Case Study: Payments provider SumUp achieves faster, more accurate month-end closes with FloQast

How FloQast Enhances SumUp’s Monthly Close

SumUp is a global payments services provider (3.5k employees, serving 4M+ businesses) with an 80-person accounting team spread across multiple countries. As a pre‑IPO company running SAP, SumUp relied on manually updated spreadsheets for month‑end close, which created inefficiency, fractured accounting knowledge, poor visibility across time zones, and a risk of the close becoming a mechanical “box‑ticking” exercise.

FloQast was implemented in under two weeks with seamless SAP and Google Drive integration, trial balance pre‑population and four daily data syncs. Its dashboard and task management gave clear, real‑time visibility into progress and bottlenecks, eliminated tedious manual work, encouraged proactive problem solving, and synchronized global teams—improving accuracy, efficiency and readiness for future growth and IPO objectives.

SumUp

Yordan Stoyanov

Internal Control and Finance Processes Senior Manager