• Register
Return to: Home > News > ICAEW partners with Inflo to provide audit, tax and advisory services

ICAEW partners with Inflo to provide audit, tax and advisory services

The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with financial data analytics software company Inflo, to provide its member firms with Inflo’s AI-based technology platform.

The collaboration will enable ICAEW member firms of all sizes to use technology across their audit, tax and advisory services. Analytics dashboards and a range of other resources will also be provided to support awareness and training of new users.

Inflo is providing each ICAEW member firm with £1,500 ($1,926) of credit to access its suite of features, including access to data insights, automation services, and change management support.

The ICAEW consulted with small and medium sized firms in an effort to understand the challenges they faced and how technology could help. Common challenges included being aware of new technologies, a perception these were reserved for the largest firms, and having the skills and capacity to implement and get value from new technologies.

ICAEW director of practice Amanda Digne-Malcolm said: “At a time when many industries are undergoing technological transformation, it’s important accountancy doesn’t get left behind. This partnership with Inflo will help smaller firms discover the benefits technology can bring, and open the door to new opportunities.”

Inflo CEO Mark Edmonson said: “Inflo was created by accountants wanting to make the advanced techniques previous reserved for only the largest firms widely available, not only through building cutting-edge software, but by also providing the training, data science, technical and change management assistance needed to fully benefit from it.

“As founders holding the ICAEW qualification this initiative means we can help our fellow members, demonstrating our commitment to helping the accounting profession evolve and deliver more valuable services to clients and stakeholders.”

The ICAEW and Inflo are already collaborating to incorporate emerging technologies into the ACA qualification with the aim of advancing the skills of future chartered accountants.

Just Audit Limited leader and ICAEW practice committee member Rachel Davis said: As an independent firm we have been able to increase the value of our services by implementing Inflo. It is exciting to see that this partnership between ICAEW and Inflo will help firms like mine benefit from advanced technology.”

The software is available immediately to firms signing up via Inflo’s website and further information will be available at a joint webinar on 28 November.

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.