Tech news: KPMG rolls out AI trust service

Published May 9, 2025 11:38 AM

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Updated May 9, 2025 12:30 PM

1 Min Read

KPMG rolls out AI trust service; EY announces Integrated Finance Managed Service; Ignition debuts AutoCollect solution; and other accounting tech news and updates.

KPMG rolls out AI trust service

The offices of KPMG LLP in the Canary Wharf business and shopping district in London

Simon Dawson/Bloomberg

Big Four firm KPMG launched KPMG AI Trust, a suite of services to help clients with AI reliability, accountability and transparency as they scale AI applications. The suite of services offers a set of tools to help clients navigate the complexities of AI intake, assessment, development, deployment, management and monitoring to make AI systems secure, compliant and ethically sound. The core set of assessment, inventory, integration, workflow and reporting capabilities include Risk-tiered AI Solution Intake Evaluation, a systematic approach to assessing the risk levels of AI solutions so they meet necessary standards and business needs. AI Inventory and Controls offers centralization of AI tools and application of Trusted AI Controls to enable application of policies and risk standards. AI Solution Pre-Launch Validations provides testing and validation processes to vet AI systems before deployment. Dynamic Regulatory Applicability Assessments provide continuous monitoring and adaptation to changing regulatory and compliance landscapes. KPMG has activated AI Trust with ServiceNow's AI Control Tower technology, with the aim of continuously updating AI governance as technology and regulatory environments evolve. Clients can automate AI-related compliance processes to continuously monitor for regulatory and internal control compliance and embed the ServiceNow AI Control Tower on their platform.

EY announces Integrated Finance Managed Service

EY at Friedrichstrasse in Berlin

Jeremy Moeller/Getty Images

Big Four firm EY launched an Integrated Finance Managed Service solution to help organizations accelerate their enterprise transformation. The service model will operate using cloud solutions from SAP across functions for human resources, payroll, finance operations, controllership, financial planning and analysis, treasury and tax, including application management.

Ignition debuts AutoCollect solution

Courtesy of Ignition

Revenue and billing automation platform Ignition announced its AutoCollect solution to reduce late payments. The solution allows auto-importing of unpaid invoices into Ignition from accounting software including QuickBooks Online and Xero. It can invite clients in bulk to pay securely via an online portal; provide the option to pre-save payment methods; and turn on automated collections for future invoices. The solution was developed after an Ignition study found that 94% of accountants and bookkeepers chase clients for late payments.

Workiva announces AI enhancements

Cloud-based financial reporting technology company Workiva said the Workiva AI companion is now integrated directly in documents with a side-by-side collaboration experience that retains all the existing Workiva AI functionality with new enhancements. Users can gain context-aware responses and recommendations through a persistent connection to open documents; input content generated by the Workiva AI companion where and how the user wants it with rich text insert; and polish content using a short list of edit-specific prompts available in-line while drafting content. Users can also use risk and control intelligence within internal controls over financial reporting to streamline control reviews by asking Workiva AI natural language questions about their controls program; optimize their controls program with personalized analysis and recommendations for their controls data; and surface missing or inadequate controls so teams can proactively address gaps before audits.

Trullion announces AI assistant Trulli

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Accounting and auditing software provider Trullion introduced Trulli, an AI agent designed to assist finance professionals with workflow automation, document analysis and policy interpretation. Trulli is built for accounting and audit, trained on real financial workflows, standards such as GAAP, IFRS and audit guidelines. It enables finance teams to retrieve policy guidance, ask questions about their files, and extract insights from complex documentation. Every response is backed by an audit trail, providing transparency between AI-generated answers and the original source documentation. Developed to address the detail-heavy nature of accounting workflows, Trulli can aid professionals who often spend hours cross-referencing policy documents and contracts under time constraints, including corporate accounting teams and audit firms.

Billing Platform releases AI assistant for smart billing

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Billing and revenue lifecycle solutions provider Billing Platform introduced BP Copilot, an AI-powered assistant. BP Copilot provides real-time reporting, contextual guidance and access to support resources through natural language queries that require no special technical skills. The copilot features embedded assistance that navigates to critical app areas, reports and the knowledgebase without needing manual searches. The AI Report Builder generates on-demand data visualizations and uncovers insights from billing data from prompts such as "Show me quarterly subscription revenue for the past three years." The natural language interface can understand user requests such as "Where do I manage invoices?" or "How do I add a new subscription?" and generate responses.

Vanilla enhances estate planning tools

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Estate planning solutions provider Vanilla announced significant enhancements to its AI suite. The latest release centers around V/AI Estate Summaries, a tool that reads and interprets entire sets of estate planning documents—not just individually, but collectively— which results in a structured, editable summary of the estate, along with planning observations, inconsistencies (such as misaligned spousal provisions), and next-step recommendations. Users can also access the Custom Prompt Extender, which allows firms (including trust companies) to input proprietary prompt templates, synopses or review requirements directly into the V/AI workflow. For example, a fiduciary team can automatically generate summaries that align with their internal audit protocols, flag taxability concerns, or identify potential drafting errors across multiple documents. Other new features include Automated Provision Notes Extraction, which identifies and associates provision notes with relevant subtrusts that are created at death; V/AI Copilot Enhancements, which allow advisors to ask tailored questions about a single document or full estate plan set; and Profile Auto-Population, in which key data such as family members, fiduciary roles, distributions and trust structures are extracted and auto-filled into the client's Vanilla profile. For more information, visit justvanilla.com.

Extend launches open-source AI toolkit for custom integrations

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Spend management platform Extend released an open-source AI toolkit that allows users to integrate and engage with the Extend API in their custom AI workflows. These integrations allow Extend's users to query their financial data using natural language, perform advanced analytics and generate custom reports, and automate workflows such as expense categorization and budget tracking. Businesses can use the AI agents to analyze spending patterns, identify cost-saving opportunities, and gain insights into cash flow, budget allocations, team spending, and other payment trends. The toolkit supports several frameworks including Anthropic Model Context Protocol, OpenAI, LangChain and CrewAI.

TaxPlanIQ announces free virtual tax advisory summit

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Tax planning software provider TaxPlanIQ announced a one-day free virtual summit entitled 2025 Tax Advisory Summit: Work Less and Earn More, scheduled for Friday, May 16, 2025 from 10 a.m. - 4 p.m. ET. Hosted by TaxPlanIQ president Jackie Meyer and CEO Dave Lukas, this year's featured speakers include Baker Wealth Strategies owner Jennifer Baker; Elite Resource Team CEO Anton Anderson; Oasis Tax Advisory Services CEO Angie Toney; and Nathan Sosa, manager of the national tax department at Hall CPA.

Partnerships and integrations

Global accounting network BKR announced a global strategic partnership with Suralink, a request list and document management software company for professional services firms. The collaboration will include joint participation in key events, thought leadership initiatives, and opportunities to connect with member firms on emerging technology and client experience solutions…. Pivot Payables Inc., a fintech company delivering corporate financial operations solutions, and Covantage Limited Pty, an Australia-based consulting firm and SAP Global Distinguished Partner, have entered into an agreement where Covantage will become a reseller for Pivot Payables throughout Australia, New Zealand and Southeast Asia. … Accounting and ERP solutions provider Sage announced significant progress in its ongoing collaboration with Amazon Web Services. Building on its role as an AWS partner holding the SMB Software Competency, Sage is working with AWS to develop AI solutions suited for the accounting and compliance needs of small and medium businesses. By leveraging AWS AI services like Amazon Bedrock and AI chips like AWS Trainium and AWS Inferentia, Sage has been able to accelerate development and deliver AI-powered solutions more efficiently. This collaboration enables Sage to test, refine and roll out AI models tailored to accounting and compliance demands. … Compliance solutions provider Sovos has joined the Amazon Web Services Independent Software Vendor Accelerate Program, a co-sell program for AWS partners that provides software solutions that run on or integrate with AWS. The program helps AWS partners drive new business by directly connecting participating ISVs with the AWS Sales organization. The AWS ISV Accelerate Program provides Sovos with co-sell support and benefits to meet customer needs through collaboration with AWS field sellers globally. … Melio, an accounts payable and receivable platform, has partnered with Gusto, a payroll and HR platform. Gusto is launching Bill Pay, which uses Melio's technology to enable Gusto customers to keep all of their payments in one place, while maintaining control and visibility over their cash flow. … Small business platform Xero announced an integration with accounting practice management platform Karbon. The integration combines Xero's cloud-based financial tools and Karbon's collaborative, workstream-driven platform to provide a connected solution that streamlines operations and helps firms focus on higher-value client work.