Qvinci Software has launched new products and enhancements to strengthen their offering of automating time-consuming manual tasks common in traditional financial and business intelligence reporting, so that business leaders can focus on proactive, revenue-impacting initiatives. New Report Categorization and Packaging features enable searching, filtering, bulk-pinning, and building customized financial and business intelligence report packages in minutes, instead of hours or days using other accounting platforms. New Report Interact functionality allows for switching dollar/percentage views, filtering by specific entity in a multi-entity report, and focus mode to highlight cells that need attention – all without numerous data re-runs. A new suite of Business Intelligence Dashboards and Reporting Templates target key financial metrics that simplify impactful coaching and advising by identifying problem areas that need corrective action. For global organizations, Currency Conversion tools now fully support QuickBooks Online, QuickBooks Desktop, and Xero, eliminating the hassle of manual in-app currency adjustments. Qvinci Budgets with Future Budgeting enables users to import Excel-based budgets to use with templates for precise financial planning, as well as use Qvinci Budgets with QuickBooks Desktop, QuickBooks Online, or QuickBooks by Class. With Non-Sunday Aligned Reporting, organizations (i.e., hospitality brands, franchises, faith-based institutions, etc.) can generate reports based on their busiest operational days using customizable accounting calendars. Now, “As Of Week” reporting is available, making it easy to define the week through which reports should be run. With enhanced Security Infrastructure – including multi-factor authentication, PCI certification, and a published formal security framework – Qvinci ensures enterprise-grade data protection. Lastly, Eliminations Entries, used to remove the impact of transactions between related companies, can now be handled directly within the Qvinci solution, cutting down drastically on needless complexity and manual labor.
Infosys BPM’s AI agents for invoice processing can handle dynamic workflows end-to-end, adapt to changing business logic, and perform intricate tasks with minimal human oversight
Infosys’ business process management arm, Infosys BPM, has added AI agents for invoice processing to its Infosys Accounts Payable on Cloud solution. This solution makes invoice processing largely autonomous to enhance efficiency and accuracy. The solution includes the capabilities of the suite of generative AI services, solutions and platforms called Infosys Topaz, as well as Microsoft’s AI stack, including Azure AI Foundry and other LLMs. By integrating Infosys Topaz with a purpose-built multi-agent framework, along with Microsoft’s AI stack, we’ve developed a solution that is autonomous by design, responsive to change, and built to evolve, Anantha Radhakrishnan, CEO and managing director of Infosys BPM, said. Infosys developed the AI agents in collaboration with Americana Restaurants, which operates more than 2,600 restaurants across the Middle East, North Africa and Kazakhstan. “With AI-powered Infosys Accounts Payable on Cloud, we have made invoice processing faster, enhanced accuracy and improved efficiency,” Harsh Bansal, chief financial officer and chief growth officer at Americana Restaurants, said. “The addition of Agentic AI takes this a step further, reducing manual dependencies and bringing more intelligence and autonomy into our invoice processing.”
CloudZero’s platform breaks down cloud spending data by source to display the costs incurred by each of a company’s cloud environments, workloads and business units and provides granular data associated with specific application features
Startup CloudZero has raised $56 million from investors to enhance its namesake software platform, which helps enterprises lower their cloud expenses. Companies search for opportunities to lower cloud costs by analyzing their infrastructure- and software-as-service bills. Each cloud provider formats spending data differently, which means that the data has to be organized into a single, consistent format before it can be reviewed. CloudZero says that its platform automates the task to save time for finance teams. After normalizing spending data, the company’s software breaks it down by source. CloudZero can display the costs incurred by each of a company’s cloud environments, workloads and business units. It also provides more granular information. The platform can calculate, among others, the cloud expenses associated with specific application features. CloudZero says that its platform can provide visibility into Kubernetes spending regardless of label quality. CloudZero can measure how effectively a company uses long-term purchase agreements. It also identifies spending spikes. Built-in artificial intelligence models measure out the average hourly cost of running a cloud workload and detect sudden increases. CloudZero now manages more than $14 billion in cloud spending for customers. It claims that those customers take an average of three months to make back what they spend on its software.
Thomson Reuters tool for tax and audit operations draws on >20 billion proprietary and public documents and 4,500 subject matter experts and connects internal knowledge, regulatory materials and firm-specific data into a single workspace
Thomson Reuters has launched an AI platform designed to help professionals automate complex workflows. The platform — Agentic Intelligence — integrates with professional applications to plan, reason and act across tasks while maintaining audit trails and data controls. The launch also includes a new tool, CoCounsel for Tax, developed for tax, audit and accounting professionals. It connects internal knowledge, regulatory materials and firm-specific data into a single workspace. Early users report gains in speed and accuracy. Accounting firm BLISS 1041 used the system to reduce residency and filing code reviews from several days to under an hour. CoCounsel for Tax is now available in the U.S., with expanded features and geographies expected by year-end. The company said Agentic Intelligence draws on more than 20 billion proprietary and public documents and is supported by 4,500 subject matter experts. It leverages recent investments in AI infrastructure and partnerships with OpenAI, Anthropic, Google Cloud and AWS. The next product, Ready to Review, will focus on tax return preparation. Thomson Reuters plans to expand the platform into legal, compliance and risk sectors in 2025.
Banks are driving uptick in corporate API adoption for treasury and cash management by collaborating with ERP/TMS providers and middleware providers supporting ISO 20022
One of the main obstacles to broader API adoption in corporate treasury has been the legacy design of treasury management systems, which were not originally built with APIs in mind. Corporates that have realised tangible business value through APIs have typically supported their implementation with robust IT strategies – upgrading accounting and reconciliation systems to be API-enabled, for example. JPMorgan Payments has been collaborating with ERP and TMS providers to integrate APIs that are essential for treasury and cash management operations. It integrates into SAP’s platform through its multi-bank connector functionality and has also integrated Kinexys Digital Payments within Kyriba Connector, allowing treasurers to facilitate and operate cross-border and real-time payments, and blockchain deposit accounts.The bank’s APIs offer near real-time reporting of cash balances and account transactions, and it has integrations with Trovata, which enable Trovata users to manage multiple bank accounts across institutions in one platform. API adoption also hinges on middleware providers, which act as intermediaries between ERP/TMS systems and end-users. These providers are evolving to support API connectivity alongside traditional file-based and Swift messaging methods. In addition to ERP and TMSs adapting, success also depends on middleware providers stepping up. These providers, which act as the bridge between TMS/ERP systems and end-customers, are gearing up to support API connectivity alongside traditional methods such as file transfers and Swift messaging. Carl Slabicki, co-head of global payments for BNY’s treasury services, points to a notable uptick in API adoption among corporate clients.
Adflex’s straight-through processing tech to enable Coupa to fully automate the B2B spend management process by enabling virtual card numbers to be read automatically from within emails
Coupa has integrated Adflex’s straight-through processing service, Adflex STP, into its total spend management platform, saying this will fully automate the B2B payment process for Coupa customers and their suppliers. The Adflex STP service and virtual card reader technology enable virtual card numbers to be read automatically from within emails, allowing transactions to be processed without manual entry. This collaboration will simplify supplier acceptance and process integration, enabling suppliers to scale virtual card programs effectively, Bill Wardwell, senior vice president and general manager, Coupa Pay and Treasury, said. This new service is exclusively available through Coupa and Adflex partner Barclaycard Payments in the Europe, Middle East and Africa (EMEA) region. Adflex also offers its automated virtual card payments service to all card issuers and their corporate clients. “Adflex STP levels the playing field of digital B2B payments by delivering the benefits of prompt, secure and pain-free transactions to both buyer and supplier,” Andy Downman, commercial director at Adflex, said.
Financial ops platform Ramp powers over $80 billion in annualized purchase volume across card transactions and bill payments and serves >40,000 companies with half of them using two or more products across its platform
Ramp announced its Series E financing, bringing its valuation to $16 billion. For the fifth time, a Ramp funding round was led by Founders Fund – the company’s first and largest investor. Construction One reduced their AP team’s time spent on monthly close by 75%, saving them 360 hours in the last year. Poshmark hit their free cash flow goals 5 months ahead of schedule by redirecting their team’s energy toward strategic projects, not administrative burden. An industrial company (we can’t name) processed $47 million through Ramp cards, using our built-in controls to prevent 9% of spend that was out-of-policy and saving $4 million. In 2025 alone, we’ve shipped 270 features including Card & Expense, Procurement, Treasury. To date, Ramp has saved customers $10 billion and 27.5 million hours. Ramp currently powers over $80 billion in annualized purchase volume across card transactions and bill payments. Ramp’s product line includes corporate cards and expense management, bill payments, procurement, travel booking, and treasury. Half of Ramp customers use two or more products across its platform. With this round, Ramp has raised $1.4 billion in total equity financing.
Serrala launches cloud-based Cash Application solution to revolutionize receivables matching- a smarter way to match payments and remittances, cutting days of work down to minutes
Serrala raises the bar for Accounts Receivable (AR) with the launch of its new Cash Application capabilities, now part of the Alevate AR cloud solution. Designed to eliminate the headaches of manual cash allocation, this fully ERP agnostic, AI powered solution gives finance teams a faster and smarter way to match payments and remittances, cutting days of work down to minutes. With this launch, Serrala offers a complete cloud-native AR solution for the realities of today’s finance teams: automation at scale, seamless integration with any ERP system, and real-time visibility into receivables. Early adopters are already seeing measurable impact: up to 85% straight-through processing rates, a 90% reduction in manual processing and up to 75% faster cash application cycle times. Companies also report up to 40% fewer full-time resources needed to manage cash allocation tasks, freeing teams to focus on becoming more strategic. Nils Strachanowski, VP Product Order to Cash at Serrala said, “Alevate AR, with its advanced cash application capabilities, removes ERP limitations and delivers full transparency and intelligent automation across the entire receivables process regardless of platform. This marks a significant leap toward fully connected, data-driven finance operations. The solution also streamlines deduction handling, reduces error rates and misapplied payments, and delivers real-time KPI dashboards for metrics like DSO and working capital, putting actionable insights directly in the hands of decision makers.
Levelpath’s AI agents unify model grounding, context management, orchestration and identify the relevant business context to solve real procurement challenges such as sourcing event creation, supplier onboarding, and risk assessments
AI-native procurement platform Levelpath announced $55+ million in Series B funding led by Battery Ventures, bringing the total raised to $100 million. At their core, Levelpath’s AI Agents are designed to act autonomously and proactively on behalf of users, solving real procurement challenges such as sourcing event creation, supplier onboarding, and risk assessments to drive exponential productivity. These AI Agents do not simply support rigid and fragile task automation; they deliver smarter workflows, faster deployment, and predictable outcomes from day one. With preconfigured agents available out of the box, teams can immediately benefit from enhanced decision-making and operational efficiency without the need for complex IT support. Powered by Hyperbridge, Levelpath’s AI-native architecture, these AI Agents unify model grounding, context management, and orchestration while ensuring secure, compliant data handling. By identifying the relevant business context, routing queries to the most suitable large language models, and tailoring outputs to specific organizational needs, Levelpath empowers procurement teams to achieve greater efficiency and impact, with fewer resources. This foundation enables organizations to benefit from rapid AI innovation without the need for constant due diligence on the models or integrations themselves.
Tailor offers a highly customizable option through a “headless” system that separates the back end (core) which manages key functions like inventory management and accounting from the front end (UI), allowing for independent development of the front end
ERP platform Tailor has raised $22 million in a Series A funding round. ERP systems typically come with a single interface that includes all the necessary functions, but this can be inflexible and restrict customization options. In contrast, a “headless” ERP system separates the front end (user interface) from the back end (ERP core), co-founder and CEO of Tailor, Yo Shibata, told. The back end manages key functions of the ERP system, like inventory management and accounting, allowing for independent selection or development of the front end. This setup lets Tailor’s system, Omakase, allow AI agents to securely access its ERP system via API to automate tasks such as summarizing customer histories or triggering workflows, he added. Shibata believes Tailor’s position as a “headless,” highly customizable option will give it a competitive advantage. Tailor’s product, available in the U.S. and Japan, originally targeted retail and e-commerce customers as these industries face specific challenges arising from dynamic supply chains, market expansion, and uncertain geopolitical factors, Shibata told TechCrunch. Omakase automates workflows and manages businesses’ operations like inventory, fulfillment, finance, purchasing, and omnichannel management.