In this episode, I sit down with Seema, a partner on the Andreessen Horowitz Fintech Team, to explore how AI is transforming accounting. We uncover why 75% of accountants may retire over the next decade and how AI could relieve shortages by streamlining data ingestion, research, reporting, and client advising.
Seema also shares insights from her comprehensive market map on AI in accounting, along with strategies for founders looking to sell either directly to firms or through embedded solutions. Whether you’re curious about the future of audit, tax, or month-end close, this conversation reveals how AI can reshape one of the largest professional fields.
00:00:00 - Why Accounting Faces a Crisis
00:02:06 - Seema's AI & Accounting Market Map
00:04:23 - Four Big Jobs for AI in Firms
00:06:57 - Data Ingestion & Month-End Close
00:09:08 - Research & AI-Driven Judgments
00:12:08 - Firms’ Excitement, Key Obstacles
00:15:08 - Challenges with Trust & Accuracy
00:17:27 - Selling AI: Firms vs. Companies
00:20:29 - Automation & Billable Hours Shift
00:23:38 - Embedded Accounting & Verticalization
00:26:52 - Niche Communities & Next Steps
00:29:24 - Future Outlook & Conclusion
