Chris Gaetano

Generative AI is saving finance teams a lot of man hours as they ditch manual processes, but translating that into dollar-based ROI terms is tricky, panelists said.

Big Four firm EY announced the formation of its new EY.ai Global AI Advisory Council, in support of EY.ai, the unifying AI platform that launched in September 2023.

Bloomberg Tax and Accounting announced the launch of a new strategic partner program with several tax software providers in order to provide users with additional tools to address workflow challenges. Partners include:

Sikich rolls out AI studio; Thomson Reuters integrates AI CoCounsel to tax solutions; Sovos Introduces 1099 Professional solution; and other accounting tech updates.

Travel and expense solutions provider Navan announced the release of Navan Accountant Console , a dedicated solution made specifically for accounting firms.

Finance platform Rho announced the launch of the Rho Partner Portal for Accountants , a version of Rho designed specifically for partners at Rho who are accountants.

Tax solutions provider April announced the release of a new embedded finance solution AprilPro, which is made for addressing complex tax situations

Continuing professional education provider MYCPE and staffing solutions provider Entigrity are merging to create a new company, MYCPE One.

A recent survey of ERP users found Info is used most often for accounting and finance; Microsoft is used most for inventory management; SAP and Oracle are used most for sales and customer relations.

The accounting solutions provider is now focusing on small businesses after mainly concentrating on the bookkeeping needs of venture-backed startups.