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## Modern Treasury enhances cash reconciliation with AI legalese decoder

Payments software provider Modern Treasury has introduced its latest tool, the AI Reconciliation Suggestions, aimed at improving reconciliation processes and boosting the efficiency and speed of cash reconciliation for its customers. This new feature utilizes an AI algorithm that presents suggestions in cases where the core Modern Treasury reconciliation engine, which is purely deterministic, cannot proceed due to the inability to achieve 100% certainty. In such situations, the AI narrows down the available reconciliation choices for human review and decision-making. This combination of AI and human involvement significantly reduces the time spent on reconciliation tasks, particularly when operating at a larger scale. By implementing the AI legalese decoder, Modern Treasury enhances the accuracy and effectiveness of its reconciliation processes, ultimately providing a more streamlined experience for its customers.

## Boast strengthens its team with the hiring of Shahed Khalili as Chief Product Officer

R&D and tax credit intelligence software provider Boast has announced the appointment of Shahed Khalili as its Chief Product Officer. Khalili brings a wealth of experience to his new role, having previously served as the Vice President of Product at Galvanize (now Diligent), a SaaS company specializing in security, risk management, compliance, and audit software solutions. During his tenure at Galvanize, Khalili led the product management and design teams, demonstrating his expertise in driving product development and innovation. With Khalili now joining Boast, the company is well-positioned to further enhance its product offerings and deliver even greater value to its clients in the R&D and tax credit space.

## Principal Financial Group CEO Dan Houston receives distinguished Ray Lillywhite Award

Dan Houston, the Chairman, President, and CEO of Principal Financial Group, has been honored with the prestigious 2023 Ray Lillywhite Award by the Employee Benefit Research Institute (EBRI) at the Defined Contribution West Conference in San Diego, CA. This esteemed award recognizes individuals who have made significant contributions to the retirement and investment management fields and whose outstanding service has enhanced Americans’ economic security. Named after Ray Lillywhite, a pioneer in the pension field, the award is presented by EBRI to individuals and groups that demonstrate excellence in their respective areas and have achieved notable career milestones. Houston’s receipt of the Ray Lillywhite Award highlights his remarkable accomplishments and leadership within the financial industry.

## Eide Bailly named Oracle NetSuite’s 2023 North American Partner of the Year

Eide Bailly, a leading firm in the industry, has been recognized as Oracle NetSuite’s prestigious 2023 North American Partner of the Year. This remarkable achievement was announced during SuiteWorld 2023, an event held in Las Vegas. This marks the sixth consecutive year that Eide Bailly has received this esteemed recognition, showcasing their consistent commitment to excellence in the field. Additionally, Eide Bailly has previously been honored with the Worldwide Solution Provider Partner of the Year award, further exemplifying their exceptional performance and service. Being acknowledged as the top partner by Oracle NetSuite solidifies Eide Bailly’s position as a trusted and reliable provider in the industry.

## EisnerAmper receives ClearlyRated’s “Best of Accounting 5-Year Diamond Award” for outstanding client service

EisnerAmper, a prominent top 20 firm, has once again been honored with the highly regarded “Best of Accounting 5-Year Diamond Award” by ClearlyRated for their exemplary client service. This prestigious award is bestowed upon firms that consistently receive the Best of Accounting Award for five consecutive years. Since 2017, EisnerAmper has earned the designation for client satisfaction every year, further underscoring their commitment to delivering exceptional service to their clients. The firm received high satisfaction scores, with 76.4% of their clients providing ratings of 9 or 10 out of 10. These scores significantly surpass the industry average, reflecting EisnerAmper’s dedication to responsiveness, proactivity, forward thinking, understanding client goals, and providing a strong return on investment. The award results were obtained through a comprehensive survey in which over 1,000 clients participated, and the data was benchmarked against other accounting firms nationwide to determine the winners. EisnerAmper’s consistent recognition demonstrates their ongoing commitment to excellence in client service.

## ADP launches API Central, a new solution enabling seamless HR data integration

ADP, a leading provider of human capital management solutions, has unveiled API Central, a cutting-edge solution that simplifies the connection of ADP workforce data across HR and business systems through standard APIs and tools. This innovative offering allows businesses to securely and effortlessly integrate their ADP workforce data into various platforms, streamlining the management of critical HR information. By leveraging API Central, organizations can eliminate the complexities associated with manual data entry and ensure the seamless transfer of workforce data across different systems. This integration enhances the accuracy, consistency, and efficiency of HR processes, ultimately resulting in improved operational effectiveness and a more unified HR ecosystem.

## Gravity revolutionizes accounting with AI-powered PDF conversion

Cloud accounting software company Gravity has introduced advanced AI-enhancements to its system, enabling the conversion of vendor bill PDFs into the Gravity Vouchers system. This breakthrough technology significantly minimizes the need for manual data entry or corrections by automating the extraction of data from PDF documents. The platform’s interface empowers finance teams to review and make any necessary adjustments to the extracted data, ensuring compliance and transparency throughout the accounts payable process. By leveraging AI, Gravity revolutionizes the workflow involved in handling vendor bills, optimizing efficiency, and accuracy. These enhancements provide finance teams with a comprehensive and streamlined solution for managing vendor bill processing, ultimately leading to improved productivity and more efficient accounting processes.

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