CPAClub launches AI-powered CPAClub Coach

Vanover-Chris-CPA Club
Accounting talent solutions provider CPAClub announced the release of its CPAClub Coach, an AI-powered advisor combined with live CPA expertise. CPAClub Coach is designed to bridge the talent gap in accounting by integrating artificial intelligence with live expert support, offering members personalized coaching as well as standards-based guidance on both accounting and audit-related questions. Members also have access to experienced professionals for more complex issues. Based on members' inquiries, CPAClub Coach may recommend specific nano-learning courses from a custom-developed, growing library. CPAClub also touted its library of resources for complying with the AICPA's Statement on Quality Management Standards (SQMS) and PCAOB QC 1000. Both the SQMS and PCAOB QC 1000 must be implemented by Dec. 15, 2025, marking a shift in how firms approach quality management. CPAClub pointed to its expanded partnership with Caseware to author these resources to be integrated into the  Caseware SQM application.

FloQast achieves ISO 42001 certification on AI systems

FloQast office exterior
The Muse
Accounting solutions provider FloQast has achieved certification in the ISO 42001 standard, a globally recognized standard for establishing, implementing, maintaining and continually improving an artificial intelligence management system. The certification provides a structured framework for organizations to govern AI development and use ethically, transparently, and in accordance with international best practices. FloQast's ISO 42001 certification was achieved following a rigorous external audit, where FloQast's AI systems, governance policies and risk management practices were evaluated to ensure compliance with the standard. FloQast's ISO 42001 certification highlights the organization's investment in ethical AI development practices, risk management and customer-centric innovation. 

Caseware buys AI document management startup

Caseware office new
Accounting and auditing analytics software company Caseware announced that it has bought Extractly.ai, an Australian-based AI startup that offers intelligent document processing solutions already in use by major accounting firms such as BDO, Grant Thornton and PKF O'Connor Davies (see previous story for more) Extractly offers the ability to automatically extract and integrate data from digital or scanned documents, including handwritten notes, into one's workpapers and documents. It also features smart data linking to reduce the need for manual searching and data extraction. The program offers support for text in English, French, Spanish, Portuguese, Italian and German. Users have the ability to click on any cell in an Excel workpaper to navigate to the exact location in the linked document where the data originated. Users can redact sensitive information, highlight relevant links and flexibly restructure data. An AutoSum feature can automatically verify data within documents. Other features include analytics and metrics tracking, and varied permissions tailored to different roles within a team.

Ramp offers business and investment accounts

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Ben Plewes BA (Hons) LBIPP
Spend management solution provider Ramp released Ramp Treasury, which can act as a business or investment account for users (see previous story for more). Ramp Treasury lets businesses store cash in a business account that earns 2.5% interest, or in an investment account with the potential for higher yields, all within the same platform they already use to pay their bills. Users can create as many business accounts as they need, versus having to juggle multiple accounts and passwords. They can also set a target balance for their Ramp Business Account and top up from their checking account. Upon opening a Ramp Business Account, Ramp will pay users a monthly cash reward, calculated as a percentage of their deposited funds. They begin earning on the first dollar they deposit, and there is no cap to how much they can earn. Earnings are disbursed automatically by Ramp each month. Earnings are paid as cash, versus statement credits or rewards requiring redemption. Instead, the customer can transfer earnings from their Ramp Business Account to be used as cash elsewhere.

Other news

ERP solutions provider Sage and construction management platform Tractics are partnering to integrate Sage Intacct Construction and the Tractics construction management platform, providing construction contractors a solution for managing financial and operational data from the field to the office. … Business solutions provider Oracle has once again been named a Leader in three Gartner reports assessing finance capabilities: the 2024 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, the 2024 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises, and the 2024 Gartner Magic Quadrant for Financial Planning Software. In each of these reports, Oracle was recognized as a Leader for its "Ability to Execute" and "Completeness of Vision" for Oracle Fusion Cloud Enterprise Resource Planning.
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