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What accountants and accountancy firms need to know
The role of accounting firms is evolving rapidly. Advances in automation and AI are improving efficiency across bookkeeping and financial reporting but they are also increasing expectations around speed, scale, and regulatory accuracy.
Traditional accounting software is designed to support core financial administration such as bookkeeping, invoicing, and tax calculations. These systems remain essential to day-to-day operations. However, modern compliance requirements now extend far beyond what accounting platforms were designed to handle, particularly as firms take on more cross-border, platform-driven, and high-volume clients.
Accounting tools alone do not solve challenges such as large-scale onboarding, identity and entity verification, multi-jurisdiction reporting, or the operational execution of frameworks like DAC7, DSA, and equivalent regulations.
This is where Supplied fits in.
Supplied is not an accounting system and does not replace existing accounting software. Instead, Supplied provides compliance infrastructure that sits alongside accounting platforms to handle the operational heavy-lifting of regulatory compliance. It enables accounting firms to standardise and scale services such as:
- KYC / KYB onboarding and verification
- Automated, AI-assisted data collection and enrichment
- Regulatory reporting across DAC7, DSA, VEDA, and related regimes
- Audit-ready data histories, corrections, and resubmissions
- Repeatable compliance workflows across clients and jurisdictions
By integrating with existing accounting and finance systems, Supplied allows firms to productise compliance services, reduce manual effort, and deliver consistent outcomes without increasing headcount or risk.
For accounting firms, the combination of trusted accounting software and dedicated compliance infrastructure unlocks a more scalable, margin-positive delivery model enabling firms to support clients confidently as regulatory demands continue to grow.
