Laura Bock & Shruti Batra — QED Investors - Finance's back office is entering its biggest upgrade cycle in decades - October 2025

A blog post by QED Investors (Laura Bock and Shruti Batra) analyzing the transformation of finance back office systems. It discusses how AI-native challengers are reimagining the CFO stack, labor shortages (75% of CPAs retiring in a decade), ERP fragmentation, and the shift from billable hours to fixed fees. The post highlights key trends like AI automating rote tasks, the accounting labor cliff, and the need for modernization.