Latest news with #financialsoftware
Forbes
3 days ago
- Business
- Forbes
Business Technology News: Intuit Introduces QuickBooks Bill Pay
Signage for financial software company Intuit at the company's headquarters in the Silicon Valley ... More town of Mountain View, California, August 24, 2016. (Photo by Smith Collection/Gado/Getty Images). Here are five things in tech that happened this week and how they affect your business. Did you miss them? This Week in Business Tech News Business Technology News #1 – Intuit introduces QuickBooks Bill Pay. Intuit has launched QuickBooks Bill Pay – a fully integrated solution aimed at streamlining business-to-business payments and automating accounts payable (AP) for small and mid-sized businesses. Some of its capabilities include automated bill creation. Businesses can forward their vendor invoices to QuickBooks, which auto-generates bills for review and approval. Flexible payment options allow vendors to be paid via ACH transfers or paper checks. Digital records store bills and payments in one place improving financial visibility. Transactions are automatically recorded and matched in your books, reducing manual entry up to 48 percent. QuickBooks Bill Pay has three pricing tiers – Basic (free), Premium, and Elite – each offering different levels of ACH payments, automation, and team controls. (Source: The Paypers) Why this is important for your business: This was inevitable. For years QuickBooks has been integrating with other similar services like BILL, which are all great. But now Intuit has decided to offer their own. On the plus side it should ultimately be seamless and easier to integrate. But on the other side products like BILL will offer more features and likely better support as this is the flagship offering. Regardless, all businesses using QuickBooks should be investigating and implementing automatic bill paying services to save time and increase productivity. New AI-based features will make these products even more powerful soon. Business Technology News #2 – Google's AI can now make phone calls for you. Google has just rolled out a major upgrade to its Search experience – AI-powered phone calls. The AI calling agent can call local businesses on your behalf based on the query entered in Search. Example – if you search for 'pet groomers near me,' you'll see an option to 'have AI check for availability.' Google's assistant will make the calls and summarize the results. It will then ask follow-up questions like when you need the service and how you want to receive updates. \ (Source: The Verge) Why this is important for your business: I do believe that automated phone calls will continue to grow in popularity. Our job as business owners is to be prepared to receive these calls. Will training be required? Will Google offer some way to automatically accept these calls without humans in our companies being involved? Business Technology News #3 – Microsoft promises to crack one of the biggest problems with Windows 11: slow performance. Microsoft is tackling one of Windows 11's biggest complaints: sluggish performance, especially on older PCs. In preview builds, Microsoft collects performance logs when testers experience slowdowns. These logs are stored locally and only sent to Microsoft if users submit feedback via the Facebook hub – 'System Sluggishness.' By expanding the scope of performance data, Microsoft hopes to pinpoint and fix speed-related issues more effectively. Common pain points include laggy File Explorer and slow search functionality. Microsoft is prioritizing these in its performance initiative. This effort is part of a broader push to make Windows 11 faster and more responsive, especially for users who've found it less snappy than Windows 10. (Source: TechRadar) Why this is important for your business: Frankly, I have not heard reports about slow Windows 11 performance from clients using the operating system but if Microsoft is doing this it's clearly a problem somewhere. To be sure make sure all of your devices are regularly updated the most recent version of the operating system and don't ignore notifications that new updates are available. Business Technology News #4 – Insurers making the turn to agentic AI – report. Insurers are cautiously embracing agentic AI – a form of artificial intelligence that can autonomously manage complex tasks and workflows. According to a new report from the Capgemini Research Institute, 20 percent of insurance firms are piloting agentic AI, and 12 percent have implemented it at scale. However, only 4 percent fully trust these systems as confidence in fully autonomous AI agents dropped from 43 percent to 27 percent over the past year due to concerns about accountability, explainability and ethical use. Insurers are integrating AI agents into workflows to assist brokers, underwriters, and service teams, embracing human-AI collaboration. Capgemini estimates agentic AI could generate up to $450 billion in value by 2028, but reaching that potential will require strategic investments, governance, risk frameworks and organizational design. (Source: Insurance Business) Why this is important for your business: This industry is ripe for agentic AI. The process of evaluating, approving and then writing up an insurance policy can be repetitive and doesn't have to require as much human effort as what's currently being spent. I'm sure that no insurance company is relying on agentic AI to do this right now but I can understand why they're investing in and testing these options heavily. As with so many other things around AI these are things that will be common in the not so distant future. Business Technology News #5 – Slack gets smarter: New AI tools summarize chats, explain jargon, and automate work. Slack is stepping up its AI game with a suite of new features designed to make workplace communication smoother, smarter, and more productive. An AI assistant embedded in Slack Canvas can generate project briefs, extract action items, and reformat meeting notes – all from your conversations. Enterprise Search lets connected users search across connected apps like Salesforce, Google Drive, and Microsoft Teams from one interface, turning scattered data into actionable insights. Hover over acronyms or jargon and Slack will instantly explain them using your organization's unique vocabulary and history. Slack can also identify and highlight follow-ups and deadlines from messages where you're mentioned. Slack Huddles now include automatic transcript and summaries. (Source: VentureBeat) Why this is important for your business: According to VentureBeat Salesforce – Slack's parent company – is also restricting external AI access to Slack data, betting its native tools will outperform third-party alternatives. If you're relying on Slack for your communications and workflows it's important that you understand and start testing these new features internally. I strongly recommend getting training from a Slack week I round up five business technology news stories and explain why they're important for your business. If you have any interesting stories, please post to my X account @genemarks
Reuters
21-07-2025
- Business
- Reuters
SS&C to buy Carlyle's British fund network Calastone for about $1 billion
July 21 (Reuters) - Financial software provider SS&C Technologies (SSNC.O), opens new tab said on Monday it will acquire Carlyle's (CG.O), opens new tab British fund network and data business Calastone for about 766 million pounds ($1.03 billion). ($1 = 0.7437 pounds)
Globe and Mail
18-07-2025
- Business
- Globe and Mail
Can Intuit Sustain Its Growth Momentum With Bold AI Push?
Intuit Inc. INTU, the financial software leader behind TurboTax, QuickBooks, Credit Karma and Mailchimp, is doubling down on artificial intelligence (AI) to transform how individuals and businesses manage money. At the core of this shift is GenOS, Intuit's proprietary AI operating system that powers intelligent workflows, automates tasks and delivers personalized insights. The company's latest leap includes the introduction of a virtual team of AI agents focused on helping businesses grow with less effort and greater precision. These AI agents, tailored for areas like payments, customer management and accounting, enable a 'done-for-you' model, reducing complexity and boosting efficiency. Nearly 25% of invoicing customers now use AI-generated invoice reminders, resulting in more than 10% higher payment conversion rates on overdue invoices. TurboTax, powered by AI, shortened average filing time by 12%, with more than half of users completing their returns in under an hour. Meanwhile, AI tools helped experts reduce return preparation time by 20%, fueling stronger conversion and productivity. The AI integration is also accelerating growth across QuickBooks and Mailchimp. QuickBooks Online revenues rose 21% in the third quarter of fiscal 2025, driven by pricing, mix shift and AI-powered innovations. For mid-market clients, Intuit's Enterprise Suite offers multi-entity insights, automated workflows and seamless app integration, all enhanced by AI. As AI reshapes how businesses manage operations, Intuit remains a solid innovator. Its data-rich ecosystem, spanning more than 100 million users, generates 60 billion machine learning predictions daily, supporting high-velocity development and real-time insights. With AI now deeply embedded into its strategy, Intuit is extending its lead in the financial software arena. AI Integration at Oracle and Paychex Oracle ORCL is embedding generative AI into its Fusion Cloud Applications across HR, finance and supply chain. Its AI assistants accelerate workflows, deliver contextual recommendations and streamline planning, enabling enterprises to make faster, smarter decisions. Recently, Oracle announced plans to invest $3 billion over the next five years to strengthen its AI and cloud infrastructure in Germany and the Netherlands. Paychex PAYX is advancing its AI integration by embedding intelligent technologies across its HR and payroll platforms. In recent times, the company launched a new AI-powered sales technology stack and market intelligence tool for its sales teams, enhancing productivity and targeting. INTU's Price Performance, Valuation and Estimates Shares of Intuit have rallied 20.2% year to date, outperforming both the broader industry as well as the S&P 500 Index. From a valuation standpoint, Intuit shares are expensive, as suggested by the Value Score of F. In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 10.10X, which is at a premium to the industry average of 8.86X. Intuit's estimate revisions reflect a positive trend. The Zacks Consensus Estimate for fiscal 2025 and 2026 EPS has been revised upward over the past two months. The Zacks Consensus Estimate for fiscal 2025 EPS suggests 18.42% growth year over year, while the same for fiscal 2026 calls for 13.7% growth year over year. Currently, Intuit sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU): Free Stock Analysis Report Paychex, Inc. (PAYX): Free Stock Analysis Report Oracle Corporation (ORCL): Free Stock Analysis Report
Bloomberg
17-07-2025
- Business
- Bloomberg
Morgan Stanley Revives $4 Billion Finastra Debt Refinancing Plan
Morgan Stanley is reviving an effort to refinance roughly $4 billion of private loans for financial software firm Finastra Group Holdings Ltd., according to people familiar with the transaction. The deal is expected to include a $2.55 billion first-lien loan, a € 600 million ($696 million) term loan, a $350 million second-lien loan and a $450 million revolving credit facility, said the people, who were not authorized to speak publicly. A transaction could launch into the syndicated-loan market as soon as next week, they said.
Yahoo
29-06-2025
- Business
- Yahoo
Intuit Inc. (INTU): 'I Really Love' It, Says Jim Cramer
Intuit Inc. (NASDAQ:INTU) is one of the . Intuit Inc. (NASDAQ:INTU) is a financial software firm that caters to the needs of businesses and consumers. The firm provides software that enables businesses and consumers to manage their finances, accounts, and ensure regulatory compliance. Intuit Inc. (NASDAQ:INTU)'s shares have gained 24.7% year-to-date due to strong earnings performance and legislation. Cramer's previous comments about the company have called it a terrific company. He reiterated the belief this time around: 'And then a company that I really love. Intuit. Which has, if you're a small businessperson, they're your savior. And I think that people don't know it until you start a business and realize I can't keep calling my accountant they cost too much money. They've got really positive AI stuff too. A professional tax preparer, using a laptop to complete an income tax return. While we acknowledge the potential of INTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
