"If you are hoping to sustain and thrive in the next 10 years, the hope would be you're further along the tech curve than you might be."
In the latest episode of the RightNOW podcast, host Derek Distin sits down with Richard Corn, Director of Product Management at BILL, for a thought-provoking conversation about the technological revolution sweeping through the accounting profession. Drawing from his decade of experience as a CPA, Richard predicts dramatic changes as AI-powered startups could reduce accountants' administrative burdens by as much as 70 percent in the coming years.
With 75 percent of accountants set to retire within a decade, Richard discusses how this talent shortage is driving technological adoption and attracting venture capital to the accounting space. He shares his vision of "agentic workflows" that will transform how work gets done, while acknowledging the cybersecurity challenges that accompany these innovations.
For accounting firms looking to evolve, Richard emphasizes creating feedback cultures that identify pain points without penalizing staff for honesty about inefficiencies. Despite technological disruption, he reassures listeners that "accounting is very safe" – it's just evolving as it always has. Learn more about these transformative technologies and meet Richard and the team from Bill at the upcoming RightNOW2025 conference in Nashville this May.
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What is The RightNOW Podcast?
In this podcast series, Derek Distin, Vice President of Community at Rightworks, sits down with several of our RightNOW sponsors to discuss the state of the accounting profession and its future.
The RightNOW 2025 is the ultimate mid-year conference for accounting and tax pros. It will be held May 19-21 in Nashville, Tennessee.
Register today at www.rightworks.com/rightnow2025.