Automation and AI company Aprio Secures $300 Million Investment with TimeCredit AI Acquisition
Aprio, a leading U.S. business advisory and accounting firm, has announced a significant $300 million, five-year investment in AI and automation. This strategic move is aimed at building a scalable, AI-enabled firm that delivers smarter, faster, and more valuable services across its audit, tax, legal, and advisory practices [1][2][3][5].
At the heart of this investment is the acquisition of TimeCredit, an AI-powered automation platform recognized by the 2024 AICPA and CPA.com Startup Accelerator [1][2][3][5]. The deal significantly expands Aprio’s capabilities in intelligent automation, particularly in audit, tax, reporting, and advisory services. Key TimeCredit talent, including CEO Ndonga Sagnia, has joined Aprio to lead AI transformation efforts, accelerating innovation and embedding AI deeply into the firm's operations [1][2][3][5].
The integration of TimeCredit's AI-powered automation platform is part of Aprio's broader strategy to build an AI-enabled firm. Brent McDaniel, Chief Digital Officer of Aprio, believes that integrating intelligent automation into their workflows will build a more agile and responsive organization [5].
Key components of Aprio’s AI strategy include the integration of TimeCredit’s automation platform alongside other advanced AI tools that assist in drafting documents, analyzing legal content, automating research, and summarizing complex information [1][3]. A multipronged approach is also being deployed, combining acquisitions, trusted vendor platforms, and proprietary AI tool development to maintain flexibility, scalability, and alignment with client needs [5].
The Aprio AI Council, a cross-functional leadership team, will guide this transformation, aligning AI investments with business strategy and client demands across functions [2][3][5]. Significant investment in people is also a key part of the strategy, with a focus on educating, equipping, and empowering team members to adopt AI technologies and advance their skill sets to support a high-impact, insight-driven client service model [5].
The expected impact is a more agile, technology-forward firm that accelerates workflows and insights for clients while creating a more fulfilling and efficient workplace for professionals. This aims to keep Aprio at the leading edge of the profession, enhancing growth and long-term competitiveness through AI-driven transformation [1][3][5].
Ndonga Sagnia, former CEO of TimeCredit, will serve as Senior Director of AI Transformation at Aprio, leading the charge in this transformative journey. Sagnia believes that technology will be the key driver for growth in the accounting profession [5].
Aprio remains committed to developing intelligent solutions that meet market demands, grow with clients, and empower professionals. Richard Kopelman, CEO of Aprio, stated that the investment is about reimagining how they work and reshaping the future of professional services [1]. Sagnia echoes this sentiment, expressing excitement about combining TimeCredit's advanced technology with Aprio's domain expertise to create smarter solutions for clients and professionals [1]. The integration of new platforms into Aprio's growing AI ecosystem is seen as a way to double down on their belief that technology, when paired with the best people, can reshape the future of professional services [5].
Sources: [1] Aprio Press Release, [Title], [Date] [2] Accounting Today, [Title], [Date] [3] CPA Practice Advisor, [Title], [Date] [4] AccountingWEB, [Title], [Date] [5] CFO Magazine, [Title], [Date]
The acquisition of TimeCredit, an AI-powered automation platform, is a significant part of Aprio's strategy to integrate artificial intelligence into their business operations, particularly in audit, tax, reporting, and advisory services [1][2][3][5]. With the integration of this AI technology, Aprio aims to build a more agile and responsive organization, leveraging technology for growth in the accounting profession [5].
