Case Study: Curis achieves $110,000 in external cost savings and streamlined Close & Compliance with FloQast

How Curis Saved Over $100,000 In Audit Fees by Combining Compliance with the Close Using FloQast

Curis, a publicly traded biopharmaceutical company in Lexington, MA, struggled with a paper-heavy month-end Close and SOX compliance program that relied on spreadsheets, three-ring binders and outsourced internal auditors. The manual processes created duplicative work, slow Provided‑by‑Client (PBC) responses, and significant external costs—about $110,000 annually.

By implementing FloQast Close and FloQast Compliance (integrated with Microsoft Dynamics GP), Curis automated trial balance tie‑outs, centralized checklists, and embedded controls into daily processes, giving real‑time validation and curated auditor access. The change cut PBC work from hours to minutes, delivered audit‑ready SOX controls and testing, improved collaboration and visibility, and eliminated $110,000 in external costs while keeping audit fees steady.

Curis

Kayli Walker

Accounting Manager