Program Fosters Emerging Technologies that Benefit the Accounting and Finance Profession
NEW YORK (March 12, 2024) – Today the American Institute of CPAs (AICPA) and CPA.com announced the participants of its 2024 Startup Accelerator program, which will kick-off this week at a meeting at their headquarters in New York. This year’s participants include seven early-stage companies leveraging artificial intelligence (AI) aimed at creating efficiencies and enhancing value in services across audit, accounting, tax advisory and firm management.
The Startup Accelerator supports the growth of early-stage technology companies benefiting the accounting and finance ecosystem. Selected companies receive focused insights from subject matter experts and firm and finance leaders who are reshaping the profession. They also benefit from strategic intelligence, business acumen and guidance from AICPA and CPA.com senior leaders and the program’s advisory board members. Additionally, selected companies will receive a $25,000 grant and have an opportunity to showcase their solutions at AICPA & CIMA ENGAGE, the premier conference for the accounting and finance profession that will be held in June at the ARIA Resort & Casino in Las Vegas.
“Artificial intelligence is going to play an increasingly strategic role in the world of accounting and finance,” said Kacee Johnson, vice president of Strategy & Innovation at CPA.com. “Our responsibility is to stay ahead of trends in technology so we can identify and foster solution providers with the best potential to meet the changing needs of the profession. The Accelerator program is a great way to stay current with the latest entrants into the ecosystem and connect these providers with CPAs that can put their solutions to work.”
The following technology providers were selected for inclusion in the 2024 cohort:
- Aider delivers compliance efficiencies, while enabling AI-powered advisory at scale for firms.
- Black Ore offers CPAs an AI-powered tax preparation platform designed to automate complex tax returns quickly and accurately, which can reduce burnout and give CPAs more time to focus on client advisory and growing their firms.
- TimeCredit provides AI-powered research and documentation tools for accountants to automate technical memo writing and answer complex questions instantly.
- Laurel utilizes advanced AI to automate timekeeping and address billing complexities for accounting firms, saving timekeepers valuable time and offering unparalleled insights into their operations.
- Digilence offers AI, machine learning, automation and intelligent document processing capabilities to accounting firms through its Digilence Cloud, using a SaaS model.
- Supervizor, an advanced audit analytics software automates financial anomaly detection for continuous error and fraud detection.
- Materia providers an AI-powered intelligent workflow automation platform for public accounting firms that helps improve the efficiency and quality of audits.
This year’s AI-focused cohort is part of a broader Generative AI initiative by CPA.com to support the profession in understanding and harnessing the capabilities of this rapidly expanding technology, including a GenAI toolkit, an AI Symposium and other resources housed at CPA.com/gen-ai.
For more information about the Startup Accelerator, please visit cpa.com/accelerator.
About CPA.com
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus.
Our company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners. A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.
About the American Institute of CPAs
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 431,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the profession.
