Tech news: Abacor AI assistant launches from stealth mode

Abacor AI assistant launches from stealth

AI accounting solutions provider Abacor emerged from stealth mode with the launch of its new AI assistant to help accounting firms manage their administrative load. Co-founder and CEO David Lam noted that more than half of an accountant's time is devoted to administration, which takes attention away from more valuable activities. The plan is for the assistant to eventually handle many tasks but initially Abacor is focusing on meeting administration. The AI solution can send a recap after every client meeting; automatically share meeting insights across teams with context and permissions; and turn every meeting into searchable, reusable knowledge so teams can access the context from prior conversations. The program automates meeting preparation, notes and follow-ups; and captures, timestamps and stores every discussion, creating a record of client interactions to protect both the firm and its clients. More features and integrations are planned for the future.

Suralink unveils AI enhancements in Workpaper Suite

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Client collaboration platform Suralink announced new AI enhancements in its Workpaper Suite. The workpaper suite now has advanced data matching, which enables engagement teams to perform vouching and tracing procedures, with the ability to set tolerance ranges, required fields, and close-match thresholds, replicating real-world professional judgment. The software now automates the verification of footing and cross-footing in financial statements, automatically extracts or links tables or other similarly formatted information from any PDF or client document in just one click, and supports data extraction functionality. In the future Suralink plans to add an Ask Anything in Excel feature that lets users query multiple client documents at once and surface key information with cited sources without leaving Excel, as well as an Extract Anything feature that allows users to pull structured data from various file types (e.g., W-2 forms, invoices, data tables or financial statements) directly into workpapers, removing the need for templates or manual entry.

Zip touts price negotiation agent, other AI agents

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Procurement platform Zip released a suite of new AI agents, including a price negotiation agent. The Price Negotiation Agent works by analyzing both internal purchase history and external market benchmarks to provide data-backed negotiation guidance. When a procurement team needs to renew its marketing automation software, for example, the agent analyzes what the company paid historically, benchmarks against third party market intelligence and provides specific negotiation tactics on each contract. Beyond price negotiation, Zip unveiled additional agents spanning the procurement journey, including a Preferred Vendor Agent that surfaces approved suppliers during intake and a suite of finance agents that automate accounts payable tasks such as invoice-to-contract compliance checking. The company also introduced conversational AI capabilities across its platform from intake to final payment. Instead of navigating lengthy forms, employees can now handle every step in the procurement process through plain language. Zip's AI asks intelligent questions, reads uploaded documents, and automatically completes requests while providing instant policy answers.

FlexTecs launches AP automation module

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Recovery audit and contract compliance solutions provider FlexTecs announced the launch of AP Inbox Assist, the newest module in its flagship platform, FlexTrap. The software ingests all AP inbox messages directly into the FlexTrap platform, where AI classifies, routes and drafts responses using live ERP data. Specifically, it detects invoices and assigns them to the correct payment workflow; identifies supplier statements and routes them into reconciliation processes; drafts ERP-researched replies to payment status requests for AP review; flags suspicious requests (e.g., bank account changes) with supplier context for added protection; and provides audit-ready visibility into inbox activity, compliance, and workload. The solution will debut at the Shared Services & Outsourcing Week conference in Amsterdam.

Paystand announces accounts payable support, among other enhancements

Paystand, a blockchain-enabled B2B receivables solutions provider, announced new enhancements to its platform that include accounts payable support, enabling users to automate the entire purchase process. This is done by syncing pre-approved transactions with details like receipt images and service dates for efficient amortization. Paystand is able to provide built-in Bitcoin rewards on every OPEX and AP card transaction. In addition, Paystand announced Canadian dollar ETF support, which gives Canadian businesses using Microsoft Dynamics 365 Business Central the same experience as U.S. users. SmartCheck, Paystand's digital replacement for paper checks, allows payers to scan or upload check images and complete payments instantly via ACH. Credit Memo Application at Checkout allows payers to view and apply posted credit memos directly during checkout—whether for a single invoice or multiple transactions, with the system automatically recalculating the remaining balance, processing the payment, and syncing updates to Business Central in real time. A Dispute Automation Workflow automatically un-applies the affected payment, reopens the invoice, and creates a dispute entry in the ledger. Secure Payment Links let merchants embed Paystand checkout links directly within third-party systems—powered by encrypted identifiers such as GUIDs and Paystand IDs.

Partnerships and integrations

Tax information reporting solutions provider Label and tax workflow automation solutions provider TaxTec announced a strategic partnership to deliver integrated solutions across tax operations and compliance. Label and TaxTec plan to help clients meet evolving tax operations and compliance challenges. … Close management software provider FloQast has partnered with Trovata, a specialist in corporate banking connectivity. With FloQast's Trovata-powered Bank Connector, users no longer need to manually download bank statements or rely on spreadsheets. Trovata's platform automates the aggregation of bank data into FloQast. Because the Trovata integration is set up directly within the FloQast platform, there is no need for additional logins or switching between systems. … Top 100 firm Wiss announced a partnership with revenue automation platform Tabs, which automates the billing, collections, revenue recognition and reporting processes that can slow the financial close. Wiss professionals will be using the software to deliver insights, streamline operations, and enhance the value of client engagements. … Tax automation solutions provider GruntWorx announced its integration with Intuit ProSeries. With this integration, ProSeries users can now directly import organized, verified tax data from Gruntworx into their returns. … Acumatica, a cloud ERP company, and Bill, a payments and finance platform, announced a strategic partnership to embed Bill's Accounts Payable Automation directly into Acumatica Cloud ERP. Accounts Payable Automation, powered by Bill, will give U.S. Acumatica customers a way to manage and pay bills without leaving their ERP. … Crypto wallet specialist Ledger and payment infrastructure provider Noah launched virtual euro and U.S. dollar virtual accounts, available directly inside the Ledger Wallet app. Ledger users can send and receive money not just from their own accounts, but from third parties like employers, family, friends and businesses. This means salaries, remittances and everyday payments can now flow directly into Ledger Wallet, be converted to stablecoins and ready to use. The integration marks Ledger's first step into payments, with the global crypto giant entrusting Noah and its infrastructure with a significant expansion. … Big Four firm KPMG has taken a minority stake in audit solutions provider Fieldguide to enable proprietary agentic applications to support assurance services. The collaboration will result in the creation of new AI agents that perform practitioner-designed procedures and analysis. This announcement builds on KPMG's recently launched AI Assurance services and KPMG AI Trust, a multidisciplinary suite of services designed to help clients scale AI applications. … IRS tax data solutions provider Tax Guard has partnered with loan origination platform Spark to improve lenders' access to tax data, helping them make lending decisions. With Tax Guard's capabilities integrated into Spark's platform, the tax transcript ordering process is centralized into a single workflow.

Other news

SaaS tech solutions provider Crunchafi will be at the BDO Alliance conference's Southeast Super Regional Connector, Nov. 5-7 in Miami. Jess Vento, Crunchafi's senior director of solution engineering, accounting and support, will moderate Streamlining PBC + Audit Technology in Practice during the Assurance Forum on November 6. This session will dig into how audit teams are using technology to cut down hours of manual work and improve accuracy in their engagements. The company will also be at the Thomson Reuters Synergy for Tax, Audit and Accounting Professionals, Nov. 5-8 in Orlando, as an Onyx sponsor, Crunchafi will also be exhibiting in "the neighborhood" at Synergy 2025, where industry thought leaders, firm owners and innovators will gather to explore the future of accounting technology. … Butter Payments, a machine learning-powered payments recovery platform, has strengthened its leadership team with two key additions: Sofya Pogreb as CEO and Charles Rosenblatt as chief commercial officer. Pogreb has previously served as chief operating officer at Bill and previously held the same role at Next Insurance. She also served on the boards of Indigo and Next Insurance. Rosenblatt has held senior roles at Payoneer and Hyperwallet, where he helped lead the company to its IPO, and at Hyperwallet, as well as serving as president of PayQuicker. … Bookkeeping and accounting platform Keeper announced it has rebranded to Double, which derives its name from double-entry accounting. The company said the name reflects its evolution from focusing on month-end close tools to a wider set of solutions. … Billing platform BillingPlatform has been named a Leader in the 2025 Gartner Magic Quadrant for Recurring Billing Applications for the second consecutive year. In the accompanying Gartner Critical Capabilities report, which evaluated 17 recurring billing applications, BillingPlatform ranked with the highest scores in three of the five use cases. The company ranked first in Complex Usage Billing, Mixed Billing and Enterprise Grade Billing and the second highest scores in the other two use cases for B2C Subscription Billing and B2B Subscription Billing. ... Accounting ERP provider Sage announced Sage 50 is available on the cloud, giving customers flexible, secure access to their financial data. For Sage 50 users, Sage Copilot will integrate directly into familiar workflows—like managing invoices or preparing reports. Sage 50 customers will now be ready to take advantage of upcoming innovations as they become available, like agentic AI workflows that will automate entire processes, from compliance to reporting.