This was Simon’s first spark of inspiration for finding a way to automate these tedious jobs. Some technologies had moved forward during his two-year absence, but a lot of energy was still spent reconciling different systems and checking individual invoices.
When Simon returned to PwC after Poka, he was surprised to find how much work was still being done in Excel. In a conversation with Karbon CEO and host Stuart McLeod on episode 35 of the Accounting Leaders Podcast, Simon shares his challenges as an accounting tech firm founder, the problems Stamped is solving, and where he hopes to see Stamped go in the future. His goal: to have AI take over the lower-level functions of accounting, and by doing so, relieve some of the pressures of the CPA shortage and let accountants do their best work. My learning curve was stopping,” Simon recalls.Īfter a brief return to PwC, Simon co-founded Stamped Technologies, a tech-enabled accounting firm. “I realized that I was not the kind of CPA that was enjoying doing payroll every two weeks and monthly reporting updates for the investors. But eventually, Simon felt he’d plateaued in terms of personal growth. There, he helped the company raise $6.5 million over two funding rounds. “I think playing competitive sport is what prepares you the most for the business world… I learned everything from grit, to commitment, to discipline.”Īfter PwC, Simon went on to become the first Director of Finance at the SaaS startup Poka, Inc. “I definitely learned more on the football field than I did in school,” Simon says.
#SIMON SAYS AI PROFESSIONAL#
Still, he credits football with much of his personal and professional development. A Quebecois who played American football for 10 years, Simon had to give up the game after two shoulder surgeries. Simon Langlois learned his best lessons not from his experience in audit at PwC, but on the football field.
Simon believes Stamped could produce 70% of the financial statements from the region. Stamped currently operates in Canada, but Simon is working on getting CPA designation in the US so he can continue expanding Stamped’s presence across North America. Since it receives transaction data year-round, Stamped alleviates the year-end pressure of closing and provides steady revenue throughout the year. Simon Langlois, Co-Founder and CEO of Stamped Technologies, wants to solve the staff shortage in the accounting industry by using AI to automate lower-end accounting functions.
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