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Appearance on an ICAEW Video
There is a message I regularly send to accountants, insolvency practitioners and other advisors who provide services to businesses. That is… ‘AI is Here, and It’s Not Here to Replace You – It’s Here to Empower You‘ The world of artificial intelligence can feel overwhelming at times, but the truth is AI will not replace…
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What can we learn from Little Joe about generative ai?
As a grandad to a (near) 3 year old, I’m a bit of a fan of Nick Cope. Friday afternoons around Midday I’m normally driving, trying to give my grandson the full hour’s sleep he needs to avoid being crotchety. I have Spotify on, and up among our favourites is Nick Cope. Songs like ‘A…
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The Inflection Point for Insolvency Practitioners: Why Change Can’t Wait
In 1996, Andrew Grove published ‘Only the Paranoid Survive’ at a pivotal moment for global business: the dawn of the internet era. Grove’s insights into ‘strategic inflection points’ – times when external forces fundamentally reshape industries – were prescient then and are still vital today. His message was clear: companies that don’t embrace major shifts…
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How VAi Can Help Solve the Overtrading Crisis in Insolvency Practices
Insolvency practices across the UK are struggling with overtrading. Increased demand for insolvency services, combined with a shortage of experienced insolvency practitioners (IPs), has led many firms to take on more cases than they can manage effectively. This results in inexperienced staff handling complex cases, relying on checklists rather than informed judgment. It’s a risky…
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The 90s Were Wrong About the Internet, and They’re Wrong About AI
Ah, the 1990s. A time of dial-up modems, floppy disks, and that one friend who would argue that The Matrix was a documentary. But perhaps the most striking thing about the late 90s wasn’t the fashion (although, let’s be honest, we’re all trying to forget some of those outfits). No, what really stands out now…
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How Generative AI Can Lighten the Load for Your Insolvency Practice: 5 Ways It Supports Your Mental Health and Work-Life Balance
Running a small or growing insolvency practice can be deeply fulfilling, but it often comes with high stress, long hours, and the pressure to meet demanding client needs. If you’ve ever dreamed of cutting back your workweek or simply finding more time for the things you love, generative AI like our own VAi might just…
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Insolvency Sector vs Other Industries: The Case for Embracing Modern Work Practices
In today’s rapidly evolving job market, employee expectations are shifting dramatically across many industries. Sectors like IT, finance, and even some areas of professional services have already begun to adapt, with firms offering flexible working arrangements, remote work options, and even four-day working weeks. In contrast, the insolvency sector often lags behind, clinging to traditional…
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Revolutionising Insolvency Marketing: How VAi Can Eliminate Writer’s Block
Insolvency practitioners often find themselves caught in a never-ending cycle of networking, trying to stay top-of-mind with potential work introducers. The traditional marketing strategy — spending hours schmoozing at events, lunches, and social gatherings — feels more like a chore than a genuine business development activity. It’s time-consuming, often uncomfortable, and takes you away from…
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Generative AI: The Unsung Olympian in Business
As the world marvels at the incredible feats of athletes in the Olympics, it’s easy to overlook the myriad ways technology and support systems contribute to their success. From precision-engineered bikes in cycling to mental coaching in long-distance running, these athletes leverage every available resource to push their limits and achieve greatness. Yet, when it…
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Comparing VAi and Google: The Benefits of AI-Powered Insolvency Advice
Recently, a VAi user entered the prompt “MVL” into the AI system. That’s it. Nothing more, nothing less (well, it’s hard to see how there could be any less!). MVL stands for Members’ Voluntary Liquidation, a process relevant to company insolvency. the brvity of the ‘prompt’ suggests to me that the user was either trying…
