Case Study: Venafi achieves 33% faster month-end Close with FloQast

Cybersecurity Market Leader Venafi Reduces Time-to-Close by 33% Using FloQast

Venafi, a Salt Lake City–based cybersecurity SaaS company with about 400 employees, was facing a stretched month‑end Close that had grown to 15 business days. Its 30‑person accounting team was burdened by manual spreadsheet updates, frequent trial balance imports, limited visibility into sign‑offs, and rework that created stress and delayed reporting.

With a Thoma Bravo–backed investment, Venafi implemented FloQast Close integrated with Oracle NetSuite—bringing automated reconciliations, time‑stamped email sign‑offs, and consolidated task dashboards—delivered in under 30 days. The change cut days‑to‑close from 15 to 10, improved audit readiness with clear evidence of controls, and increased accounting productivity while avoiding additional hires (roughly a half‑headcount worth of time saved).

Venafi

Jordan Livingston

Corporate Controller