Financial modeling, much like coding, involves numerous interconnected spreadsheet tabs, complex logical structures built through Excel formulas and links.

An EY report notes there are over 1,000 AI-related regulatory frameworks worldwide, but overall they seem to be settling into three types.

Tax and accounting firms recognize that the world has fundamentally changed, and new technologies hold the key to transformation.

Plus, Lili introduces credit program; Mastercard announces Commercial Direct Payments solution; and other accounting tech news.

Accounting firms are getting tired of switching between applications that don't integrate.

While organizations understand AI governance and controls are important, actual implementation lags behind significantly due to leadership and culture.

For accounting professionals, the integration of generative AI in 2025 can occur through several distinct, yet often complementary, channels.

Accounting management platform Sage has acquired small business-focused expense management platform Fyle.

Plus, Pipe launches AI agents for small biz; Wolters Kluwer divests its Finance, Risk and Regulatory Reporting unit; and other accounting tech news.

A cautionary reflection on employment in the age of automation.

The White House released "America's AI Action Plan," which calls for a wide variety of measures such as cutting regulations, promoting standards, encouraging training and aligning models with certain values.

April, a tax program that leverages artificial intelligence, closed a $38 million Series B fundraise.

Intuit announced the release of new proactive AI agents for its Intuit Enterprise Suite, in addition to enhanced automation, business intelligence and financial management capabilities.

Canopy announced the availability of its new Smart Intake solution, to automate client intake and onboarding, fully embedded in Canopy's unified platform.

Aprio announced it has acquired AI accounting assistant platform TimeCredit, a 2024 AICPA and CPA.com Startup Accelerator company, as part of a larger $300 million investment in AI and automation.

Tax compliance solutions provider Sovos announced new AI capacities, called "Sovi," not as a standalone feature, but as an intelligent layer embedded throughout the compliance lifecycle.

AI and AI agents will no doubt do a lot of work in a lot of industries in the very near future. But generative AI still carries the risk of creating incorrect or fabricated information.

Amid cost pressures, more than a third of finance leaders have paused at least some capital spending and cut costs in virtually all areas except for AI.