Transforming Month-End Close with FloQast
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50% Faster Close | Improved Visibility | Audit-Ready Processes
Client Snapshot
Industry: SaaS and Ecommerce
Region: United States
ERP: NetSuite and Microsoft Dynamics 360
Structure: Multi-entity (Global Companies)
A growing SaaS company facing increasing complexity in financial close as transaction volumes and team size expanded.
The Challenge
As the business scaled, the finance team struggled with an unstructured close process:
- Close cycle stretched to 10–12 days
- No centralized checklist or task ownership
- Reconciliations scattered across spreadsheets
- Limited visibility for leadership during close
- Audit preparation required significant manual effort
Result: Delayed reporting, inefficiencies, and audit stress
Our Solution
Exfynia implemented a structured close framework using FloQast, combining process design with system integration.
Key Actions Taken
- Designed a standardized close checklist with clear ownership
- Implemented account-wise reconciliation templates
- Integrated NetSuite/Microsoft Dynamics with FloQast for real-time data sync
- Established review and approval workflows
- Centralized all supporting documents within the platform
- Enabled real-time close tracking dashboards
Month End Close Process Transformation (Visual Flow)
The Impact
Measured Results
- 50% reduction in close timeline (10–12 days → 5–6 days)
- 100% balance sheet reconciliation coverage
- Real-time visibility into close status
- Significant reduction in audit queries
- Improved team accountability and coordination.
What Changed for the Client
- Faster, predictable financial close
- Clear ownership across the finance team
- Centralized and audit-ready documentation
- Better decision-making with timely reporting
Key Takeaway
A well-structured close process—combined with the right technology—can significantly improve efficiency, accuracy, and audit readiness without increasing team size.
