Payments software provider Modern Treasury, revealed its new AI Reconciliation Suggestions tool, meant to enhance reconciliation, increasing the efficiency of its platform and speed of cash reconciliation for customers. With Reconciliation Suggestions, an AI algorithm makes suggestions in ambiguous cases when the core Modern Treasury reconciliation engine, which is entirely deterministic, can’t proceed because it can’t achieve 100% certainty. In these cases, the AI narrows down reconciliation choices for a human to review and make. This AI plus human approach reduces the time spent on reconciliation, especially when operating at scale. … R&D and tax credit intelligence software provider Boast announced the hiring of Shahed Khalili as Chief Product Officer. Prior to joining Boast, he served as Vice President of Product at Galvanize (now Diligent), a SaaS company that builds software for security, risk management, compliance, and audit professionals, where he led the product management and design teams. … Principal Financial Group Chairman, President and CEO Dan Houston received the 2023 Ray Lillywhite Award today from the Employee Benefit Research Institute (EBRI) at the Defined Contribution West Conference in San Diego, CA. The Ray Lillywhite Award celebrates contributions by individuals who have had distinguished careers in the retirement and investment management fields and whose outstanding service has enhanced Americans’ economic security. The award is presented by EBRI as merited by individual and group excellence and is named after Ray Lillywhite, a pioneer in the pension field who for decades guided state employee pension plans. … Top 20 firm Eide Bailly announced that they have been recognized as Oracle NetSuite’s 2023 North American Partner of the Year. The news was shared at SuiteWorld 2023 taking place in Las Vegas. This is the sixth year Eide Bailly has been awarded North American Partner of the Year. Eide Bailly has also previously been awarded Worldwide Solution Provider Partner of the Year. … Top 20 firm EisnerAmper has again earned ClearlyRated’s “Best of Accounting 5-Year Diamond Award” for excellence in client service. Diamond Award winners have won the Best of Accounting Award for at least five years in a row. EisnerAmper has earned the Best of Accounting for Client Satisfaction designation every year since 2017. EisnerAmper received satisfaction scores of 9 or 10 out of 10 from 76.4% of clients, significantly higher than the industry’s current average. More than 1,000 clients participated in EisnerAmper’s survey, measuring key service drivers such as responsiveness, being proactive, forward thinking, understanding the client’s goals, ROI and others. The findings were then benchmarked against other accounting firms nationally to arrive at the award winners. … ADP
announced the launch of API Central, a new human capital management solution that enables businesses to easily and securely connect their ADP workforce data across their HR and business systems using standard APIs and tools. … Gravity, a cloud accounting software company, announced new AI-enhancements that allow its engine to convert PDFs of vendor bills into the Gravity Vouchers system, significantly reducing the need for manual data entry or corrections. The interface allows finance teams to review and make any necessary adjustments to the extracted data, ensuring compliance and transparency in the AP process.
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