Consulting firm Riveron has joined forces with accounting automation platform FloQast to enhance its suite of solutions tailored for chief financial officers (CFOs) and accounting teams.
The partnership is aimed at transforming Riveron’s comprehensive offering, especially the record-to-report processes of clients
By leveraging innovative technologies, including artificial intelligence (AI), FloQast automates accounting workflows, reconciliations and variance analyses and others.
Through the collaboration, both parties aim to drive benefits for accounting teams at both public and private companies.
The partnership is expected to reduce time-to-close, as AI-driven automation of repetitive tasks allows finance teams to close their books more quickly.
Besides, the streamlined workflows are set to improve reconciliation efficiency, leading to faster and more accurate results.
The collaboration will also provide greater financial visibility and control for businesses. Real-time access to data throughout the financial close process enables informed decision-making and improves overall control.
FloQast’s technology also integrates seamlessly with a wide range of accounting systems, eliminating data silos and ensuring a smoother workflow.
In addition, the alliance also enhances variance analysis functionality, enabling teams to quickly identify and analyse inconsistencies.
The implementation of FloQast’s cloud-based platform is designed to be quick and easy, minimising disruption and ensuring high adoption rates among users due to its intuitive design.
Furthermore, the partnership between Riveron and FloQast represents a comprehensive approach to transforming accounting and finance operations.
FloQast co-founder and CEO Mike Whitmire said: “Our alliance with Riveron leverages the strengths of both organisations, combining their deep advisory knowledge with FloQast’s innovative accounting solutions.
“Together, we’re empowering organisations to streamline their financial close processes, automate reconciliations, and deliver enhanced financial insights, to drive meaningful transformation in their business operations.”
According to Riveron, its extensive experience in serving the office of the CFO will help companies simplify complexities and elevate their impact, whether through technology implementations, audit readiness services, or other transformational initiatives.
By combining Riveron’s expertise with FloQast’s automation capabilities, the partnership aims to empower accounting and finance professionals to focus on strategic insights.
Riveron managing director Sarah Kieffer said: “We are enthused about this partnership and the value it provides to CFOs and accounting professionals, who are facing increasing complexities and partnering with Riveron to solve their most pressing challenges.
“Our accounting advisory expertise paired with a technology platform like FloQast can help companies streamline their processes and drive value by freeing up accounting professionals to focus on their most strategic, impactful work.”
