Business advisory and accounting practice Aprio has acquired TimeCredit AI, a start-up from the 2024 AICPA and CPA.com Startup Accelerator, to transform accounting services.
The acquisition is part of Aprio’s five-year investment of $300m in AI and automation aimed at enhancing the delivery of services across various practices.
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The addition of TimeCredit to Aprio’s portfolio bolsters the company’s intelligent automation capabilities, especially in areas such as audit, tax, reporting and advisory services.
TimeCredit’s AI-powered platform is designed to improve the accuracy and efficiency of accounting workflows, which aligns with Aprio’s goal of delivering smarter and faster services.
Aprio’s AI strategy also aims to deploy advanced AI tools, ranging from assisting with document drafting and legal content analysis to automating research, summarising complex data and optimising workflows.
Aprio chief digital officer Brent McDaniel said: “By integrating intelligent automation into our workflows, we are building a more agile, responsive organisation that delivers faster insights for clients and a more fulfilling experience for our team members.
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By GlobalData“We believe our AI ecosystem can truly scale with our goals, helping us stay ahead of client needs while empowering our people to do their best, most impactful work.”
Three key TimeCredit executives, including CEO and co-founder Ndonga Sagnia, have transitioned to Aprio following the acquisition.
Sagnia, now serving as senior director of AI transformation at Aprio, will be instrumental in driving the company’s AI initiatives and fostering innovation throughout the organisation.
Sagnia said: “At TimeCredit, we have always believed that technology will be the key driver for growth in the accounting profession.
“With Aprio, we are combining truly advanced technology with strong domain expertise to create smarter solutions for clients and professionals alike. I am excited to join a firm that is on the leading edge of the profession.”
Aprio’s AI Council, a cross-functional leadership team, will oversee the company’s AI transformation, ensuring that technological advancements align with business strategies and client requirements.
Aprio CEO Richard Kopelman said: “This investment is about more than just adopting new tools. It’s about fundamentally reimagining how we work.
“By adding new platforms to our growing AI ecosystem, we are doubling down on our belief that technology, when paired with the best people, can reshape the future of professional services.”
