SAP Concur and AvidXchange partner, and Mastercard expands relationship with Zoho.
SAP Concur and AvidXchange create payment partnership
SAP Concur and AvidXchange have entered a partnership that allows Concur Invoice customers to process electronic payments through the AvidPay Network of over 500,000 suppliers. Concur Invoice customers will be able to offer multiple payment options to vendors, including virtual credit card (VCC), AvidPay Direct — a proprietary ACH+ product leveraging ACH with enhanced information — along with several other forms of e-payment settlement methods. Access to AvidXchange will be available via the SAP Concur App Center.
Pixie releases practice management solution
Pixie, based in London, has debuted its inaugural product, a practice management platform. The company is targeting small accounting firms of less than 10 staff members that may need more organization but don’t have the time to think about complex processes. Accountants can link Pixie to GSuite or Office365 email, after which the solution performs the following tasks:
Prioritizes emails from clients vs. others, like vendors;
Links emails and files with the right tasks and client records, including emails sent with iPhones; and
Enables GDPR compliant document exchange without the use of portals.
The software is available worldwide, including in the United States; however, currently it only supports the British pound sterling.
Mastercard and Zoho expand their relationship beyond India
Mastercard is expanding its relationship with Zoho, a provider of cloud business applications, including accounting. With Zoho’s platform, Mastercard offers its small business customers access to a suite of marketing, accounting and customer relationship management tools to automate paper-based processes. Previously, the partnership was available only to Mastercard customers in India, but now Mastercard customers globally can access the Zoho suite.
Wolters Kluwer Tax & Accounting and Thomson Reuters Checkpoint have released their predictions for the expected annual inflation adjustments from the Internal Revenue Service for various tax-related items.