Tech News: Centime rolls out upgraded 2023 release

Tech News: Centime rolls out 2023 release

Published March 10, 2023 9:38 AM

Updated March 10, 2023 9:59 AM

1 Min Read

Centime rolled out an upgraded 2023 release; Clarus Solutions rebranded to Arvo Tech and added new leaders and upgrades; E&Y is working with IBM on ESG; and other accounting technology news.

Centime rolls out 2023 release

Cash management solutions provider Centime announced the release of the upgraded 2023 version of its Cash Management Suite. Features include cash forecasting, which automatically creates and continuously updates a rolling 13-week cash forecast; accounts payable and receivable automation; access to CentimeCredit, an embedded unsecured line of credit designed to meet short-term cash needs; and KPI tracking and monitoring, giving insights into things like cash flow, cash burn, and runway. Also included are KPIs specific to AP and AR performance. The Centime Cash Management suite can be purchased directly from the company or from select financial institutions and referral partners

E&Y working with IBM on ESG

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Big Four firm E&Y and IBM have embarked on a global strategic partnership to focus on environmental, social and governance solutions that help organizations accelerate business transformation with value-led sustainability. The two companies hope to help clients manage ESG matters as well as work together to build business strategies that demonstrate the positive correlation between purpose and financial performance. Further, they plan to integrate their technologies to help address the complexities of ESG data volume and types, as well as customer hybrid IT preferences. Collaborative offerings are planned to include Scope 3 greenhouse gas emissions accounting and management, ESG managed services, and the EY Sustainable Enterprise Asset Management tool for Scope 1, 2 and 3 carbon capture, analysis and decision support. This work builds on the EY organization and IBM's ongoing collaboration including the recent launch of Talent Center of Excellence and the EY-IBM Center of Excellence for Financial Services. More information on the EY-IBM Alliance can be found here.

Clarus Solutions rebrands

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The employment tax credit platform formerly known as Clarus Solutions has rebranded and now styles itself Arvo Tech, which was seen to be more reflective of the company's mission, as Arvo means "value" in Finnish, and its technology platform helps to streamline reporting with real-time access to tax credit information. Further, Arvo has also appointed seasoned startup technology executive and product-engineering leader Todd Fox as its new vice president of engineering. Further, recent enhancements to the company's online portal allows users to more easily determine eligibility for the Work Opportunity Tax Credit, as well as track the amounts they receive in real-time.

Partnerships and integrations

CoinTracker, a cryptocurrency accounting and tax platform, announced it has partnered with tax prep chain H&R Block for the 2023 tax season, so users will no longer have to copy and paste crypto transactions from Form 8949 as part of their online tax filing process. Now, all rows from Form 8949 will be automatically entered within H&R Block Online when the user's account is connected to CoinTracker. The partnership also enables H&R Block to offer customers a free CoinTracker tax plan for those with fewer than 25 crypto transactions; a 10% discount on CoinTracker tax plans for those with more than 25 crypto transactions; and a 20% discount on H&R Block online products for CoinTracker users. … AvidXchange, an AP automation solutions provider, announced a new referral partnership with KeyStone by Corelation Inc., which does core processing for credit unions. This allows AvidXchange to offer AvidAscend, its invoice-to-pay software solution, to Corelation's 190-plus top credit union customers. … Corporate finance solutions provider Rho announced that Sage Intacct and Microsoft Dynamics 365 Business Central native integrations are now available to Rho customers, joining its existing QuickBooks Online and NetSuite connection options. … Lease accounting solutions company

LeaseCrunch LLC

and accounting and consulting firm association Allinial Global announced a strategic partnership. Allinial Global members now have access to LeaseCrunch's automated lease accounting software. … ESG Book, a sustainability data and technology company, announced a strategic partnership with BDO Sunghyun Korea. The partnership will provide BDO Sunghyun's clients with access to ESG Book's comprehensive data solutions covering over 50,000 corporates, including ESG and climate data, company-level and portfolio-level scores, and analytics tools. … Accounting and finance platform Bill announced a new partnership with BMO Harris Bank to offer "BMO BILL Connect" that will give small and midsized entities access to end-to-end accounts payable and accounts receivable services.

Other news

Technology and business consultancy Net at Work announced it has acquired Innovation ERP, a Sage X3 and Sage 300 consulting firm. The Innovation ERP team will become part of Net at Work, assuring their clients of a seamless transition and the uninterrupted delivery of services and support. … Growfin, a SaaS fintech platform specializing in collections and cash flow efficiency, announced $7.5M in Series A funding, led by Singapore's SWC Global, with participation from existing investors 3one4 Capital and angels including CFOs and other industry leaders. … DocuPhase, a leading provider of business process and accounting automation, document management, data capture, and payments technologies, announced it has acquired iPayables, an enterprise solution for AP automation and supplier management solutions. DocuPhase will also supplement existing features for iPayables by introducing document management, web forms, payment processing and workflow automation technologies to their solution suite. … Tax solutions provider Avalara said its products have been recognized by G2's 2023 Best Software Awards in the Best Accounting and Finance Products category.