In the U.S., a quiet revolution is underway.
Crete Professionals Alliance, backed by Thrive Capital (investors in OpenAI, Databricks & Stripe), is acquiring traditional CPA firms and turning them into AI-first finance powerhouses.
✅ 20+ firms acquired ✅ $300M+ in revenue ✅ $500M being deployed to scale ✅ Built in partnership with OpenAI
But here’s the big picture for Indian CA firms — offshoring, outsourcing, and advisory:
AI isn’t a threat. It’s the multiplier.
Indian firms are uniquely positioned to lead global finance delivery but only if they adopt AI fast. Here’s how Indian CA firms can leverage AI right now:
1. Audit & Assurance: ✅ Automate test procedures ✅ Smart sampling & anomaly detection ✅ Auto-generate working papers
2. Tax & Compliance: ✅ Auto-extract data from GST, TDS, ITR ✅ Predictive insights on assessments ✅ E-mail + notice response drafting
3. Reporting & MIS: ✅ Auto-generate financials ✅ Ratio + trend analysis ✅ Narrative summaries using NLP
4. Internal Audit & Risk: ✅ Control testing automation ✅ Risk flagging from ERP logs ✅ Workflow tracking with AI agents
5. Client Support & Delivery: ✅ AI-based query handling ✅ Task assignment + progress tracking ✅ Dashboards + insights at scale
India is on Crete’s map too.
They’ve opened operations in Gurugram — hiring Indian talent across tax, shared services, and delivery.
Their model?
➡️ Acquire CPA firms ➡️ Plug AI + India ops ➡️ Let partners retain control
Why Indian CA firms must act now:
- Global firms are rebuilding — they will need AI-ready partners, not just low-cost service providers
- AI will level the playing field — speed + intelligence will win, not size alone
- Clients will expect AI-augmented insights, not manual reports
