Tech News: Piere targets departing Mint customers

A new financial management app called Piere launched this week, which allows users to bring all their banking and financial accounts into a single application, and create a budget in two taps. Instead of building a monthly budget from scratch, Piere will analyze users' past saving, spending, investing and transactions and then recommend a complete budget customized to the user and their goals. The app also allows users to link, track and manage things like credit cards, loans, savings and 401K accounts directly. They can add current account balances and account histories from every institution as soon as they launch the app. Piere is SOC II Type 2 certified. Piere also said that users of financial apps like Mint, which parent company Intuit has stopped supporting (see previous story), can migrate their transaction history and custom categories into the app versus starting from scratch.

Expense management solutions provider Expensify launched a new budgeting tool that lets admins set budgets either monthly or annually for their companies as a whole or for individual teams, departments, or employees. It also notifies both individuals and their admins how much of their budget remains throughout a given period, minimizing any surprises that may arise from overspending. The feature brings visibility to what percentage of a budget has already been spent, so if, for example, someone hits 50% of their budget and they're not already halfway through the year, they can anticipate spend more accurately and make informed decisions about what remains. While the tool won't prevent anyone from spending over budget, it aims to help employees feel responsible for keeping their expenses reasonable and help administrators feel comfortable trusting employees with company money. 

Tax planning solutions provider Corvee announced  a three-day Artificial Intelligence Tax Team Bootcamp. This event aims to provide guidance to firms on seamlessly transitioning from tax compliance to advisory through the use of AI. Scheduled to take place Jan. 10-12, 2024, at the Hilton Miami Downtown, the bootcamp will feature leaders in the accounting industry like Canopy Tax, Karbon, Corvee and Instead. It will cover AI's impact on the future of the tax industry; Every step needed to master tax positions for clients like Augusta rule, R&D credits, depreciation and more;  AI programs revolutionizing day-to-day tasks for firms; Deep dives into industry-leading AI technologies from Karbon and CanopyTax; Staff training for the transition from compliance to advisory services; Step-by-step implementation of new AI applications; Organization structures to deliver on core and advanced tax strategies; Training and monitoring your staff to shift into an advisory model; Technology stack needed to deliver services and support staff; and Onboarding to set the right expectations with clients on the first call.