Automation

In an ideal world, your general ledger is streamlined, automated and does financial reconciliations. In reality, most accountants still default to Excel.

We must face the fact that some areas of accounting will be completely replaced by AI, which means professionals must find new islands of safety.

How do you determine whether AI, automation, or any emerging tool is worth the investment? The answer isn't as complicated as it seems.

Plus, Solver releases xFP&A Nonprofit Industry Solution Models; CPAClub launches "Club 22" professional network; and other accounting tech news.

Should auditors be involved in real-time financial monitoring? The potential is huge, but so are the challenges that come with it.

By streamlining tasks such as risk assessment, control testing, and reporting, generative AI has the potential to increase efficiency across the entire SOX lifecycle.

Traditional AI and generative AI aren't significantly more likely to produce high productivity gains compared to other innovations like RPA or blockchain.

FloQast and Fieldguide each announced the release of their own agentic AI solutions for accountants.

Traditional talent development models rely on in-house staff and struggle to keep pace with the changes accounting firms face.

Big Four firms EY and Deloitte, as well as accounting automation solutions provider Digits, all announced separate partnerships with technology company Nvidia.

The accounting profession, long regarded as a meticulous and data-driven field, is undergoing a significant transformation.

Accounting practice management solution provider Canopy previewed three new products that are currently in beta testing, as well as announced new hires.

Most accounting tech companies pride themselves on making life easier for accountants, but why would accountants buy AI that could theoretically take their jobs?

Businesses are facing mounting regulatory requirements that fundamentally reshape tax and financial processes.

Plus, Xero debuts "reconcile period" feature; EisnerAmper appoints David Frigeri as chief artificial intelligence officer; and other accounting tech news.

Agentic AI represents more than mere automation. It's a paradigm shift that elevates the role of accountants from transactional operators to strategic advisors.

To make artificial intelligence worthwhile as an accounting tool, companies must find ways to balance gains in efficiency with the ethical risks it presents.