broad close coverage.

  • FloQast fits best

    Mature teams needing comprehensive close control

  • novacly fits best

    Budget-conscious teams wanting broad close coverage

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature FloQast 9.3/10 Visit ↗ novacly 8.5/10 Visit ↗
At a glance
Editor score 9.3 8.5
Ranking #1 in Financial Close Software #7 in Financial Close Software
Best for Mature teams needing comprehensive close control Budget-conscious teams wanting broad close coverage
Pricing model Paid Free plan + paid
Starting price — —
Free plan — ✓ (best)
Free trial — —
Deployment Cloud Cloud
Platforms Web Web
Support Phone, Tickets, Docs Email
Compliance SOC 2 GDPR, 2FA
Integrations 20 integrations 3 integrations
Built for Mid-market, Enterprise Mid-market, Enterprise
Features FloQast 5/5 · novacly 5/5
Task dependencies ✓ ✓
Approval workflows ✓ ✓
Audit trail ✓ ✓
Multi-entity close ✓ ✓
Recurring templates ✓ ✓
Specs
ERP connectivity Native Api
Our review
Pros
  • Centralizes close tasks, dependencies, approvals, and audit evidence
  • Automates reconciliations, transaction matching, and journal entries
  • Supports multi-entity visibility, compliance workflows, and ERP connectivity
  • Free beta access includes all 200+ features and unlimited entities
  • Covers close management, reconciliations, journals, consolidation, and FP&A
  • Audit logging, Excel support, and AI-assisted finance workflows are included
Cons
  • Pricing requires a sales contact
  • No free plan is available
  • The full scope may exceed the needs of smaller teams
  • Live integrations are limited to Excel, CSV, and API
  • Native QuickBooks, Xero, NetSuite, and Sage connectors are roadmap items
  • The platform is currently in beta
Our verdict

FloQast is an accounting workflow automation platform for finance and accounting teams managing period-end close, reconciliations, approvals, reporting, and compliance. It is designed for accountants, controllers, internal audit teams, and…

Read the review →

novacly is a cloud platform for financial close, consolidation, reporting, budgeting, and forecasting. It is designed for finance teams managing multiple entities, including mid-market organizations, private-equity portfolio rollups,…

Read the review →
  1. FloQastFinancial Close Software 9.3Pricing on request
  2. novaclyFinancial Close Software 8.5Free plan

Strengths and trade-offs

  • FloQast — where it wins

    • Centralizes close tasks, dependencies, approvals, and audit evidence
    • Automates reconciliations, transaction matching, and journal entries
    • Supports multi-entity visibility, compliance workflows, and ERP connectivity

    Where it doesn't

    • Pricing requires a sales contact
    • No free plan is available
    • The full scope may exceed the needs of smaller teams

  • novacly — where it wins

    • Free beta access includes all 200+ features and unlimited entities
    • Covers close management, reconciliations, journals, consolidation, and FP&A
    • Audit logging, Excel support, and AI-assisted finance workflows are included

    Where it doesn't

    • Live integrations are limited to Excel, CSV, and API
    • Native QuickBooks, Xero, NetSuite, and Sage connectors are roadmap items
    • The platform is currently in beta
  • FloQast9.3/10 · Pricing on request

    A mature close platform for teams that need control across accounting and compliance.

    Visit FloQastFull verdict →
  • novacly8.5/10 · Free plan

    Broad close coverage at no platform cost during beta, with limited live integrations.

    Visit novaclyFull verdict →

More comparisons

All financial close software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update