Tech news: CPA.com announces updates to Dynamic Audit Solution

January 17, 2025 9:00 AM

CPA.com announces updates to Dynamic Audit Solution; Corecentric enhances International Tax Management Engine; and other accounting tech news and updates.

CPA.com announces updates to Dynamic Audit Solution

CPA.com's Erik Asgeirsson addresses a session at the 2018 Engage event

CPA.com announced a raft of new capacity updates for its Dynamic Audit Solution. They include newly supported industries such as technology, real estate, dealerships, depository and lending institutions, investment companies and insurance, with additional industry content for state and local governments to be released in the coming months. Central planning allows risk assessments and responses to risks to be managed from a central entity, enabling auditors to modify elements of the individual entities to further streamline workflows. Users now have the ability to create new custom tests for specific needs, and link tests to specific risks.

Corecentric enhances International Tax Management Engine

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Procurement and finance solutions provider Corecentric upgraded its International Tax Management Engine, aimed at streamlining geographic-specific tax calculations, while bringing broad global compliance services and document accuracy and automation to accounts payable customers. Specifically, users can set custom rules that enable automatic tax rate calculations tailored to their business practices and geographies throughout workflows, automating tax entries for both invoices and accruals. It also adapts to the evolving regulatory landscape, particularly in regions with strict e-invoicing and e-compliance mandates, and allows tax applications to reflect regional requirements down to each transaction's unique context.

Intuit updates QuickBooks Solopreneur and Intuit Enterprise Suite, launches QuickBooks Customer Hub

Intuit announced a series of product updates, as well as the rollout of a new solution. As with clients using other QuickBooks Online subscriptions, accountants can now access a solopreneur client's books through QuickBooks Online Accountant, which includes the ability to review a client's Chart of Accounts and transactions, conduct reconciliations, and access client account registers, journal entries and reports. Intuit Enterprise Suite, meanwhile, now has improved multi-entity accounting and financial management, dimensions and business intelligence, recurring payments, industry-specific customizations, and a dedicated partnership via a new Intuit Enterprise Suite training subscription. Finally, Intuit launched QuickBooks Customer Hub powered by Mailchimp. Users can encourage customers to rate and share their satisfaction and experience; connect with prospective customers by giving current customers a way to recommend their product or service to others; and automate the process for existing customers to request repeat or new business.

Schellman announces SchellmanCON

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Top 50 firm Schellman announced the return of SchellmanCON, taking place March 6 and March 7, offering Schellman clients, compliance experts and cybersecurity professionals an opportunity to explore best practice approaches to cybersecurity assessments. Attendees will hear from industry experts and learn about emerging trends across compliance and cybersecurity, such as threat management, AI and more. Participants in the two-day event will also be enrolled in sessions to earn continuing professional education credits and access to leading solutions to help understand and manage cybersecurity risk in a dedicated expo. Session highlights include ISO 42001, streamlining cybersecurity, and compliance in health care. Notable speakers include Milan Patel, senior vice president of SaaS compliance, at Oracle; Algirde Pipikaite, head of GRC at CrowdStrike; Michael Zanga, group head of cyber, technology and data risk at Barclays; Kumar Selvaraj, vice president of global security compliance at Zscaler; and more.

PayPal, Deloitte and Bitwave to co-host "On-Chain B2B Payments Day" event

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PayPal, Deloitte and Bitwave announced they will co-host "On-Chain B2B Payments Day," an event dedicated to accelerating the global adoption of on-chain B2B payments. The event will bring together hundreds of senior financial leaders, accountants, auditors and enterprise executives on February 27 to explore how stablecoins and blockchain technologies are reshaping the future of payments for businesses. The event will be presented alongside ETHDenver — an annual conference for Ethereum developers and blockchain advocates — which kicks off with a networking brunch and panel discussion featuring some of the leading voices in payment innovation. On-Chain B2B Payments Day is sponsored by NetSuite alongside other industry contributors.

Partnerships, integrations and acquisitions

Financial data solutions provider Validis announced strategic investments from Citi and Barclays. Citi and Barclays will leverage Validis' platform to automate financial monitoring, deliver underwriting-ready data, and reduce application and credit review time. The investment enables Validis to accelerate its growth while benefiting from the strategic guidance of two global lenders. The investment will fund continued product innovation and expanded sales and marketing efforts. … CPA.com has formed a partnership with Blue J, a generative AI research tool company, to connect firms of all sizes to Blue J products in order to streamline a firm's research processes and support them in delivering actionable insights to clients. Blue J will be offered to firms through CPA.com's Preferred Partner Program, which supports CPA firms in expanding and elevating their advisory services through best-in-class technology solutions. Through this program, CPA.com will also provide practice development and training to help firms optimize the use of this technology... Cloud accounting solutions company AccountsIQ announced its acquisition of ExpenseIn, an expense management software product. ExpenseIn, which joins the AccountsIQ Group and will continue trading under its existing name, shares AccountsIQ's values and customer-centric approach. Founded in 2015, the company processes over a million expenses every month and has a customer base that spans over 40 countries. Its customers include Ascot, Corpay and Bath Rugby.

Awards and honors

Small and midsize business platform company Sage announced that Sage Intacct and Sage Accounting have both won the 2025 Buyers Choice Awards from TrustRadius. … Tax compliance solutions provider Sovos has been named a Leader in the IDC MarketScape for Worldwide Value-Added Tax Management 2024 Vendor Assessment. The report noted that Sovos VAT compliance solutions and services include full coverage for VAT reporting, continuous transaction control compliance, e-invoicing clearance, post-audit e-invoicing, and tax determination. … Close management solutions provider FloQast has been recognized as a winner in the 2025 BIG Innovation Awards, presented by the Business Intelligence Group. This honor highlights the company's Accounting Transformation Platform. … Wolters Kluwer announced that its Enablon ESG Excellence solution has been named as a winner in the Best Software-as-a-Service – USA (Enterprise) category in the 2024/25 Cloud Awards.

New hires and appointments

Payment software company Bill announced Keri Gohman and Dan Wernikoff have joined the company's board of directors. Gohman is currently a board member at Caret and was previously the CEO. She is also a board member at Practice Tek, and has served as an operating partner and senior advisor at technology investment firm Bain Capital Ventures. Wenikoff most recently served as CEO of LegalZoom, the business formation platform, where he led the company through significant growth and a major shift to a subscription-based business model. … Back office finance solutions provider Zone and Co. has appointed Steven Bachert as chief revenue officer. Bachert will lead Zone's go-to-market strategy to accelerate its next phase of growth and expansion. Bachert joins Zone from Expana, where he served as chief revenue officer and chief commercial officer. … Top 10 firm Baker Tilly announced the appointment of Amy Bogac as chief information security officer, effective Jan. 13, 2025. In this role, Bogac will oversee Baker Tilly's information security strategy and operations, safeguarding the firm's systems and data.

Other news

Blockchain-based payments company Paystand opened its new downtown Santa Cruz headquarters in offices formerly occupied by Google. The return to its Santa Cruz roots highlights the fintech firm's long-time dedication to fostering economic growth in Santa Cruz, including working with local businesses to incentivize them to accept Bitcoin.