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1 day ago | 
accountingtoday.com | Chris Gaetano
Prager Metis teams with Kearns Technology to launch "PM IT Services"; K1x launches 1099 aggregator; Ledgre announces tax assistant for rental property owners; and other accounting tech news.
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1 day ago | 
accountingtoday.com | Chris Gaetano
Just because you think your client data is protected, and just because a company claims it keeps this data private, does not necessarily mean it's true, according to Randy Johnston, the co-founder and principal at accounting tech consultancy K2.
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1 day ago | 
accountingtoday.com | Chris Gaetano
Whether they're individuals or organizations, clients are the heart of the accounting profession, the reason why firms even exist in the first place. But finding the right client–or even determining what the right client is–can be a major challenge that takes up significant time and focus.
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2 days ago | 
accountingtoday.com | Chris Gaetano
Regardless of how a firm ultimately implements AI, Kim Petro, a practice advancement coach from Woodard, stressed the importance of doing so ethically. While AI has opened up a whole new world of possibilities, not all of them are necessarily positive, and so it is important to be mindful of the consequences of using AI solutions.
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2 days ago | 
accountingtoday.com | Chris Gaetano
While virtually every accountant by now has heard the exhortation to use AI in their practice, many remain mystified as to how to even get started. Speakers at Woodard's Scaling New Heights conference in Orlando noted that while using AI certainly can be complicated, even simple applications can have impressive results.
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2 days ago | 
accountingtoday.com | Chris Gaetano
Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can—when running on its Autonomous General Ledger product—automate 95% of the entire bookkeeping workflow in a way that, according to tests the company performed, outperforms even human professionals in terms of accuracy and speed.
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2 days ago | 
accountingtoday.com | Chris Gaetano
Cloud accounting platform Xero announced it will acquire payments solution provider Melio. The acquisition is expected to be funded through a mix of cash and equity. The upfront consideration will be $2.5 billion in cash and equity consideration. Additional contingent consideration, deferrals and rollovers is payable to Melio employees of up to $0.5 billion payable over three years.
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1 week ago | 
accountingtoday.com | Chris Gaetano
Crete Professionals Alliance, a network of US-based accounting practices, announced plans to spend $500 million in cooperation with Thrive Capital—a tech-focused investment firm—to acquire CPA firms and upgrade them with AI.
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1 week ago | 
accountingtoday.com | Chris Gaetano
TaxFyle rolls out TXF Intelligence for smaller practitioners; Foxit adds 40 integrations for document management; Deloitte and SailPoint expand collaboration on identity management; and other tech news. TaxFyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider TaxFyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for US small tax and accounting firms.
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1 week ago | 
accountingtoday.com | Chris Gaetano
Big Four firm KPMG announced the launch of its new multi-agent AI platform, Workbench, which will serve as a foundational and single AI platform, designed to underpin its client delivery platforms as well as its other AI platforms such as KPMG Digital Gateway (Tax), KPMG Velocity (Advisory) and KPMG Clara (Audit). The capabilities are available internally to KPMG professionals and are also available to deploy for clients.
