Tech News: New AuditBoard solution focused on IT risk management

Published July 28, 2023 9:00 AM

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Updated August 1, 2023 9:46 AM

1 Min Read

New AuditBoard solution focused on IT risk management; KPMG deepens relationship with Service Now; and other news and updates from the accounting technology arena.

New AuditBoard solution focused on IT risk management

Auditing solutions company AuditBoard released AuditBoard ITRM, an IT Risk Management solution. Aimed at chief information security officers, it enables collaboration between IT security and other business functions, business impact assessments, remediation of identified issues and reporting of IT risks in financial terms to the CFO and board.

KPMG deepens relationship with Service Now

The offices of KPMG LLP in the Canary Wharf business and shopping district in London

Simon Dawson/Bloomberg

Big Four firm KPMG is deepening an existing alliance with workflow automation solutions provider Service Now. The joint effort combines the experience of KPMG professionals with ServiceNow's recently announced AI-powered Finance and Supply Chain Workflows. KPMG will use the new workflows to improve its processes and employee experience. In turn, ServiceNow will leverage KPMG's advisory expertise to optimize operations within its own finance organization. Together they will focus on intelligent automation, generative AI, low-code development tools and enterprise risk management.

Mastercard Receivables Manager supports virtual card payments

Mastercard launched a Mastercard Receivables Manager product to provide support for virtual card payments, complementing the company's existing virtual card platform. The new solution consolidates virtual card payments from all issuers so remittance data can be automatically matched with open invoices, and formatted in a way that's compatible with supplier ERP systems. Mastercard has partnered with Billtrust, a B2B order-to-cash software and digital payments provider, to deliver its latest commercial solution. Mastercard Receivables Manager is currently available for U.S.-based customers, with availability expanding to several other markets later this year.

AICPA and CIMA release guide on accounting for climate resilience

The AICPA & CIMA released Accounting for Climate Resilience — an online educational brief designed to help finance professionals build their sustainability literacy so they can lead and support the journeys of their organizations, firms and clients as they adapt business models and operations in response to increasing climate-related risks. The resource's launch highlights the important role professional accountants have to play in this context. This guide is the last in a series of four interactive "Accounting for" briefs focused on sustainability and business. The others include: Accounting for the Sustainable Development Goals; Accounting for Carbon; and Accounting for Nature. Their aim is to help organizations consider sustainability issues, guide how to integrate sustainability into their long-term decision-making, and incorporate these issues into internal and external reporting.

Surgent releases five new CPE courses

Surgent Accounting & Financial Education, an accounting education provider, introduced five continuing professional education courses that center around contemporary topics. Each CPE course will debut with a live webinar and then be made available for on-demand learning. The new units, along with the dates of their live webinars, include: Supreme Court Student Loan Decision and Developing Opportunities for Finance and Accounting Professionals (July 25); Building Your Personal Brand (July 31); Guide to the Corporate Transparency Act for Accounting and Finance Professionals (Aug. 3); Did I Pick the Right Major? Selecting Major Programs in a Single Audit (Aug. 4); and Engagement and Client Retention Best Practices (Aug. 29).

Certinia agrees to be acquired by Haveli Investments

Certinia, formerly FinancialForce, has agreed to be acquired by Texas-based technology-focused private equity firm Haveli Investments. Certinia's services-as-a-business platform includes Professional Services Automation, Customer Success, Services CPQ, ERP and FP&A solutions. Haveli will fund the transaction from Haveli Investments Software Fund I L.P., with participation from partners including General Atlantic, a global growth equity firm. Salesforce will continue to be shareholder in Certinia. The transaction is expected to close in August.

Wolters Kluwer adds ESG standards to TeamMate+

Wolters Kluwer HQ

Business software company Wolters Kluwer has added ESG standards, tailored to support internal audit workflow and practices, to its TeamMate+ global audit expert solution portfolio. By enabling access to ESG reporting standards and frameworks, such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), EU Taxonomy, and the Task Force on Climate-related Financial Disclosures (TCFD), within the TeamMate+ environment, auditors are able to accelerate ESG audits to lead assurance efforts for corporate ESG reporting.

Justworks launches Expenses solution

Expense claim form grunge concept

Picasa/alexskopje - stock.adobe.com

Small business software provider Justworks rolled out its new Expenses solution for Justworks PEO customers. It consolidates several tools already used for reimbursing out of pocket expenses, combining documentation and payment in one centralized place. Further, admins can set up approval workflows and custom rules, employees can easily create expenses on the go with the Justworks mobile app (complete with taking pictures of receipts so that nothing gets lost) and business leaders can gain financial insights by categorizing and analyzing expenses alongside payroll data.

Expenses will be available to Justworks PEO customers starting July 24, 2023 (both on the Basic and Plus plans) at no additional cost. Only W-2 employees on the Justworks PEO can use Expenses at launch.

Other News

Origami, a client intelligence platform for law and accounting firms, appointed Dan Wales to the newly created role of head of growth. In this position, Wales will shape the company's strategic direction and accelerate its go-to-market strategy. ... Ledgible, a cryptocurrency focused accounting software provider, has partnered with Security Token Advisors Group, an advisory firm in the security tokens industry. By joining forces, Ledgible and Security Token Advisors are offering a solution for digital asset management, tax planning, accounting and tokenization to help clients streamline operations, improve transparency and mitigate regulatory risks in digital assets. … Accounting and advisory firm Crowe LLP announced a strategic alliance with FloQast, a provider of accounting workflow automation software. The alliance will leverage Crowe's expertise and national presence to offer implementation and integration of FloQast's software to clients across multiple industries. … Finicast, a SaaS enterprise collaborative planning platform, raised $12.8 million in seed funding, led by Celesta Capital, furthering the company's collaborative planning platform and go-to-market strategy. … Payment solutions provider Helcim will now offer ACH bank transfers by integrating its app with the small business platform, Xero, replacing traditional payment methods like checks and wire transfers. The service's rate it 0.5% + 25 cents, capped at $6.