The accounting AI platform developer Tellen has acquired the qm.x application platform from Grant Thornton. Tellen and Grant Thornton have also reached an agreement under which Grant Thornton will continue using the solution as it is integrated into Tellen’s AI platform, while promoting its use across the Grant Thornton International Limited (GTIL) network, which has member firms in more than 150 markets worldwide. Tellen was built for accounting firms, and is designed to support how work is delivered and managed across audit and accounting.
Launched in 2022, qm.x is a cloud-enabled application and audit quality solution with a global user base. The solution is used by more than 20 Grant Thornton firms, as well as numerous other audit firms across a range of audit environments. Following the transaction, Tellen will serve as the long-term product owner and primary technology partner for all existing qm.x users, including firms within and outside of the GTIL network.
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As part of its roadmap, Tellen will rebrand the qm.x platform as Tellen QM and offer it within Tellen’s AI platform. Tellen will also expand the capabilities available within Tellen QM, a move that will better support how firms manage audit work and tap into AI-enabled tools across the audit process. At the same time, Grant Thornton will continue to utilize Tellen QM and provide ongoing input into the expansion of its capabilities on Tellen’s platform.
The partnership reflects Grant Thornton’s interest in ensuring consistent and scalable capabilities while aligning with Tellen’s broader effort to build an AI platform for accounting firms and modernize audit workflows.
Accounting firms are increasingly exploring how AI can support audit planning, testing, documentation, and review. And they are looking for platforms that allow them to apply AI consistently across engagements rather than relying on isolated tools. Tellen is supporting this shift by building an AI platform that provides a common environment for AI-enabled audit workflows.
Tellen’s existing capabilities, including QualityScan AI, support monitoring and review activities, beginning with post-engagement analysis of audit files and expanding as firms adopt additional AI-powered workflows. This approach allows accounting firms to adopt AI capabilities in a practical and incremental way while operating within a single platform. With the addition of Tellen QM, they can now manage both audit execution and quality management in a single integrated environment.
Audit regulators and standard setters continue to emphasize firmwide systems of quality management, including standards such as the International Auditing and Assurance Standards Board’s (IAASB) ISQM 1, the American Institute of Certified Public Accountants’ (AICPA) SQMS 1, and the Public Company Accounting Oversight Board’s (PCAOB) QC 1000. These developments underscore the importance of consistent approaches to audit quality as firms adopt new technologies. And they reinforce the need for platforms like Tellen QM that can support quality, visibility, and oversight as audit practices evolve.
“This partnership allows us to work directly with firms around the world as they modernize audit work and adopt AI in a practical way,” said Deepak Lalit, CEO and Co-Founder of Tellen. “Our focus is on providing a single platform that supports AI-enabled workflows across audit quality and execution.”
“This partnership is a win for everyone,” said Jeff Hughes, Audit & Assurance partner at Grant Thornton LLP, who led the initial creation and launch of qm.x. “The qm.x platform will reach new heights under Tellen’s dedicated team — and its users, many of whom are global Grant Thornton firms, will benefit from fast innovation, strong alignment with audit quality, and a modern foundation for a future focused on AI.”
Existing qm.x users will not experience any disruption in pricing or service as Tellen supports and enhances the platform. This commitment applies to all current qm.x customers, regardless of network affiliation, as the platform continues to be supported and enhanced by Tellen. The platform will continue to see ongoing investment, with expanded capabilities that support how firms use AI to enhance audit quality and efficiency.
To learn more about Tellen’s AI platform, visit: www.tellen.ai.
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Tags: Accounting, Technology
