Close management software provider FloQast has updated the visualizations in its Close Analytics solution. First released last year, Close Analytics provides controllers a real-time view of the status of their current close process, along with tools to identify ways to improve future closes. The latest release adds new smart analytics capabilities, including pace line visualizations, which show the pace of how the close for each entity is progressing versus cumulative deadlines set. This is meant to give an instant view of the overall close status, information on how the finance team is progressing, and the ability to know whether the close is on track or if adjustments are needed to close on time. Along with new visualizations, the latest release also includes retrospective and close trend views, an all entities view, and filtered views for certain folders, checklist items and reconciliations.

IntelliChief update includes AI-driven document type identification capabilities

IntelliChief, which makes automated document management and workflow enterprise content management solutions, has updated its flagship product, IntelliChief ECM Capture Enterprise. The aim is to reduce transaction document management costs. The most significant update, according to company representative Tim Nissen, is the identification of document type by a combination of pattern matching, key word and rules-based data location—in other words, artificial intelligence. There is no template setup required, as IntelliChief ECM Capture Enterprise learns new document types as it goes. According to the company, the product reduces costs by automating capture and extracting key project and transactional information, validating and verifying it with system records for accuracy, then enabling archival and process-mapped workflow with IntelliChief ECM.

Vertex’s Cloud Indirect Tax solution passes SOC 2 Type 2 audit

Vertex’s Cloud Indirect Tax solution has completed a Service Organization Control (SOC) 2 Type 2 examination. The audit process gives the stamp of approval that Vertex Cloud’s information security practices, policies, procedures and operations meet the SOC 2 standards for security. “As companies use outside vendors to perform core business activities, there is a need for more security and trust specifically regarding cloud service providers,” said Jen Kurtz, Vertex’s chief technology officer, in a statement. “Obtaining the SOC 2 reinforces our commitment to the integrity of our services, showing customers that we are accountable, responsible and transparent.”

The American Institute of CPAs provides insight into SOC 2 compliance here.

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