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Fanatics, a global leader in sports fan experiences and v-commerce, was grappling with an inefficient month-end Close process. With over 80 offices worldwide and more than $8 billion in revenue, their financial operations were burdened by outdated methods involving spreadsheets, email, and paper reports. Discovering FloQast marked a turning point for Fanatics, providing the efficiency and control needed to enhance their financial processes.
Why FloQast:
Results Achieved:
Fanatics encountered several key issues:
With their IPO on the horizon, Fanatics needed a solution to tighten controls and streamline their financial processes.
“The Close was a chaotic mix of tasks and activities carried out across global teams, and there was very little confidence in completeness. We just never knew if we were done.”
Jennifer LaGrandeur, Finance Technology Director Fanatics
Fanatics chose FloQast for its:
The decision to implement FloQast was driven by the need for better controls and efficiency.
“The Accounting Success Team at FloQast was so easy to work with and very responsive, and we had a totally painless implementation experience. The transparency we gained right from the start was tremendous.”
Jennifer LaGrandeur, Finance Technology Director Fanatics
The integration process included:
The implementation of FloQast was smooth and brought substantial benefits.
“Being able to see all of our accounts and their related tasks in FloQast allowed us to make decisions about how we could operate faster and more accurately. Our Close went from 12 days down to 6.”
Jennifer LaGrandeur, Finance Technology Director Fanatics
FloQast has not only transformed Fanatics’ financial operations but also prepared them for future growth and an IPO.
“FloQast is perfect for anyone who needs immediate visibility, improved efficiency, and tighter controls without the hassle and high cost associated with traditional IT projects,” LaGrandeur concluded. “It makes everything move faster, which is critical for us.”