Cloud Accounting stories
Poor digital confidence is leaving 42% of Kiwi small businesses dreading tax time, as mixed systems and security gaps expose errors.
Thousands of smaller firms should gain easier access to loan comparisons, payment tools and cashflow apps as banks widen data sharing by 2027.
Accountants facing staff shortages may gain faster workflows, as Sage Intacct’s new agent exposes its calculations, sources and audit trail.
Accounting firms can now cut manual handoffs as payroll deadlines, approvals and client tasks flow into Karbon from Gusto.
Trust is emerging as a selling point for finance software as Sage warns that opaque AI can leave CFOs answerable for costly errors.
The move strengthens Xero’s North American engineering base as it pushes AI tools into its core accounting software for small businesses.
Users can now track performance against targets and share AI-powered scorecards as Xero expands analytics tools to 4.6 million subscribers worldwide.
Small businesses could see faster reporting and less manual admin as AI-driven rivals automate bookkeeping and pressure QuickBooks to adapt.
The new platform aims to cut routine bookkeeping for small firms by automating payments, reconciliation and tax prep while keeping users in control.
The hire sharpens Intuit's APAC push as it adapts QuickBooks and Mailchimp to local tax and compliance demands across the region.
The partnership signals a split in finance software as firms weigh tighter control inside one platform against AI agents that span several systems.
Manual close processes have been reduced as the software group automates revenue recognition and consolidates finance across 30 countries.
The deal could cut finance-system migration from weeks to days for small businesses, reducing delays, errors and implementation costs.
Companies are finding that AI boosts performance only when it removes repetitive work, with human judgement still needed to prevent errors and burnout.
Easier consent and wider bank access could lift Consumer Data Right use to more than 18 million Australians by 2035, the modelling says.
Canadian finance teams could save hours of month-end admin as Float’s new AI tool auto-codes card transactions with 90% precision.
UK Xero users can now manage supplier, expense and employee payments in one place as Dext expands its payments tool with payroll.
Quick answers are winning out over professional fees, with 26% of UK sole traders now using AI for Making Tax Digital guidance as rules tighten.
Canadian accounting firms could cut manual payroll work and compliance errors as the new platform centralises dozens of client runs.
Finance teams could cut invoice processing time in half as Aqilla folds capture, coding and approvals into one system.