Puzzle, founded by Sasha Orloff, is developing a modern accounting software package that integrates with various fintech tools. The AI-powered software automates core tasks, reducing human error and providing real-time financial statements. The aim is to support founders in making critical financial decisions and prevent failures due to inadequate financial practices or lack of accounting expertise.
Key takeaways:
- The accounting profession is facing a talent shortage as experienced accountants are leaving for careers in finance, human resources and banking, and fewer students are pursuing accounting degrees.
- More than 300,000 U.S. accountants and auditors left their jobs between 2019 and 2021, a 15.9% decrease in the number of accountants in the U.S. since 2019.
- Factors such as long working hours, relatively modest pay, lack of work-life balance and the threat of being replaced by automation are pushing accountants to explore non-accounting roles.
- Puzzle, an accounting startup, is leveraging AI and automation to streamline accounting and financial management where there is currently a talent shortage. The AI-powered accounting software for startups takes the best of Quickbooks, OpenAI and Stripe, automating core tasks and reducing human error.