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.
Just because a company claims it keeps your client data private does not necessarily mean it's true, according to K2's Randy Johnston.
Kelli Parks of Calmwaters Cloud Accounting said client discovery and onboarding can be simplified with automated processes that don't need significant tech investments.
Regardless of how a firm ultimately implements artificial intelligence, Kim Petro, a practice advancement coach from Woodard, stressed the importance of doing so ethically.
Speakers at Woodard's Scaling New Heights conference in Orlando noted that while AI certainly can be complicated, even simple applications can have impressive results.
Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can outperform humans in terms of accuracy and speed.
Cloud accounting platform Xero announced it will acquire payments solution provider Melio.
The money represents new capital, and this initiative will run parallel to Crete's ongoing acquisition efforts.
Plus, Foxit adds 40 integrations for document management; Deloitte and SailPoint expand collaboration on identity management; and other tech news.
Big Four firm KPMG announced the launch of its new multi-agent AI platform, Workbench, which will serve as a foundational and single AI platform.
Payments platform Tipalti announced it has acquired Statement, an AI-powered treasury automation solution.
RSM announced the launch of myRSM Tax, a suite of proprietary platforms that work together using AI to reduce manual processes, accelerate insight generation and ensure transparency.
While it might intuitively seem AI and offshoring are in direct competition, offshore talent providers report that the two have instead created powerful synergies.
Plus, Ignition announces plans for AI pricing solution; Financial Cents introduces advanced reporting features; and other accounting tech news.
A recent report from CPA.com says that semi-autonomous AI bots are already completing bookkeeping workflows start to finish, fully automating the process.
The Top 10 Firm is expanding its AI strategy and offerings over the next three years, particularly where it concerns semi-autonomous agents.
Accounting solutions platform Sage's products will have a new "AI Trust Label" to provide customers information on how AI functions across its product line.
Plus, Paychex releases accountant portal; Avalara launches APIs for 1099, W-9 solutions; and other accounting tech news.
The IRS has released the vast majority of the code used to develop its Direct File program, theoretically allowing anyone to build their own versions.
Big Four firm PwC announced it can now provide assurance on AI systems to see if they've been designed and operated responsibly.
Fieldguide released Field Agents for Financial Audits, which comes with an agentic AI "Audit Testing Agent" to automatically execute the testing workflow.