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AAB acquires AI finance services firm Abacai

AAB acquires AI finance services firm Abacai Image: Primary
AAB has acquired Abacai, a firm that uses AI in outsourced finance and accounting services for consumer brands in e-commerce, retail and wholesale, International Accounting Bulletin reported. Financial terms were not disclosed. Abacai will join AAB's Office of the CFO team, supporting operational finance, technical accounting, transactions and finance transformation. AAB said the acquisition would expand its capacity to serve owner-managed and high-growth businesses and share technology and operating practices across the group.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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