In recent years, the incorporation of artificial intelligence (AI) in the accounting industry has become increasingly common. No longer limited to progressive firms, even small sole proprietorships now have access to powerful AI solutions thanks to the advancements in generative AI technology. However, the focus has shifted from whether AI is being used to how extensively it is being utilized and for what purposes.
The Best Firms for Technology in 2024 have taken a strategic approach to AI, selecting specific applications that best serve their needs. These firms prioritize technology that enhances their practices rather than technology for the sake of technology. From client communications to financial statement preparation, these firms take a thoughtful approach to AI, avoiding both the hype and skepticism surrounding it.
In addition to AI, these firms have also made significant efforts to integrate various solutions that improve automation and streamline workflows. Many have also bolstered their cybersecurity measures in response to the increasing number of cyberattacks targeting accounting firms. Furthermore, as more firms focus on enhancing client services with AI, there has been a push to upgrade client management systems. These firms recognize the importance of taking a holistic approach to their technology infrastructure and utilizing various solutions as needed.
Accounting Today’s 2024 Best Firms for Technology are not just using AI but also incorporating other technologies into their operations. Profiles of these individual firms can be found on AccountingToday.com.
