AI for Accounting and Finance Blog

How Client Accounting Services (CAS) / Outsourced Accounting (OA) Fits Within Firms [Survey Data]

Posted by Joshua Feinberg on Sep 11, 2019 6:50:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants how their teams fit with the rest of their firms.

In this blog post, you’ll learn what percentage of each firm’s staff is devoted to client accounting / outsourced accounting, what percentage of each firm’s total revenue comes from the team, and how many clients each team has.

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Topics: State of Client Accounting Services

New York-based Vic.ai Empowers Accountants With New AI Platform

Posted by Alexander Hagerup on Sep 6, 2019 3:00:00 PM

Raises $11M Series A Financing

For Immediate Release

NEW YORK – September 5, 2019 -- Vic.ai today announced the close of its $11.2 million Series A financing. GGV Capital led the round with participation from new investor Costanoa Ventures and seed round lead investor Cowboy Ventures. Jeff Richards, managing partner, GGV Capital will join the Vic.ai board of directors. Vic.ai plans to accelerate the growth of its team with strategic, world-class talent in engineering, product development, support, sales, and marketing.

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Topics: Company News

Experience with Vic.ai

Posted by Alexander Hagerup on Sep 4, 2019 8:37:00 AM

How has Ignite Spot’s experience been with Vic .ai? It all started by trying out Vic .ai’s artificial intelligence on just a few clients and eventually scaling it out from there.

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Topics: Accounting

Salary and Job Openings Within Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Aug 28, 2019 8:28:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about the starting salary for entry-level positions, how many open jobs they’re looking to fill, and how difficult it is to fill entry-level jobs as well as jobs that require multiple years of experience.

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Topics: State of Client Accounting Services

Investing in the Right Automation:  Rules vs. Machine Learning

Posted by Alexander Hagerup on Aug 21, 2019 8:42:00 AM

AI promises to do something different than we’ve seen before. While it’s very easy for the human brain to understand a rule, machine learning is very different from a rules-based system. Machine learning is smarter because it uses big data, so it follows trends.

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Topics: Accounting

Higher Education and CPA Levels Within Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Aug 14, 2019 8:34:00 AM

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants how many team members have bachelor’s degrees in accounting, how many team members have master’s degrees in accounting, and what percentage of the team are CPAs.

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Topics: State of Client Accounting Services

The Changing Role and Skills of Accountants

Posted by Alexander Hagerup on Aug 7, 2019 8:18:00 AM

How is the role of the accountant changing? And what does this mean for what the accountant, bookkeeper, controller, or virtual CFO does on a regular basis?

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Topics: Accounting

Size and Tenure of Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Jul 31, 2019 8:29:00 AM

In Vic.ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about their team size, the average number of years on the team, along with the tenure and experience of team members.

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Topics: State of Client Accounting Services

Understanding Client Accounting Services (CAS) / Outsourced Accounting (OA) Teams [Survey Data]

Posted by Joshua Feinberg on Jul 17, 2019 8:05:00 AM

When companies don’t have the talent to manage their accounting or finance needs internally, they turn to an outsourced back-office solution.

These outsourced accounting options typically include CPA firms, outsourced accounting providers, bookkeeping firms, and virtual CFOs.

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Topics: State of Client Accounting Services

How Accounting is Being Challenged By Technology and New Forms of Competition

Posted by Kristoffer Roil on Jul 10, 2019 8:57:00 AM

With technology and new forms of competition, today’s accounting firms are being challenged. It’s critical for outsourced accounting firms to have a clear vision of where they are today and in what direction they are headed.

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Topics: Accounting

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