Customer Stories

Streamlining Financial Operations: A CFO’s Perspective on FloQast

In the fast-paced world of finance, efficiency and accuracy are paramount. Every minute saved in the financial close process can translate to significant organizational gains. In a recent conversation with Justin Smith, Chief Financial Officer at FinQuery (formerly known as LeaseQuery), we delved into how the implementation of FloQast has transformed their financial operations. Here’s a glimpse into our discussion:

Identifying the Need for Change

FinQuery, a leading SaaS-based lease accounting and spend management platform, has experienced rapid growth in recent years. With a threefold increase in revenue and employee count, the company recognized the pressing need to streamline its financial close process. Like many organizations, they grappled with manual processes, relying heavily on Google Sheets and Excel, inevitably leading to inefficiencies and limited visibility.

“FloQast emerged as the solution to FinQuery’s challenges,” says Justin. “It offered not just a way to streamline the close process but also provided greater control, visibility, and collaboration.”

Embracing FloQast

One of the most significant outcomes of adopting FloQast was the remarkable reduction in the time to close. What once took 8-10 days was now accomplished in just five days — a testament to the power of automation and centralized collaboration.

“FloQast revolutionized communication within the finance team,” Justin notes. “By consolidating all processes within the application, FinQuery bid farewell to the days of scattered emails and disjointed workflows.”

Preparing for the Future

As FinQuery continues its trajectory of growth and expansion, FloQast remains an indispensable ally. With plans to add millions in ARR and evolve into a multi-product platform, the complexities of financial operations are bound to increase.

“In the realm of finance, every second counts,” Justin emphasizes. “With FloQast, FinQuery has not only saved time but also unlocked new opportunities for innovation and growth. Efficiency isn’t just about saving time; it’s about enabling focus on what truly matters — driving the company forward.”

Learn more about FinQuery’s FloQast experience