CohnReznick Advises Strategic AI Implementation Over Hasty Adoption
TL;DR
CohnReznick's strategic AI approach gives businesses a competitive edge by identifying specific problems before implementation to maximize efficiency and minimize risks.
CohnReznick recommends starting with existing software's built-in AI features and conducting use case hackathons to systematically identify and address business challenges.
CohnReznick's thoughtful AI implementation helps businesses make better decisions that improve operations and create more stable, efficient organizations for employees and customers.
CohnReznick developed an AI tool that transforms a twelve-minute financial survey into actionable tariff and supply chain risk strategies for manufacturers.
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CohnReznick, the century-old accounting and tax consulting firm, is advising clients to take a deliberate approach to artificial intelligence implementation rather than rushing to adopt the technology. Sabrina Quinn, national sales director at CohnReznick, emphasized that businesses should first identify specific problems before determining if AI represents the appropriate solution. With AI constantly evolving and new technologies emerging, companies that implement AI without a comprehensive strategy may face vulnerabilities to cyber threats, regulatory changes, and compliance issues.
The firm advocates for starting with existing applications that businesses already use daily. Most customer relationship management software and project management applications contain built-in AI capabilities that can enhance productivity without requiring transformative changes. Quinn described this approach as embedding AI into daily use cases rather than treating it as a disruptive force. CohnReznick practices this methodology internally through what Quinn terms a use case hackathon, where sales and marketing teams identify operational challenges and leverage AI for improvement.
One practical application of CohnReznick's AI strategy is demonstrated through their RQ Trim tool, which helps manufacturing, distribution, life sciences, and financial companies manage risks associated with tariffs, inflation, and supply chain volatility. Clients complete a twelve-minute survey with financial inputs, and the AI model generates actionable strategies and executive-ready insights. This tool exemplifies how AI can transition businesses from stagnation to acceleration by providing clear guidance on risk management.
The company's approach reflects its broader philosophy of enabling better business decisions through appropriate technology integration. With decades of experience providing accounting, risk management, and digital transformation services across multiple industries, CohnReznick emphasizes that AI should complement rather than replace established business processes. The firm's methodology demonstrates how organizations can leverage AI effectively while maintaining operational stability and regulatory compliance.
Curated from NewMediaWire
