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CLA and Digits Collaboration: Revolutionizing the Accounting Landscape

In a major advancement for the accounting industry, CLA (CliftonLarsonAllen LLP) has announced a strategic partnership with Digits, an innovative AI-native accounting platform. This collaboration is set to put CLA at the forefront of financial technology, positioning the firm as one of the first major U.S. accounting firms to train a proprietary AI model on an AI-native accounting platform built from the ground up.

The Vision Behind the Partnership

As rapidly evolving business environments continue to demand immediate financial insights, CLA aims to utilize this partnership to enhance the financial operational capabilities of its clients. Leveraging Digits' cutting-edge platform, CLA plans to integrate AI technology that is tailored to its unique client base. Jen Leary, CEO of CLA, expressed a strong commitment to making AI more accessible, stating, "AI should not belong only to the biggest companies, but also to those who drive community growth and job creation."

How the AI Model Works

Digits will provide the necessary platform and AI training technology, while CLA brings in-depth industry knowledge to refine the model. This AI is specifically trained on real client data—every transaction processed by CLA contributes to improving the model's intelligence. This approach ensures that the AI reflects CLA's decades of institutional knowledge and expertise in financial services, providing clients with valuable insights that are uniquely informed.

Implementation and Client Benefits

The rollout of this AI-native approach will first target clients within CLA's Client Accounting and Advisory Services (CAAS) practice. Representing a significant portion of CLA's revenue, this practice focuses directly on the financial operations of a vast range of privately held businesses including restaurants, contractors, and nonprofits. CLA aims to harness the AI technology to not only streamline accounting processes but also allow its professionals to dedicate more time to advisory services, enhancing the overall client experience.

A New Era of Financial Consulting

The collaboration promises a unique, time-efficient model that allows business owners to go beyond mere number crunching. With Digits’ efficient technology, CLA's professionals can focus on guiding clients through financial decision-making processes, ultimately leading to informed business choices that drive growth. Jeff Seibert, CEO of Digits, emphasized the importance of encoding decades of judgment into the AI model, which empowers accountants to concentrate on delivering significant value to their clients.

Looking Ahead

This partnership sets the stage for future innovation in accounting practices. By embracing AI from its core, CLA is redefining how financial services are delivered, ensuring that businesses, regardless of their scale, can benefit from real-time insights driven by technology. With Digits at its side, CLA is not only pushing the boundaries of what is possible in accounting but also committing to a vision of inclusivity where every business can thrive in the digital age. As they say, it’s about putting Financials in your pocket and Advisors in your corner.

With such a dynamic collaboration at hand, the accounting landscape is poised for transformative change, paving the way for a future where real-time financial analysis is a standard offering across the industry. As CLA increasingly incorporates AI, it stays committed to creating opportunities for its clients, making a substantial impact on their operational success.

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For more information about this initiative, visit CLA's official website.