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Where is your firm in its AI journey?
What new legal tech do you need the most?
A.
Not at all familiar.
B.
Somewhat familiar.
C.
Very familiar.
D.
Proficient.
How familiar are you with AI technologies in tax and accounting?
1.
Yes.
No.
Yes, but that map is out of date.
Not sure.
Do you have a legal technology roadmap for your department? That's a multi-year plan of new tech needs based on department priorities.
Have you implemented any AI tools in your current work processes?
No, not yet.
We're in the planning stages.
Yes, we've implemented one or two tools.
Yes, we use multiple AI tools regularly.
2.
How well does your current legal tech handle your needs?
Perfect. It does everything we need.
Pretty good; it covers the basics but there are some gaps.
Not great; it’s better than nothing but has major flaws.
N/A; we’re doing things manually a lot of the time.
Which of the following AI applications are you most interested in for your practice?
Automated data entry and document processing.
Tax planning and compliance automation.
Client advisory and communication tools.
Audit and risk assessment automation.
3.
We can’t stand using AP’s system for invoices.
Sales thinks we’re too slow and opaque on contracts.
Execs want better reporting on our spend and matters.
Everyone wishes we had a better intake system for matters.
What friction do you find when working with other departments?
Have you or your team received any formal training in AI technologies?
No training yet.
Self-study only.
Attended workshops or webinars.
Completed certified courses.
4.
What’s your opinion on using generative AI tools for legal research?
Eager. Bring on augmented intelligence and less time reading cases (When I trust the source).
Tentative. I have some concerns, and I’d like to see how lawyers are using it responsibly.
Skeptical. I have no confidence in AI and am actively avoiding it.
I don’t do legal research.
What is your firm's approach to addressing ethical concerns with AI?
No specific approach at this time.
We're developing basic guidelines for AI usage.
We have established AI ethics policies and provide staff training.
We have ethics protocols, including regular training, expert consultation, and continuous policy updates.
5.
We use know-how content to help attorneys flex into new practice areas.
We hire for new expertise when we need it.
We send all unfamiliar matters to outside counsel.
A mix of the above.
How does your department handle matters that are outside your attorneys’ expertise?
Which aspect of AI do you think will most impact the future of tax and accounting?
Automation of routine tasks.
Enhanced data analysis capabilities.
Improved client interaction.
Development of new services.
6.
How do you assess whether outside firms stay on budget for your matters?
We address violations of billing guidelines only when they are egregious.
We don’t measure or monitor this.
Our spend management system alerts us and reports trends.
Manual review and communication.
How does your firm stay informed about AI-related security threats?
We occasionally review general cybersecurity news.
Monitoring cybersecurity updates and industry alerts.
Attending industry conferences and maintaining regular security training programs.
We have a multi-faceted approach, including expert consultations, regular training, conference attendance, and real-time threat monitoring.
7.
Regular updates, either monthly or weekly, on all ongoing matters.
Matter-specific updates as they reach major milestones like a court filing or new M&A phase.
I could be called on for an update on any matter at any time.
Any of the above, depending on the matter type or cost.
How frequently do you need to update your business partners on the status of a matter?
What is your firm's strategy for integrating AI with existing technologies?
No current strategy.
Planning a gradual integration of basic AI tools.
We're conducting pilot programs and phased implementation.
We have an integration plan with pilot testing, staff training, and systematic rollout.
8.
What is your primary concern regarding the use of AI in tax and accounting?
Ethical use.
Data security.
Cost of implementation.
Accuracy of AI outputs.
9.
How do you plan to evaluate the success of AI implementations in your firm?
We'll focus mainly on basic metrics like time saved.
We'll track efficiency improvements and error reduction rates.
We'll measure both process efficiency and client satisfaction improvements.
We'll use a comprehensive framework including ROI, client satisfaction, efficiency metrics, and staff productivity.
10.
Based on your responses, you're leading the way in AI adoption. Your firm has embraced AI technologies and is seeing real results! You've implemented comprehensive AI solutions and have strong frameworks in place. You're likely looking for ways to optimize your current systems and stay ahead of the curve. Your firm is part of a select group that's setting the pace for AI adoption in the industry. Ready to take your AI capabilities to the next level? Discover our cutting-edge AI accounting solutions that can help you:
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Going strong
Enhance end-to-end productivity Increase efficiency of internal processes Improve client communication Stay ahead of upcoming regulation changes
Based on your responses, you're making solid progress in your AI journey. You've taken important steps and are building momentum! You've likely implemented some AI solutions and are seeing their potential, but you might be wondering how to scale these efforts or make them more systematic. Many firms find themselves at this crucial scaling point, and it's an exciting time for growth. As a firm that's actively progressing, you're well-positioned to expand your AI capabilities and formalize your processes. Focus on enhancing staff training, strengthening your implementation strategy, and developing more comprehensive security and ethical frameworks. Ready to accelerate your progress? Our white paper "What are the key challenges of GenAI in accounting?" offers insights on scaling AI implementations and avoiding common pitfalls.
Making progress
Based on your responses, you are in the early stages of your AI journey. But don't worry, you have a solid foundation to build upon! Perhaps you're still exploring AI possibilities, or maybe you're unsure about how to begin implementing AI solutions effectively. If so, you're not alone! Accounting firms across the country are at similar stages in their AI journey. The good news is there's a clear path forward to successful AI adoption. As a firm in the early stages, you're perfectly positioned to build a strong AI foundation from the ground up. Focus on basic training, exploring entry-level AI tools, and developing initial protocols for security and ethics. Ready to take the next step? Download our white paper "What are the key challenges of GenAI in accounting?" to understand the common hurdles firms face and learn proven strategies to overcome them. This guide will help you navigate the early stages of AI adoption with confidence.
Early stages
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