CliftonLarsonAllen is collaborating with AI-native accounting platform Digits to develop and train its own proprietary AI model, which the top 15 accounting firm says will be deployed to thousands of current and future clients over the next three years.
“Digits brings the platform and model-training technology. CLA brings the technical knowledge to train the model,” a July 21 media release states. “CLA’s proprietary AI is trained exclusively on its client base and workflows. Every transaction CLA clients and professionals review, categorize, or correct in Digits helps sharpen the intelligence behind it. Clients gain the benefit of decades of CLA’s institutional judgment, compounding with every transaction and reaching their businesses at AI speed.”
CLA says it will be rolling this out first to clients within the firm’s Client Accounting and Advisory Service practice, offering it as an option within its CAAS service levels.
CLA’s CAAS practice represents roughly 15% of the firm’s $2 billion-plus in annual revenue.
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“This moment demands a clear point of view: AI should not belong only to the biggest companies and the biggest firms with the largest budgets,” CLA CEO Jen Leary said in a statement. “It should reach the people who power the heartbeat of the country, who create jobs, serve communities, and move America forward. Most of the companies we evaluated had tacked AI onto decades-old software. Digits started over and built the right technological solution for the AI era. They are visionaries. They are bold. And they are built for where accounting is going. Together, we’re going to deliver on the promise of AI-native accounting. We want our clients to know: With Digits, we are putting ‘financials in your pocket, advisors in your corner.'”
By encoding decades of judgment and knowledge into a firm model that benefits clients, Digits enables CLA’s professionals to spend their time where it matters most, said Jeff Seibert, founder and CEO of the San Francisco-based company.
“Business owners depend on their accountants for financial judgment, guidance, and peace of mind,” he said in a statement. “And few firms deliver on that with the scale, tenure, and client empathy that CLA brings.”
With Digits, CLA is not only able to offer its current and future clients a new digital solution, but the firm will test and grow and learn in a model specifically designed for its clients, said Josh Enger, CLA’s chief outsourcing officer.
“This is a fundamentally unique experience for our clients, allowing our professionals to spend more time helping clients get value from their financial data and make informed business decisions,” Enger said in a statement. “Even more so than before, we can provide business consulting services that move our clients forward.”
Photo credit: CLA/Instagram
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