Automation and AI company Aprio secured a $300 million investment, with TimeCredit AI being its latest acquisition.
In a significant move, U.S. business advisory and accounting firm Aprio has announced a five-year, $300 million investment in Artificial Intelligence (AI) and automation. The investment, coupled with the acquisition of TimeCredit, a company from the 2024 AICPA and CPA.com Startup Accelerator, aims to transform Aprio's audit, tax, legal, and advisory services.
The integration of TimeCredit's AI-powered platform, known for automating technical accounting tasks, serves as a foundation for Aprio’s development of new AI-enabled solutions. These solutions are designed to improve speed, accuracy, and insight delivery across the firm.
Aprio's AI strategy is guided by its AI Council, which aligns technology investments with business needs. The strategy aims to deliver faster insights for clients and provide a more fulfilling experience for team members. The transformation is intended to improve accuracy, reduce turnaround times, and enable higher-value work.
Three key members of the TimeCredit team, including CEO Ndonga Sagnia, have joined Aprio. Sagnia will serve as Senior Director of AI Transformation to advance Aprio's AI strategy and accelerate innovation across their practices.
TimeCredit's generative AI chatbot and platform capabilities enhance internal staff's ability to provide proactive, strategic, and insight-driven advice, deepening client relationships. The acquisition signifies a commitment to developing intelligent solutions that meet market demands, grow with clients, and empower professionals.
With this investment, Aprio is positioning itself as a highly technology-enabled accounting and advisory firm. By embedding AI automation into routine and complex processes, the company aims to increase efficiency and client value in its services. The Aprio AI ecosystem is designed to scale with their goals, helping them stay ahead of client needs while empowering their people to do their best, most impactful work.
Richard Kopelman, CEO of Aprio, states that the investment goes beyond adopting new tools and is about fundamentally reimagining how they work. Brent McDaniel, Chief Digital Officer of Aprio, believes that integrating intelligent automation into their workflows will build a more agile and responsive organization.
[1] Aprio Press Release, [Title], [Date] [2] TimeCredit Press Release, [Title], [Date] [3] AICPA News, [Title], [Date] [4] CPA.com News, [Title], [Date] [5] Accounting Today, [Title], [Date]
The investment in Artificial Intelligence (AI) and automation by Aprio is not just about adopting new tools, but fundamentally reimagining how their business functions. [Richard Kopelman, CEO of Aprio]
With the acquisition of TimeCredit, Aprio aims to develop intelligent solutions that meet market demands, grow with clients, and empower their professionals through the use of AI and technology in their business operations. [Brent McDaniel, Chief Digital Officer of Aprio]
