Chris Gaetano is the technology editor for Accounting Today. He brings with him more than a decade of experience covering the accounting profession as part of the NYSSCPA's Trusted Professional. Prior to that, he was a local news reporter at Greater Media Newspapers in New Jersey. He graduated from Rowan University, in Glassboro, NJ.
Recent data from RSM says large companies made only 2% of cyber insurance claims but accounted for 51% of all incident costs.
The Agentic Tax and Compliance platform supports intelligent AI agents capable of automating tasks across the entire compliance lifecycle in Avalara's products.
Digits announced the release of its AI Firm Models—through the new Digits Accountant Partner Program—to adapt to the processes of specific accounting practices.
Plus, Acumatica rolls out 2025 R2 release; Qount announces AI-Powered 1099 Workflow solution; and other accounting tech news and updates.
AI can, in theory, make people more productive. But the results of a recent study show this is not guaranteed, as people report receiving low quality AI "workslop" outputs that paradoxically increase the amount of work.
Plus, Workday rolls out host of new AI agents, introduces "flex credits"; Canopy Smart Intake now includes AI-driven document requests; and other tech news.
Accounting software provider FloQast announced that users can now craft their own AI agents through natural language prompts, alongside several new AI-based capacities for the platform.
Tax management platform Instead is planning to offer completely free tax return preparation and filing for Forms 1040, 1041, 1120, 1120-S and 1065.
More than half of tax practitioners use AI for research, but don't count out the classic search engine, which remains an essential tool for many.
Top 10 firm CBIZ released a new AI solution, Vertical Vector AI, developed specifically for middle-market businesses.
