HighRadius vs FloQast

HighRadius delivers enterprise automation. FloQast streamlines the close.

HighRadius vs FloQast Comparison
Feature / Category HighRadius FloQast
Audit, Compliance, Governance Integration Automates internal controls, audit trails, and compliance workflows such as SOX testing, enabling audit-readiness and governance oversight. Pre-built integrations with 50+ ERPs and broad system connectivity, supports bank/payment data import and external systems. Provides audit-ready visibility, documentation, and automated evidence collection — supporting substantiation and compliance workflows rather than manual audit prep. Integrates with major ERPs (NetSuite, SAP, QuickBooks, Sage Intacct, Microsoft Dynamics), as well as collaboration and cloud-storage tools; recent updates added bank data feeds (via partners like Trovata).
Scalability Scales to enterprise multi-entity environments, large volumes of transactions, multiple currencies/entities. Designed for accounting teams from mid-market to global scale, used by 3,000 + companies. Handles large entity structures, though ultra-complex enterprise data volumes may require add-ons.
Implementation (Time to Value) Process may deliver faster close (e.g., ~30% reduction) and speed-to-value methodology, though timing depends on complexity. Average go-live is ~1-3 months, with faster deployment for mid-sized teams and phased rollout for larger environments.
Complex Transaction Matching AI-driven matching rules for reconciliation and cash allocation; match rates of up to ~90–95% in some use-cases. Offers automated matching through AutoRec and AI Transaction Matching, reducing manual work while retaining review oversight.
Daily Reconciliation Supports real-time / daily reconciliation updates, continuous matching, and AI-agents for anomaly detection. Automates the close through task orchestration (often at month-end); supports daily or real-time reconciliation via API and bank feeds.
Deployment Cloud-based modular finance platform (Order-to-Cash, Record-to-Report, Treasury) supporting deployment of modules as needed. 100 % cloud-based accounting-operations platform for close, reconciliation, and compliance workflows.
Customizable Solution Configure service, AI, plugins that learn and adapt, and custom dashboards for anomaly detection. Provides configurable checklists, workflows, and dashboards, plus no-code AI Agents for workflow customization and automation.
Self Support / Administration AI agents continuously learn from data, reducing human intervention over time. Intuitive guided setup with in-app configuration; AI Agents continuously learn from user inputs to improve efficiency over time.
Customer Service Global enterprise-grade support, professional services, and large partner/implementation network. Dedicated onboarding and customer-success teams tailored to accounting workflows, strong support satisfaction among mid-market and enterprise users.
Automation & AI Extensive AI use in matching, anomaly detection, and forecasting, with automation rates up to 90–95% in some modules. Expands automation across close and reconciliation processes via AI Transaction Matching, anomaly detection, and AI Agents that handle repetitive tasks.
User Experience / Usability Modern dashboards and monitoring interfaces. "Low/Code" supports task management and analytics for finance teams. Familiar accounting-style interface using Excel-like checklists and dashboards, minimal training required.
Breadth of Features End-to-end finance automation across R2R, O2C, treasury, AP, AR, reconciliation, consolidation, and reporting. Focused on close, reconciliations, and compliance, with growing modules for audit readiness and AI-driven automation.
Reporting & Analytics Real-time dashboards and analytics to track reconciliation progress, exceptions, and KPIs. Offers real-time dashboards for close and reconciliation progress, advanced forecasting of predictive analytics limited.
Financial Close Management Full close management suite with task orchestration, journal entry automation, audit trail, and anomaly management. Provides comprehensive close-management workflows with checklists, status tracking, approvals, and collaboration visibility.
Account Reconciliation Automated reconciliation across banks, GL, sub-ledgers, with AI matching and multi-source capability. Automates reconciliations across GL, bank, and sub-ledgers with configurable templates and ERP integration.
Exception Handling AI algorithms flag anomalies, route exceptions, and support root-cause analysis via workflows. Exceptions routed through rules-based workflows; AI matching minimizes manual review though anomaly detection remains basic.
Team Collaboration Role-based task assignments, workflows, approvals, and comment tracking to support audit and close team collaboration. Built-in collaboration with comments, task assignments, and real-time status updates to coordinate accounting teams.

Which tool to choose?

FloQast focuses on close management and team collaboration. It’s intuitive, quick to deploy (often in under two months), and ideal for accounting teams looking to improve visibility and efficiency around the month-end close.

However, its automation depth is limited mainly to checklisting, reconciliations, and task workflows.

HighRadius delivers a far broader enterprise solution — automating close, reconciliation, and related finance functions through AI-driven “agents.”

It’s well-suited for large, complex organizations that need deep automation and integration across multiple ERPs and transaction systems. The trade-off is greater implementation complexity and IT involvement.

Solvexia, by contrast, blends the breadth of HighRadius with the simplicity and agility of FloQast. It enables finance teams to automate reconciliations, analytics, and reporting end-to-end — with no coding, minimal IT dependency, and a typical go-live in 8–12 weeks.

Its strength lies in handling complex, high-volume reconciliations and exception management while remaining finance-owned, configurable, and cloud-native. This makes Solvexia a powerful choice for organizations seeking enterprise-grade automation without the overhead or rigidity of traditional platforms.

Trade-offs

SolveXia Competitive Comparison
Trade Offs HighRadius FloQast Why SolveXia is the Better Option
Complexity of Deployment Enterprise-grade platform with deep automation but complex implementation — typically requires IT, data integration, and change management. Quick deployment (≈1–2 months) for accounting teams; narrow focus on close and reconciliations. Solvexia deploys in 2–3 months, with finance-led setup — broad automation scope, no heavy IT or replatforming required.
Automation Scope Full end-to-end finance suite (O2C, R2R, Treasury); extensive features but typically used by mature finance teams. Automation focused primarily on close, reconciliations, and task workflows. Depth extending with AI Agents. Solvexia delivers end-to-end automation for reconciliations, close, and controls — bridging the gap between HighRadius.
Scalability & Control Scales globally but complexity and IT dependency can limit agility and speed of change. Ideal for mid-sized or department teams; limited multi-ERP or enterprise-scale support. Solvexia scales from mid-size to enterprise with no-code configuration, maintaining agility, transparency, and control for finance.
User Experience Rich functionality but more technical and complex — slower to adopt; designed for accountants and controllers. Highly intuitive and collaborative UI designed for accountants and controllers. Solvexia blends both — an intuitive interface with enterprise-grade automation, purpose-built for finance teams (no coding).
Exception Handling AI-driven anomaly detection and workflow-based exception resolution for high-volume data. Manual exception handling or routing via task assignments and sign-offs. Solvexia automates exception investigation using AI-assisted matching and rule-based logic, resolving most cases automatically.
Ongoing Ownership Typically IT- or vendor-managed; configuration requires technical expertise or support. Business-led, but limited customization beyond workflow templates. Solvexia is fully finance-owned — teams can build, extend, and automate processes independently with no IT reliance.
Cost & ROI Designed for large enterprise budgets; ROI realized over multi-quarter cycles. Lower cost and fast ROI, but limited to close-process gains. Solvexia delivers enterprise-grade ROI at mid-market speed — measurable time and error reduction within 12 months.

Why choose Solvexia?

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The Power of Enterprise Automation — Without the Complexity

HighRadius delivers deep, AI-powered automation for enterprise finance teams — spanning reconciliations, journal entries, and forecasting — but that power comes with longer setup, integration complexity, and IT reliance.

FloQast, on the other hand, is fast to deploy and highly intuitive, but its automation remains focused on close management, reconciliations, and workflow visibility.

Solvexia brings the best of both worlds — enterprise-grade automation in a no-code, finance-led platform. It combines HighRadius’s scale with FloQast’s simplicity, so teams can automate reconciliations, analytics, and reporting with unmatched ease and agility.

Beyond Close Management — True End-to-End Automation

FloQast helps accounting teams streamline the month-end close, but it stops short of full process automation beyond close and reconciliation workflows.

HighRadius spans the Record-to-Report (R2R) and Order-to-Cash (O2C) cycles, yet requires extensive configuration and IT integration to tailor it to each environment.

Solvexia bridges the gap — enabling finance teams to automate reconciliations, exception handling, variance analysis, and reporting end-to-end. It connects seamlessly to ERPs, banks, and payment systems, providing complete visibility across all data sources.

Fast to Implement, Easy to Own

FloQast is known for its rapid onboarding (≈4–8 weeks), while HighRadius projects often take 6–12 months due to enterprise scope and multi-system integration.

Solvexia typically goes live in 8–12 weeks, but once deployed, finance teams can self-configure and expand automations within days — no IT build, no vendor bottlenecks.

Ownership stays entirely with finance, giving teams control to evolve their processes at their own pace.

Smarter Automation, Built for Results

HighRadius uses AI agents to automate high-volume transaction matching, journal posting, and anomaly detection.

FloQast optimizes workflow transparency and team collaboration with emerging AI features.

Solvexia goes further — delivering up to 98 % reduction in manual work, 100× faster reconciliations, and configurable automation that scales as processes evolve.

It’s the intelligent middle ground between enterprise depth and agile simplicity.

Control in Finance’s Hands

FloQast enhances collaboration across accounting teams; HighRadius centralizes automation but depends on IT for configuration and change management.

Solvexia empowers finance to take full control — to design, deploy, and scale automation in a no-code, business-owned environment.

Teams gain speed, flexibility, and independence without compromising governance, auditability, or compliance.

Fast.
Reliable.
Transparent.

99
%
match rate
100
x
faster processing
6-12
months to ROI
98
%
fewer errors

Don't take our word for it.
See what customers are saying.

4.7 / 5

4.6 / 5

"The Solvexia product is very helpful with matching transactions between multiple large quantities of data."

Finance Associate - Banking
"I’ve been working in the IT industry for 25 years and it’s rare to see a vendor like Solvexia… Usually you will be a bit disappointed when the implementation is ongoing, the system will have a lot of restrictions and limitations, but with Solvexia, it’s quite the opposite. The system has really been tailor suited for us"
Arvin Reyes
Head of IT at Philippine Seven Corporation
Read full customer story

500k

transactions reconciled daily
"They make the effort to understand why I want to do things and suggest ways that I haven’t thought of to make the process easier which I really appreciate"
Alisa Donato
Accounts Receivable Accountant

‍
Read full customer story

30+

PSPs reconciled
"We are now able to complete the complex reconciliations within a matter of minutes - even seconds"

Nino Thurber-Gonzales
Strategic Finance Business Partner

‍
Read full customer story

15

Currencies reconciled

Frequently asked questions

How do HighRadius and FloQast differ in focus?

HighRadius is designed for large enterprises, automating the full Record-to-Report (R2R) cycle — including close, reconciliations, cash applications, and payments — through AI-powered agents.

FloQast focuses on month-end close management, helping accounting teams streamline checklists, reconciliations, and team collaboration with an intuitive interface.

Solvexia bridges both worlds — combining enterprise-grade automation with finance-led usability, enabling reconciliations, analytics, and reporting in a single no-code platform.

Which platform is faster to implement?

FloQast typically goes live in 4–8 weeks, requiring minimal setup for accounting teams.

HighRadius implementations take longer — often 6–12 months — involving configuration, integrations, and IT participation due to enterprise scope.

Solvexia deploys in 8–12 weeks, but once configured, finance teams can be live within days, with no additional technical setup or external development.

Do these tools require a lot of technical resources?

HighRadius typically requires IT involvement for setup, integration, and ongoing maintenance — appropriate for large enterprise environments.

FloQast needs limited technical input, mainly during ERP integration and user administration.

Solvexia is fully no-code, so finance teams can build, modify, and extend automations independently with minimal or no IT support once live.

Who are HighRadius and FloQast best suited for?

FloQast: Best for mid-sized accounting teams seeking to improve close visibility, control, and collaboration.

HighRadius: Ideal for large enterprises managing multiple ERPs, global entities, and high transaction volumes requiring end-to-end automation.

Solvexia: Perfect for organizations that want enterprise-level automation with finance-led simplicity — flexible, scalable, and fast to deliver ROI.

How does ongoing ownership compare?

HighRadius configurations are typically IT- or vendor-managed, with technical expertise required for ongoing changes.

FloQast is accounting-led, but customization is limited to predefined templates and workflows.

Solvexia gives finance full ownership to design, deploy, and scale automations — adding reconciliations, workflows, or dashboards without coding or vendor dependence.

Which platform delivers faster ROI?

FloQast provides quick process improvements and productivity gains but limited automation ROI beyond the close.

HighRadius delivers deep automation ROI across the finance function, though benefits materialize over a longer timeframe due to complex rollout.

Solvexia achieves ROI within 12 months, reducing manual effort by up to 98 % and accelerating reconciliations up to 100× faster — combining speed and depth in one solution.

Is Solvexia a replacement for FloQast or HighRadius?

Not necessarily — it can complement or replace either.

Many organizations adopt Solvexia to extend automation beyond the close, integrating data across ERPs, banks, and other business systems while keeping automation fully finance-owned.

It can serve as a stand-alone platform or a bridge between existing systems, enhancing control, speed, and visibility.