The AI-assisted future of accounting
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In this special episode of the Accountants Daily Podcast Network, host Jerome Dorosami sits down with Drew Flaum, co-founder and CEO of Savvy Wise, to explore the AI-assisted future of accounting. Flaum shares his journey from a CPA at Munro's to launching Savvy Wise, driven by frustration with outdated tax research tools and the potential of AI to transform the profession. He emphasizes that while AI adoption is accelerating, it must be approached responsibly and incrementally—especially given the sensitivity of client data and the need for proper training and policy. Savvy Wise’s platform is designed to save accountants significant time on tax research, with features like expert commentary from tax lawyer Adrian Cartland, firm-specific knowledge integration, and AI-powered document analysis. The conversation also covers practical AI tools for client onboarding, meeting notes, and automated workflows, all aimed at creating review-ready file notes. A key theme is that AI should be a profit generator, not a cost center, by enabling firms to charge for expertise rather than time. Flaum announces two major developments: priority access to Adrian Cartland’s AI implementation services for Savvy Wise customers, and an upcoming equity crowdfund that would allow accountants to become shareholders in Savvy Wise—potentially creating 'Savvy Wise millionaires' and deepening industry ownership of the AI revolution. The episode concludes with practical advice: try Savvy Wise’s free one-month trial, experiment with other AI tools like Lore Cyborg and TaxGuru AI, and adopt AI thoughtfully. The discussion underscores that the future of accounting isn’t about replacing humans, but empowering them with intelligent tools to work smarter, reduce burnout, and deliver higher value. With the ACE26 Conference approaching and Savvy Wise as principal partner, the episode positions AI not as a threat, but as a transformative opportunity for the profession—especially when guided by domain expertise, ethical use, and strategic investment.
Adopt AI tools like Savvy Wise incrementally and responsibly—start with a full team trial to gather feedback before full rollout.
AI should be viewed as a profit generator, not a cost center: save time on research, maintain or increase pricing, and charge for expertise, not hours.
Use AI to automate tedious tasks (e.g., meeting notes, KYC setup, document analysis) so accountants can focus on high-value advisory work.
Prioritize training and AI policy—just like with any new software, proper setup and guidance are essential to avoid risks and maximize benefits.
Consider becoming a shareholder in AI tools like Savvy Wise through equity crowdfunds to benefit financially from the industry’s AI transformation.
…and 3 more takeaways available in PodZeus
Introduction to the AI-Assisted Future of Accounting
Jerome Dorosami introduces the episode, highlighting the partnership with Savvy Wise and setting the stage for a discussion on AI’s role in transforming the accounting profession, with a focus on Savvy Wise’s innovations and the upcoming ACE26 Conference.
Drew Flaum’s Journey from CPA to AI Entrepreneur
Flaum shares his career path from a graduate at Munro's to a director, and his decision to leave a stable role to co-found Savvy Wise after recognizing the untapped potential of AI in tax research.
The Rise of Savvy Wise: From MVP to 1,000+ Accountants
Flaum details Savvy Wise’s rapid growth—from its first paying customers in September to over 1,000 accountants by year-end—and the strategic pause to refine the product before a major upgrade.
AI as a Time-Saving Tool: Real-World Impact
Flaum shares early user feedback, including a client who saved over an hour on a single task, and discusses how AI can reduce burnout and free up time for growth or work-life balance.
Responsible AI Adoption: Slower, Steady, and Safe
Flaum challenges fear-mongering narratives, emphasizing that most firms are adopting AI slowly and thoughtfully due to compliance, security, and team alignment concerns.
“We're like, oh, let's create the Savvy Wise millionaires and let the industry not only benefit from the output of Savvy Wise but also financially from that AI uplift.”
“If you don't get the training of how to use a chainsaw properly, wow, that can be a really dangerous tool.”
“You've got to really set these things up properly. Once I got it all set up properly, it is an amazing enhancer.”
Host
Guest
Savvy Wise
organization
Drew Flaum
person
Jerome Dorosami
person
Adrian Cartland
person
Munro's
organization
ACE26 Accounting Conference
other
ChatGPT
other
Copilot
other
Xero
organization
Gemini
other
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