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KPMG To Shutter UK Small Business Accounting Unit

PYMNTS

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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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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Data Hurdles Keep Accountants From Elevating Their Role

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.” Supporting an Accounting Shift. Well before the pandemic, however, the corporate and small business accounting community was in the midst of a massive industry shift away from number-crunching and toward providing the advisory services that businesses need so much today.

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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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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.

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Aussie Accountants Brace For Industry Disruption

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“The tide is definitely rising, and those accountants that take action and future-proof their businesses now will be [the] winning practices of tomorrow.”. Australia has one of the most robust small business accounting markets in the world, with industry players like Xero (based in New Zealand) and MYOB leading FinTechs in the market.

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