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Accounting · head to head

FloQast vs Modern Treasury

FloQast logo

FloQast

Accounting

Close management software for accounting teams

From
$29/month
Rated
-
Full reviewWebsite
Modern Treasury logo

Modern Treasury

Accounting

Payment operations and ledger infrastructure that sits between your product and your own bank accounts

From
On request
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; Modern Treasury you must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.
  • They diverge on capability: FloQast covers Close management, Modern Treasury covers Multi-rail payment initiation.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which FloQast and Modern Treasury actually diverge.

Attributes where FloQast and Modern Treasury differ
AttributeFloQastModern Treasury
Starting price$29/monthOn request
Pricing modelsubscriptionquote
Founded2013Unknown

Identical on both: free tier (No), platforms (Web), user rating (Not yet rated), category (Accounting).

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
  • NetSuite
  • QuickBooks
  • Sage

Only in Modern Treasury

  • Multi-rail payment initiation
  • Bank connectivity
  • Ledgers
  • Automatic reconciliation
  • Approval workflows
  • Virtual accounts
  • Compliance tooling
  • Return and exception handling

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 Modern Treasury
  • Automating account reconciliation and compliance workflowsnot Modern Treasury

Modern Treasury

  • A marketplace paying out to thousands of sellers that needs a ledger its application can trust rather than reconciling a payments dashboard by handnot FloQast
  • A lender originating and servicing loans that must track disbursements, repayments and returns against its own bank accountsnot FloQast
  • A company that wants to move off a banking as a service provider and hold its own bank accounts after seeing sponsor banks offboard fintech programmesnot FloQast
  • An insurer handling premium collection and claims payment across several rails with approval controls and an auditable trailnot 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

Modern Treasury

  • You must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.
  • Pricing rests on an annual minimum commitment, and companies that miss their volume forecast pay the minimum regardless, which makes the headline per-transaction rate close to irrelevant in year one.
  • Supported bank connectivity is a finite list, so if your bank is not on it you are either waiting for an integration or changing banks, which is a far larger project than adopting the software.
  • It is software over banking, not banking, so it does not solve card issuing, deposit accounts or the licensing questions that a company embedding financial products still has to answer elsewhere.
  • The ledger is genuinely good but adopting it properly means making it the source of truth for balances in your product, which is a significant application change rather than a payments integration and is where implementations run long.

Pricing, plan by plan

FloQast

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

Modern Treasury

On request
  • Modern Treasury Platform$undefined/year
    • Platform access fee covering API, dashboard, infrastructure and support
    • Usage-based fees across ACH, wires, RTP, FedNow, push to card, cheques and stablecoins
    • A single annual minimum commitment that both platform and usage fees count towards

Which should you pick?

Choose FloQast if

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

Choose Modern Treasury if

  • You need multi-rail payment initiation.
  • You also want bank connectivity.
Modern Treasury review

Questions people ask

Is FloQast or Modern Treasury better?
Neither clearly leads. FloQast starts at $29/month and Modern Treasury at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FloQast or Modern Treasury?
FloQast starts at $29/month and Modern Treasury at On request.
Does FloQast or Modern Treasury run on more platforms?
Both run on Web, so platform support will not decide this one for you.
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 Modern Treasury is typically brought in for.
What can FloQast do that Modern Treasury cannot?
FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Modern Treasury covers Multi-rail payment initiation, Bank connectivity, Ledgers, Automatic reconciliation.

Answered from the vendors’ own pages

FloQast: How much does FloQast cost?

FloQast does not publish specific pricing with dollar amounts. Instead, the company offers customized packages that scale with business outcomes rather than seat count. Pricing is tailored to each organization's unique needs, scope, and scale.

Source
Modern Treasury: Is Modern Treasury a bank or a banking as a service provider?

Neither. You hold your own bank accounts and it is software over them. That avoids sponsor bank concentration risk but means you need the bank relationship yourself.

FloQast: Does FloQast charge per user?

No. FloQast explicitly states 'No Per-User Fees. Pricing Built Around Value, Not Headcount.' The company's pricing is customized to organizational requirements rather than based on the number of users.

Source
Modern Treasury: What does it cost?

Not published. A platform access fee plus usage fees across rails, on an annual term with a single minimum commitment. Negotiate the minimum, not the per-transaction rate.

FloQast: What is FloQast's pricing model?

FloQast uses a value-based pricing approach with customizable packages across solutions like Close Management, Compliance & Risk, Financial Reporting, and AI Automation. Each organization receives a personalized pricing recommendation based on their unique challenges and objectives.

Source
Modern Treasury: Which rails are supported?

ACH, wires, RTP, FedNow, push to card, cheques and stablecoin payments, subject to what your bank supports.

Modern Treasury: Do we still need our own compliance programme?

Yes. KYB, KYC and transaction monitoring are included in the platform, but you are the one holding the accounts and the regulatory obligation sits with you and your bank.

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