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Ecological restoration company needs to cut down close time

Context

A leading ecological restoration company struggled to meet reporting deadlines 1-2 months after its PE acquisition, with a 30+ day close, no detailed checklist, and staff turnover adding pressure.

Value Created

Cut close by more than 50%
from 30+ days to 15 within two months
Added close visibility
through dashboards and KPIs for the CFO and Controller
Implemented FloQast
with minimal team involvement and no ongoing IT maintenance

People

VALUE LEVERS

  1. Controller support
  2. Implementation project management

HOW WE DID IT

  • Supported the Controller by assessing the current-state close
  • Project managed the FloQast rollout with a dedicated FloQast team member

Process

VALUE LEVERS

  1. Current-state assessment
  2. Close checklist
  3. Close acceleration

HOW WE DID IT

  • Assessed the month-end close process
  • Built a close checklist with owners and due dates
  • Cut the close from 30+ days to 15

Technology

VALUE LEVERS

  1. FloQast selection
  2. Close dashboards and KPIs
  3. Reconciliation tie-out automation

HOW WE DID IT

  • Recommended FloQast as cost effective, quick to implement, and easy to use
  • Enabled dashboards, KPIs, and workflow automation for close visibility
  • Automated reconciliation tie-outs with strong control over high-risk accounts