Press Releases
Fintastic, headquartered in Tel Aviv, Israel, announced on October 6, 2022, its emergence from stealth mode, completing a $12 million seed funding round led by Group 11, with participation from Benhamou Global Ventures and several angel investors. Founded in 2021 by Jonathan Einav (CEO), Eric Shellef (CTO), and Hamutal Anavi Russo (COO), the company launched the world's first AI-driven intelligent FP&A platform, aimed at addressing the inefficiencies and lack of intelligent insights in traditional financial planning and analysis software.
On October 14, 2022, the People Intelligence Alliance released research indicating that the 'People Impact Gap'—the disconnect between available people data and frontline decisions—costs U.S. businesses approximately $1.8 trillion annually. The estimate is based on research by Marler and Martin across more than 200 companies and extends to approximately 3,000 large organizations in North America.
FORVIS announced it will host the 2022 Financial Services Virtual Symposium on November 15-16, 2022. The event, eligible for CPE credits, focuses on hot topics in banking, including cybersecurity, regulatory compliance, digital assets, and ESG. Dr. Roger Tutterow, Professor of Economics at Kennesaw State University, will deliver a keynote on the economic outlook, and several FORVIS business leaders will also participate in sharing insights.
Welocalize announces its achievement of ISO 9001 and ISO 13485 certifications for virtual locations, positioning itself as a pioneer in the language services industry. This certification model replaces traditional physical site audits, validating the effectiveness of cloud-based quality processes and information security systems, providing clients with greater assurance while reducing audit frequency and costs.
Recent research reveals that nearly half of CFOs view talent acquisition and retention as their top concern, while technology investment remains a priority, yet most CFOs admit they would have adopted different technology strategies if they could have foreseen events of the past few years.
On November 10, 2022, Legion Technologies announced a free 60-day pilot of its demand forecasting solution, covering up to 50 stores and 10 demand drivers, aimed at helping businesses optimize labor budgets during uncertain economic times. The solution is based on Legion's 2022 Seasonal Hourly Worker Report, where 87% of managers reported unchanged or increased pressure heading into the upcoming holiday season.
On November 14, 2022, the AICPA and the U.S. Department of Labor announced in Chicago that Liberty Bank, Aon, and HP became the first signatory employers of the "Registered Apprenticeship Program for Finance Business Partners." This program is the nation's first registered apprenticeship initiative targeting the accounting and finance fields, designed to help employers cultivate, retain, and diversify talent. Upon completion, apprentices can earn the CGMA credential and Department of Labor certification.
PowerPlan, Inc. announced on December 7, 2022, the official release of its latest SaaS product, Tax Fixed Assets (TFA), a solution tailored for the utility and energy industries, designed to meet stringent regulatory reporting and business planning needs. TFA offers a modern user experience, streamlined workflows, data validation, and key insights, and supports seamless integration with PowerPlan's asset and project accounting systems.
Mesh Payments announced on December 6, 2022, the expansion of its integration with QuickBooks by Intuit, providing advanced features for growing and mid-market enterprises, including automatic coding of 98% of transactions, multi-entity synchronization, and accelerated monthly closing. The integration will be showcased at the QuickBooks Connect conference held from December 7 to 9 in Las Vegas.
FORVIS announced the launch of TALENT SHIFT on December 15, 2022, a gig talent marketplace for the accounting, tax, and consulting fields, designed to connect professionals with fixed-term project opportunities. TALENT SHIFT is a wholly-owned subsidiary of FORVIS, and its team members enjoy benefits and can participate in the company's internal community. This move comes just six months after FORVIS was formed through the merger of BKD and DHG.