Tech News: Stripe launches revenue and finance automation suite

Tech News: Stripe launches finance automation suite

Published April 28, 2023 10:17 AM

Updated April 28, 2023 11:40 AM

1 Min Read

Stripe launches revenue and finance automation suite; Quadient launches AI-based cash application module; Metapraxis launches budgeting platform; and other accounting tech news.

Stripe launches automation suite

Stripe, a financial infrastructure business platform, launched its revenue and finance automation suite to help teams deal with costly manual financial processes like quarterly reporting, recurring revenue management and tax. Features include an updated Stripe Tax API that lets businesses manage taxes on transactions, including those not processed by Stripe (available in over 40 countries). New revenue reporting gives finance leaders a snapshot of key financial metrics, including monthly recurring revenue, customer growth by activity and revenue by product. Other features include automated accounting statements for cash-accounting businesses; updates to Stripe Billing that help sales-negotiated businesses manage recurring revenue, including the ability to set subscription schedules in the Stripe Dashboard, model various trial and pricing periods, and automate those changes over time; and no-code revenue recovery and retention automations, which allow finance teams to create customized triggers and actions such as receiving notifications that an invoice is overdue.

Quadient launches AI-based cash module

Quadient, which makes business automation software, introduced an Advanced Cash Application module for its Intelligent Communication Automation SaaS platform. The new AI-based module in Quadient Accounts Receivable by YayPay offers capabilities ranging from credit and collections management, payments, dispute management, business intelligence and analytics, invoicing, multichannel electronic and print delivery, and cash application. In instances where a payment has been received but the customer has not been identified, the software's machine learning engine will automatically consider data — such as the type of payment, the amount and any remittance data — to provide to a suggested customer. At that point, the AR team can review the transaction and approve it, removing it from payment reminder workflows to avoid overcommunication.

Metapraxis launches budgeting platform

Metapraxis, a financial reporting and analysis platform, announced the availability of a Budgeting Calculator to help enterprise FP&A teams make the business case for budgeting process automation. The calculator enables FP&A teams to understand the financial cost of a predominantly manual process versus adopting dedicated budgeting software and is available here.

Other news

Drake Software, which offers tax and accounting solutions, has been named the recipient of the CPA Practice Advisor Readers' Choice Awards in eight categories. It won the awards for Tax Preparation Software, Tax Planning Systems, 1099/W-2 Preparation, Document Management and Storage, Client Portals for Firms, Website Builders, CPE Provider, and ASP/Hosted Solution Providers. … Digital asset accounting platform Bitwave has acquired crypto-focused accounting news and CPE provider Multisig Media. With the acquisition, the Triple Entry newsletter will continue its coverage of the Web3 accounting and finance space with content designed for crypto accountants. More opportunities for accountants to earn CPE credits are coming soon. … Chargebacks 911, an SaaS platform focused on chargeback management, announced Monica Eaton will transition to CEO. Gary Cardone, who has been CEO for the past 10 years, will depart the management team and plans to pursue strategic investments during his retirement. … Cloud-based tax software provider Avalara announced its cross-border compliance solutions now support eBay International Shipping. eBay International Shipping now leverages Avalara software natively to determine Harmonized System (HS) commodity classification codes, identify item-level trade restrictions, and generate landed cost pricing for more than 200 million items hosted on eBay, and sold to more than 200 countries. … Quadient, which makes business automation software, announced that its accounts payable automation solution, Quadient Accounts Payable (AP)

Beanworks, is now connected to Sage 100. The integration with Sage 100 gives Quadient AP features like import and integration of supplier data, integrated management of approval cycles and allocation of expenses to different departments within the company. Combined with Sage 100, Quadient's accounts payable automation solution also complies with European regulations and is ready for the electronic invoicing law that will be enforced in France in 2024.