FloQast, an accounting workflow automation platform, has broadened its strategic consulting relationship with PwC UK, which will now run fully outsourced finance functions for UK businesses on the FloQast platform.
Until now, PwC acted mainly as a consulting and integration partner for FloQast customers. Under the expanded agreement, PwC UK will itself operate the autonomous accounting platform to deliver complete Finance Managed Services (FMS). PwC UK FMS teams will manage clients’ finance operations directly within FloQast, automating work such as month-end close, account reconciliations, accounting operations and compliance tasks for those clients.
The companies highlighted several further advantages. PwC’s ready-made technology stack is designed to allow deployments within weeks rather than months, so clients see returns quickly. Businesses can also scale service levels up or down with PwC immediately, avoiding the burden of recruiting or keeping staff.
A permanent digital audit trail is intended to ease year-end pressures for outsourced finance teams, while removing manual spreadsheets reduces risk, including dependence on individual employees. Finally, disjointed, spreadsheet-reliant closes give way to a simplified workflow driven by AI.
Built by accountants for accountants, FloQast’s platform lets finance teams automate accounting and audit workflows using auditable AI. More than 3,500 accounting teams worldwide use the platform, among them HubSpot, Emma Sleep, Huel and lululemon. Customers rely on it to automate close management, reconciliations, accounting operations and compliance, with the goal of lightening compliance workloads, remaining audit-ready and improving accuracy, visibility and collaboration.
FloQast chief revenue officer Adam Zoucha said, “PwC UK’s managed services, powered by FloQast’s autonomous accounting platform, go beyond traditional business process outsourcing to enable organisations to build scalable, resilient finance functions for the most complex close challenges. Together, we combine world-class accounting talent and AI-powered technology to empower finance leaders to reduce compliance burden, stay audit-ready and optimise accuracy and efficiency.”
PwC UK partner and Finance Managed Services leader Tony Price said, “Finance leaders are under increasing pressure to provide higher-quality information faster. Embedding FloQast in our Finance Managed Services offering gives our clients a new option to transform their period end through AI-enabled delivery, at pace.”
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