Accounting stories
Most New Zealand accounting firms expect AI to reshape workloads and lift advisory services, with 94% saying it will not cut jobs next year.
More than 13,000 customers can now use the new tools to analyse data and trigger actions in NetSuite while keeping permissions unchanged.
The update targets a stubborn manual task in accounts payable, letting finance teams automate line-level coding on invoices without purchase orders.
The read-only feature lets firms query client cash positions and compliance data in plain language, while keeping records unchanged.
Late-arriving receipts, approvals and invoices force finance teams into repeated month-end firefights, wasting time that should be spent on judgement.
Businesses can now delegate more complex finance, HR and supply chain work to governed AI, as Oracle expands its agentic software suite to 75 applications.
The Auckland fintech plans to double staff as the NZ$5 million funding commitment backs expansion in New Zealand's open banking market.
AI-related work helped push EY's annual revenue to USD $57 billion, with clients shifting from trials to wider business use.
Fewer expense errors are cutting admin for finance teams, with immediate approvals jumping to 26.8% as rejection rates slipped to 2.26%.
Progressive accounting firms in the US are generating 28% more revenue per employee, according to a Karbon study of 1,200 survey responses.
The new funding will help the New York-based startup expand AI software that already cuts routine finance work by 90% for customers.
Existing customers can set up the service in under 15 minutes, as Mercury folds wage payments, tax filing and benefits into one platform.
US tax and audit teams can now use a workflow that links calculations to source authority, aiming to cut manual review and drafting time.
The deal will give Aline's firms one system for audits, cutting duplication as the network scales while keeping local client service in place.
Australian small businesses and accountants will get more automated bookkeeping help as Intuit rolls out its AI platform in QuickBooks and Accountant Suite.
Rising AI use is exposing a training gap in Singapore's finance sector, prompting a new exam to test when professionals should trust or verify output.
The move gives the Top 25 US accounting firm a governed AI platform for audit work as rivals race to modernise assurance tools.
Institutions are testing vaults to cut back-office costs and enforce risk rules in onchain lending as tokenised finance matures.
Clients will now see audit work and document requests in one live system as the Kansas firm replaces a 20-year-old platform.
The hire comes as the AI software group expands its platform and looks to boost investment in customer-facing tools.