Tech News: Latest MindBridge release focuses on unusual monetary flows, response

Tech News: MindBridge's latest release

December 12, 2022 9:07 AM

The latest MindBridge release focuses on unusual monetary flows; Alight releases a payroll solution; Softrax releases a new revenue management solution; and other news from the world of accounting technology.

Latest MindBridge release focuses on unusual monetary flows

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MindBridge announced its third major release, which offers more control over identifying and categorizing unusual monetary flows. By enhancing its proprietary financial Expert Score control point, the software enables faster, more targeted responses to identified entries and transactions. Users can now also distinguish between different types of flows, ensuring teams have greater visibility into complex transactions. Combined with the enhanced Expert Score, these two capabilities enable users to better interpret and take action on results.

Alight releases payroll solution

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Alight, a cloud-based human capital platform, announced the global expansion of its proprietary employee experience platform, Alight Worklife, with the addition of a payroll solution. The solution provides in-country payroll platforms that span over 180 countries and 25 languages into Alight's cloud technology platform, providing a single, end-to-end digital experience that provides data visibility and control through actionable analytics. This global expansion of the platform harmonizes payroll and HR into a single, automated solution to help clients process, review, report and analyze payroll globally.

Softrax releases new revenue management solution

Revenue management and accounting solutions provider Softrax formally unveiled its new Softrax Revenue Management System. The software provides support for one-time, milestone, subscription, consumption, and renewal billing to allow the swift rollout of new billing models as well as ease the transition from legacy billing systems. Users will have a single-system approach to offer a variety of billing models and manage revenue recognition to allow transparency and facilitate compliance with standards like ASC 606 / IFRS 15.

Partnerships and integrations

Cloud solutions provider Right Networks announced it is working with document management and security solutions provider SmartVault to enhance its cloud service offerings. Under the agreement, SmartVault can now be purchased directly from Right Networks as part of its intelligent accounting cloud. … AP automation solutions company AvidXchange said that it now has an invoice-to-pay API integration with Intuit QuickBooks Online. AvidXchange also announced that it has partnered with fintech company Wise to develop a new cross-border payments solution, which brings additional visibility into foreign exchange fees and any gains or losses. … CPACharge, a payment solutions provider for accounting professionals, announced it is now integrated with tax software maker SmartPath.co, which gives tax professionals access to its all-in-one accounting platform. The new SmartPath Engage Platform will be fully integrated with CPACharge allowing tax firms to price any client in real time. … AR and AP automation software provider Lockstep announced that ArtisTrade, a finance software provider specializing in supply chain finance, is now live on Lockstep. ArtisTrade recently launched ArtisPay, which is initially rolling out in the transportation industry and is the first supply chain finance web app for banks and lenders. … RSM Canada announced it has entered a reseller partnership with Vic.ai, the artificial intelligence platform for accounting productivity and financial intelligence. … Careful, a financial management solution aimed specifically at senior citizens, announced that its software will now be available to the Cetera Financial Group.

Awards and honors

CPA.com announced that John Pace, CPA, has received its Digital CPA Innovative Practitioner Award, which recognizes individuals who are driving the accounting profession forward through innovative thought leadership, processes, services and technology implementation… Wolters Kluwer announced that its governance, risk and compliance division has won four business awards: in the Global Business Awards, it won Analytics Executive Leader of the Year (for Sandeep Sacheti); and in the Software & Technology Awards it won Data Analytics Team of the Year, Data Analytics Executive Leader of the Year (for Sandeep Sacheti), and Transformation Leader of the Year (for Tek Singh).

Other news

Cybersecurity firm Ironscales announced the appointment of a new chief financial officer, Glenn Trulock; a new chief marketing officer, Grant Ho; and a new chief operating officer, Alex Paquette. … Bookkeeping automation solutions provider Uplinkq announced it has raised $5.6 million in seed funding, led by AZ-VC, the Arizona-focused venture capital fund.