Automation

AI can now do most of the boring work, which raises the question of what the humans will be doing. According to vendors featured during the IMA's Technology Showcase, the answer is reviewing the work the AI does.

Accounts payable processes once ran on predictable inputs. That world has changed.

AI-focused accounting ERP provider DualEntry tested some of the most popular AI models on various accounting workflows and found that, at best, they're 77.3% accurate.

Celeste AI draws on a company's data set to autonomously perform complex workflows consistent with the firm's own best practices and compliance rules.

Enrico Palmerino, the CEO of shuttered accounting tech company Botkeeper, said it was hit by a perfect storm of market consolidation.

Botkeeper, which abruptly shut down earlier this month, has found a new lease on life as the Botkeeper Infinite platform after being acquired by Xendoo.

Accounting firms need to stop worrying about staffing problems, and start focusing on capacity.

Sage announced the latest version of its Sage Intacct solution, which now features AI agents for finance intelligence and data imports.

Plus, new Emburse tool uses AI to prevent errors before they start; Bill touts new agents, enhancements to existing ones.

Oracle NetSuite introduced a host of new features and capacities built around agentic AI covering both process automation and data-driven insights.

Used correctly, it's a force multiplier, not a job eliminator.

Bookkeeping automation solutions provider Botkeeper is closing down. The company made the announcement over the weekend.

The new Pilot AI Accountant claims to run the entire bookkeeping and financial reporting process with zero need for human intervention.

Firms are deploying AI to automate their way out of the talent crisis — but that's just the beginning.

In accounting and financial services, the ability to scale infrastructure efficiently isn't just a technology concern, it's a business imperative.

While still a minority, a significant percent of finance leaders have offloaded at least half of their accounting and finance workload to agentic AI tools.

Plus, Melio unveils "Agent Mel" AI; Rillet announces continuous close, Brex integration, auto-booking for journal entries; and other accounting tech news and updates.

When context is missing, accountants spend their time searching, validating and double-checking instead of analyzing and advising.

Many of the most serious issues in financial reporting and tax compliance stem from ordinary mistakes in organizations that believe they are compliant.