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Date – 13-Aug-2024 Proven Optics Enhances Cloud Financial Management with Acquisition of AI-Driven Analytics Platform CloudGenera Proven Optics, a leading provider of IT Financial Management solutions, has announced its acquisition of CloudGenera, known for its cutting-edge cloud financial optimization solutions. This strategic move advances Proven Optics’ mission to build the most comprehensive IT financial management platform in the industry. The CloudGenera acquisition marks the beginning of a series of anticipated expansions, supported by a majority growth investment from Silversmith Capital Partners and strategic backing from ServiceNow. “By joining forces, Proven Optics and CloudGenera will offer a more comprehensive solution, equipping our customers with enhanced IT decision analysis capabilities to build compelling business cases for cloud migration and optimization.” CloudGenera provides vendor-agnostic IT analytics that help organizations build robust business cases for optimizing technology expenditures. Utilizing advanced AI and machine learning, CloudGenera automates decisions on application migration and modernization, significantly enhancing the accuracy of cloud cost forecasts and improving IT decision-making processes. “Acquiring CloudGenera represents a major milestone for Proven Optics as we expand our cloud costing capabilities,” said William Miller, Founding Partner & Co-CEO of Proven Optics. “This partnership will enable us to offer a more comprehensive solution, enhancing our customers’ IT decision-making with advanced tools to build business cases for cloud migration and optimization.” Founded in 2020, Proven Optics aims to empower IT and finance leaders with analytics and insights to improve business decisions by automating complex IT budget management. Available on the ServiceNow Platform and through the ServiceNow Store, the Proven Optics Financial Management Application Suite adds a financial perspective to decision-making for ServiceNow users. The acquisition boosts the value Proven Optics delivers to its customers by integrating CloudGenera’s advanced AI and machine learning capabilities, enhancing cloud orchestration and budgeting decisions. This unified solution allows IT finance and cloud teams to manage their entire process within a single workflow, fully leveraging the ServiceNow platform. “We’re thrilled to collaborate with Bill, Ben, and the Proven Optics team,” said Brian Kelly, Founder and CEO of CloudGenera, who will join Proven Optics as Executive Vice President of Product. “This partnership will equip our customers with a robust set of tools to optimize IT value and enable smarter decisions across their cloud infrastructure.”

Date – 13-Aug-2024 Seasoned Product Development Executive Joins Leading B2B Order-to-Cash and Digital Payments Industry Leader Billtrust Appoints Corrie DeCamp as Chief Product Officer Billtrust, a leader in B2B order-to-cash and digital payments, has announced the appointment of Corrie DeCamp as its new Chief Product Officer. With over 30 years of experience in managing enterprise solutions, DeCamp will oversee Billtrust’s product strategy and vision, reporting directly to Chief Technology Officer Joe Eng. DeCamp’s arrival at Billtrust comes at a critical time as finance leaders navigate economic challenges by modernizing their operations with AI-driven accounts receivable automation and digital payments. Billtrust has recently introduced generative AI capabilities, empowering finance professionals to make strategic decisions and engage customers more effectively. “Corrie is an exceptional leader with unmatched expertise in developing high-impact enterprise solutions and guiding high-performing teams,” said Joe Eng, CTO of Billtrust. “We are excited to see the contributions she will bring as we continue to innovate and deliver significant results for our customers through Billtrust’s unified AR platform.” “I am honored to join the leadership team at Billtrust and look forward to collaborating with our customers to harness the power of generative AI, optimize B2B payments, digitize accounts receivable, and provide exceptional customer experiences,” said DeCamp. Before joining Billtrust, DeCamp spent nearly 15 years at Sabre, where she most recently served as SVP of Product for the company’s leading airline SaaS solutions. Her career also includes roles in product and technology consulting, large-scale program management, and general management consulting. Additionally, DeCamp is a former Captain in the US Army. She holds an MBA from the McCombs School of Business at The University of Texas at Austin and a BSE in Biomedical and Electrical Engineering from Duke University. Billtrust is the trusted partner for finance leaders seeking to accelerate cash flow, control costs, and enhance customer satisfaction. As a market leader in B2B order-to-cash software and digital payments, Billtrust empowers the world’s top brands to move finance forward with AI-powered solutions, transitioning from costly paper invoicing to efficient electronic billing and payments. With over $1 trillion in invoice dollars processed, Billtrust delivers business value through deep industry expertise and a relentless focus on achieving meaningful customer outcomes.

Date – 13-Aug-2024 ShepskyAI aims to deliver real-time responses for queries related to crypto, blockchain, and token analysis. The ShepskyAI team is excited to announce the imminent launch of AI-driven crypto trading bots. Designed to adapt in real-time to market conditions, these bots will offer traders smart and effective strategies for navigating the crypto landscape. What sets ShepskyAI apart is its innovative use of large language models, which enable the platform to continually learn from diverse data sources and refine its strategies. Additionally, the $SEKY token will serve as an educational tool, empowering traders, investors, and developers to thrive in the dynamic world of cryptocurrency. Approaching the Launch of ShepskyAI’s $SEKY Adaptive AI-Driven Trading Bots ShepskyAI is on the verge of launching its groundbreaking AI-driven trading bots, a development poised to revolutionize crypto trading. Leveraging advanced large language model (LLM) technology, these bots continuously learn from diverse data sources and adapt their strategies to evolving market conditions, providing traders with a secure and informed trading experience. The official launch coincides with the presale of the $SEKY token, scheduled for November 18, 2024. This event will mark the debut of ShepskyAI’s innovative trading bots, featuring real-time responses, in-depth blockchain and token analysis, and a user-friendly interface suitable for both novices and seasoned traders. Adaptive and Intelligent Trading ShepskyAI’s trading bots stand out for their adaptability to market conditions. Whether navigating a bull or bear market, the bots adjust their strategies to optimize trading outcomes. By analyzing vast amounts of data rapidly, these bots uncover opportunities and risks that might be overlooked by human traders, ensuring that users stay ahead of the curve. Security and Transparency ShepskyAI prioritizes security and transparency in its platform. Utilizing state-of-the-art encryption and security protocols, the platform safeguards user data and funds. Moreover, users benefit from complete transparency with real-time performance tracking, detailed analytics, and comprehensive reports. ShepskyAI’s Roadmap to Success The project’s roadmap is divided into four key phases: For detailed information on the roadmap, visit ShepskyAI’s official website. The $SEKY Tokenomics The $SEKY token is integral to the ShepskyAI ecosystem, serving to educate traders, provide market analysis, and foster a knowledgeable community. The presale allocation of 40% is dedicated to advancing the project’s growth. Additional allocations include: This strategic allocation ensures the success and stability of the $SEKY token and supports the ongoing development of ShepskyAI’s innovative solutions.

Date – 13-Aug-2024 LiveFlow, a premier financial automation platform, has unveiled its much-anticipated integration with Xero. Following the success of its QuickBooks Online integration, LiveFlow is expanding its capabilities to meet high demand. This new integration allows businesses and accounting firms to efficiently streamline financial planning and analysis (FP&A), consolidate financial data, and visualize their financials seamlessly. Anita Koimur, COO and co-founder of LiveFlow, commented, “The integration with Xero is a direct response to our customers’ requests for a seamless solution to manage their financials within the expanding Xero ecosystem.” LiveFlow is excited to announce its new integration with Xero, designed to streamline financial planning and analysis for businesses and accounting firms. This integration delivers several key features: Anita Koimur, COO and co-founder of LiveFlow, stated, “We are thrilled to launch our integration with Xero. This new feature is a direct response to our customers’ demands for a seamless way to manage their financials within the expanding Xero ecosystem. Our goal at LiveFlow is to make financial reporting effortless, and this integration is a major step toward achieving that. We believe it will transform how businesses and accounting firms approach FP&A and financial consolidation as Xero’s presence grows in the US and beyond.” In addition to the Xero integration, LiveFlow is committed to continuously enhancing its QuickBooks Online integration, ensuring all customers benefit from its comprehensive suite of financial management tools. LiveFlow is a leading financial automation platform that supports businesses like Wendy’s and Crumbl Cookies, as well as accounting firms such as BDO and KLR. By integrating with popular accounting software like QuickBooks Online and Xero, LiveFlow simplifies financial planning, consolidation, and advanced data visualization. Its mission is to enable users to manage and understand their financials with ease, providing the insights needed for success.

Date – 13-Aug-2024 The collaboration expands the technology ecosystem for financial advisors, aiming to capitalize on the great wealth transfer and boost assets under management (AUM). FusionIQ and interVal Announce Strategic Partnership to Advance Wealthtech Solutions FusionIQ, a leader in cloud-based wealth management with its comprehensive digital platform for financial advisors and institutions, has announced a strategic mutual referral agreement with interVal, a prominent provider of software that delivers automated insights to wealth management firms, financial institutions, and accounting firms serving small and medium-sized businesses (SMBs) across North America. This partnership aims to revolutionize how financial advisors utilize wealthtech to drive client growth and business health. The collaboration merges the strengths of FusionIQ and interVal, providing financial advisors with the tools to efficiently scale operations and achieve profitable organic growth. This synergy aligns with the evolving demands of advisors who are seeking to leverage digital transformation for enhanced performance and client engagement. “Partnering with interVal allows FusionIQ to broaden its vision, empowering financial advisors with advanced platforms and tools to deliver exceptional client value,” said Mark Healy, CEO of FusionIQ. “Our alliance expands the technology ecosystem available to wealth management firms, making data more accessible and uncovering hidden growth opportunities. We are excited about the growth potential in North America.” The FusionIQ-interVal partnership is founded on mutual goals, including: Trevor Greenway, CEO and Co-Founder of interVal, commented, “We are excited to join forces with FusionIQ, the leading cloud-native platform tailored for advisors and investors. With significant wealth transfer and M&A activity expected in North America, interVal’s capabilities will help advisors and business owners navigate these transitions. Together with FusionIQ, we are set to make a significant impact.” A key objective of the partnership is to demonstrate how wealth management firms can grow assets under management (AUM) using the advanced technologies developed by FusionIQ and interVal. interVal’s tools provide accurate valuations of non-liquid assets, enabling advisors to offer enhanced services and generate referrals from satisfied clients. FusionIQ’s all-in-one digital platform offers a seamless and personalized user experience, integrating investors, advisors, and firms into a single digital workflow. This collaboration is set to enhance the efficiency, productivity, and growth opportunities for financial advisors, ultimately driving significant advancements in wealth management.

Date – 13-Aug-2024 Setpoint, a leading provider of credit infrastructure, has successfully closed a $31 million Series B funding round. The round was led by 645 Ventures, with significant participation from Citi, Wells Fargo, Andreessen Horowitz, NextView Ventures, Floating Point, Henry Kravis, Zillow founder’s 75 & Sunny, Vesta Ventures, Fifth Wall, Eltura Ventures, and Outrunner Capital. This latest funding brings Setpoint’s total capital raised to $76 million, underscoring its position as a key technology partner for major financial institutions and capital users. Setpoint’s innovative approach to automating debt facility management is setting a new industry standard. The company’s technology modernizes the management of credit facilities, turning outdated systems into streamlined, error-free processes. Since its previous funding round, Setpoint has achieved a 6x increase in year-over-year revenue and secured major clients such as GreenSky, Carvana, Fundbox, Nomura, Capchase, Kyte, Archwest, and Pathway. The company’s Asset OS software digitalizes and verifies data, while its Capital OS software automates funding and compliance, setting a new benchmark for efficient credit transactions. Setpoint’s scalable solutions enhance the management of complex financial arrangements and are designed to improve efficiency for both borrowers and lenders. Patrick Brett of Citi SPRINT noted, “Setpoint’s software is positioned to revolutionize how originators and lenders interact with capital markets, driving efficiency and accuracy.” C. Thomas Richardson from Wells Fargo Strategic Capital added, “We are excited to support Setpoint’s growth and their efforts to enhance the efficiency of credit operations.” Jon Smith of 645 Ventures remarked, “Setpoint has earned the trust of major financial institutions and is a cornerstone in the asset-backed ecosystem. We are proud to lead this funding round and support their vision.” The new funds will be used to expand Setpoint’s engineering and data science teams, focusing on leveraging machine learning and large language models to enhance asset data verification and drive innovation in credit infrastructure. “Setpoint is committed to transforming credit transactions to be instant, automated, and error-free,” said Setpoint CEO Stuart Wall. “This funding round propels us forward in building the technology infrastructure for capital markets.”

Date – 13-Aug-2024 Alchemy Pay Partners with Mesh to Enable Seamless Crypto Payments from Exchange Accounts and Wallets Alchemy Pay, a leading fiat-payment gateway, has announced a strategic partnership with Mesh, a cutting-edge crypto connectivity platform. This collaboration integrates the Mesh API into Alchemy Pay’s crypto payment solution, allowing users to make purchases at both online and offline merchants using crypto funds directly from their exchange accounts and wallets. The integration with Mesh expands the range of crypto payment options available to users, beyond traditional direct transfers, crypto cards, and Web3 crypto wallets. Users can now utilize balances from their exchange accounts, such as Coinbase, and wallets like MetaMask for various transactions, including online shopping, travel bookings, offline services, and with any merchant that accepts Alchemy Pay. This partnership enhances the payment experience by making asset transfers more seamless, intuitive, secure, and efficient. Mesh’s technology ensures that user assets and personal information remain secure, as the platform does not handle or store any sensitive data. Mesh’s connectivity supports secure and streamlined crypto deposits and payments from over 300 leading exchanges and wallets, with notable partnerships including MetaMask and the Sui Network. In January, Mesh received a $6.5 million investment from PayPal Ventures, which included $5 million in PYUSD transferred on-chain via the Mesh API. “We are excited to partner with Mesh to enhance our crypto payment offerings,” said Robert McCracken, Ecosystem Lead at Alchemy Pay. “This collaboration provides our users with greater flexibility and convenience, ensuring a secure and seamless payment experience across multiple platforms. Together with Mesh, we aim to drive innovation and expand the potential of crypto payments.” Bam Azizi, CEO and Co-Founder of Mesh, added, “Alchemy Pay has been pivotal in bridging fiat and crypto worlds. We are thrilled to collaborate with them to further improve the payment process and enhance the global crypto user experience.” Alchemy Pay continues its mission to bridge the gap between fiat and crypto economies. With a network spanning over 300 payment channels across 173 countries and regions, supporting more than 50 fiat currencies and various payment methods, including Visa, Mastercard, Apple Pay, Google Pay, and local mobile wallets, this partnership with Mesh further strengthens Alchemy Pay’s ability to facilitate seamless crypto asset usage.

Date – 13-Aug-2024 Centime is redefining AP automation with a new offering that provides businesses with cash-back interest on a high-yield AP account. Centime Revolutionizes AP Automation with Cash-Back Interest on High-Yield Accounts Centime, a Boston-based fintech specializing in cash management and banking solutions for small to mid-sized businesses (SMBs), has unveiled an innovative approach to Accounts Payable (AP) automation that transcends traditional ROI models. This new offering not only streamlines AP processes but also enables businesses to earn cash-back interest on their AP funds, turning AP functions into profit centers. While automating AP can alleviate the manual workload of processing invoices and payments, many AP bank accounts remain non-interest-bearing, causing businesses to miss out on potential income. Centime’s groundbreaking solution addresses this by integrating a high-yield bank account that provides cash-back interest on AP spend. This approach allows businesses to recoup the entire cost of Centime’s solution, and even profit from their AP expenditures, in addition to benefiting from cost savings and operational efficiencies. “Businesses today face significant financial pressures and need to see tangible ROI that directly impacts their bottom line,” said BC Krishna, CEO and Founder of Centime. “Our new AP automation offering is designed to not only streamline your operations but also to provide a clear path to recovering and even profiting from your AP spend. On average, our clients earn $10,500, which covers the cost of our automation solution and more.” Centime’s combined offering features a top-tier, AI-powered AP automation solution alongside a fully liquid, high-yield operating account that earns 4.25% on AP funds. This integration allows businesses to convert their AP function into a profit center, avoiding the delays associated with traditional virtual card rebates. By adopting Centime, businesses can: Centime is a premier cash management platform that helps SMBs efficiently manage working capital, from forecasting and collections to invoicing, payments, credit, and reporting. Utilizing automation and AI, Centime assists finance leaders in reducing operational costs and optimizing cash flow. As the only company offering integrated accounts payable, accounts receivable, and banking solutions in one platform, Centime was named Fintech of the Year by Aite in 2022 and remains a privately held firm based in Boston, MA.

Date – 13-Aug-2024 The latest upgrades and features for Sage Intacct extend support for region-specific taxes, banking, and certifications. Sage Expands Global Capabilities of Sage Intacct with New Enhancements and AI-Driven AP Automation Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has announced significant enhancements and updates for Sage Intacct, aimed at streamlining financial operations and enhancing security for customers worldwide. As part of this global expansion, Sage Intacct is launching its AI-driven AP Automation internationally. Already in use in the US, where businesses process over 10,000 bills per month, this tool leverages AI to cut accounts payable processing time by half, saving organizations over $100,000 annually. AP Automation enhances financial workflows by automatically generating draft bills from uploaded documents, quickly identifying issues like duplicates, and significantly reducing data entry efforts and costs. “Supporting our customers in growing their businesses is at the heart of the technologies we develop,” said Dan Miller, EVP Financials and ERP Division at Sage. “AP Automation exemplifies this commitment and makes us the first mid-market solution to offer this outside of the US. Our ongoing global expansion, coupled with the achievement of significant certifications, demonstrates our dedication to providing secure, globally compliant financial solutions that meet the diverse needs of businesses everywhere.” Key Enhancements in Sage Intacct Product Release 3 2024 Include: Elevated Time Entry Experience: The new Sage Intelligent Time feature, with enhanced AI assistance, supports the creation of more descriptive activity card titles and offers automatic time entry descriptions, improving clarity for both users and approvers.Availability: US, Canada, Australia, South Africa, and the UK. Automated Employee Expense Submission—Early Adopter: Employees can now email receipts directly from any device, with AI and machine learning enhancing coding accuracy and adapting to user modifications for future submissions, simplifying the expense reporting process.Availability: US. Sage Intacct Financials Certified by AFNOR in France: Achieving NF 203 certification from Infocert, Sage Intacct meets stringent French standards, ensuring enhanced security, reliability, and regulatory compliance for financial operations.Availability: France. German Electronic Tax Submission: Sage Intacct now supports the DATEV file format, simplifying tax compliance for German organizations and enhancing security and efficiency in financial data exchange.Availability: Germany. Enhanced Interactive Custom Report Writer (ICRW): New reports in ICRW provide customers with deeper, actionable insights, improving compliance and operational efficiency. These customizable reports offer detailed views on order summaries, customer aging, and purchasing activities, empowering users to make swift, data-driven decisions.Availability: Globally. Enhanced Email Delivery and Insights: The update introduces an advanced email delivery service utilizing DomainKeys Identified Mail (DKIM) to ensure secure, efficient email delivery. It also provides detailed delivery logs and supports multiple domains, ideal for businesses managing diverse operations.Availability: Globally. Sage Intacct and Kanso Solution for Affordable Housing: Partnering with Kanso, Sage Intacct delivers a comprehensive cloud solution for public housing management, enhancing compliance, data accuracy, and property management. This solution expands Sage Intacct’s reach into sectors such as public housing, native communities, and supportive housing.Availability: US & Canada. Hold and Resume Contract Schedules: Users can now hold or resume billing, revenue, and expense schedules across multiple contracts simultaneously, improving operational efficiency with an enhanced user interface that includes new filters and streamlined navigation.Availability: US, Canada, Australia, South Africa, and the UK. Exporting Taxable Payments Annual Reports: To simplify compliance with the Australian Tax Office, users can now export Taxable Payments Annual Reports (TPAR) files, reducing manual data reformatting, saving time, and enhancing efficiency.Availability: Australia. Joint Checks Payment Method for Construction: A new joint check payment method, tailored for the construction industry, simplifies payments to two-party construction vendors, reducing the risk of unpaid claims. This feature allows construction companies to create and track joint checks within Accounts Payable, eliminating the need for complex workarounds.Availability: Australia, US, Canada & EA customers in the UK. Boosted Insights in Revenue Recognition: Sage Intacct’s Revenue Management now includes the ability to link billing events with revenue recognition entries, supporting detailed contract tracking and analysis within Order Entry transactions, enhancing visibility, accuracy, and forecasting capabilities. Sage is committed to removing barriers so that everyone can thrive, beginning with the millions of small and mid-sized businesses that rely on Sage and its partners. By digitizing business processes and fostering connections with customers, suppliers, employees, banks, and governments, Sage’s digital network removes friction and delivers valuable insights, helping businesses succeed while addressing digital inequality, economic challenges, and the climate crisis.

Date – 13-Aug-2024 The Insurity Spreadsheet API aims to modernize the insurance industry by providing a rating platform that seamlessly integrates with existing systems, enabling faster and more efficient product launches. Insurity Introduces Spreadsheet API to Accelerate Insurance Product Development Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has launched the Insurity Spreadsheet API, a cutting-edge solution designed to help insurance organizations rapidly develop and deploy new products. This innovation underscores Insurity’s dedication to delivering solutions that address the evolving needs of the insurance industry. Developed in collaboration with Coherent, the Insurity Spreadsheet API enables insurers to convert complex spreadsheet logic into streamlined, reusable APIs. This transformation significantly accelerates product deployment, reducing the time required to bring new products to market from several months to just 30 days or less. The API also delivers a remarkable 75x faster runtime, enabling insurers to complete tasks with unprecedented speed and efficiency. The Insurity Spreadsheet API offers substantial improvements in operational efficiency and cost-effectiveness. By transforming spreadsheet workflows into reusable APIs, the solution accelerates time to revenue and reduces product development costs by an average of 83%. Additionally, it enhances compliance management by centralizing risk governance and version control within a secure, cloud-based environment. The API also optimizes business logic management, leveraging advanced cloud performance to support multiple version inputs and enable historical comparisons. Insurers can confidently validate strategies with user-defined bulk case generation and visualize processes through version comparison charts. “Partnering with Insurity and embedding Coherent software into Insurity’s industry-leading insurance platform allows insurance professionals to bring new products to market more quickly, cost-effectively, and innovatively,” said John Brisco, Coherent Co-Founder and CEO. “Insurity Spreadsheet API represents a major advancement for insurers seeking to modernize their operations,” said Chris Lafond, Chief Executive Officer at Insurity. “By converting business logic from spreadsheets into APIs, our solution not only accelerates product launches but also reduces development costs by hundreds of thousands of dollars. This integration will drive greater efficiency and agility in day-to-day operations, enabling insurers to maintain a competitive edge in the market.”