accounting

PwC Plans to Cut1,800 Jobs Citing Changing Market Demand 
PwC Plans to Cut1,800 Jobs Citing Changing Market Demand 
September 11, 2024  |  Personnel

Accounting giant PricewaterhouseCoopers (PwC) is reportedly cutting around 1,800 jobs. The layoffs, its first in 15 years, will be accompanied by a restructuring of PwC’s...

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US Accounting Giants Ready Themselves for New Quality Control Standards
US Accounting Giants Ready Themselves for New Quality Control Standards
September 10, 2024  |  Regulation

Where there is smoke, there tends to be fire. But where there exists the repeated appearance of deficiencies in the audit process of a business,...

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Revolut Business Adds Bill Pay Feature
Revolut Business Adds Bill Pay Feature
September 04, 2024  |  B2B Payments

Revolut Business has launched Revolut BillPay, a feature that automatically pulls bills in from the user’s accounting software or allows users to upload bills to...

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Rillet Raises $13.5 Million for Accounting Automation Platform
Rillet Raises $13.5 Million for Accounting Automation Platform
July 29, 2024  |  Investments

Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built...

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This Week in AI: Transforming Accounting, Governance, Energy Efficiency and Tech Investments
This Week in AI: Transforming Accounting, Governance, Energy Efficiency and Tech Investments
June 28, 2024  |  artificial intelligence

The artificial intelligence (AI) revolution drives transformative changes across various sectors, from accounting and regulatory frameworks to energy efficiency and tech infrastructure. Venture capital firm...

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Making Sense of the FASB’s Proposed Business Software Accounting Changes
Making Sense of the FASB’s Proposed Business Software Accounting Changes
June 28, 2024  |  Regulation

Tax rules for businesses around their software costs haven’t changed in nearly half a century. But over the past few decades, nearly everything we know...

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Materia Exits Stealth, Launches GenAI Platform for Public Accounting Firms
Materia Exits Stealth, Launches GenAI Platform for Public Accounting Firms
June 20, 2024  |  artificial intelligence

Materia has come out of stealth with over $6.3 million in funding, launching a generative artificial intelligence (AI) platform built specifically for public accounting firms....

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Bookkeeping Firm Digits Buys Accounting Platform Basis Finance
Bookkeeping Firm Digits Buys Accounting Platform Basis Finance
June 17, 2024  |  Acquisitions

Bookkeeping platform Digits has acquired budgeting and forecasting startup Basis Finance. “With rising interest rates and a tightening fundraising environment, the importance of extending runway has become crystal...

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Light Raises $13 Million to Scale AI-Powered General Ledger
Light Raises $13 Million to Scale AI-Powered General Ledger
June 12, 2024  |  Investments

Light has come out of stealth and announced a $13 million financing round to scale its artificial intelligence (AI)-powered general ledger for multinational companies. With...

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