Tech news: Certinia stresses automation and analysis

April 19, 2024 10:15 AM

Certinia stresses automation and analysis in latest release; LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.

Certinia stresses automation and analysis

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Service-based business platform Certinia added new capacities for analysis and automation in its latest release, many of which are driven by AI. Through Services CPQ, users can analyze estimates, identify areas of risk, and make adjustments in order to better scope projects. Via new enhancements to Work Planner, users now have the ability to pivot between hours and percentages, as well as use new filters for matching resources based on skills and distance. The work planner sports an updated resource request feature that enables resource managers to visualize future assignments and consider capacity and scheduling needs at the point of assignment. Users can view resource schedules and overviews of key performance indicators through Gantt charts. The platform now has automated billing event splits, allowing project managers to continue billing up to a predefined cap and split the remaining amount. Project costs can be split and attached to milestones allocated to specific budgets. The upgraded platform also allows mass actions for cash entry and flexible cash matching, and includes user interface enhancements to simplify the process of replacing users in accounting playbook records. Through the company's partnership with Envestnet, accounting teams can import bank statements directly from their bank accounts for bank reconciliation. Lastly, early adopters of AP Automation can access automated rule-based processes for recording and approving vendor invoices. The new release introduces the ability to provide report-level commentary within the Report Builder. For additional release details and resources, check out the Release Hub on Certinia Community.

LeaseCrunch announces webinar on lease changes and remeasurements

LeaseCrunch, a lease accounting software company, will be holding a webinar on "Day 2 Lease Accounting: Managing Lease Changes and Remeasurements" on April 24 at 1:00 p.m. CDT. The webinar will be presented by Jess Vento, senior director of accounting at LeaseCrunch, and will explore techniques for managing lease changes and remeasurements within the framework of ASC 842. Attendees will dive into practical techniques and strategies for handling lease modifications effectively, learn from real-life scenarios and case studies to grasp the application of ASC 842 in managing lease changes, and receive guidance and insights on navigating lease modifications within the ASC 842 framework.

AAA launches Impact Hub

IIRC CEO Richard Howitt speaking at the American Accounting Association conference

The American Accounting Association debuted the AAA Impact Hub, an online repository that includes actionable research published in the AAA's 17 peer-reviewed journals. The AAA will primarily focus on offering plain language summaries and infographics around research that has been identified as having relevance to practitioners. Partnering with the AAA is Lead Marvels, which built the Impact Hub using its proprietary online library platform.

Partnerships and integrations

B2B payments solutions provider Paystand has brought full payments integration to Microsoft Dynamics 365 Business Central. Paystand will support Dynamics NAV, GP and AX and Dynamics 365 Finance. It has also established a partnership with independent software vendor ERP Connect Consulting to jointly provide customers with access to ERPCC's Financial Dashboard and Invoice & Statement Delivery. … Tax software provider Corvee has integrated depreciation and amortization tax savings strategies into Instead and Instead Pro, allowing users to compare depreciation methods, accelerate depreciation when planning to sell assets and visualize savings of different depreciation options over a multiyear period.

New hires and appointments

Accounting solutions provider Wolters Kluwer appointed Atul Dubey as general manager of its Finance, Risk and Regulatory Reporting business, part of its Corporate Performance & ESG division. The company also said that Suzanne Konstance will succeed Dubey as general manager of Wolters Kluwer Legal & Regulatory U.S., part of the company's Legal & Regulatory division, effective May 1. … Audit and risk management solutions provider AuditBoard has brought on public SaaS company veteran Jeff Harper as chief human resources officer. In addition, AuditBoard has appointed two internal leaders to new senior positions to support the next phase of growth and expansion for the business, naming Anthony Plachy as general counsel and Richard Marcus as chief information security officer.

Other news

Tax software provider TaxDome has successfully completed its System and Organization Controls 2 Type I attestation for security. TaxDome underwent an independent audit, conducted with the assistance of Strike Graph, which verified that the company's controls related to information security practices, policies, procedures and operations meet the SOC 2 standards for security set forth by the American Institute of CPAs. … Spend management solutions provider Ramp has raised $150 million in a Series D-2 round, led by marquee investors Khosla Ventures and Founders Fund, alongside new investments from Sequoia Capital, Greylock and 8VC. The raise values the company at $7.65 billion.