Case Study: ProctorU achieves a 7–8 day month-end close (down from 45 days) with FloQast

Proctoru Cuts Its Close From 45 to 7 Days With Floqast

ProctorU, an education technology company that grew fourfold in three years, struggled to scale its finance operations as transaction volume jumped from dozens to hundreds of invoices per month. A lean accounting team relied on paper checklists and a failed BlackLine implementation, leaving month-end close processes disjointed, reconciliations unbalanced, and the close taking 45 days—compounded by a frequently traveling CFO who lacked timely visibility into outstanding items.

Implementing FloQast (integrated with Sage Intacct and Dropbox) consolidated checklists, automated reconciliations, and provided real-time status and issue tracking. The result: close time fell to 7–8 days with plans to reach three days, trial-balance reviews were reduced, financial accuracy improved, remote oversight was enabled, and staff gained time for higher-value work—leading to promotions and better work–life balance.

ProctorU

Katie Beck

Senior Accountant