Case Study: Teamworks achieves a four-day month-end close with FloQast

Teamworks Teams Up with FloQast to Single-Handedly Close the Books

Teamworks, a North Carolina–based provider of web and mobile collaboration tools for Division I and professional sports teams (over 2,400 teams and 300,000 players), was struggling with a fragmented close process. Using Xero, Receipt Bank and spreadsheets, the three-person accounting team relied on the Finance Director, took 10–12 days to close each month, and faced a stressful, error-prone audit environment.

By switching to Sage Intacct and Nexonia and implementing FloQast (installed in 2–3 weeks), Teamworks automated reconciliations, documented the close, and empowered the Accounting Manager to complete the close solo in four business days. The change shortened the close dramatically, freed staff to focus on budgeting and reporting, produced a cleaner audit with far fewer adjustments, and improved accuracy and job satisfaction.

Teamworks

Robby Mullis

Accounting Manager