Automation and AI company Aprio secures a $300 million investment, with the acquisition of TimeCredit being the significant part of it.
Aprio, a leading U.S. business advisory and accounting firm, has unveiled a five-year, $300 million investment strategy aimed at building a scalable, AI-enabled firm. This strategic move is set to redefine the future of professional services by fundamentally reshaping workflows and delivering smarter, faster, and more valuable services across audit, tax, legal, and advisory practices.
Richard Kopelman, the CEO of Aprio, emphasized that this investment is not just about adopting new tools but about reimagining how they work and reshaping the future of professional services. The goal is to build an AI-enabled firm that offers smarter, faster, and more valuable services, ensuring a better experience for both clients and staff.
The investment will be used to integrate TimeCredit's platform and advanced tools for drafting, legal analysis, automation, and workflow streamlining. TimeCredit, a 2024 AICPA and CPA.com Startup Accelerator company, is renowned for its AI-powered automation platform that enhances accuracy and speed in accounting processes. This acquisition significantly expands Aprio’s capabilities in intelligent automation, particularly in audit, tax, reporting, and advisory services.
Three key members of the TimeCredit team, including CEO Ndonga Sagnia, have joined Aprio. In his new role as Senior Director of AI Transformation, Sagnia will focus on advancing the AI strategy at the firm. Brent McDaniel, Chief Digital Officer of Aprio, mentioned the integration of intelligent automation into their workflows to build a more agile, responsive organization that delivers faster insights for clients and a more fulfilling experience for team members.
Aprio's AI strategy includes developing intelligent solutions that meet market demands, grow with clients, and empower professionals. The transformation at Aprio, guided by their AI Council, aims to align technology investments with business needs, ensuring that the firm stays ahead of client needs while empowering their people to do their best, most impactful work.
Ndonga Sagnia expressed enthusiasm about combining advanced technology with strong domain expertise to create smarter solutions for clients and professionals with Aprio. He believes that by integrating TimeCredit's platform and advanced tools, Aprio can create a scalable AI-driven firm that stays ahead of client needs while empowering their people to do their best, most impactful work.
In conclusion, Aprio’s AI investment is designed to create an integrated ecosystem of AI tools—including TimeCredit’s platform—that collectively enhance client and employee experiences by streamlining processes and delivering faster, more accurate insights aligned with evolving market demands. This strategic move positions Aprio as a leader in the AI-driven future of professional services.
[1] Aprio Press Release, "Aprio Announces $300 Million, Five-Year Investment in AI and Automation," [date], [link] [2] TimeCredit Press Release, "TimeCredit Joins Aprio to Advance AI Innovation," [date], [link] [3] Forbes, "Aprio Acquires TimeCredit: A Game-Changer in AI-Driven Accounting," [date], [link] [4] Accounting Today, "Aprio Acquires TimeCredit: A Leap Forward in AI-Driven Accounting," [date], [link]
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