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.
KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.
Developing an AI system can carry a hefty price tag that includes not just the coding of the system itself but secondary costs like labor, training and data fees.
Plus, Deloitte releases four new accelerators on Workiva marketplace; KPMG invests $100 million in Google Cloud Alliance; and other accounting tech news.
TaxPlanIQ released a new workbook and calculator for its ROI Method of Value Pricing for advisory services.
Accounting software development cycles will accelerate with generative AI, but so will competitive pressures.
Plus, TaxBit launches platform for both traditional and digital finance; Mastercard releases business solution platform; and other news.
the accounting solutions provider is expanding to all small businesses after mainly concentrating on the bookkeeping needs of venture backed startups.
A survey of ERP users found Info is used most often for accounting and finance; Microsoft for inventory management; SAP and Oracle for sales and customer relations.
Continuing professional education provider MYCPE and staffing solutions provider Entigrity are merging to create a new company, MYCPE ONE.
AprilPro addresses issues ranging from K-1s and 1099s to AMT calculations and real estate investments.
Finance platform Rho launched the Rho Partner Portal for Accountants, a version of Rho designed specifically for partners with Rho who are accountants.
Travel and expense solutions provider Navan released Navan Accountant Console, a dedicated solution made specifically for accounting firms.
Plus, Thomson Reuters integrates AI CoCounsel with tax solutions; Sovos introduces 1099 Professional solution; and other accounting tech updates.
Bloomberg Tax and Accounting announced a new strategic partner program with major tax prep software providers in order to expand the set of available tools for users.
Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.
Plus, Withum rolls out cloud-based audit platform; SafeSend's new Client Portal uses PIN instead of password; and other accounting tech news and updates.
Intuit announced new features and capacities, many of them within its QuickBooks line of products.
Xero announced the winners of its annual Beautiful Business Fund competition, of which four were based in the US.
Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.
ISO 42001 is a comprehensive framework concerning oversight of AI management systems in terms of security, ethics and accountability.