Case Study: Onfido achieves a 50% faster month-end close (10→5 days) with FloQast

FloQast Provides Onfido Transparency, New Resources To Operate More Efficiently and Proactively

Onfido, a London-based Real Identity Platform provider, was struggling with a hectic, time-consuming month-end Close across multiple teams and entities due to limited visibility, decentralized documentation, and manual flux analysis. The finance team needed a more organized, transparent process to meet deadlines, hold people accountable, and free up staff for higher-value work.

By rolling out FloQast (Close, FQ Ops, ReMind, Flux Analysis) with a fast implementation and Slack integration, Onfido centralized workflows, automated reminders, and extended the platform to AP and collections tasks. The result: days-to-close dropped from 10 to 5, information collection was standardized, global team communication improved, and the finance function gained sustained operational efficiencies supported by proactive customer success.

Onfido

Heerad Zahedi

Senior Finance Business Partner