Case Study: AlloVir achieves a 2-day faster monthly close and simplified information requests with FloQast for SAP

AlloVir Simplifies Information Requests, Closes 2 Days Faster with FloQast for SAP

AlloVir, a publicly traded biopharmaceutical company with a small accounting team, needed to modernize its month-end Close to eliminate manual tracking, missing information, and time-consuming vendor follow-ups while meeting SAP-driven reporting and SOX/SEC requirements. After evaluating options, the team chose FloQast for SAP for its innovation, adaptability, and built-in ReMind request management.

Using FloQast’s SAP integration, ReMind automated vendor information requests, and integrations with Egnyte and Teams streamlined reconciliations and notifications, giving real-time checklist visibility. The result: days-to-close dropped from seven to five, fewer errors and delays, improved control and confidence in balances, and two extra days each month reallocated to SAP customizations, budget reforecasts, and other high-value projects.

AlloVir

Terence Holden

Associate Director of Accounting Operations