Tech News: New financial management app Piere will accept departing Mint customers

New financial management app Piere will accept departing Mint customers

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A new financial management app called Piere launched this week, which allows users to bring all their banking and financial accounts into a single application, and create a budget in two taps. Instead of building a monthly budget from scratch, Piere will analyze users' past saving, spending, investing and transactions and then recommend a complete budget customized to the user and their goals. The app also allows users to link, track and manage things like credit cards, loans, savings and 401K accounts directly. They can add current account balances and account histories from every institution as soon as they launch the app. Piere is SOC II Type 2 certified. Piere also said that users of financial apps like Mint, which parent company Intuit has stopped supporting (see previous story), can migrate their transaction history and custom categories into the app versus starting from scratch.

Expensify adds budgeting capabilities

Close up of woman planning home budget and using calculator.

Close up of unrecognizable woman using calculator while going through bills and home finances.

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Expense management solutions provider Expensify launched a new budgeting tool that lets admins set budgets either monthly or annually for their companies as a whole or for individual teams, departments, or employees. It also notifies both individuals and their admins how much of their budget remains throughout a given period, minimizing any surprises that may arise from overspending. The feature brings visibility to what percentage of a budget has already been spent, so if, for example, someone hits 50% of their budget and they're not already halfway through the year, they can anticipate spend more accurately and make informed decisions about what remains. While the tool won't prevent anyone from spending over budget, it aims to help employees feel responsible for keeping their expenses reasonable and help administrators feel comfortable trusting employees with company money.

Corvee to hold AI bootcamp

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Tax planning solutions provider Corvee announced a three-day Artificial Intelligence Tax Team Bootcamp. This event aims to provide guidance to firms on seamlessly transitioning from tax compliance to advisory through the use of AI. Scheduled to take place Jan. 10-12, 2024, at the Hilton Miami Downtown, the bootcamp will feature leaders in the accounting industry like Canopy Tax, Karbon, Corvee and Instead. It will cover AI's impact on the future of the tax industry; Every step needed to master tax positions for clients like Augusta rule, R&D credits, depreciation and more; AI programs revolutionizing day-to-day tasks for firms; Deep dives into industry-leading AI technologies from Karbon and CanopyTax; Staff training for the transition from compliance to advisory services; Step-by-step implementation of new AI applications; Organization structures to deliver on core and advanced tax strategies; Training and monitoring your staff to shift into an advisory model; Technology stack needed to deliver services and support staff; and Onboarding to set the right expectations with clients on the first call.

Partnerships and integrations and other news

Tax compliance solutions provider Vertex announced it is partnering with e-commerce software company Mirakl, hailing the certified integration of Vertex® O Series® and the Mirakl Marketplace Platform. The partnership means those using Mirakl's platform will be able to automate the update of tax rates and rules, as well as determine and calculate of sales, seller use and value-added tax (VAT) on marketplace transactions. … Small business software company Xero said it is partnering with Flinks, an open banking solutions provider, to give small businesses in Canada and the United States secure access to more than 20 direct bank connections, plus transaction data. For customers this will include, but not limited to, direct bank feeds with the National Bank of Canada and EQ Bank, as well as US based banks. … BillingPlatform, the enterprise revenue lifecycle management platform, announced that it has renewed its multi-year agreement with Australian cloud-based wealth accounting and SMSF administration software provider Class. … Business solutions provider Quadient, and Xero, a cloud-based accounting software for small to medium-sized enterprises, have announced a strategic partnership in North America and the United Kingdom. Xero integrates with Quadient's Accounts Payable (AP) capabilities to fully automate and streamline accounting processes. Quadient AP, using Xero's expertise, enables customers to automatically collect and input data into Xero using Quadient's optical character recognition capability, which uses AI to eliminate 83% of data entry. This efficiency helps to reduce the average cost of processing an invoice from $16 to $2. ... Tres Finance, which provides an accounting and financial data reporting platform for crypto assets, announced it has raised $11 million in Series A financing. The additional funds bring the total raised by TRES to $18.6mn from investors, including Faction (https://www.faction.vc/), boldstart (https://boldstart.vc/), and New Form (https://www.newformcap.com/) alongside strategic angels and partners.

Tech News: Piere targets departing Mint customers

New financial management app Piere will accept departing Mint customers

Expensify adds budgeting capabilities

Corvee to hold AI bootcamp

Partnerships and integrations and other news