Cloud accounting software provider Wave Accounting has secured $12 million in venture capital financing, with plans to establish a physical U.S. presence and enhance the product for its core market of freelancers, entrepreneurs, sole proprietors and small business owners.

Sage North America today introduced Sage One U.S., its first pure SaaS-based entry-level accounting and business management product for the U.S. market.

NetSuite chief executive Zach Nelson wasted no time during his opening keynote address at the SuiteWorld partner and user conference Tuesday in announcing four large distribution partners—three of which are accounting firms—and added functionality to the cloud-based ERP and eCommerce platform.

Cloud-based workflow management software provider XCM Solutions plans to re-launch its marketing Web site to commemorate its 10-year anniversary next week.

Travel and expense management service provider Concur has partnered with business productivity software developer Abukai Inc., which will enable users to create expense entries utilizing photo receipts from their mobile devices.

Cloud accounting and financial technology provider FinancialForce.com has teamed up with customer relationship management data integration provider Scribe to connect FinancialForce.com’s billing application with legacy, on-premises-based enterprise resource planning systems.

Sage North America has partnered with cloud-based sales tax automation service provider Avalara to form the Accountants Resource Center for Sage Accountants Network members.

CliftonLarsonAllen has joined the partner channel of cloud-based social CRM and association management software vendor Avectra, with the goal of offering associations and not-for-profits a combined solution of Avectra's Social CRM and Intacct cloud financial management and accounting software.

The Tax & Accounting business was one of the best-performing units at Thomson Reuters, according to the company’s first-quarter financial results.

CCH plans to integrate ProSystem fx Engagement and ProSystem fx Knowledge Coach with Microsoft SQL Server 2012.

New River Innovation has released Beyond415 version 2.2, the latest version of its flagship software for post-filing issues, which includes an updated interface, client gateway, expandability and additional reporting features.

Everyone hates paying sales and use taxes, but software can help

A roundup of news in technology.

CPAs make a case (or four) for customer relationship management

A roundup of reseller-related news.

The parallels between electricity and computing

Accounting Today is currently accepting submissions for its prestigious VAR 100 list, which ranks the top value-added resellers of accounting and accounting-related software by revenue.

Travel and expense management service provider Concur has renamed its Concur Breeze product and added a new dashboard-like home page and several time-saving features.

Epicor Software Corp. has released Epicor Cash Collect, a cloud and on premises-based extension of the accounts receivable module in Epicor enterprise resource planning software, designed to help streamline and automate accounts receivable, credit and collections activities.

Intuit saw an 11 percent increase in per-unit sales of its TurboTax Online product.