PwC UK and FloQast Expand Partnership to Launch AI-Powered Finance Managed Services

FloQast and PwC UK have expanded their partnership to provide a fully outsourced, technology-enabled finance function for UK organisations. By integrating FloQast’s autonomous accounting platform into PwC’s Finance Managed Services, the collaboration aims to solve accounting talent shortages and fragmented close processes through AI-powered automation and real-time visibility.

What was announced

The expansion of this Strategic Consulting Partnership marks a shift in how PwC UK engages with FloQast. While the firm previously acted as a consulting and integration partner, it will now actively use the FloQast platform to deliver its Finance Managed Services (FMS) solutions. This allows PwC UK’s FMS teams to run a client’s finance function directly within the platform, automating critical tasks such as the month-end close, account reconciliations, and general accounting operations.

The service is designed for CFOs, finance directors, and controllers who are currently navigating a difficult hiring market and the complexities of hybrid work. By moving away from fragmented, spreadsheet-heavy processes, the partnership offers a permanent digital audit trail and real-time insight into the close process. Key features of the offering include rapid deployment, with a pre-defined tech stack intended to deliver value in weeks rather than months. It also addresses "key person risk" by removing the reliance on manual spreadsheets and specific individuals within a finance team. Furthermore, the managed service model allows businesses to scale their service levels up or down with PwC UK without the need for direct hiring or staff retention efforts.

"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."

Adam Zoucha, Chief Revenue Officer at FloQast

"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."

Tony Price, Partner, PwC UK Finance Managed Services Leader

The companies involved

FloQast is an accounting workflow automation platform designed to streamline the month-end close and improve financial accuracy. The company focuses on "autonomous accounting," using AI to handle repetitive tasks and compliance activities. It has established itself as a significant player in the fintech space, particularly for organisations looking to modernise their back-office operations through automation rather than manual oversight. To date, the company has been the subject of eight reports by FF News.

PwC UK is a member of the global PwC network, providing professional services across audit, tax, and consulting. In the context of this partnership, the firm is leveraging its Finance Managed Services (FMS) division to provide operational support to clients. This move beyond traditional consulting suggests a deeper integration into the day-to-day technology stacks of its clients. PwC UK has a history of partnering with fintech providers to modernise midmarket and enterprise finance functions, often focusing on digital transformation and the implementation of AI-driven tools to meet increasing regulatory and reporting pressures.

What FF News has reported before

FF News has tracked the evolving relationship between these two entities, notably when Huel Accelerates Month-End Close by Two Days Following FloQast and PwC UK Finance Transformation, demonstrating the practical application of their combined expertise. PwC UK has been active in broader finance transformation, as seen when Prophix and PwC UK Partner to Drive AI-Powered Finance Transformation for Midmarket Firms.

FloQast has also been expanding its footprint through similar international alliances, recently documented when FloQast and Forvis Mazars Germany Announce Strategic Partnership to Transform Accounting Automation. Additionally, PwC UK’s wider economic influence was highlighted in the Barclays and PwC Report: Tokenisation Could Inject £33bn into UK Economy by 2035.

What this means

This announcement signals a significant shift in the professional services market, where the "Big Four" are increasingly moving from advisory roles into active operational management via third-party software. By embedding FloQast into its managed services, PwC UK is directly challenging traditional Business Process Outsourcing (BPO) providers who may still rely on manual labor or legacy systems. The move highlights a growing industry consensus that AI-powered automation is no longer just a tool for internal teams, but the foundation for external service delivery. It raises questions for the sector about the future of tech-agnostic consulting, as firms become more deeply wedded to specific platform ecosystems to drive their own operational efficiencies.