Global Maritime's Implementation of FloQast for Month-End Close

This case study outlines Global Maritime's experience with the implementation of FloQast to enhance their month-end Close process. The objective was to establish a standardized, company-wide Close process that ensured accuracy and transparency for leadership. The implementation was noted for its simplicity, requiring minimal input from the team and taking only five to six hours, which contrasted sharply with their previous experience during a NetSuite ERP transition. The results included a standardized Close process that improved team accountability and visibility in financial reporting. The implementation also automated much of the audit preparation, allowing the team to manage their tasks more efficiently. The transparency provided by FloQast has positively impacted the team's confidence in their financials, facilitating a smoother audit process. Overall, the case study emphasizes the significant improvements in efficiency and accuracy achieved through the adoption of FloQast, while also highlighting the ongoing potential for further enhancements in their processes.