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Qount, a Plano-based AI-driven platform founded in 2016, launched an AI-powered 1099 workflow to automate tax season tasks like data collection and compliance, saving firms hundreds of hours. Backed by $17M funding, it integrates with QuickBooks and enhances security. This innovation positions Qount as a leader in efficient accounting automation.
Snyk's AI Readiness Framework is your roadmap for building and maturing secure AI development practices in the new AI risk landscape.
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Beijing has recognized CIMA's digital management accounting credential, enabling professionals to align with global standards and contribute to China's digital economy. This move enhances skills in analytics, AI, and ESG, fostering cross-border collaborations and addressing skill gaps. It signals Beijing's commitment to financial sector competitiveness amid rapid digital transformation.
San Francisco startup Accordance launched its AI platform for accountants and tax professionals, backed by $13 million from Khosla Ventures and others. Founded by Stanford dropouts, it acts as an "intelligent co-pilot" using multi-agent AI to tackle regulations and talent shortages. This innovation promises to boost efficiency amid industry challenges.
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SMBs are reluctant to upgrade payment systems due to fraud fears, risking billions in lost revenue as customers shift to digital wallets and contactless options. Outdated systems heighten vulnerabilities, but experts recommend audits, AI monitoring, and secure tech adoption. Balancing innovation with safeguards will enable growth in the digital economy.
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