Plus, Stampli launches a solution for AP automation; PwC buys a fintech consultancy; and other accounting tech updates.

The new Docyt High Precision Accounting Intelligence engine was built specifically to automate complex accounting workflows via a variety of AI agents.

Increasingly, accounting leaders acknowledge that AI will significantly shape the future of the profession. And yet, that awakening has brought a new problem: paralysis.

Financial modeling, much like coding, involves numerous interconnected spreadsheet tabs, complex logical structures built through Excel formulas and links.

An EY report notes there are over 1,000 AI-related regulatory frameworks worldwide, but overall they seem to be settling into three types.

Tax and accounting firms recognize that the world has fundamentally changed, and new technologies hold the key to transformation.

Plus, Lili introduces credit program; Mastercard announces Commercial Direct Payments solution; and other accounting tech news.

Accounting firms are getting tired of switching between applications that don't integrate.

While organizations understand AI governance and controls are important, actual implementation lags behind significantly due to leadership and culture.