Accounting
More than 1,000 Accounting Firms Tackle AI Learning Curve with Spark by Rightworks Labs
AI is increasingly extending a lifeline as more firms are open to exploring the benefits of applying GenAI tools to drive efficiency so they can shift their focus toward providing value-driven client services.
Aug. 20, 2024
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Rightworks, a cloud service provider delivering solutions purpose-built for accounting firms and professionals, has announced its generative AI solution, Spark by Rightworks Labs, has surpassed 3,300 users and generated 210,000 interactions with prompts across a range of topics relevant to the profession.
In addition to helping demystify and accelerate GenAI implementation for over 1,000 firms, the milestone reveals that more firms are taking the first steps toward GenAI adoption and are exploring its potential to surface efficiencies that optimize business operations.
“For more than 20 years, Rightworks has strategically evolved and formed partnerships to deliver solutions that resolve modern accounting challenges and drive the profession forward,” said Piyum Samaraweera, Chief Product Officer at Rightworks. “With Spark and our new accounting-focused GenAI guide, thousands of professionals are empowered to develop their AI expertise so they can simplify the way they do business and resolve today’s unique accounting firm challenges head-on.”
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The accounting profession continues to be burdened with critical technology adoption challenges, especially during peak seasons when overwhelming workloads are commonplace. However, AI is increasingly extending a lifeline as more firms are open to exploring the benefits of applying GenAI tools to drive efficiency so they can shift their focus toward providing value-driven client services.
Rightworks unveils free AI implementation guide
In partnership with accounting podcaster Jason Staats, Rightworks is offering its free, “Creating an AI framework for your accounting firm” guide with practical steps for using AI easily and effectively while minimizing risk. It outlines the benefits and challenges of implementing GenAI, how to designate an AI champion and provides insight on identifying and selecting the most suitable GenAI tools. The guide also offers advice on setting data input guidelines and implementing a GenAI policy to ensure smooth integration.
“To date it’s been a real challenge, and borderline impractical, for many firms to go through the due diligence required to responsibly roll out AI assistants in their firms. I’m very excited to share the free resource I’ve developed with Rightworks to solve this problem,” said Jason Staats, entrepreneur, CPA and host of the Jason Daily Podcast. “Not only does the guide offer a simplified framework to enable AI usage in a straightforward manner the entire firm can understand, but the companion AI assistant comparison table also summarizes the most important security considerations of leading AI assistants.”