Tech news: Marcum acquires CLA's Enhanced Managed Services division

Published June 7, 2024 10:31 AM

Updated June 7, 2024 10:59 AM

1 Min Read

Marcum acquires CLA's Enhanced Managed Services division; Vertex consolidates Accelerator and Chain Flow Accelerator into single solution; and other accounting tech news.

Marcum acquires CLA’s Enhanced Managed Services division

Marcum Technology, the tech arm of Top 25 firm Marcum, announced its acquisition of the IT Enhanced Managed Services division of Top 10 firm CliftonLarsonAllen. The acquisition expands Marcum's own IT Enhanced Managed Services by providing access to CLA's portfolio of consulting and outsourcing services, as well as adding expertise in both the health care and banking industries. The acquisition expands Marcum Technology's ability to offer solutions, such as business continuity and disaster recovery planning, cybersecurity, and technology advisory and strategy. Former CLA team members, led by Tim McFarland, vice president of managed IT services, have already joined Marcum Technology as of the beginning of this month. The financial terms of the deal were not disclosed.

Vertex consolidates Accelerator and Chain Flow Accelerator into single solution

Tax technology solutions provider Vertex launched Accelerator+ for SAP ERP, a tax management tool that combines the features of Vertex Accelerator and Vertex Chain Flow Accelerator into a single consolidated global solution, unifying setup, configuration, reporting and tax management for global and domestic needs. It provides a common SAP menu to support multiple tax types and integration approaches. Improvements to Accelerator+ align the product more closely with SAP's development strategy for cloud readiness. Accelerator+ enhances SAP's support for U.S. companies in chain transactions and enables North American entities to calculate VAT, as well as foreign entities to calculate U.S. and Canadian taxes. All key features of Vertex Accelerator and Vertex Chain Flow Accelerator are present in Vertex Accelerator+ for SAP ERP. This includes centralized management, simplified data field mapping, tax code management, precise tax jurisdiction identification, queue maintenance tool, reporting, enhanced VAT chain flow mapping, visualized chain flow process and scalable options for VAT determination.

Recurly and Redfast partner on subscriber retention solution

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Subscription management and billing platform Recurly partnered with Redfast, a subscriber personalization and engagement solutions provider, to create a lifecycle engagement tool that drives personalized in-app experiences to keep subscribers engaged and increase brand loyalty. The solution allows users to predict subscribers who are likely to cancel and create personalized cancellation flows to save them. One-click calls to action automatically make changes to subscriptions in Recurly (i.e. add-ons, pause, change plans, apply coupons). Other features include personalized onboarding of new users; and real-time prompts based on actions and segments across desktop and mobile web, iOS, Android, Apple TV, Roku, Fire TV and Samsung TV. Users can A/B test variations to drive conversions and optimize revenue; and prompt customers at various phases, from acquisition to renewal, upgrading and cancellation.

Insightsoftware acquires Fiplana, FXLoader

Insightsoftware, a financial analytics technology provider, plans to acquire Fiplana, a Qlik financial planning and analysis software solution that facilitates direct data editing, process planning and cost management. With this deal, insightsoftware will deepen its operational planning, reporting and analytics capabilities within the Qlik ecosystem. It will also complement insightsoftware's products. Insightsoftware also announced the acquisition of FXLoader, a U.K.-based provider of automated exchange rate loading software for enterprise resource planning systems. FXLoader integrates with ERP systems including Oracle Fusion ERP Cloud, Workday and SAP to automate the calculations required for multicurrency accounting.

Avalara announces return of Avalara Crush

Tax software provider Avalara announced the return of its Avalara Crush customer event. The seventh annual conference will take place November 11–14, 2024, in Austin, Texas. Attendees will hear about the latest in automation and AI, learn how to get the most out of Avalara solutions, network with peers, and more. Topics for keynotes, sessions and activities include: AI and how Avalara is applying the technology today; shifts in tax policy and the tax landscape; details on new products and features, as well as strategic partnerships designed to streamline tax compliance; and how Avalara is enhancing the customer experience — and what it means for businesses.

Partnerships and integrations

Digital asset tax platform Ledgible announced that its Digital Asset Tax solution is now available on BitMart Exchange, a centralized exchange that provides crypto asset trading and investment services. … Corcentric, a global provider of procurement and finance solutions, announced that LDSK, a provider of adaptive out-of-home advertising scheduling solutions, has selected its Managed Accounts Receivable services to help the organization expand globally.

Other news

Agora, a real estate investment management platform, was named the best FinTech Solution of 2024 at the annual SIIA CODiE Awards. The CODiE Awards recognize the companies producing the most innovative business technology products across the country and around the world. … Certinia, a cloud ERP software provider, announced the appointment of Raju Malhotra as chief product and technology officer. He joins the company most recently from PAR Technology, a global provider of B2B SaaS solutions for the restaurant and retail industries, where he served as chief product and technology officer. Prior to this role, he was senior vice president and general manager for marketing cloud at Salesforce, where he led the development of the company's Customer Data Platform.