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Software · head to head

FloQast vs Fyle

FloQast logo

FloQast

Software

Close management software for accounting teams

From
$29/month
Rated
-
Full reviewWebsite
Fyle logo

Fyle

Software

Real-time expense management that works with your cards

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: 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; Fyle billed per active user, defined as anyone who creates an expense or has a connected card with transactions in the month, so headcount does not predict the bill
  • They diverge on capability: FloQast covers Close management, Fyle covers Real-time card tracking.

Where they differ

Only the attributes on which FloQast and Fyle actually diverge.

Attributes where FloQast and Fyle differ
AttributeFloQastFyle
PlatformsWebWeb, Ios, Android
Founded20132016

Identical on both: starting price ($29/month), pricing model (subscription), free tier (No), user rating (Not yet rated), category (Unknown).

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 FloQast

  • Close management
  • Reconciliation
  • Flux analysis
  • Audit prep
  • Team collaboration
  • Sage
  • Excel
  • SOC 2

Only in Fyle

  • Real-time card tracking
  • Automatic receipt matching
  • Expense policies
  • Approval workflows
  • Mileage tracking
  • Xero
  • Sage Intacct
  • Slack

Both cover

  • NetSuite
  • QuickBooks
  • GDPR
  • Web support

What people use each for

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

FloQast

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

Fyle

  • Expense reporting and corporate card reconciliationnot FloQast
  • Enforcing spend policy and approvals before reimbursementnot FloQast

Where each one falls short

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

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

Fyle

  • Billed per active user, defined as anyone who creates an expense or has a connected card with transactions in the month, so headcount does not predict the bill
  • The Growth plan carries a 5 user minimum and the Business plan a 10 user minimum, so the entry cost is set by the floor rather than the team
  • API access and the Sage Intacct and NetSuite integrations require a paid tier
  • ACH reimbursements and project expense tracking sit above the entry plan
  • Both published plans are billed annually
  • Enterprise pricing is custom and aimed at organisations with 250 or more employees

Pricing, plan by plan

FloQast

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

Fyle

$29/month
  • Standard$8/month
    • Real-time card feeds
    • Receipt matching
    • Basic approvals
  • Business$12/month
    • Advanced policies
    • Custom workflows
    • Analytics
  • Enterprise$undefined/month
    • Unlimited users
    • API access
    • Priority support

Which should you pick?

Choose FloQast if

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

Choose Fyle if

  • You need real-time card tracking.
  • You work on Web, Ios, Android.
  • You also want automatic receipt matching.
Fyle review

Questions people ask

Is FloQast or Fyle better?
Neither clearly leads. FloQast starts at $29/month and Fyle at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FloQast or Fyle?
FloQast starts at $29/month and Fyle at $29/month.
Does FloQast or Fyle run on more platforms?
FloQast runs on Web. Fyle runs on Web, Ios, Android.
What is FloQast best used for?
FloQast is most often used for managing the accounting close with checklists and reconciliations, automating account reconciliation and compliance workflows. Of those, managing the accounting close with checklists and reconciliations and automating account reconciliation and compliance workflows are not what Fyle is typically brought in for.
What can FloQast do that Fyle cannot?
FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Fyle covers Real-time card tracking, Automatic receipt matching, Expense policies, Approval workflows. Both handle NetSuite, QuickBooks, GDPR, Web support.
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Related pages

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