On October 3, 2024, Baker Tilly announced that it acquired Alirrium, a provider of Robotic Process Automation (RPA) services. This acquisition demonstrates Baker Tilly’s commitment to leveraging cutting-edge technology to streamline operations and improve client services. Alirrium specializes in implementing RPA solutions that automate repetitive, time-consuming tasks, allowing firms to focus on more strategic and value-added activities.
This acquisition reflects a growing trend among accounting and consulting firms to invest in AI and robotics, which are transforming how these firms operate and deliver services. RPA can automate tasks such as data entry, processing transactions, and compiling reports, drastically reducing the time and effort required to manage these essential functions. By integrating Alirrium’s technology, Baker Tilly is positioning itself to offer faster, more efficient services with improved accuracy and reliability.
Why It Matters for Business Valuation Firms
For business valuation professionals, this move highlights the increasing role of automation in our field. As RPA and AI tools become more prevalent, firms can streamline financial analysis, improve data accuracy, and deliver faster results to clients. By automating routine tasks, professionals can focus on complex, high-value work, such as interpreting financial data and advising clients on strategic decisions.
Baker Tilly’s acquisition of Alirrium is a clear signal that the future of accounting and consulting will be shaped by technology. Firms that embrace these innovations will likely see enhanced productivity and improved service offerings.
The Trend Business Valuation Firms Should Not Ignore
As business valuation professionals, it’s essential to stay ahead of industry shifts, especially when they involve transformative technology like AI and RPA. These tools have the potential to revolutionize how valuations are performed by improving efficiency, accuracy, and speed. Valuation firms should pay close attention to these developments and consider how adopting similar technologies could benefit their practices and keep them competitive in a rapidly evolving landscape.
