The short answer
Hyphenate and FloQast are both audit & risk tools. Neither has a clear edge on the figures we track (entry price, review ratings, integrations, frameworks, customers). Best fit: Hyphenate for controllers consolidating repetitive close and reconciliation work across multiple entities and FloQast for accounting teams standardizing a multi-entity month-end close. Shortlist on fit, then compare quotes for the same scope.
Which should you choose?
Choose Hyphenate if…
- you're among controllers consolidating repetitive close and reconciliation work across multiple entities
- you're among CFO teams that want automation layered onto an existing ERP instead of an ERP migration
- you're among finance organizations needing source-linked workpapers, approvals and audit evidence
- this FloQast drawback matters to you: public pricing is limited to marketplace starting costs rather than standard list prices
Choose FloQast if…
- you're among accounting teams standardizing a multi-entity month-end close
- you're among controllers automating reconciliations and journal-entry workflows
- you're among enterprises connecting financial close with SOX compliance
- this Hyphenate drawback matters to you: pricing, plan limits and overage rates are not public
At a glance
| Attribute | Hyphenate | FloQast |
|---|---|---|
| Starting price | Custompricing as of Nov 2026 | From $22,000/yrpricing as of Oct 2026 |
| Pricing model | Annual or term subscription, quote-based | Annual subscription, package-based and quote-based |
| Free trial | No standard public trial is advertised; the services agreement permits free accounts or trial use at Hyphenate’s discretion. | Demo available; no trial offer stated. |
| Founded | 2024 | 2013 |
| Headquarters | New York, NY | Miami, FL |
| Funding | $54M raised | $300M+ raised |
| Frameworks | ASC 606, IFRS 15, SOC 1 Type 2, SOC 2 Type 2, ISO 27001, ISO 27701, GDPR, PCI DSS 4.0.1 | SOX 404a, SOX 404b, COSO, ISO 42001 |
| Coverage | Order-to-cash, treasury, GL accounting, procure-to-pay, reporting and insights | Financial close, reconciliations, accounting operations, internal audit, enterprise risk, compliance, and financial reporting |
| Integrations | NetSuite, SAP, banking systems, payroll platforms, expense tools, email and spreadsheets | 580+ integrations, including ERP, productivity, file-transfer, and API connections |
| Customers | Six public companies; customer base grew 11x in 12 months | 3,500+ global accounting teams |
| Rating | Not published | 4.6/5 on AWS Marketplace listing with external G2 and PeerSpot reviews (1,405 reviews) |
| Focus | Finance automation | Financial close and compliance management |
Figures are as published by each vendor or review site on the verification date. "Leads" marks the stronger published figure; it isn't a recommendation on its own.
Where each one leads
Neither tool has a clear edge on the figures we can compare directly (entry price, review rating, integrations, frameworks, customers, free trial).
Pricing compared
Hyphenate pricing
Custom · pricing as of Nov 2026
- CustomQuote-based
Finance workflows selected in the order form, implementation and applicable support or service commitments
Hyphenate does not publish plan prices. Customer-specific fees, subscription terms and overages are specified in an order form, and fees are quoted in US dollars. The public website directs buyers to a demo rather than self-serve checkout.
Free trial: No standard public trial is advertised; the services agreement permits free accounts or trial use at Hyphenate’s discretion.
FloQast pricing
From $22,000/yr · pricing as of Oct 2026
- Close OptimizationFrom $22,000/yr
AWS Marketplace package; final pricing requires scoping.
Centralized month-end close, workflow controls, collaboration, bottleneck analytics, real-time status visibility, and Request Agent.
- Close AutomationFrom $35,000/yr
AWS Marketplace package; final pricing requires scoping.
End-to-end reconciliations, AI transaction matching, journal-entry automation, rollforward schedules, and workflow triggers.
- Connected ComplianceFrom $30,000/yr
AWS Marketplace package; final pricing requires scoping.
404a SOX management, automated evidence collection, enterprise-risk monitoring, IT framework mapping, process analytics, and dashboards.
- Compliance ProFrom $45,000/yr
AWS Marketplace package; final pricing requires scoping.
404b SOX testing, continuous risk and operational testing, automated sampling, remediation management, and auditable AI attribute testing.
AWS Marketplace lists annual starting costs of $22,000 for Close Optimization, $35,000 for Close Automation, $30,000 for Connected Compliance, and $45,000 for Compliance Pro. The packages are independent, pricing is not per user, and final costs require scoping. Vendr reports a $24,481 median annual buyer spend from 313 purchases, which is a negotiated-contract benchmark rather than official list pricing.
Free trial: Demo available; no trial offer stated.
Key capabilities
Hyphenate
- Order-to-cash automation. Parses contracts, applies revenue policies, generates invoices, follows up on collections and matches incoming cash.
- Treasury operations. Reconciles bank activity, flags exceptions and maintains a continuously updated 13-week cash forecast.
- Close and reconciliations. Runs close tasks, reconciles accounts, drafts flux commentary and routes unresolved exceptions for approval.
- General-ledger accounting. Maintains subledgers for fixed assets, prepaids, leases and R&D capitalization and proposes audit-trailed entries.
- Procure-to-pay. Reads and codes bills, matches purchase orders, handles allocations and proposes accruals.
- Intercompany controls. Supports eliminations, allocations, transfer pricing and reconciliations across entities, currencies and ERPs.
- Reporting and insights. Maps ledger data into reports, answers finance questions in natural language and generates board-ready analysis.
FloQast
- Close workflow management. Centralizes close checklists, task ownership, deadlines, dependencies, approvals, review notes, and supporting documentation.
- Account reconciliation. Connects ERP data to reconciliation workflows for account tie-outs, sign-offs, variance review, and audit trails.
- AI close automation. Supports transaction matching, automated reconciliations, journal-entry workflows, rollforwards, variance explanations, and workflow triggers.
- SOX compliance. Supports 404a management, 404b testing, evidence collection, control mapping, automated sampling, and remediation tracking.
- Risk and audit workflows. Provides control management, enterprise-risk monitoring, operational testing, internal-audit workflows, and remediation tracking.
- Financial reporting. Supports intercompany reconciliation, multi-entity consolidation, variance analysis, custom reporting, and drill-through visibility.
- No-code AI agents. Lets accounting teams build AI-driven workflows for accruals, allocations, and other finance processes with reviewable actions.
Pros and cons
Hyphenate
Pros
- Covers five connected finance areas rather than a single point workflow.
- Supports major existing systems including NetSuite and SAP without a stated rip-and-replace requirement.
- Provides policy-aware approvals, source lineage and audit trails for agent work.
- Offers named customer case studies with implementation metrics such as Kiteworks going live in under four weeks.
Cons
- Pricing, plan limits and overage rates are not public.
- Independent review coverage and reproducible third-party accuracy benchmarks are limited.
- Implementation requires access to sensitive ERP, banking and finance data.
- The broad automation scope makes a workflow-by-workflow pilot and control review important before finance-wide deployment.
FloQast
Pros
- Combines close management, reconciliations, compliance, reporting, and AI workflows.
- Connects ERP data to reduce manual collection for reconciliations and close tasks.
- Does not charge per user, supporting broad accounting-team access within a scoped package.
- Offers SOC 2 Type II and ISO 42001 credentials for security and AI governance requirements.
Cons
- Public pricing is limited to marketplace starting costs rather than standard list prices.
- Independent packages can increase total spend when close and compliance capabilities are combined.
- Implementation and workflow customization can require substantial configuration.
- AI reconciliation may require review for complex transactions and human approval.
How they're similar
- Both are listed in our audit & risk directory.
- Both highlight integrations with SAP.
- Both use quote-based pricing, so the final price depends on scope and negotiation.
How they differ
- Focus
- Hyphenate: Finance automation
- FloQast: Financial close and compliance management
- Pricing model
- Hyphenate: Annual or term subscription, quote-based
- FloQast: Annual subscription, package-based and quote-based
- Starting price
- Hyphenate: Custom
- FloQast: From $22,000/yr
- Founded
- Hyphenate: 2024
- FloQast: 2013
- Headquarters
- Hyphenate: New York, NY
- FloQast: Miami, FL
- Funding
- Hyphenate: $54M raised
- FloQast: $300M+ raised
- Listed only for this tool
- Hyphenate: Finance automation, Revenue recognition, ASC 606, IFRS 15, Treasury, Cash application +9 more
- FloQast: Financial close, Account reconciliation, SOX 404a, SOX 404b, COSO, Internal audit +4 more
Frequently asked questions
Is Hyphenate cheaper than FloQast?
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The published prices can't be compared directly (they are quote-based, use different billing units, or aren't published), so request quotes for the same scope. Hyphenate: Custom (annual or term subscription, quote-based). FloQast: From $22,000/yr (annual subscription, package-based and quote-based). (Hyphenate pricing pricing as of Nov 2026; FloQast pricing pricing as of Oct 2026.) Total cost depends on plan, company size and add-ons.
Which is better for startups, Hyphenate or FloQast?
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Hyphenate's published positioning doesn't single out startups; its first best-fit group is "Controllers consolidating repetitive close and reconciliation work across multiple entities". FloQast's published positioning doesn't single out startups; its first best-fit group is "Accounting teams standardizing a multi-entity month-end close". Neither answer replaces a quote for your headcount and scope.
Can I switch from Hyphenate to FloQast?
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Yes. They are separate products, so switching means setting up FloQast and reconnecting your systems. Both list integrations with SAP, so those connections are available on either side. Check your Hyphenate contract term and renewal date before you commit. Data migration tooling isn't covered in our sources, so ask FloQast whether it can import your Hyphenate data.
Does Hyphenate or FloQast have more integrations?
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Hyphenate: NetSuite, SAP, banking systems, payroll platforms, expense tools, email and spreadsheets; FloQast: 580+ integrations, including ERP, productivity, file-transfer, and API connections. Vendor counts are self-reported and define "integration" differently, so check that the specific systems you use are supported.
How do Hyphenate and FloQast reviews compare?
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Hyphenate: no rating in our data; FloQast scores 4.6/5 from 1,405 reviews on AWS Marketplace listing with external G2 and PeerSpot reviews. Ratings are third-party review-site data, not our own testing.
Do Hyphenate and FloQast offer a free trial?
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Hyphenate: No standard public trial is advertised; the services agreement permits free accounts or trial use at Hyphenate’s discretion. FloQast: Demo available; no trial offer stated.
Go deeper
Hyphenate
Audit & Risk
FloQast
Audit & Risk
Sources
Vendors change pricing and features often, so confirm with each vendor before buying. How we research
Hyphenate
Last verified
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