Accounting stories - Page 2

AI is rapidly transforming accounting, shifting roles from bookkeeping to strategic advising and reshaping how firms deliver value amid economic challenges.

FloQast teams up with Deloitte Australia to enhance financial processes using AI, aiming to boost efficiency and accuracy in accounting across industries.

BillingPlatform launches RevenueIQ, an AI suite to help finance teams automate tasks, predict trends, and optimise cash flow using billing data analysis.

Ignition and Karbon have integrated to automate billing and workflows, boosting efficiency for accounting firms by streamlining client onboarding and payments.

Wolters Kluwer updates CCH iFirm platform with AI and new tools to boost efficiency and client management for accountants in Australia and New Zealand.

Australian SMEs face major challenges with slow cash flow and payment reconciliation, losing hours weekly and risking $50,000–200,000 in disputes, Adyen finds.

A survey reveals 52% of Australian office workers would switch jobs for a 22% pay rise, though 48% prioritise job security over salary increases.

As businesses add subsidiaries, basic accounting software falters, creating manual woes and scaling issues that cloud ERP systems can resolve efficiently.

Tempo appoints Jenny Decker as new CFO, leveraging her 15+ years in SaaS to steer global finance and operations from San Francisco.

BlackLine has been recognised in the 2025 Forrester Report for its innovative use of AI in accounts receivable automation, enhancing accuracy and reducing bias.

BlackLine has unveiled its 2024 Global and Regional Partner Awards, honouring firms for advancing future-ready finance operations in a digitally evolving landscape.

As the accounting and advisory sector transforms through technology, firms are harnessing insights from platform economies to boost efficiency and profitability.

Multiverse Partners Technology has launched the SELODE Mother Box, an AI device for SMEs in Australia, providing secure, on-premise data management.

A new analysis reveals that job postings mentioning Generative AI have tripled in Australia, highlighting varied adoption trends across sectors.

New Zealand firm Orb360 is set to enter the Australian market, employing a unique model that pairs Kiwi accountants with counterparts in India.

Quadient forecasts that by 2025, blockchain will revolutionise finance teams, enhancing transaction accuracy and transparency in a challenging skills landscape.

A new Indeed analysis reveals that 11.6% of Australian job postings prioritise basic digital skills, overshadowing AI expertise at just 2.2%.

Australian venture capital firm Rampersand leads a AUD $5.1 million funding round for Restoke.ai to boost its US market expansion and transform restaurant operations with AI.

Despite rising unemployment, Australia's finance and accounting job market stays strong, with 92% of businesses intending to sustain or boost permanent roles by year-end.

Top AI startups, including Anyscale, Clarifai, Cohere, and SymphonyAI, are using Oracle NetSuite to streamline operations, reduce costs, and enhance business insights.