Amid widespread adoption of traditional and generative forms of artificial intelligence, the looming question on the minds of many accountants is what diving deeper could mean.

Five major trends and key takeaways from Bill's Accountant Partner Council.

ADP announced the release of its new generative AI-based platform Lyric, touted as an all-in-one platform for payroll, service and other human capital management needs.

Plus, Workday announces new initiatives, investments and a wellness solution; and other accounting technology news.

Intuit announced the release of Intuit Enterprise Suite, an all-in-one solution that is meant for larger, more complex businesses.

Wolters Kluwer announced major enhancements to CCH Axcess Audit, which works with numerous other modules in the suite to produce more detailed insights and workflow integration.

Plus, Gusto announces "Gus" AI; Boost launches cross-border payment solution; and other accounting tech news.

Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.

Thomson Reuters unveiled its AI-powered Audit Intelligence suite, and its first solution, Audit Intelligence Analyze, to identify anomalies and generate documentation.

Oracle NetSuite announced major AI-related enhancements to numerous products across its product suite.

Stampli unveiled Stampli Cognitive AI, which sports what it says are "human-level" purchase order matching abilities.

Intuit announced major upgrades to its GenOS system, bolstering its development capabilities in generative AI.

The rapid adoption of gen AI has created opportunities for accounting firms — but also challenges.

While small businesses still primarily use accounting software to record and manage transactions, the percentage using paper actually increased

Microsoft researchers believe they have found a way to overcome the traditional challenges generative AI large language models have had with using spreadsheets.

Sage's new generative AI Copilot solution, set for U.S. release later this year, is meant to make powerful automation capacities more accessible.

Members of Accounting Today's Managing Partner Elite are investing in artificial intelligence for efficiency — but they're cautious about it.

Auditors face increasing challenges in evaluating how organizations estimate and report credit losses.

Plus Google's about-face on cookies, the gadgets you need to keep working no matter what, and seven other developments in technology this past month.

Moss Adams announced the launch of two new AI consulting teams, focused on machine learning and generative AI, who will work with clients on implementing AI solutions.