Tech news: Bill touts high-yield cash accounts

Bill touts high-yield cash account

Payments solutions provider Bill announced the launch of Bill Cash Account, a high-yield, operating account that it said earns 42 times the national average annual percentage yield, and benefits from up to $200 million in FDIC insurance, without any minimums or fees. Users can combine payables and treasury functions into one seamless, embedded account within Bill while also being able to access next-business-day ACH payments with no added fees, and unlimited transactions. Bill Cash Account also integrates directly with accounting software. The solution aims to address businesses leaving thousands of dollars on the table while their operating cash sits in low- or no-yield accounts, or wasting time moving funds between multiple accounts to secure higher yields.

Coupa adds more than 100 platform enhancements

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Spend management solutions provider Coupa announced new platform updates, which include more than 100 platform enhancements, focused on bringing greater automation and intelligence to the user experience across the entire spend management lifecycle with the Coupa Navi agent portfolio. Among them are Coupa Clarity 2.0, which provides quicker access to insights and actions. Users will also have an improved supplier profile management and visibility, the ability for suppliers to submit invoices to the Coupa Supplier Portal directly from their system of record, and a detailed dashboard that provides cash flow insights. Users will also be able to gain more control over deliveries and enable collaboration on long-term purchase orders with Buyer Generated Delivery Scheduling, ensure optimal stock management and promote stronger supplier collaboration with Supplier Managed Inventory, and improve traceability and visibility into the consumption of consigned inventory with new features for both suppliers and customers. Enhancements also include Coupa Navi AI agents that give procurement and finance teams real-time insights, decision support and automation. Four new agents continue to build on the Coupa Navi agent portfolio to support buyers and suppliers. They include an analytics agent that provides visualizations and a more interactive way of exploring procurement data; a bid evaluation agent that compares bids and evaluates supplier responses; a request creation agent that converts unstructured attachments on a contract into actionable requisitions; and a knowledge agent that integrates into Coupa Sourcing Optimization.

iDenfy announces AI-generated KYB report feature

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Identity verification solutions provider iDenfy announced the launch of its latest AI feature, which is a unique KYB Company Report that automatically summarizes the most important data about the company that's being verified. iDenfy's clients can access the Business Verification section directly from their dashboard, which shows a full list of onboarded businesses, including basic details such as company name, registration date and country of origin. By clicking on the selected company and "generate AI report," users can receive specially designed information that provides a single-page summary of the corporate data. The report includes verified fields such as the company's registration number, tax identification number, legal form, date of incorporation, number of employees, operating and registration addresses, contact details, service description, and industry classification. Going deeper, the report also includes ownership structure and lists associated companies, individual shareholders, directors and other related entities. All this information is dynamically pulled and verified across trusted public and proprietary databases in real-time.

Orb launches "contract-to-cash" feature

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Revenue platform Orb announced Orb Contract-to-Cash, a new product that automates the contract-to-invoice workflow for enterprise deals. Users will no longer have to remodel contracts before billing could begin. Orb Contract-to-Cash flips the model. Instead of forcing structure upfront, finance can start with the contract itself. Users upload a signed contract PDF and Orb uses AI to pull the key billing terms automatically. After that, users add usage with a CSV if the deal has variable charges, and then they get invoice schedules automatically, which finance teams then review and send. Every invoice carries the approvals and history finance needs for accuracy and audit prep. Because it's built on Orb, users also get core finance features, including dunning, reporting, revenue recognition, ERP and tax integrations, so the close process can run without spreadsheets.

Grow unveils enhanced investment platform

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Finance solutions provider Grow has partnered with wealth management solutions provider InvestCloud to release its enhanced advisor and client platform. The platform features enhanced onboarding and account opening, dashboards providing client-centric insights and enhanced account management features that deliver a holistic view of client relationships, performance tracking and reporting, multi-fund switch functionality for rebalancing and portfolio adjustments, an enhanced product center with fund discovery and comparison tools tailored to customers' unique goals, plus expanded mutual fund trading options — from individual funds to regular savings plans.

Partnerships, integrations and M&A

Leapfin, an AI-powered revenue recognition platform, and Metronome, a monetization infrastructure solutions provider, announced a strategic partnership to help high-growth companies align billing, accounting and revenue recognition in real time. The partnership will combine Metronome's dynamic billing capabilities with Leapfin's auditable, AI-driven revenue data engine. … GRC solutions provider Ideagen announced the acquisition of SafetyStratus, a Texas-based provider of enterprise environmental, health and safety software. This acquisition adds advanced chemical management capabilities to Ideagen's EHS and quality management solutions and will allow the company to offer Ideagen Chemical Management as a specialized platform within and alongside its existing EHSQ portfolio.

Other news

Lease accounting solutions provider FinQuery announced a strategic growth investment from TA Associates, a private equity firm. As part of the transaction, members of FinQuery's leadership team will invest alongside TA, reinforcing continuity and a shared commitment to the company's next phase of growth. TA's majority investment will support FinQuery's expansion into new capabilities, continued product innovation and strategic growth initiatives, including opportunities to broaden the platform through both organic development and acquisitions. … ERP provider Sage announced the appointment of Gretchen O'Hara as EVP strategic partnerships and business development. In her new role, O'Hara will focus on scaling Sage's partner ecosystem, accelerating growth through new and existing business models, and unlocking opportunities for partners and customers by harnessing the power of AI and cloud innovation. O'Hara joins Sage from Splunk, a Cisco company, where she was vice president of worldwide channels and alliances. As Splunk's channel chief, she led the evolution of the global partner ecosystem and strategy, building alliances with hyperscalers and global systems integrators to support customers in hybrid and multi-cloud environments. … Finance automation solutions company Maximor announced a $9 million seed round to expand its finance automation platform — AI agents that plug into ERPs, payroll, billing and bank systems to take on the repetitive accounting work and produce audit-ready outputs by default. The round was led by Foundation Capital, with participation from Gaia Ventures (founded by SAP's former chief strategy officer) and Boldcap. Notable angels include Aravind Srinivas (CEO of Perplexity), Tien Tzuo (CEO of Zuora) and CFOs and finance leaders from Ramp, Gusto, Opendoor, MongoDB and the Big Four.