Accounting stories
Beauty and wellness operators can now cut manual bookkeeping as financial data flows straight from Fresha into Xero and QuickBooks.
Firms in regulated sectors could clear conflicts and screen deals faster as Intapp ties its new AI tool to internal rules and records.
Businesses are narrowing AI deployments to specific tasks as scrutiny grows over costs, returns and the need for human judgement.
The rollout aims to cut manual bookkeeping and speed cash flow decisions for Xero's 5 million customers worldwide.
Many finance teams are spending the equivalent of days a week checking AI outputs, wiping out hoped-for productivity gains and slowing adoption.
The move puts human checks at the centre of AI-assisted modelling, as finance teams face greater scrutiny over errors in Excel outputs.
His appointment puts a South African at the head of CIMA as the profession grapples with AI, trust and talent shortages.
Client mandates and staff retention are at risk as most professional services firms struggle to turn widespread AI use into daily practice.
Firms facing a deepening hiring crunch may use specialist AI agents to handle routine accounting tasks as regulatory workloads rise.
Routine tax workflows are shifting as 60% of US accountants now use AI weekly, with many expecting billing models to change.
Accounting firms could cut manual work as Karbon's early-access Kai AI uses platform data to draft tasks, insights and workflows.
As inDrive expands beyond ride-hailing, the new Chief Financial Officer will steer finance after gross bookings rose 30% to USD $6.4 billion.
AI is freeing OpenAI's finance staff from routine work, shifting effort towards analysis, controls and judgement across tax and investor relations.
The move is designed to improve audit consistency, speed staff training and help the firm scale more effectively across engagements.
Lower operating costs helped Schneider Electric NZ lift annual profit to NZD $9.2 million even as revenue fell 9.5% to NZD $175.4 million.
The move will let auditors review entire ledgers for anomalies, as BDO UK seeks to lift quality and reduce manual sampling ahead of year ends.
Only about one in 10 senior finance candidates can prove practical AI use, leaving UK employers short of leaders able to meet new hiring demands.
The UK tax overhaul is set to bring more self-employed workers and landlords online, creating demand for cheaper filing tools with human checks.
Accountants face a shift towards advisory work as AI and data tools reshape finance, with trust and judgement remaining vital.
Independent accountants could cut preparation time sharply as a rebrand signals Current's wider bet on AI tools and shared services.
