Xenett
Wednesday, August 25, 2021 at 08:36AM
Charlie in Digital Financial Reporting

Things seem to be speeding up.  Stumbled across something interesting today: Xenett.

Xenett says that they are an ecosystem for accountants.  To understand what they might be up to, watch this YouTube video, What is Xenett?

They seem to have a cloud based practice management system.They seem to have some sort of enhanced import functionality related to QuickBooks and Xero.  They have some sort of automated review functionality that is supposed to save 60% of financial review time. Personally, I would have a different strategy in terms of review.  Avoid making the mistake in the first place (i.e. expert system for creating financial report) and then there is no reason to "review" because there will be no mistakes where the expert system is watching over the financial report being created.

Article originally appeared on XBRL-based structured digital financial reporting (http://xbrl.squarespace.com/).
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