A million dollars isn’t cool. You know what is cool? A billion dollars…in AI investment.
Accounting firm RSM is investing $1 billion in AI over the next three years. This marks a huge jump over the $150 million to $200 million the firm has spent on AI in the past three years.
With this investment, RSM joins Ernst & Young, PwC, KPMG, and Deloitte, which have all dumped money into AI since 2023.
According to a press release, RSM plans to integrate agentic AI into workflows. These agentic systems that can autonomously take actions and make decisions will enhance RSM’s tax offerings, auditing services, compliance tracking, and data analysis.
In an interview with the Wall Street Journal, Sergio de la Fe, enterprise digital leader and partner with RSM US, explained how one of the AI systems, RSM Atlas, has boosted productivity by as much as 80%. The tool uses generative AI to review regulations and confirm compliance—work that was previously done manually, one rule at a time. RSM applies a similar system to audits, freeing employees from the grind of combing through a 100-page checklist.
In the press release, RSM outlined four AI tools: myRSM Tax for automating tax flows and K-1 extraction; RSM Luca for auditing; the previously mentioned RSM Atlas for compliance, which the company says can complete compliance reviews in a day instead of over two weeks; and DASH, an AI to summarize and manage client requests.
RSM is already using AI to support its clients. According to the company, it helped the City of Kelowna in Canada launch an AI-assisted platform for building permits, and worked with Southwestern Ontario to create an AI agent for building codes and bylaws that has reduced wait times and improved compliance.
Think in 10 years there’ll be a David Finch movie called The AI Network?
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