Case Study: Harwoods achieves faster, smoother month-end close with FloQast

End-To-End Accounting Visibility Transforming Harwoods’ Month-End

Harwoods, a prestigious family-owned automotive retailer in the UK, faced a fragmented and manual month-end close process. Their accounting team struggled with poor visibility across hundreds of reconciliations, leading to bottlenecks, administrative friction, and a high risk of errors. To modernize its finance function, Harwoods partnered with FloQast to achieve a complete digital transformation.

By implementing FloQast's accounting software, Harwoods moved its entire close process to a centralized platform. This provided the team with complete visibility and control, eliminating reliance on spreadsheets. The solution from FloQast dramatically reduced the month-end close time from 20 days to just 5 days, resulting in estimated annual savings of hundreds of thousands of pounds and allowing accountants to focus on more strategic work.

Harwoods

Matt Stephens

Group Financial Controller