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Accounting & Finance · head to head

Empower vs FloQast

Empower logo

Empower

Accounting & Finance

All your finances. One app.

From
$29/month
Rated
-
Full reviewWebsite
FloQast logo

FloQast

Accounting & Finance

Close management software for accounting teams

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Empower empower's managed advisory tiers require a minimum of $100,000 in investable assets for Personal Strategy and $1,000,000 for Private Client, with exact advisory fee percentages deferred to the Form ADV filing rather than published on the site.; FloQast no pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • They diverge on capability: Empower covers Net worth tracking, FloQast covers Close management.

Where they differ

Only the attributes on which Empower and FloQast actually diverge.

Attributes where Empower and FloQast differ
AttributeEmpowerFloQast
Pricing modelfreemiumsubscription
PlatformsWeb, Ios, AndroidWeb
Founded20092013

Identical on both: starting price ($29/month), free tier (No), user rating (Not yet rated), category (Accounting & Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Empower

  • Net worth tracking
  • Investment tracking
  • Retirement planner
  • Cash flow
  • 401k fee analyzer
  • Bank connections
  • Brokerage accounts
  • Bank-level encryption

Only in FloQast

  • Close management
  • Reconciliation
  • Flux analysis
  • Audit prep
  • Team collaboration
  • NetSuite
  • QuickBooks
  • Sage

Both cover

  • SOC 2
  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Empower

  • Wealth trackingnot FloQast
  • Retirement planningnot FloQast
  • Investment analysisnot FloQast

FloQast

  • Managing the accounting close with checklists and reconciliationsnot Empower
  • Automating account reconciliation and compliance workflowsnot Empower

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Empower

  • Empower's managed advisory tiers require a minimum of $100,000 in investable assets for Personal Strategy and $1,000,000 for Private Client, with exact advisory fee percentages deferred to the Form ADV filing rather than published on the site.

FloQast

  • No pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • The product is split into five separately packaged solution categories
  • Every route to a figure runs through a personalised demo

Pricing, plan by plan

Empower

$29/month
  • Free ToolsFree
    • Net worth tracking
    • Cash flow
    • Investment checkup
  • Wealth ManagementFree
    • 0.89% AUM fee
    • Dedicated advisor
    • Tax optimization

FloQast

$29/month
  • StandardFree
    • Custom pricing
    • Close management
    • Reconciliation

Which should you pick?

Choose Empower if

  • You need net worth tracking.
  • You work on Web, Ios, Android.
  • You also want investment tracking.
Empower review

Choose FloQast if

  • You need close management.
  • You also want reconciliation.
FloQast review

Questions people ask

Is Empower or FloQast better?
Neither clearly leads. Empower starts at $29/month and FloQast at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Empower or FloQast?
Empower starts at $29/month and FloQast at $29/month.
Does Empower or FloQast run on more platforms?
Empower runs on Web, Ios, Android. FloQast runs on Web.
What is Empower best used for?
Empower is most often used for wealth tracking, retirement planning, investment analysis. Of those, wealth tracking and retirement planning are not what FloQast is typically brought in for.
What can Empower do that FloQast cannot?
Empower covers Net worth tracking, Investment tracking, Retirement planner, Cash flow. FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Both handle SOC 2, Web support.
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