The Rise of AI Agents, Digits Focus & UK vs AU Tech Readiness
Manage episode 511307247 series 3350601
This episode is sponsored by Advancetrack, the go-to outsourcing and podsourcing specialists to help build capacity for your practice.
This week's accounting tech news is dominated by the rapid rise of Accounting AI agents! We take a first look at the US-based “Digits” platform and its AI-powered general ledger, which claims to auto-categorise up to 97% of transactions. We also explore Adsum's new 'Agent Mode' for data interrogation and automated reminders , and discuss how the profession is moving towards a future defined by these specialised AI agents.
Dave Norwell from FreeAgent joins us to tackle the very real challenge of client resistance to MTD for ITSA, sharing common patterns of denial and stressing the need for practices to create a proactive plan. We also round up the latest fintech news, including FYI's new team productivity and interim invoicing tools , a major integration between Active Workpapers and Alphatax for corporation tax , and Xero's new beneficial ownership compliance tool.
Finally, James Rose of Content Snare offers his perspective on the accounting tech scenes in Australia and the UK, comparing tech adoption rates and concluding that the UK is much further ahead than many believe.
00:00 Introduction and Event Highlights
04:17 Client Resistance to MTD - FreeAgent
App News
09:38 FYI Releases Team Productivity and Invoicing Tools
12:29 Gather Nexus Announces Integration with QuickBooks Online
17:09 Adsum Releases OpenTax Agent Mode in Beta
19:25 Active and Alphatax Announce Integration for Corporation Tax
22:45 Strategic Partnerships and Ecosystem Development
23:01 Roveel Partners with Tradebox for Enhanced E-commerce Reporting
24:40 Xero Releases New Beneficial Ownership Compliance Tool
29:33 A First Look at the New “Digits” Accounting Platform
35:37 How Agentic AI is Redefining the Future of Accounting
44:29 AU vs UK - Tech and Compliance Readiness - Content Snare
54:33 Outro
100 episodes