Private Companies Recognize AI's Potential, Yet Adoption Remains Limited

Citrin Cooperman's 2nd Annual Private Company Performance Report Also Finds Planning Gaps in ERP and Data Initiatives

NEW YORK, June 10, 2025 -- Citrin Cooperman has released its 2^nd Annual Private Company Performance Report, providing insight into how more than 1,000 privately held middle-market companies are navigating today's volatile business environment.

The report surveyed leaders of closely held, family-owned, and Private Equity / Venture Capital backed business with revenues between $10 million and $1 Billion. It offers a candid look at how companies are approaching technology transformation, workforce strategy, financial health, and long-term planning.

Key Takeaways:

• AI's Ubiquity vs. Adoption Gap
  • 71% identified AI as the most impactful technology over the past three years, but only 7% report mature adoption.
    
    
• Accelerated Exit Planning
  • 50% of companies are actively considering a sale within the next three years.
    
    
• ERP Investment vs. Execution Challenges
  • While 95% of companies upgraded their ERP systems in the last five years, 63% wish they invested more in upfront planning, training and user engagement.
    
    
• Data Confidence Trails Behind System Integration
  • Although 80% say their systems are well-integrated, only 25% fully trust the accuracy and security of their data.

"While private companies clearly recognize the transformative potential of AI, there remains a significant gap between recognition and adoption," said Alan Badey, CEO of Citrin Cooperman. "This highlights the need for a more strategic approach to technology implementation, which is crucial for companies to fully embrace AI and other advanced technologies to drive growth and foster innovation."

Access the Full Report:

The complete 2025 Private Company Performance Report is available on the Citrin Cooperman website.

About Citrin Cooperman:

Citrin Cooperman is the nation's premier accounting and advisory provider for private, middle-market businesses and high net-worth individuals. Consistently recognized as a great place to work and among the fastest growing top 20 U.S. firms, our more than 3,300 professionals focus on what counts to positively impact the lives of our people, clients, and communities. Our commitment to outstanding client service, professional excellence and deep industry expertise underpins a strategic growth approach that powers our dynamic, innovative culture.

Citrin Cooperman is an independent member firm of the Moore North America, Inc. (MNA) Association, which is itself a regional member of Moore Global Network Limited (MGNL), one of the world's leading accountancy and advisory networks with over 37,000 professionals across 227 independent firms working in more than 114 countries. All the firms associated with MNA are independently owned and managed entities. Their membership in, or association with, MNA should not be construed as constituting or implying any partnership between them.

"Citrin Cooperman" is the brand under which Citrin Cooperman & Company, LLP, and Citrin Cooperman Advisors LLC serve clients' business needs in an alternative practice structure in accordance with the AICPA's Code of Professional Conduct and applicable law, regulations, and professional standards. Citrin Cooperman & Company, LLP, a licensed independent CPA firm, provides attest services and Citrin Cooperman Advisors LLC provides business advisory and nonattest services. Learn more about Citrin Cooperman at www.citrincooperman.com.

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