AI Transforms Professional Services Through Real-Time Compliance and Operational Efficiency
TL;DR
AI gives professional services firms like CohnReznick a competitive edge by enhancing real-time compliance and operational efficiency, reducing costs while improving quality.
AI automates repetitive tasks such as formatting and proofing, enabling continuous risk management and immediate client feedback through real-time systems integration.
AI transforms professional services by freeing workers from mundane tasks, allowing them to focus on higher-value work that improves client outcomes and industry standards.
CohnReznick's partner wakes up amazed by AI's daily capabilities, from content creation to fueling a predicted 2026 convergence of DeFi and artificial intelligence.
Found this article helpful?
Share it with your network and spread the knowledge!
The professional services sector is undergoing significant transformation through artificial intelligence integration, with firms like CohnReznick demonstrating how AI enhances real-time compliance while improving operational efficiency. During Benzinga's Fintech Day & Awards 2025, Asael Meir, Partner and Technology Industry Leader at CohnReznick, emphasized that AI enables simultaneous quality improvements and cost reductions across various business functions.
Meir highlighted compliance as a particularly promising area for AI implementation, where the technology can automate repetitive tasks such as formatting and proofing at reduced costs. "I wake up in the morning, I open my Copilot and my jaw drops every single day as to what I can now do," Meir stated during the event. Beyond basic automation, AI contributes substantially to risk management by shifting from periodic assessments to continuous, real-time monitoring in today's interconnected business environment.
The adoption of AI within compliance frameworks is expected to accelerate as systems become more sophisticated. Meir noted that client expectations now include AI innovation across audit and tax services, creating pressure for professional services firms to deliver enhanced value through technological advancement. This evolution represents a fundamental shift in how quality control and regulatory adherence are managed within the industry.
During the Benzinga Fintech Day & Award 2025 panel discussion "Dealmaking in Fintech: What to Expect in 2026," which Meir moderated, industry experts identified the convergence of decentralized finance and artificial intelligence as a major trend for the coming year. Panelists anticipated that a more accommodating regulatory landscape would support larger capital raises for companies operating in this space, with Ripple's recent $500 million funding round at a $40 billion valuation potentially fueling further sector interest.
Financial services face similar transformative pressures from AI adoption, with panelists acknowledging both challenges and opportunities. While rapid technological advancement complicates investment decisions, AI offers substantial benefits for upgrading manual, labor-intensive processes that still characterize much of the financial services industry. The technology's impact spans from operational automation to facilitating multimillion-dollar investments across both financial and professional services sectors.
The implications of this AI-driven transformation extend beyond individual firms to reshape competitive dynamics across professional services. Companies that effectively integrate AI capabilities gain advantages in client service delivery, cost management, and regulatory compliance. As AI systems continue to evolve, their role in professional services will likely expand from task automation to strategic decision support, fundamentally altering how firms operate and deliver value to clients in an increasingly digital business landscape.
Curated from NewMediaWire
