Bookkeeping news and trends

Collective Debuts AI-Powered Accounting Tool for Solopreneurs
B2B Payments // March 19, 2024

Collective has debuted an artificial intelligence (AI)-powered accounting platform designed for one-person operations. “As freelancers delve into the administration needed to properly pay their taxes and keep their books up to date, they’ve been shocked by their choices: pay expensive local accountants and bookkeepers that often leave...

Fyle and QuickBooks Partner on Expense Management and Bookkeeping Solutions
Spend Management // May 02, 2023

Fyle and Intuit QuickBooks have partnered on real-time expense management and simplified bookkeeping solutions. Designed for small and medium-sized businesses (SMBs), the Fyle and QuickBooks combined solution helps automate expense reporting, credit card reconciliation and closing the books, the companies said in a Tuesday (May...

Quadient Adds Cash Application Module to AR Automation Solution
B2B Payments // April 26, 2023

Quadient has added a cash application module to its accounts receivable (AR) automation solution. The new Advanced Cash Application module eliminates the need for finance teams to manually apply incoming payments to customers and invoices and re-key payments received from the bank, Quadient said in a Tuesday (April...

OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One
Artificial Intelligence // March 27, 2023

“Small forest fires” that are “ultimately good for the forest.” That’s how Matthew Tillman, CEO at automated accounts payable (AP) solution OpenEnvoy, is looking at the banking crisis, he told PYMNTS CEO Karen Webster. Silicon Valley Bank’s collapse has forced many company founders to be...

Interviews & Exclusives
OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One

March 27, 2023
“Small forest fires” that are “ultimately good for the forest.” That’s how Matthew Tillman, CEO at automated accounts payable (AP) solution OpenEnvoy, is looking at the banking crisis, he told PYMNTS CEO Karen Webster. Silicon Valley Bank’s collapse has forced many company founders to be more aware of their banking relationships — a healthy thing […]

Quick Reads
Bookkeeping Firm Digits Buys Accounting Platform Basis Finance

June 17, 2024
Bookkeeping platform Digits has acquired budgeting and forecasting startup Basis Finance. “With rising interest rates and a tightening fundraising environment, the importance of extending runway has become crystal clear to founders in 2024,” the company said in a news release Monday (June 17). “Through this acquisition Digits will accelerate its [financial planning and analysis] FP&A roadmap and extend its dashboard […]

Collective Debuts AI-Powered Accounting Tool for Solopreneurs

March 19, 2024
Collective has debuted an artificial intelligence (AI)-powered accounting platform designed for one-person operations. “As freelancers delve into the administration needed to properly pay their taxes and keep their books up to...

Fyle and QuickBooks Partner on Expense Management and Bookkeeping Solutions

May 02, 2023
Fyle and Intuit QuickBooks have partnered on real-time expense management and simplified bookkeeping solutions. Designed for small and medium-sized businesses (SMBs), the Fyle and QuickBooks combined solution helps automate expense...

Quadient Adds Cash Application Module to AR Automation Solution

April 26, 2023
Quadient has added a cash application module to its accounts receivable (AR) automation solution. The new Advanced Cash Application module eliminates the need for finance teams to manually apply incoming payments to customers...