Chris Gaetano

6 days ago | accountingtoday.com | Chris Gaetano

Artificial intelligence has indeed led tech-forward firms (including those in this year's Best Firms for Technology) to be more efficient and productive in both client-facing and administrative tasks, but at the same time professionals have found the technology still struggles with precision and accuracy, which limits its usefulness for complex work.

6 days ago | accountingtoday.com | Chris Gaetano

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 Big Four firm KPMG announced the launch of KPMG AI Trust, a suite of services to help clients ensure AI reliability, accountability and transparency as they scale AI applications.

1 week ago | accountingtoday.com | Chris Gaetano

Tech-forward CPA firms–including those listed in this year's Best Firms for Technology–reported a variety of areas in need of a tech upgrade, and are planning major investments over the next year to address at least some of these pain points. One of the most commonly mentioned areas were firm practice management systems. Some, like California-based Navolio and Tallman, wanted better reporting options than were currently on offer from their practice management systems.

1 week ago | accountingtoday.com | Chris Gaetano

Tech-forward accounting firms — including those listed in this year's Best Firms for Technology — have devoted a lot of time and resources toward improving the client experience, particularly when it concerns onboarding. Whether evaluating potential clients, accepting new ones, or working with existing ones, managing them all was a clear pain point for many firms, leading them to concentrate on improving the efficiency and efficacy of their processes at every stage.

1 week ago | accountingtoday.com | Chris Gaetano

AP automation solutions provider AvidXchange has agreed to be bought for $2.2 billion by TPG, a global asset management firm, and Corpay, a payment solutions company. TPG will acquire a majority interest while Corpay will acquire a minority interest. The two companies will acquire AvidXchange for $10 per share in a cash transaction.