Case Study: Practice Better closes the books 6x faster with Float

Health and Wellness SaaS Company Practice Better Closes the Books 6x Faster with Float

Practice Better, a Toronto-based health and wellness SaaS company, was experiencing significant financial process inefficiencies. As the company grew, its lean finance team, led by Controller Deena Lu, struggled with a slow, centralized approval process and outsourced bookkeeping that resulted in a 12-day month-end close. They needed a solution to manage company spending, provide real-time budget visibility to department heads, and bring their accounting in-house, with a specific need for a platform that supported Canadian operations.

The company implemented Float for corporate cards and spend management. Float's platform decentralized approvals to department leads, provided unlimited physical and virtual cards with smart controls, and automated reconciliation with their Xero accounting software. As a result, Practice Better now closes its books in just one or two days—a six-fold improvement—while giving employees greater spending autonomy and the finance team enhanced control and visibility.

Practice Better

Deena Lu

Controller