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KPMG To Shutter UK Small Business Accounting Unit

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Corporate accounting and auditing firm KPMG is shuttering its small business services unit, reports in The Business Desk said Thursday (Feb. According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K.

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Data Hurdles Keep Accountants From Elevating Their Role

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This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

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Accountants May Be Bucking The Innovation-Averse Trend

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The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however.

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FinTech Targets The Cash Flow Needs Of CPAs

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The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

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Aitheon Pilots AI-Powered ‘Digibots’ To Automate Business Processes

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Reports said that as the company continues beta testing, it is offering the next 500 businesses to sign onto the pilots a discount to do so. The B2B FinTech market has increasingly turned to robotics and artificial intelligence to address pain points that remain even with automated solutions.

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When Artificial Intelligence Meets Human Intelligence In SMB Accounting

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Two-thirds of accountants recently surveyed by Right Networks said they embrace the cloud as a tool to forge deeper connections with their customers, while the cloud’s ability to facilitate forecasting, risk management and other value-added services is also a top focus for accounting professionals.

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Corporate Finance’s Interest In AI Doesn’t Lead To Adoption: Oracle

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More than three-quarters of accountants surveyed by BlackLine last year said they believed AI would play a “significant” role in corporate accounting.