FloQast teams with Deloitte for Australian push
0
The collaboration will bring together FloQast's powerful AI platform and Deloitte Australia's deep expertise to streamline the financial close process and drive efficiency gains.
'We're thrilled to partner with Deloitte Australia to help organisations make their accounting and finance operations smarter, faster, and more agile,' said Mike Whitmire, Co-founder and CEO of FloQast, CPA*. 'This alliance will empower accounting teams with innovative, AI-driven tools that unlock efficiency and allow them to thrive in the face of unprecedented change.'
The alliance with FloQast is poised to bring notable benefits to various service lines and industry focuses within Deloitte Australia. Specifically, the advisory and consulting service lines stand to enhance financial transformation offerings through streamlined financial close processes. Harnessing AI for advanced automation and data analysis, the alliance aims to reduce manual efforts, improve accuracy, and unlock valuable insights from financial data.
'We are delighted to announce our strategic alliance with FloQast, a collaboration that will significantly enhance the value we deliver to our clients,' said Brian Cameron, Director of Accounting and Reporting Assurance at Deloitte Australia. 'This alliance underscores Deloitte Australia's commitment to driving finance transformation, where innovative solutions and expertise converge to enhance business performance, elevate operational efficiency, and foster sustained growth for our clients.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
an hour ago
- Daily Mail
Why shopper is furious after spotting 'huge problem' with Aldi trolleys - but not everyone agrees
A disgruntled customer has sparked debate after spotting a 'problem' with Aldi 's shopping trolleys outside a store. The customer took particular issue with the supermarket after noticing there were hardly any smaller shopping trolleys available during a visit to a store in Victoria. He shared a picture on social media showing three rows of larger 212L carts, each measuring 1.1m high, lined up in the bay - but no smaller versions in sight. 'ALDI WHY!? Every Aldi I go to has hundreds of large trolleys and only three small trolleys? Why is it so back to front?' the furious shopper said. The man explained that he avoids using larger trolleys due to his back problems. 'I don't want to hurt my back any further,' he said. The irritated shopper speculated that the smaller trolleys had disappeared because other customers were abandoning them along their walk home. It's understood there are no current plans for Aldi to phase out smaller trolleys. His post was met with dozens of comments, but not everyone agreed with him. 'Your back issues are not Aldi's problem,' one said. 'You can fit a small trolley's worth of goods into a big trolley, but you can't fit a big trolley's worth into a small trolley... therefore, big trolleys have more utility?' another pointed out. 'If small and big trolleys are troubling you, you may be missing the bigger picture here. Aldi has a system that utilises trolleys all the way through the shopping process to maximise efficiency. Those efficiencies result in lower prices for you. Just use the bigger trolley and get on with enjoying life,' one added. Meanwhile, another shopper weighed in, saying the man was lucky to have trolleys at all as their local Aldi store's bay is always empty during peak shopping hours. 'Not sure when they collect them because even on a Saturday morning, the trolley bay is empty from Friday night shopping,' they added. Back in June 2022, an Aldi spokesperson told Daily Mail the smaller trolleys were designed to provide shoppers - particularly pregnant mums and elderly people - with 'greater convenience'. 'We recognise that customers are looking for greater convenience when they visit our stores, as it's almost impossible not to pick up the excellent value products on offer,' the Aldi spokesperson said at the time. 'That's why we're introducing smaller trolleys across all our locations, so our customers can more efficiently pick up products while doing smaller grocery shops.'
The Guardian
2 hours ago
- The Guardian
OpenAI eyes world's largest valuation for private company in stock sale talks
The maker of ChatGPT is on the cusp of becoming the world's most valuable private company. OpenAI is in talks to sell $6bn in shares, which would boost its valuation to $500bn, nearly half that of Tesla, according to multiple reports. The artificial intelligence startup's stock would be sold to investors by current and former employees. OpenAI has seen exponential growth over the past year. Investors, including Microsoft and SoftBank, have poured at least $40bn into the startup, giving it a valuation of $300bn as of Marc. Last October, it was valued at $157bn. If OpenAI achieves a $500bn valuation, it would surpass Elon Musk's SpaceX, which currently holds the title of world's most valuable privately held company, at $350bn. The reported cohort of investors now eyeing OpenAI's share sale include three firms that have already invested: SoftBank, Dragoneer Investment Group and Thrive Capital. According to Bloomberg, the talks are in early stages and the numbers could change. OpenAI declined to comment. OpenAI leads a crowded and competitive race, with the world's most powerful companies battling to beat out one another on AI. Meta, Google, Amazon and Microsoft have all been spending enormous sums on AI development – hiring engineers and building data centers. The four companies have spent a combined $155bn on AI development in 2025 alone. Although artificial intelligence has improved since the release of ChatGPT in 2022, OpenAI received a lukewarm reception at the debut of its latest version of the AI that underpins the chatbot, GPT-5, earlier this month. Users said the new AI model's writing was worse and that it lacked the personality of previous iterations. Altman has said his company is pursuing 'artificial general intelligence', or an AI that can outdo a human at most tasks, but at the recent launch, OpenAI CEO Sam Altman said the GPT-5 was 'generally intelligent', but was not yet able to 'continuously learn'. Sign up to TechScape A weekly dive in to how technology is shaping our lives after newsletter promotion AI companies have also been increasingly scrutinized by regulators for chatbots that create harmful conversations and manipulate users.
Reuters
2 hours ago
- Reuters
Vantage Data Centers plans $25 billion AI campus in Texas
Aug 19 (Reuters) - Vantage Data Centers said on Tuesday it would spend more than $25 billion to build a 1,200-acre data center campus in Shackelford County, Texas, as surging demand for artificial intelligence infrastructure fuels mega-scale developments. Backed by private equity firm Silver Lake and asset manager DigitalBridge (DBRG.N), opens new tab, Vantage said the 1.4-gigawatt campus, dubbed "Frontier", is the largest in its global portfolio. Chatbots such as OpenAI's ChatGPT and Google's Gemini need massive compute, prompting demand for purpose-built data centers. These facilities are costly as they require cutting-edge chips, servers, adequate power and cooling solutions. Companies including Alphabet (GOOGL.O), opens new tab, Microsoft (MSFT.O), opens new tab and Meta Platforms (META.O), opens new tab are committing billions of dollars to expand and create their data center facilities. Vantage says the construction of the campus has begun, which will be home to 10 data centers and support ultra-high-density racks exceeding 250 kilowatts each. The first building is due in the second half of next year. Silver Lake was a founding investor in Vantage in 2010. Vantage CEO Sureel Choksi joined the company from Silver Lake in 2013. After exiting Vantage in 2017, Silver Lake said it was invited back on a proprietary basis in 2023 to support capital raising and co-lead a $9.2 billion equity financing with DigitalBridge in 2024.
