FloQast vs Workiva Wdesk comparison

Why PeerSpot?

FloQast and Workiva are both solutions in the Financial Close Software category. FloQast is ranked #6 with an average rating of 9.0, while Workiva is ranked #9. FloQast holds a 3.5% mindshare in FCS, compared to Workiva’s 5.6% mindshare. Additionally, 100% of FloQast users are willing to recommend the solution, compared to 71% of Workiva users who would recommend it.

FloQast

Read 2 FloQast reviews

607 Views
607 Comparison Views

100% willing to recommend

Workiva Wdesk

Read 7 Workiva Wdesk reviews

5,054 Views
910 Comparison Views

71% willing to recommend

FloQast

Workiva Wdesk

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between FloQast and Workiva Wdesk based on real PeerSpot user reviews.

Find out what your peers are saying about Sage, Blackline, OneStream and others in Financial Close Software.

To learn more, read our detailed Financial Close Software Report (Updated: August 2026).

Buyer's Guide

Financial Close Software

August 2026

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Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

FloQast

Ranking in Financial Close Software

6th

Average Rating

8.6

Number of Reviews

Ranking in other categories

No ranking in other categories

Workiva Wdesk

Ranking in Financial Close Software

9th

Average Rating

7.0

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

Business Performance Management (16th), GRC (10th)

Mindshare comparison

As of September 2026, in the Financial Close Software category, the mindshare of FloQast is 3.5%, down from 5.0% compared to the previous year. The mindshare of Workiva Wdesk is 5.6%, down from 6.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Financial Close Software Mindshare Distribution
Product	Mindshare (%)
FloQast	3.5%
Workiva Wdesk	5.6%
Other	90.9%

Financial Close Software

Featured Reviews

Jusitn Jusitn

Senior Accountant

Month-end close has become faster and team now focuses on higher-value reconciliation work

FloQast has positively impacted our organization by decreasing our month-end close time from 10 days to five days. The reduction in close time has affected my team and the organization overall by making things a lot more clear and streamlined. Our preparer can log in at the beginning of the day, see what is on their to-do list, what is high priority, and at the higher level, it allows us to focus on our value-add tasks and not focus so much on the rudimentary administrative month-end close task of compiling checklists and compiling support, as FloQast more or less automates all that for us.

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Thomas Edward Biller

Senior Financial Analyst at Bakelite Synthetics

Allows multiple users, each responsible for specific sections, to collaborate efficiently

One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel. Sometimes, the features available in their versions of these applications fell short of the company's standards, which could be limiting. Having access to the latest versions might increase costs, but it is essential to keep up with the evolving technology landscape and meet the demands of companies that require faster reporting processes. This would make it easier to handle custom requests and adjustments, like creating specific data categories in Excel and seamlessly transferring them into Wdesk for presentations without the need for time-consuming manual adjustments.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"FloQast has positively impacted our organization by decreasing our month-end close time from 10 days to five days."

"FloQast has positively impacted my organization by helping our month-end close be more streamlined, and at my previous company, it helped us go from a 15-day close to a 10-day close and then a 6-day close."

"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."

"It makes the compliance process more efficient and more effective."

"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."

"The collaboration within the platform is valuable."

"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."

"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."

"The cross-functionality between connectivity, whether through API connections between different software platforms or the connection of data collection to the actual written ESG report, is highly valuable. The connectivity of all these aspects significantly aids in data assurance, which I consider a bonus."

Cons

"FloQast could be improved with more robust automations, meaning if a reviewer marks it reviewed in the support, that could be reflected in FloQast as well, and vice versa."

"The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandatory or voluntary reporting requirements, leading to lost linkage connections that must be manually reset each time a change is made. This aspect is not functional now, and I see it as an opportunity for improvement."

"The speed must be improved."

"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."

"The most critical issue is the need to shift between uppercase and lowercase."

"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."

"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."

"Regarding the solution, reporting has certain areas that can be considered for improvement."

Pricing and Cost Advice

Information not available

"Our clients in Asia think that the solution is too expensive."

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Top Industries

By visitors reading reviews

Comms Service Provider

13%

Financial Services Firm

11%

Construction Company

Computer Software Company

Financial Services Firm

15%

Manufacturing Company

Construction Company

Outsourcing Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

By reviewers
Company Size	Count
Small Business	1
Midsize Enterprise	1
Large Enterprise	5

Questions from the Community

What needs improvement with FloQast?

I think FloQast could be improved, especially their flux module, by having a more powerful feature to allow teams to flux at a more granular level, such as a vendor level detail flux.

See all answers

What is your primary use case for FloQast?

For our main use case with FloQast, we utilize it for month-end close tracking, reconciliation, and close management, as well as our fluxes. A specific example of how I use FloQast for month-end cl...

See all answers

What advice do you have for others considering FloQast?

The advice I would give to others looking into using FloQast is that user adoption is key, ensuring every single accounting staff member and management are leveraging the tool because if not everyo...

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Product Reports

Buyer's Guide

Financial Close Software

August 2026

Download FloQast product report

Buyer's Guide

Workiva Wdesk

August 2026

Download Workiva Wdesk product report

Also Known As

No data available

Wdesk

Overview

FloQast offers accounting teams a user-friendly cloud-based platform that streamlines the financial close process, enhancing accuracy and efficiency.

FloQast is designed to empower accounting departments by simplifying and automating the close process. Integrating with existing systems, it provides visibility and control over workflows, fostering collaboration among team members. Organizations benefit by achieving faster closes without sacrificing accuracy, reducing manual work and allowing teams to focus on strategic tasks.

What are the key features of FloQast?

Workflow Management: Streamlines processes and ensures accountability by assigning specific tasks to team members.
Integration Capabilities: Seamlessly connects with popular ERP and accounting systems for coherent data flow.
Reconciliation Management: Automates reconciliation tasks, reducing errors and time consumption.
Real-time Collaboration: Facilitates ongoing communication and updates within teams to maintain workflow consistency.

What benefits should users consider in their reviews?

Increased Efficiency: Reduces closing time, allowing teams to allocate resources to analytical tasks.
Improved Accuracy: Enhances data reliability by automating traditional manual processes.
Enhanced Visibility: Offers comprehensive dashboards for tracking progress and performance metrics.

In industries like finance and healthcare, FloQast is implemented to address specific industry challenges such as compliance and reporting requirements. Companies in these sectors leverage its automation capabilities to ensure regulatory standards are met while maintaining financial integrity.

FloQast

Workiva Wdesk specializes in updating financial results with seamless API connectivity and strong data assurance. Valued for its effective compliance processes, the platform enhances collaboration, making it efficient for financial data handling and reporting schedules.

Known for its integration with ERP tools, Workiva Wdesk supports standardized data flow, easing management and document replication for updates. Its user-friendly interface facilitates efficient collaboration for tasks like SOX, internal audit, and SEC filings. However, users point out the need for better compatibility with PowerPoint and Excel features, improved search functionality, and enhanced data linkage management. There are also concerns regarding encoding, data loss during server refreshes, and workflow inefficiencies.

What are the key features of Workiva Wdesk?

Seamless API Connectivity: Allows for easy integration with existing systems.
Data Assurance: Provides robust backup and security.
User-Friendly Interface: Simplifies navigation and task management.
ERP Integration: Supports standardized data flow and document updates.
Collaboration Tools: Enhances teamwork with multiple contributors on projects.

What benefits should users expect?

Improved Financial Reporting: Streamlined report generation for SEC filings and financial reporting.
Enhanced Compliance: Effective processes for SOX and internal audits.
Efficient Data Management: Standardized data flow and document handling.
Increased Productivity: User-friendly interface aids swift adoption and use.

Workiva Wdesk is extensively used across industries for creating and managing board deck presentations, aiding teams in generating annual reports and preparing detailed reports including data tables. It facilitates collaboration in financial settings, addressing needs in compliance, risk management, and audit preparation.

Workiva

Sample Customers

Camp Gladiator, Ruckus Wireless, Proctor U, Redbuilt, Talen Energy

Noodles Company, eBay, Winnebago, American Assets Trust, AmericanEnterprise, Calpian, Capstone Infrastructure, Cascades, Circor International, Coeur Mining, Davey, Dr Pepper Snapple

Buyer's Guide

Financial Close Software

August 2026

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