Case Study: NEXT Insurance achieves faster month-end closes and higher team satisfaction with FloQast

How NEXT Insurance Built Its Tech Stack To Improve Timeliness, Streamline Processes, and Boost Employee Satisfaction

NEXT Insurance, a Palo Alto–based online insurer for small businesses, faced growing pains as its finance team relied heavily on manual spreadsheets and slow, email-driven approval processes. With rapid growth expected, leadership needed a scalable tech stack to replace error-prone workflows, speed up accounts payable and expense reimbursements, and shorten a lengthy, Excel-driven month-end close.

The company implemented NetSuite as its ERP, Tipalti to automate AP approvals, and FloQast to manage and accelerate the financial close. The integrated stack cut close time from roughly 20 days to 10 within months and produced several five-day closes, while improving visibility, enabling remote work, streamlining approvals, and boosting employee satisfaction and scalability for future growth.

NEXT

Michelle Cheung

Chief Operating Officer