Modus raises $85M for AI-native accounting technology
Modus secures $85M funding round to accelerate AI technology development and expand partnerships with audit-focused accounting firms.
Modus secures $85M funding round to accelerate AI technology development and expand partnerships with audit-focused accounting firms.
AI-native platform Digits shifts to outcome-based pricing model where accounting firms pay only when the software measurably reduces manual work.
EY launches enterprise-scale agentic AI for audit work globally, reinforcing its multibillion-dollar commitment to assurance quality and automation.
Artifact AI unveiled Omni, an AI orchestration platform that automates connective tasks between accounting tools, targeting advisory service firms managing multiple software systems.
AI is now embedded in core accounting workflows during month-end close processes, prompting auditors to reassess verification procedures and control frameworks.
Artifact's Omni AI uses natural language processing to help accounting firms automate complex workflows across multiple systems without traditional coding.
Oracle expands its NetSuite AI Connector Service while Daylit launches an AI-powered accounts receivable agent, signaling continued momentum in AI-driven accounting automation tools.
AccountingWeb warns CPAs that their clients are using AI without disclosure, creating blind spots in tax and compliance work that firms must address proactively.
Researchers combine LLMs with Logic Tensor Networks to validate regulated procurement documents with explainable, legally verifiable decisions suitable for public institutions.
arXiv paper proposes formal framework for auditability of LLM agents that act on external systems, addressing accountability and responsibility assignment in deployed agent systems.
Researcher proposes using generative AI to automatically construct formal, evidence-linked argument graphs for regulatory compliance and certification audits, addressing traceability and accountabi...
Analysis questions whether LLMs can reliably answer tax questions, highlighting accuracy gaps in a core accounting use case.
Unpaved introduces an audit framework to evaluate bias in AI developer tools used in Global South contexts, addressing how automation platforms may perpetuate inequality in emerging markets.
Intuit surveys top AI-powered accounting software for bookkeeping, reconciliation, and financial reporting, highlighting how automation reduces manual work and lets teams focus on higher-value tasks.
HubSync showcases how AI-powered automation reduces manual compliance work burden for accounting and audit teams.
RightRev introduced bulk journal processing feature eliminating manual entity-by-entity revenue recognition, reducing close timeline risk for teams managing 10+ subsidiaries.
Developer releases open-source Java library automating Norwegian VAT (MVA) filing, handling complex auth chains and Skatteetaten submission rules—distilled from 3 years building accounting SaaS.
YC-backed Vibooks launches local-first bookkeeping software specifically architected for AI agents to perform automated accounting tasks without cloud dependency.
Guide explores how startups can use AI to automate bookkeeping processes and reduce time spent on manual accounting tasks.
FreeAgent launches bank-led Construction Industry Scheme automation that categorizes subcontractor payments and auto-generates monthly returns, reducing manual compliance errors.