accounting software

Rillet raises $25M from Sequoia to automate general ledger systems using AI

Fintech /

For accounting departments, no software is more important than the general ledger system. It’s the central hub that summarizes all financial transactions, providing the essential data needed to create accurate financial statements. “The general ledger is the beating heart of the finance function, and so asking a company to remove it is a kind of […]

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A bad experience with an accounting firm spurred this founder to start Aiwyn

Fundraising /

Accounting firms are struggling to adopt high-tech solutions. That’s according to a survey earlier this year from Rightsworks, which found that, while 88% of firms believe tech has had a positive impact on their efficiency, 60% are suffering from disconnected systems, inconsistent processes, and a lack of standardized workflows. Startups like Aiwyn are trying to

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Fondo wants to mitigate the US’ accountant shortage with its AI bookkeeping service

AI /

Despite all the talk of doom and gloom about the economy, entrepreneurship is actually on the rise in the U.S.: In 2024, an average of 430,000 new business applications were submitted every month, marking a 50% rise from 2019. But the number of accountants these new businesses will need to maintain their books, file taxes

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Numeric grabs $28M Series A to automate accounting using AI

Enterprise /

Accountants typically dread month-end and quarter-end closings. That’s because finalizing financial records for a specific period is generally a manual, error-prone and time-consuming endeavor.  In 2020, Parker Gilbert (pictured above; middle) was so fed up with the tedium of managing finance and accounting at an early-stage startup that he decided to co-found Numeric, an accounting

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AccountsIQ takes in $65M to boost its bookkeeping tools with AI

Startups /

The European economy is on shaky ground, but there is a silver lining for enterprise startups: Those building tools to help businesses run their finances in more steady and predictable ways are seeing a boost.  In the latest development, AccountsIQ, a Dublin-founded accounting technology company, has raised €60 million (about $65 million) to build “the

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