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How Harwoods Group uses FloQast

5 days

“reduce time to completion, including all reconciliations, from 20 days to 5 days”

As published on floqast.com. Captured by usedby on Oct 7, 2026.

What happened

Harwoods, a family-owned automotive retailer, moved its entire month-end close and balance sheet reconciliation process into FloQast, replacing spreadsheets spread across network drives. It uses the platform for checklist-based progress tracking, controller review and sign-off, embedded compliance controls, and consolidated records for audit requests.

Summary written by usedby from the source page, in English. The figures are those of FloQast and Harwoods Group, not ours.

Matt estimated that the Harwoods team managed to reduce time to completion, including all reconciliations, from 20 days to 5 days — with tasks no longer running into the next monthly accounting period.

From the page. floqast.com, captured Oct 7, 2026

FloQast gives me peace of mind. I know exactly where we are in the process, I can spot emerging issues instantly, and I can be proactive. We've not only made our month-end close quicker, we’ve made it smoother and cleaner.

Matt Stephens, Group Financial Controller, Harwoods Group. Source, captured Oct 7, 2026

What the story claims, and what we checked

We compared the story with its live page on Oct 7, 2026.

  • The figure: 5 daysCheckedPrinted word for word on the page, near the name of Harwoods Group.
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of Harwoods Group.
  • Harwoods Group uses FloQastCheckedConfirmed line. Latest check across sources: Oct 7, 2026.
  • The result itselfNot checkedWe quote it; we did not measure it.

Same company, same tool or same industry.

eight-day close“achieving a eight-day close without needing additional headcount”BazaarVoice uses FloQast. Another customer of FloQast10 to 4-5 days“Reduced bank reconciliations from 10 to 4-5 days”Capital Area Food Bank uses FloQast. Another customer of FloQast2.5 working days“Their month-end close timeline was reduced from four to just 2.5 working days”Cubro uses FloQast. Another customer of FloQast