Case Study: Homology Medicines cuts days-to-close by 5 days and automates SOX controls with FloQast

Homology Medicines - Customer Case Study

Homology Medicines, a Bedford, MA clinical-stage genetic medicines company with a five-person accounting team, was bogged down by a manual, spreadsheet-driven month-end close. Reliant on email, shared files and static checklists, the team’s days-to-close swelled to 15, visibility and SOX control tracking were limited, and hybrid-work communications were inefficient.

By implementing FloQast for its usability and fast ERP integrations (seamlessly supporting a cutover from SAP to Oracle NetSuite) and tying it to Microsoft Teams, Homology centralized reconciliations, automated data collection and sign-offs, and made SOX controls auditable. The result: days-to-close dropped from 15 to 10, the team reports 100% confidence in close numbers with no adjustments, and communication, visibility and audit readiness have all improved.

Homology Medicines

Chip Michaud

Vice President, Finance