Tech news: Thomson Reuters launches AI tax compliance solution

Thomson Reuters launches AI tax compliance solution

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Thomson Reuters announced ONESOURCE Sales and Use Tax AI. It features an automated workflow that handles data transfer, validation and mapping while users maintain final review and sign-off; audit trails to provide transparency and documentation for automated decisions; access to more than 1,200 U.S. state, county and city signature-ready official returns; electronic filing support in 33 states plus Canada; and cloud-based access with automatic monthly content updates. ONESOURCE Sales and Use Tax AI is part of Thomson Reuters ONESOURCE+.

Emburse announces Invoice Tax Validation

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Expense management platform Emburse launched Invoice Tax Validation, a capability intended to help finance teams comply with emerging e-invoice and Continuous Transaction Control requirements. More than 90 countries around the world have implemented, or announced plans to implement, mandatory e-invoicing and tax validation frameworks known as Continuous Transaction Controls. These CTC mandates require invoices to be issued in XML, validated in real-time against local tax authority rules and digitally signed, authenticated, archived, and routed through certified exchanges like PEPPOL or SDI. Emburse's new solution enables invoices to be validated against local tax and technical requirements before entering the AP workflow, reducing risk and exceptions. It also offers automated invoice population, schema validation, digital signature support and clearance. Invoice Tax Validation is now available as an add-on to Emburse Invoice Enterprise.

TaxStatus releases tax prep checklist, tax return history

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TaxStatus, a tax data solution for financial professionals and their clients, introduced two productivity tools. The TaxStatus Tax Prep Checklist is a client-facing deliverable that advisors and tax professionals can share with clients to help them prepare to file their 2025 tax return. It identifies the specific documents and information a client needs by source and document type based on the individual's prior tax data so that the taxpayer doesn't have to try to identify what is needed. Instead of the typical general instructions to find W-2s, 1099s and other tax forms, the Tax Prep Checklist shows each specific tax document by category for each taxpayer that should be provided to the CPA by name. The source of the data is derived directly from the IRS through a digital consent process by the client. The other new product, Tax Return History, provides a year-by-year comparison of a client's historical 1040 tax returns, delivering every line from the IRS return transcript in a structured Excel format. The tool allows professionals to analyze trends, surface discrepancies, enhance tax planning and dive deep into tax data.

Insightsoftware releases virtual teammate for account reconciliation

Corporate finance solutions provider Insightsoftware introduced JustPerform Account Reconciliation, an AI-powered virtual teammate that completes reconciliations. Rather than only suggestion matches, JustPerform delivers completed reconciliations ready for approval. JustPerform delivers results in Excel-compatible formats. JustPerform's AI reconciliation agent, Isaac, handles the manual work while keeping humans in the loop. The solution also features executive dashboards and real-time close tracking to highlight bottlenecks before they impact deadlines.

Lili announces support for multi-employee small businesses, free online banking

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Lili, a business banking platform is targeting higher-revenue, multi-employee U.S. small businesses by making advanced business banking free, including $3 million FDIC insurance, up to a 4.00% annual percentage rate on savings, and seven-day customer support. The company's core plan now delivers full featured business banking with a $0 monthly fee.

Partnerships, integrations, M&A

Wolters Kluwer signed and completed the acquisition of StandardFusion, a provider of cloud-based governance, risk and compliance solutions based in Vancouver, Canada, for approximately €32 million ($37.1 million) in cash. StandardFusion will be integrated into Wolters Kluwer's TeamMate, a corporate performance and ESG audit and assurance platform, creating a unified solution for audit and GRC. … Value added reseller Net at Work announced the acquisition of Network Computer Solutions, a Kansas-based managed services provider that provides IT services to small and midsized businesses. As part of the acquisition, Net at Work purchased Nterfuse, a specialized software platform developed by NCS to support area agencies on services for the aging, health care providers and home health agencies. … Diligent, a governance, risk and compliance platform, has acquired 3rdRisk, an AI-native third-party risk management platform based in the Netherlands.

New hires and appointments

Acumatica, a cloud ERP provider, announced the appointment of Jon Pollock as chief product officer. In this role, Pollock will lead Acumatica's global product management and user experience organizations, overseeing product strategy, innovation and delivery across the company's cloud ERP platform. He will play a key role in advancing Acumatica's product vision and AI innovation strategy as well as supporting growth initiatives across its core industries, including construction, manufacturing, distribution, retail and professional services. Most recently, he served as CPO at Procare Solutions and general manager of Procare's ChildPlus division, leading product management, user experience, sales, marketing and customer support teams across childcare management SaaS, payments and early learning solutions. … Auditoria.AI, a corporate finance solutions provider, announced the appointment of Dean Harrigan to lead the company's U.K. office. This follows the establishment of a primary data center in London, supported by a secondary facility in Ireland. Formerly regional sales director and head of workday adaptive planning for EMEA, he has guided large-scale automation and digital transformation projects across the U.K. and EMEA. … Leaseweb, a cloud services and infrastructure as a service provider, announced the appointment of Bert Stam as managing director Netherlands. In his new role, Stam will lead the company's Dutch operations. Stam brings more than 30 years of leadership and sales management experience within international technology organizations. He joins Leaseweb from SoftwareOne, where he most recently served as general manager for its Netherlands business. As Leaseweb Netherlands managing director, Stam will focus on further strengthening the company's leading position in the Dutch market while supporting its wider global expansion.

Other news

Engaged Capital, an investment firm, plans to nominate a slate of director candidates to the board of accounting practice management solutions provider BlackLine in connection with the company's 2026 annual meeting. The slate includes Storm Duncan, founder and CEO of Ignatious; Christopher Hallenbeck, senior vice president and general manager of AI and platform at Boomi; Christopher Young, who was managing director and the first global head of contested situations at Jefferies; and Christopher Hetrick, who has served as director of research at engaged capital since co-founding the firm in 2012.