Tally
AI for audit
Rami Ghanem, Founder
We’re building AI agents for accounting firms, with a focus on audit.
TL;DR: Tally agents operate autonomously in a firm’s existing systems, automating repetitive work across accounting, tax, and audit, helping teams be more efficient and focus their efforts on higher risk, more complex work.
The Problem
The accounting industry is facing a significant talent shortage. Over the next decade, 75% of CPAs are set to retire, while fewer students are choosing accounting as a major. This has already led to 340,000 fewer accountants today than five years ago, and the gap is expected to grow.
At the same time, the role of accountants has shifted dramatically, with less focus on judgment and advisory work and more on repetitive, uninteresting tasks. This shift is driven by increasing regulatory complexity, globalization, digitization, and a more intricate tax regime. Long hours, burnout, and lack of career growth have further fueled high turnover, according to a recent NPAG study.
With rising client demands and fewer accountants, firms are under pressure to improve efficiency. This challenge is compounded by private equity acquisitions, where cost-cutting becomes a priority. While many accounting firms have turned to offshore outsourcing to manage workloads and cut costs, quality issues and oversight remain a large concern.
The Solution
We’re building AI agents that seamlessly integrate into the tools firms already use—Excel, internal software, work paper and binder software, case management systems, file systems, email, and analytics platforms—without disrupting existing workflows. Tally agents operate across browser and desktop environments, dynamically pulling data from various sources, validating and extracting documents, coordinating with teammates, and preparing deliverables.
For example, an auditor can ask Tally via Teams to perform a first pass review of a client’s financial statement. Tally retrieves the trial balance, financials, and PBC files, validates data for completeness, ties line items to supporting work papers, checks against audit standards, flags variances, and delivers a summary with tie-outs and issues for review by an audit senior.
Tally isn’t just a tool—it’s a 10x teammate, helping accounting teams be more efficient while maintaining the highest quality standards, so teammates can focus on higher-risk, more complex tasks that require their hard-earned expertise and judgment.
The Team
Rami was most recently a product lead at Rippling (spend platform, growth, and AI, accounting, global payroll), plus product at Compound (investment products) and DoorDash before that. He taught himself to code at 10, built multiple mobile apps to 1m+ MAUs, and started and exited a payroll software startup before entering college (CS at the University of Calgary).
Our ask
We’d like to talk with more accounting firms! If you know anyone in a leadership role in any of the following categories, and you’d be open to making an introduction, please reach out directly to rami@tallyhq.com.
- Intros to public accounting firms (>$10m annual revenue)
- Intros to private equity firms with stakes in accounting firms
- Intros to accounting firm roll ups