Stablecoin issuer Tether says it has engaged a “Big Four” accounting firm for its inaugural audit. The company’s “first full independent financial statement audit” is “slated to be the biggest ever inaugural audit in the history of financial markets,” Tether said in a Tuesday (March 25) news release....
Accounting-focused artificial intelligence (AI) startup Basis has raised $100 million in new funding. The company’s Series B round, announced Tuesday (Feb. 24), was led by Accel and Google Ventures and values Basis at $1.15 billion. “Accounting is structured, high-stakes, and essential to every business on...
Goldman Sachs is deploying autonomous artificial intelligence (AI) agents built with Anthropic’s Claude model to automate core accounting, compliance and operational finance functions, according to a Friday (Feb. 6) report from CNBC. The initiative reflects the rapid adoption of agentic AI and the broader trends...
Artificial intelligence (AI) has begun to transform accounting by automating routine tasks such as data entry, transaction classification, reconciliations and document review while leaving strategic judgment and interpretation to human professionals. What’s emerging is an accounting profession where AI handles repetitive work efficiently, human accountants...
December 22, 2025
Watch more: The Digital Shift: Safebooks’ Ahikam Kaufman Corporate finance has a paradox problem. Businesses move faster than ever, yet the teams responsible for tracking, validating and reporting the money still operate as if speed were optional. While sales, marketing and customer support have spent years layering automation and AI onto their workflows, finance remains […]
March 19, 2024
Steve Sprague, chief strategy and product officer at Sovos, told PYMNTS in a recent interview that tax compliance is changing — from an intermittent activity to a continuous one. In...
February 06, 2024
One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle up business’ plans to tap...
July 31, 2023
Today’s CFOs find themselves more and more in the driver’s seat. But that doesn’t mean the road ahead is a clear one. Coming out of a choppy past couple years into...
June 03, 2026
Financial operations platform Ramp has launched an artificial intelligence (AI) system designed for accounting firms. Ramp Stack marks the company’s entry into the $150 billion accounting sector at a time when more than 300,000 CPAs have the industry and accounting degrees are at a 20-year low, Ramp said in its announcement Wednesday (June 3). “Accounting firms are under more […]
March 25, 2026
Stablecoin issuer Tether says it has engaged a “Big Four” accounting firm for its inaugural audit. The company’s “first full independent financial statement audit” is “slated to be the biggest ever inaugural...
February 24, 2026
Accounting-focused artificial intelligence (AI) startup Basis has raised $100 million in new funding. The company’s Series B round, announced Tuesday (Feb. 24), was led by Accel and Google Ventures and...
August 27, 2025
Monetization platform Zuora is teaming with human resources/finance platform Workday. This collaboration combines Zuora’s order-to-cash automation with Workday Financial Management to give business to consumer (B2C) companies a simpler way to handle complex...
