Case Study

End Of The Line: ProctorU Cuts Its Close From 45 To 7 Days With FloQast

End Of The Line: ProctorU Cuts Its Close From 45 To 7 Days With FloQast

Pages 3 Pages

www.floqast.com ProctorU offers educational institutions a means to allow students the online test-taking convenience they desire, while still enforcing the identity assurance, reputation protection, and overhead reduction digital education providers require. Having experienced dramatic growth, the company quadrupled over a three- year period. Consequently, invoicing rates saw an increase from 25 to 50 invoices per month to over 300. As this transaction volume increased, other growing pains were inevitable. With a relatively lean accounting and finance team, ProctorU began a search for ways to automate finan ce tasks, including the month-end close, so that their work could be completed more quickly, accurately, and collaboratively. Originally employing a hard-copy checklist for rol

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