Tech news: Data Snipper's AI-powered document validator

October 18, 2024 10:32 AM

Data Snipper released an AI-powered document validator; TaxPlanIQ announced a one-day virtual summit; the IRS announced the availability of 18 online seminars; and other accounting tech news.

Data Snipper releases AI-powered document validator

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Audit and finance automation platform Data Snipper announced the launch of DocuMine, an AI-driven document validator. The solution enables auditors to mine, analyze and verify large volumes of documents in Excel. DocuMine will automatically validate critical data, shifting the effort from manually hunting for information to instant data verification. Users can ask specific questions and receive precise answers with references like relevant numbers, text, or sentences. It also offers the ability to work distraction-free in a dedicated window, and simultaneously interact with multiple documents.

TaxPlanIQ announces virtual summit

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Accounting firm-focused tax solutions provider TaxPlanIQ announced it is hosting a one-day free virtual summit entitled "Your Playbook for Building a Tax Planning Empire." It will take place Oct. 25, 2024 from 11 a.m.-5 p.m. ET and feature advisory leaders including Jackie Meyer, Anton Anderson, Jennifer Baker, and Danial Guarin. The summit agenda will directly address the impact of moving from transactional to advisory services; how to increase revenue without adding more clients; how to close a five-figure tax planning client in 30 days; how to implement strategies and realize tax savings for clients; seven advanced tax strategies for high-net-worth clients; a deep dive into cash balance plans; and how to price tax planning services using the ROI method. To register, please visit this link.

IRS puts 18 seminars online

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The IRS announced the launch of the 2024 Nationwide Tax Forum Online, providing tax professionals access to 18 seminars recorded at this year's IRS Nationwide Tax Forum. Each seminar features a 50-minute interactive video presentation synchronized with PowerPoint slides, downloadable resources and full transcripts. Tax professionals can earn continuing education credit for a fee of $29 per credit. Courses can also be reviewed for free. To access the seminars, tax pros need to either have or create an account on the IRS Nationwide Tax Forum Online website. Instructions can be found on the FAQs tab on the website.

LeaseCrunch offers webinar on automation

Lease accounting software provider LeaseCrunch will be offering an upcoming webinar "Automation Strategies for Transforming Your CPA Firm," scheduled for October 24 at 1:00 p.m. CDT. Presented by chief product officer Miguel Perez, the webinar will explore how leading CPA firms are using automation to transform operations, boost efficiency and stay ahead in an ever-evolving industry. For more information and to sign up for the webinar, please visit the LeaseCrunch website.

Partnerships and integrations

Payments solutions provider SumUp has partnered with accounting software platform Xero to enable its merchant customers to sync their sales history to Xero at no additional cost. … Pivot Payables Inc., a payments solution provider for corporate financial operations, announced a new integration with American Express that offers American Express U.S. business and corporate card members the ability to generate virtual cards within PivotLynx. It also allows virtual card spending controls to be individually applied. At statement closing, PivotLynx automates the reconciliation between the card statement and the general ledger, eliminating manual accounting steps.

Other news

Audit and finance automation platform Data Snipper announced the acquisition of AI-native UpLink, a cloud-based secure document request portal. UpLink is designed to identify insights from large volumes of client documents in order to facilitate document collection, review, and testing. … Accounting solutions provider Numeric announced it has closed a $28 million Series A funding round led by Menlo Ventures, just five months after raising $10 million in seed funding. The round also saw participation from new investors like IVP and Socii, alongside previous backers such as Founders Fund and Long Journey. … Accounting-focused cloud services provider Rightworks experienced a brief outage on Oct. 15. A spokesperson said only a very small percentage of its firms were affected, and they were back up quickly.