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How Accounting Firms Are Winning the Automation Game

CPA Practice

For accounting firms, automation gathers scattered information and turns it into valuable insights. It increases productivity and empowers firms to better advise their clients by putting the right data into the right hands at the right time. A new report from BILL shows how accounting firms are winning at automation.

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Are accounting firms keeping remote work positions?

ThomsonReuters

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

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Accounting Firms Have Begun to See Mexico As a Goldmine for Accounting and Finance Talent, Says Guy

Going Concern

As CEO of a staffing firm that connects companies with professionals in Mexico, every day I speak with accounting firms, CFOs and other executives looking to hire accountants and other financial professionals in the U.S. Accounting Talent Crunch? team with professionals based in Mexico. Says Max: The U.S.

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Accounting Firms Spend Far More Than Law Firms on AI

CPA Practice

Accounting firms spent almost four-times as much implementing Artificial Intelligence (AI) systems in the past year as law firms and other professional services organizations, according to the latest research by Moore Global and the Centre for Economics and Business Research. You can download the report here: [link]

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Lessons From the Tech World that Apply to Accounting Firms

CPA Practice

One example of this from the accounting profession: Matthew May, one of the co-founders of Acuity, a national accounting firm, recently stated during a panel discussion at an accounting conference that his firm had learned a lot of the processes for lead generation and prospect data mining from a software company located near his firm.

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The CPA Shortage Compels Accounting Firms to Embrace Digital Transformation

CPA Practice

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White, SVP of Finance, AvidXchange. By Cameron White.

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Tips to Avoid Common AI Adoption Issues in Accounting Firms

CPA Practice

In recent years, the integration of Artificial Intelligence (AI) and Machine Learning into accounting firms has been on the rise, bringing both opportunities and challenges. By Shane Westra. Following this, adopting and enforcing best practices for managing and storing sensitive information is essential.