Donnelley Financial Solutions (DFIN), a risk and compliance firm, has announced a partnership with FloQast, a provider of accounting workflow automation software.
The deal is intended to support companies, especially those who plan to go public, with the financial close and reporting processes.
Used by over 1,000 accounting teams, FloQast offers a cloud-based, AI-enhanced software to streamline companies’ record-to-report processes.
Craig Clay, president of global capital markets at DFIN, said: “This partnership demonstrates our ongoing commitment to enhance our private and public company offerings, while also seamlessly complementing our ActiveDisclosure software.
“Not only does FloQast’s business model align with DFIN’s strategy, but its suite of accounting automation tools enables us to bring a best-of-breed technology solution to our clients from private company through post-IPO compliance reporting.”
The combined solution will serve clients across a number of industries in North America, Europe, and Asia.
Mike Whitmire, founder and CEO at FloQast, said: “DFIN not only provides the necessary technology to private companies on the path to IPO, but also the expertise and services needed for their continued success.
“Our partnership with DFIN and its ActiveDisclosure platform arms the office of the CFO—at both private and public companies—with the tools necessary to streamline the record-to-report process without taking their team out of Excel.”