News (1877)
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ADP Ends Year With Strength
Automatic Data Processing reported a 3-percent increase in revenue for the year ended June 30, but that was because of a 10-percent rise for the fourth quarter. Similarly, a 5-percent rise in net income for fiscal 2021 stemmed from a 31-percent fourth quarter jump.
Anduin Grabs $14M in Funding
Anduin, which makes applications for accounting firms, has received $14 million in a Seed Round led by Revolution Ventures. The company said the funds will be used to introduce a Predictive Insights application and a suite of practice management products.
Zoho Introduces BI Platform
Zoho has introduced what it says is an end-to-end self-service Business Intelligence Platform. The cloud software company said the platform “brings together pre-built, visual dashboards, comprehensive data integrations, data preparation, augmented and embedded BI, security and privacy capabilities, flexible deployment models (cloud or on-premise), and scalability.”
Iris Software Acquires Doc.IT
The Iris Software Group, based in the United Kingdom, has acquired Doc.It. Terms were not disclosed. Doc.
It markets document management and workflow software and internet portals for accounting firms.
Bill.com Buying Invoice2go
On the heels of its $2.5-billion purchase of Divvy, payments software company Bill.com has reached an agreement to acquire Invoice2go. Bill.com will pay about $625 million in stock and cash to buy the provider of mobile-first accounts receivable software.
Intuit Debuts QB Card Reader
Intuit is introducing the QuickBooks Card Reader, which integrates with QuickBooks Payments. The reader can accept card payments via insertion, tapping or digital wallet.
Xero Intros Analytics Tool
Xero has introduced Xero Analytics Plus, a set of planning and forecasting tools. The new application is included in Established/Premium plans in the United States and Canada.
AICPA Seeks CPA Exam Feedback
The American Institute of CPAs is seeking feedback on content in the new Core and Disciplines CPA Examination structure. This represents the next step in in the CPA Examination Practice Analysis to determine knowledge and skills newly licensed CPAS need.
Liberty Tax Adding SMB Services
Liberty Tax is expanding its operations with a small business service that features monthly bookkeeping, payroll services and business loans. The new line will be built around Xero’s cloud accounting software, the companies said this week.
Canopy Receives $11M in Funding
Canopy, which makes practice management and tax resolution software, has received $11 million in funding. The company said proceeds will be used to build its cloud-based practice suite.
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