Accounting software provider FloQast has joined forces with PwC Belgium to advance accounting close automation solutions.
The collaboration will merge FloQast’s AI-driven workflows with the expertise of PwC Belgium in closing processes to improve efficiency and accuracy for businesses across various sectors.
The deal is set to aid accounting teams in upgrading their workflows, reducing risk, and tackling the growing challenges in the industry with AI-powered automation.
PwC partner Matthias Reyntjens said: “This collaboration combines PwC’s industry expertise with FloQast’s innovative technology to modernise financial close operations and tackle the challenges posed by inefficient processes.”
FloQast provides a suite of solutions to simplify financial processes, including close management, account reconciliations, and compliance management.
These tools are designed to improve team communication and transparency, automate time-consuming tasks, and ensure financial precision.
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By GlobalDataBy leveraging these solutions, accounting teams can collaborate more effectively, minimise errors, and expedite record-to-report and compliance management processes, the companies said.
They can also better utilise data and insights to inform organisational strategy.
FloQast’s cloud-native platform facilitates rapid deployment, allowing teams to integrate solutions into their workflows with limited IT support.
The platform features FloQast AI Agents, an auditable AI capability that enables accountants to automate complex, recurring workflows across close management, compliance, and reporting functions using natural language instead of extensive coding.
FloQast EMEA general manager John Phillips said: “With increasing regulatory complexity and a shrinking talent pool, finance teams need smarter, more efficient ways to work.
“By combining FloQast’s AI-powered technology with PwC Belgium’s deep industry expertise, we’re enabling organisations to improve accuracy, enhance compliance, and drive greater operational agility.”
FloQast also has existing collaborations with PwC North America, PwC UK, PwC Germany, and PwC Australia.
The latest development comes after reports of PwC’s plans to reduce its US workforce by approximately 1,500 positions surfaced.
