Case Study: Roofstock achieves 30%+ close efficiency gains with Qurrent

Roofstock cuts close prep time by 25% with Qurrent

Roofstock, a leading real estate investment marketplace, faced a significant challenge with its monthly financial close process. The company was manually building complex 30-50 tab Excel packages for each of its 52 entities, a time-consuming process that involved hand-pulling reports and checking numerous tie-outs cell by cell. To address this inefficiency, Roofstock turned to vendor Qurrent for a solution using its agent-based automation service.

The solution implemented by Qurrent involved building agents directly into the accountants' Excel workbooks to automate the entire close process. Qurrent's agents pulled reports, built schedules, ran tie-outs, and flagged exceptions with proposed fixes. This resulted in a 25% return of accountant time to analysis, a fully built and zero-variance close package ready on the first business day, and a reduction in the cost of service by over 30%. The entire deployment was completed in just 12 weeks.

Roofstock