Tech News: Avantra boosts automation capabilities in newest release of product

Tech News: Avantra boosts automation capabilities

November 4, 2022 9:25 AM

Avantra boosts automation capabilities in newest release; Sage Intacct announces its partner awards; EarMark releases new CPE service for teams; and other news and updates from the accounting technology arena.

Avantra soups up automation capabilities

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Avantra

, an artificial intelligence provider for the SAP platform, announced the release of Avantra 23, which offers enhanced automation capacities. New features include workflow automation templates — including SAP system refresh — and automated SAP security analysis. Avantra 23 is available in standard, professional and enterprise editions. While the professional edition adds the enhanced automation engine, the enterprise edition provides automation templates and Red Hat Ansible integration alongside the SAP HotNews analysis and AI predictive analytics features introduced in Avantra 21.11.

EarMark releases new CPE service for teams

EarMark, a CPE service for CPAs, released EarMark for Teams. The new service builds on the earlier EarMark Unlimited, which enabled individual subscribers to register for unlimited CPE courses throughout the year. Earmark for Teams allows the extension of the unlimited subscription to an entire firm. This means firms of all sizes can purchase bulk subscriptions for all staff and partners who require CPE credits. EarMark is offering a 20% discount on the first year of Earmark for Teams if five or more subscriptions are purchased.

Bill to acquire Finmark

Bill (formerly Bill.com) announced it has penned a formal agreement to acquire financial management software solution company Finmark. The software offers business intelligence insights for small and medium businesses, as well as automation capacities for routine processes, like cash flow management and analytics for business clients. The transaction has been approved by the boards of directors of both Finmark and Bill, and is expected to close by the end of this calendar year, subject to customary closing conditions. Terms of the acquisition were not disclosed.

Awards and honors

Accounting and financial software provider Sage announced the winners of the 2022 Sage Intacct Partner Awards. Overall, 24 partners took home awards — with the top partners across nine categories receiving special recognition. This year's Sage Intacct VAR Partner Award winners were: Alliance Solutions, Accordant Company, Baker Tilly, Cherry Bekaert, CompuData Inc., Cross Country Consulting, Digitek, DWD Technology Group, Ethosystems, Intellitec Solutions, JMT Consulting, Kerr Consulting, LBMC Technology Solutions, Marcum Technology, Net at Work Inc., Postlethwaite & Netterville, RKL eSolutions, RSM US, Sockeye, SWK, The Answer Company and Wipfli. The winners of the Sage Intacct Accountants Program Partner Awards were Consero, RSM USA LLP and E78 Partners. These firms were recognized for outstanding year-over-year growth and sales achievement. ... IRIS Software, which makes payroll and accounting software, won the Tech Company of the Year Award at the U.K. Tech Awards. It was recognized for continued success in the software market, as well as corporate social responsibility efforts and youth outreach programs.

Partnerships and integrations

Audit software solutions provider AuditBoard has teamed up with Big Four firm Deloitte to help companies simplify environmental, social and governance reporting, unify their ESG data, streamline evidence collection and automate ESG activities to enable greater visibility. The partnership will involve the use of AuditBoard's cloud-based audit, risk and compliance management platform in combination with Deloitte's sustainability, climate and equity services offering. … Lease accounting software provider LeaseCrunch has partnered with Top 100 Firm Rea & Associates on an upcoming webinar covering how software can help clients smoothly transition to the new lease accounting standards. It will take place on Wednesday, November 9, at 1:00 pm CST. ... Mercuryo, a payments and infrastructure platform, announced integration with digital asset custody, transfer and settlement solutions provider Fireblocks. The integration will allow Mercuryo to offer its users and partners access to new and popular cryptocurrencies and blockchains. It will become available as part of Mercuryo's Banking-as-a-Service offering, enabling crypto companies to integrate bank accounts into their platforms.

New hires and appointments

CloudCaptcha, an automated time and productivity tracking solution aimed at the accounting profession, announced the appointment of Chris Wicker as chief revenue officer. He has previously worked at Xero, Sage Software and R365. … AuditBoard, an auditing software solutions provider, announced that Evan Fitzpatrick has been named its new chief product officer to lead the product and design teams. Prior to joining AuditBoard, he spent a decade at Bain Capital as senior vice president in their portfolio group, focused on accelerating growth in the firm's portfolio of companies across a variety of industries, including technology.

Other news

Red Wing Software, which offers accounting and payroll solutions, announced the release of Version 17.9 of its CenterPoint product. The REST API service for CenterPoint facilitates third-party integrations by delivering access to key program functionality via HTTP specification, meaning developers are no longer required to use the same technology CenterPoint is built on to take advantage of integration opportunities. … Procurement flow software company ORO, a startup, announced $25 million in Series A funding, co-led by Norwest Venture Partners and B Capital, with participation from XYZ Venture Capital and additional funding from Array Ventures and other investors.