Tags: Accounting

Sage buys cloud accounting software firm Intacct

Sage has surprised the market by announcing the acquisition of Intacct Corporation for a total amount of $850million (£654million). The transaction will see Sage boost its presence in the enterprise market with the acquisition of the cloud software company. Did Sage pay too much? Besides the fact that this deal was kept very quiet until…

FinancialForce to expand development teams

FinancialForce has announced a major expansion of its Granada office. The company bases much of its R&D in the Spanish city and will grow the number of employees there significantly. There are already 17 jobs available in the office which has more than 50 employees. While FinancialForce did not want to reveal the exact numbers the…

Sage opens up Start-up exchange competition for North East

Sage has announced a new competition for start-ups that will see the winners win a visit to Atlanta. Oddly while the press release talks about an exchange programme, there was no announcement visible about a similar competition in Atlanta. Not completely open Interestingly, the competition is not completely open to any start-up. Sage wants the…

Receipt Bank banks $50 million

Receipt Bank has raised US $50 million in a Series B funding round led by Insight Venture Partners. The announcement came in a blog by Henry Bell, content manager at Receipt Bank. Receipt Bank provides bookkeeping automation software and provides integrations to most of the major accounting solutions for small businesses. Its core features include…

FreshBooks boosted by funding round

FreshBooks has announced the completion of a Series B funding round. They raised US $43 million with an investment led by their previous minority vendor Georgian Partners. Other investors in the round included Accomplice and Oak Investment Partners, who led the Series A funding in 2014. As part of the agreement Simon Chong, managing partner…

Humanitarian aid experiments with blockchain

Start Network is partnering with Disberse in a social enterprise start up. Their aims are to: test blockchain in the delivery of humanitarian finance harness the potentially revolutionary potential of the technology that enabled the Bitcoin.. Ben Joakim, CEO and co-founder of Disberse said: “Disberse was born from an ambition to preserve and improve the…

Xero moves closer to profit

Xero was able to celebrate several milestones at its hybrid annual shareholder conference this year. Rod Drury, CEO was able to speak about Xero’s climb up both the New Zealand (NZX:XRO) and Australian (ASX:XRO) stock exchanges to become one of the leading technology companies within Australia. More importantly, at least for shareholders, he shared that…

Intuit announces competition for firm of the future

Intuit has launched a competition to find the accounting firm of the future. Cloud vendors are delivering increasingly sophisticated cloud accounting solutions. With embedded machine learning and the ability for accountants to oversee their client in real time the traditional roles are changing. Automation of expenses means that less time is spent by accountants checking…

Intacct and OANDA extend FX data partnership

Intacct and OANDA have extended their partnership regarding foreign exchange data services. The terms of the new agreement renew use of OANDA’s Exchange Rates API. It solidifies Intacct’s use of OANDAs Exchange Rates as the default ones used across Intacct’s cloud’s ERP system. Craig Stack, CFO of ProKarma, a global IT solutions company said: “One…

Sage’s proclaims 5 core principles for AI

Sage calls on the global tech community to take responsibility for the ethical development of Artificial Intelligence (AI) in business. Kriti Sharma, Sage VP of AI and Bots, shared: ‘The Ethics of Code’: Developing AI for Business with Five Core Principles’. These five core principles for AI represent a set of values that Sage believes the…