Accounting stories

Multiverse Partners Technology has launched the SELODE Mother Box, an AI device for SMEs in Australia, providing secure, on-premise data management.

A new analysis reveals that job postings mentioning Generative AI have tripled in Australia, highlighting varied adoption trends across sectors.

New Zealand firm Orb360 is set to enter the Australian market, employing a unique model that pairs Kiwi accountants with counterparts in India.

Quadient forecasts that by 2025, blockchain will revolutionise finance teams, enhancing transaction accuracy and transparency in a challenging skills landscape.

A new Indeed analysis reveals that 11.6% of Australian job postings prioritise basic digital skills, overshadowing AI expertise at just 2.2%.

Australian venture capital firm Rampersand leads a AUD $5.1 million funding round for Restoke.ai to boost its US market expansion and transform restaurant operations with AI.

A Forrester Consulting study for Sage predicts that by 2030, AI will revolutionise SMB accounting with ethics policies, real-time data, and continuous assurance.

Despite rising unemployment, Australia’s finance and accounting job market stays strong, with 92% of businesses intending to sustain or boost permanent roles by year-end.

Top AI startups, including Anyscale, Clarifai, Cohere, and SymphonyAI, are using Oracle NetSuite to streamline operations, reduce costs, and enhance business insights.

Over two-fifths of UK SMEs plan to adopt AI in finance and accounting, bluQube reports, with growing trust in AI spurred by its potential efficiencies.

AI adoption is rapidly transforming finance operations in UK SMEs, with 44% planning to integrate AI into their accounting functions.

Kickstarting your digital transformation with finance can yield quick, measurable gains. Mid-sized enterprises are urged to prioritise this back-office function to boost efficiency and strategic planning amidst economic uncertainties.

Australian workers are embracing AI, with 67% using it weekly and saving at least three hours, finds Freshworks 2024 Global AI Workplace report.

Trustwave's latest report unveils a surge in ransomware and tech-based attacks on professional services firms, stressing the urgent need for stronger cybersecurity measures.

Xero has revealed its AI-powered business companion, Just Ask Xero (JAX), to boost accuracy in accounting tasks, launching a beta in August.

Xero has unveiled JAX, a new AI-powered smart business companion, at Xerocon London, promising enhanced accuracy in accounting tasks for small businesses.

Kroll appoints Jon Rowell as Head of APAC to enhance strategy and growth initiatives from Sydney. Rowell brings 30+ years of global advisory expertise.

Xero will debut new business subscription plans in NZ from 12 September 2024 to streamline accounting services and integrate key features directly.

Cogo and Terra Nova Foundation unveil Earth+ programme in New Zealand to help not-for-profits in Canterbury and Nelson.

BlackLine has topped ISG's latest study in both the Invoice to Cash (I2C) and Record to Report (R2R) categories, marking a significant achievement.