South Jordan, UT – [May 8, 2024] – Canopy, the firm-wide operating system that helps accountants build the firm they’ve always wanted, is thrilled to announce the successful raising of $35 million in an oversubscribed round. The round was led by Ten Coves Capital and Ankona Capital, with participation from Pelion Venture Partners, Tenaya Capital, and NewView Capital. The $35 million investment will be channeled towards doubling down on Canopy’s vision for leveraging AI to make firms exponentially more efficient.  ..read more

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Speakers: KC Brothers & Shane Westra  Tax Day has come and gone and we know you’ve been busy, we have the metrics to prove it. In this webinar we’ll share how much you worked (like the more than one billion data requests Canopy facilitated). We’ll also do a deep dive into some new features meant to make your life easier and will let you in on what we have planned for the future. The webinar will include ..read more

Did you know that Customer Relationship Management (CRM) systems can increase customer retention rates by 27% and improve customer relationships in 74% of businesses? It's no wonder CRM systems have become indispensable in today's competitive business environment. For accountants, choosing the right CRM — traditional or accounting-specific — can feel as complex as navigating a dense financial spreadsheet. Let's dive into these two CRM types to help you make an informed decision that could redefine your business strategy ..read more

Leveraging the right Customer Relationship Management (CRM) software is key to enhancing efficiency, improving client relations, and driving business growth. This post delves into the top 6 accounting CRMs of 2024, highlighting their strengths and weaknesses to help accounting professionals make an informed choice ..read more

For the accounting firm focused on maximizing profit and efficiency, antiquated practice management solutions that only meet a few needs are no longer sufficient for accounting firms. Having an operating system that seamlessly connects all processes within an accounting firm is crucial for maximizing efficiency and providing a superior client experience. By integrating various functions and workflows into a centralized platform, tasks such as client management, payments, data analytics, and financial reporting can be streamlined and automated. This saves time, reduces errors, and allows for r ..read more

Integrating Artificial Intelligence (AI) into the accounting sector has been a game-changer, offering unprecedented efficiency improvements and accuracy levels. However, while AI has significantly advanced, it’s essential to recognize its capabilities and limitations within this industry ..read more

What's new: We are thrilled to announce the launch of the Files Interface Redesign within Canopy's Document Management module. This update transforms the way Canopy users interact with the files section, providing a more intuitive and user-friendly experience. Here's what you can look forward to ..read more

As a professional accountant, there may come a time when you need to end an engagement with a client. A conclusion to a client relationship could be due to several reasons, such as a realignment of your firm's services, a conflict of interest, or non-compliance with agreed-upon terms by the client.  ..read more

Randy Johnston, executive vice president of K2 Enterprises, sits down with Canopy to discuss his 30+ years in accounting and technology. In the episode Randy discusses the need for keeping up on accounting trends, why it's important for accounting firms to identify who they are and what they do, and why technology is crucial to running and efficient firm.  ..read more