Tech News: Xero becomes PKF International’s preferred cloud solution as global partner

Tech News: PKF Int'l picks Xero

April 29, 2022 9:45 AM

Xero has become accounting firm network PKF International's preferred cloud solution; FloQast launched a new online learning portal; Expensify rolled out a monthly settlement feature; KPMG entered strategic partnerships with E2open and Intapp; AuditSight raised $4 million; and other technology news.

PKF International picks Xero

Cloud accounting software provider Xero announced a multiyear global agreement with PKF International. This means Xero has become the preferred cloud accounting solution for PKF member firms serving small to midsized business clients. Similarly, the company has welcomed PKF International as its first Xero Global Partner, offering tailored membership benefits and support for Xero products.

FloQast launches new digital learning portal

The Muse

Accounting automation software company FloQast launched an online learning portal, FloQadamy. It offers a library of courses taught by accountants and auditors, focusing on best practices as well as FloQast’s products. Among other things, they cover demonstrations, customer case studies, videos and knowledge checks. The portal provides certifications, including a Close Management Certification badge, which formalize skill attainment. The company plans to add CPE content in the future.

Expensify rolls out monthly settlement feature

Expense management software company Expensify has added a monthly settlement feature to its card programs. Users of the Expensify Card or Expensify CPA Card can now either settle purchases across all cards grouped by day or by month. In either case, payment is automatically withdrawn from the user’s bank account.

KPMG enters partnerships with E2Open, Intapp

The offices for the accounting firm KPMG LLP stand in Los Angeles

Patrick T. Fallon/Bloomberg

E2open, a supply chain management platform, announced a strategic partnership with Big Four firm KPMG to launch a supply chain-oriented accounting practice. The new practice will use technology adoption, services and expertise to help clients with supply chain challenges. Meanwhile, KPMG AG in Germany has also entered into a strategic partnership with cloud software provider Intapp. Intapp’s industry-specific cloud solutions will combine with KPMG’s experience in technology, process, risk, regulatory and security services to assist clients with digital transformation.

AuditSight raises $4 million

Audit software company AuditSight announced $4 million in seed funding from Hyde Park Venture Partners, which provided the money in response to recent growth at the technology provider. The company's digital platform eliminates manual detail testing and uses APIs to access client records, verifies the accounting records against third-party data sources, and produces GAAS-compliant work papers.

Integrations and partnerships

Tax software provider Sovos said its Filing for NetSuite SuiteTax solution has achieved “Built for” status, which means users can populate data straight from NetSuite SuiteTax and create sales tax returns for submission to government agencies. … Accounting-centered online payment company CPACharge has partnered with tax software company IRS Solutions to provide users with digital payment options and extra security for tax professionals working on resolution cases with the IRS. … Analytics and performance management solutions provider insightsoftware announced that its financial and business reporting software, Jet Reports, is now compatible with Microsoft Dynamics 365 Financial & Supply Chain Management. … Cin7, which provides inventory management solutions, announced a strategic product bundle with QuickBooks, which allows product sellers to connect their cloud accounting software with Cin7’s cloud inventory management solution. … Credit card company American Express announced a collaboration with accounts receivable automation company Billtrust, which will allow suppliers to automate and accelerate virtual card payments from customers while receiving a real-time view of their outstanding invoices and current cash flow. … Financial institution TD Bank said it is collaborating with fintech company FISPAN, allowing the bank’s commercial customers to automate cash management processes directly from their ERP software.

Other news

Automation software company Vic.ai will be focusing on establishing itself as an enterprise solution as the starting point for a brand update meant to reflect its direction and bullish ambition. … AbacusNext, a practice management software company, has added Jennifer Sherman as chief product and experience officer and Mike Summers as chief people officer to the executive team. … Blackline, a cloud automation software company, is making its "Modern Accounting Playbook," previously only sold in North America, available globally. … Billing and payments software provider Chargebee is expanding into the Indian market, working with Indian fintech company Razorpay to bring the subscription management platform to professionals working there.