CHICAGO and LOS ANGELES, March 11,
2021 /PRNewswire/ -- Donnelley Financial Solutions
(NYSE: DFIN), a leading risk and compliance company, and FloQast, a
provider of accounting workflow automation software, today
announced a strategic partnership to transform the financial close
and reporting processes, especially for companies planning to go
public.
Through the partnership, companies utilizing both FloQast and
DFIN's new ActiveDisclosure will be able to streamline the
record-to-report process. Working together, this integrated
approach will save time and mitigate risk by improving accuracy and
transparency in financial reporting while reducing overlapping
functions.
"This partnership demonstrates our ongoing commitment to enhance
our private and public company offerings, while also seamlessly
complementing our ActiveDisclosure software," said Craig Clay, president of global capital markets,
DFIN. "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."
"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," said Mike Whitmire, CEO and founder, FloQast. "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."
Together, FloQast and DFIN will serve clients across key
industries and vertical markets, such as the pharmaceutical,
biotech and technology sectors in North
America, Europe and
Asia.
"FloQast and DFIN are both critical partners to the GrubHub
family. They play an integral role as we close our books and report
our financials," said Brandt
Kucharski, Chief Accounting Officer, GrubHub. "This
partnership between two great companies gives us ActiveDisclosure
and FloQast, the necessary tools to keep pace in these
unprecedented times."
About FloQast
Recognized as a 2020 Technology Fast 500
by Deloitte, FloQast is the leader in accounting workflow
automation created by accountants for accountants to work smarter,
not harder. The cloud-based, AI-enhanced software is trusted by
more than 1,000 accounting teams, including those at Lyft, Twilio,
Instacart, Zoom and The Golden State Warriors—and proud to be rated
#1 across all user review sites. By automating common accounting
workflows and helping to streamline and make them more efficient,
FloQast is the place where accounting teams want to work so they
can focus on what matters most, even when that's just going home on
time. Whether automating reconciliations, documentation requests or
other workflows such as the month-end close, financial reporting or
payroll, FloQast enhances the way accounting teams already work to
help them work smarter. Learn more at FloQast.com or follow us on
Twitter and LinkedIn.
About Donnelley Financial Solutions (DFIN)
DFIN is a
leading global risk and compliance solutions company. We provide
domain expertise, enterprise software and data analytics for every
stage of our clients' business and investment lifecycles. Markets
fluctuate, regulations evolve, technology advances, and through it
all, DFIN delivers confidence with the right solutions in moments
that matter. Learn about DFIN's end-to-end risk and compliance
solutions online at DFINsolutions.com or you can also follow us on
Twitter @DFINSolutions or on LinkedIn.
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SOURCE Donnelley Financial Solutions