Thomson Reuters

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.

Materia's platform can answer accounting queries in plain language and embed citations so users can verify the information.

Thomson Reuters unveiled its AI-powered Audit Intelligence suite, and its first solution, Audit Intelligence Analyze, to identify anomalies and generate documentation.

A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.

Thomson Reuters announced the general release of Checkpoint Edge with CoCouncil, now sporting an AI-Assisted Research feature for tax research as well.

A recent poll found professionals predict that as AI makes jobs more efficient, firms will move away from the billable hour model in favor of value pricing.

A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.

Thomson Reuters recently closed its $800 million acquisition of Pagero, a Swedish e-invoicing company, placing a big bet on the future of electronic invoicing amid wider changes in international tax and accounting.

Many downstream accounting tech solutions are simply not ready for full automation and AI-powered transactions.

Thomson Reuters was the winner of a bidding war to acquire a majority stake in Swedish e-invoicing and tax solutions firm Pagero.