Tech news: Bill introduces Divvy Reserve Card

Bill introduces Divvy Reserve Card

Payments solutions provider Bill announced launched the Bill Divvy Reserve Card, a company card program designed to give businesses greater flexibility over spending, enhanced control over credit limits, and the opportunity to optimize cash-back rewards. Businesses can earn cash back on every purchase, starting at a rate of 1.5%, and increasing to 1.75%, with a minimum monthly spend of $100,000. They can withdraw from security deposits whenever needed, and the deposits can be adjusted at any time or frequency. Credit limits are determined by the security deposit placed in the Bill Spend & Expense account. The program will automate, manage and centralize spend controls and expense management within the integrated Bill Spend & Expense platform. The Bill Divvy Reserve Card is now available to businesses that meet the requirements.

KPMG announces KPMG Velocity business transformation suite

The offices of KPMG LLP in the Canary Wharf business and shopping district in London

Simon Dawson/Bloomberg

Big Four firm KPMG announced a new AI-driven platform, KPMG Velocity, which combines KPMG firms' existing multibillion-dollar business transformation solutions suite and adds a layer of AI tools and a common methodology. The combined solution brings together KPMG Connected Enterprise, KPMG Powered Enterprise, KPMG Trusted Imperative and KPMG Elevate into a single platform aimed at assisting KPMG professionals in helping clients design and execute digital transformation journeys. The software integrates with AI and other technologies and connects a client's current strategy to a future blueprint. The program includes assessments, tools, templates and pre-configured solutions to help clients implement changes on their platforms.  

Sovos achieves full SAP certification on suite

Tax compliance solutions provider Sovos has achieved full SAP certification for its Indirect Tax Suite, which includes VAT and sales tax determination, e-invoicing and filing. With Sovos' Indirect Tax Suite, SAP customers can implement a global tax compliance solution aligned with their S/4HANA migration strategy. Sovos' Indirect Tax Suite for SAP integrates with SAP ECC and S/4HANA, automates tax determination, e-invoicing and reporting, and aligns with SAP Clean Core principles. Key features of the Sovos Indirect Tax Suite for SAP include automatic global tax determination, real-time invoicing and continuous transaction controls compliance, tools for tax reporting and filing, recognition of the SAP Clean Core Compliance initiative, embedded analytics for compliance monitoring and scalability with a united platform.

Partnerships and integrations

Accounting and auditing analytics software company Caseware said that AI governance platform Holistic AI has been chosen as a strategic foundation of Caseware's AI strategy to provide ongoing assurance and visibility of Caseware's safety standards. The companies recently completed an independent evaluation of the safety and security features within Caseware AiDA, the organization's AI digital assistant, performed via the Holistic AI Governance Platform. The Holistic AI Governance Platform's evaluation process, which assigned Caseware AiDA a low-risk rating, validated that sufficient steps have been taken to mitigate the risks found in the areas of transparency, efficacy, robustness and privacy through qualitative and quantitative testing. … Accounting and advisory solutions provider Centri announced a partnership with financial planning and analysis platform Vena Solutions. The partnership will enable clients to leverage Vena's advanced FP&A software, combined with Centri's industry expertise, to streamline their financial planning processes and decision-making. The collaboration will provide personalized solutions to help businesses achieve their financial goals. … Sidetrade, which makes AI-powered order-to-cash applications, and Interpath, an international advisory firm, have announced an alliance relationship. The alliance with Sidetrade will support the firm's continued growth and enhance its ability to create, defend, preserve, sustain and grow value for its clients through working capital optimization. In turn, Sidetrade will be able to draw on Interpath's advisory capabilities across a wide range of markets and channels to help leadership teams with their order-to-cash operations. … Accounting solutions provider Merge announced a formal partnership and integration with payroll solutions provider Gusto. The integration will be offered to all clients on Merge's professional and enterprise plans. The move enables automated provisioning and gifting, headcount planning and training assignment options, among other things. Merge also announced four other integrations this month with Leapsome, Dayforce, ADP Decidium and Crelate. … Avalara, a tax compliance and automation solutions provider, announced a strategic partnership with energy and commodity management solutions provider ION Commodities. As a technology partner in Avalara's Partner Program, ION Commodities' solutions will standardize integration with Avalara's AvaTax for Energy tax engine solution to address the complexities of tax compliance in energy trading and logistics. The forthcoming integration will offer energy companies an automated tax compliance solution. … B2B tech company SandboxAQ has expanded its relationship with Big Four firm Deloitte to offer SandboxAQ's AI LQM simulation products and solutions along with Deloitte's services capabilities to organizations worldwide. SandboxAQ's AQBioSim and AQChemSim solutions leverage Large Quantitative Models to accelerate product development across a broad range of sectors, including biopharma. Deloitte will augment these offerings with its data and life sciences experience combined with its business and technology acumen.

New hires and appointments

Practice management solutions provider Canopy announced the appointment of Hanna Bjornn as its vice president of product. Previously she was managing partner at Remedy Partners, a product management consultancy. In addition to welcoming Bjornn to the team, Canopy is also making a significant investment in its R&D efforts by expanding its team and investing heavily in AI and automation. … Payment and practice management solutions provider Ignition appointed Bec Donnelly as senior vice president of people and culture. As former VP of people at SiteMinder, Donnelly oversaw operations, talent acquisition and organizational development, and in 2021, held the role of acting chief people officer during a successful IPO. … Small business accounting platform Xero announced that Jeff Ryan will replace Nicole Reid as chief people officer. Starting April 1, he will be responsible for leading Xero's people experience function globally. Xero also announced that Claire Bramley will be Xero's new chief financial officer, effective April 1. She will join Xero from Teradata, an NYSE-listed global cloud database and analytics software provider, where she has been CFO since 2021.

Awards and honors

Accounting-focused cloud solutions provider Cetrom announced that CRN has named Cetrom to its Managed Service Provider 500 list in the Pioneer 250 category for 2025. This annual list honors a select group of MSPs in North America that are driving growth and innovation. … The Attivo Group, a provider of enterprise resource planning solutions, was honored for the first year of performance as a new partner during the Acumatica Summit 2025. The recognition highlights the Attivo Group's success as a trusted Acumatica partner for businesses seeking scalable and efficient ERP solutions, as well as a commitment to excellence in implementing Acumatica's cloud-based ERP solutions. … Wolters Kluwer announced that its CCH Tagetik expert solution has been named as a winner in five categories in the 2024 Application Innovation Awards from Dresner Advisory Services. The five awards recognize CCH Tagetik's capabilities across financial close management; financial consolidation, close management and reporting; financial reporting; ESG; and sales performance management. … Accounting software provider FloQast announced the winners of its 2024 Global Partner of the Year Awards. Americas Partner of the Year was CFGI; Breakout Partner of the Year was Accordion; Implementation Partner of the Year was CFGI; EMEA Partner of the Year was PwC UK; and Elite Partner Tier Achievements included CFGI, Accordion, Connor Group, Crowe and CrossCountry Consulting.

Other news

Lease accounting software company LeaseCrunch announced its upcoming webinar, "Demystifying Discount Rates in Lease Accounting," scheduled for Feb. 19 at 1:00 p.m. CST. The session will cover how to determine the right discount rate, when to use the incremental borrowing rate and practical strategies for compliance with ASC 842 and IFRS 16. Key takeaways from the webinar will include best practices for determining and applying discount rates; insights into ASC 842 and IFRS 16 compliance; differentiating implicit rate and the IBR; and actionable steps to ensure compliance with evolving standards. … Stockholm-based accounting software company Bluebook has raised $3 million in funding, including $2.5 million pre-seed round led by EQT Ventures and a separate capital injection from Y Combinator. Angel investors in the pre-seed round include Huey Lin (founding COO of Affirm), Laura Modiano (OpenAI) and Carles Reina (Eleven Labs). The startup is working with firms like Baker Tilly and Klara Consulting and has a backlog of firms onboarding across Sweden, Norway, Finland and Denmark this quarter. Bluebook plans to continue its expansion in the Nordic countries and other parts of Europe this year.