By AP-focused financial automation platform Stampli announced that it is the first Sage Intacct “Fintech Plus Tier Marketplace Partner” for AP Automation to have a validated specialty in Sage Intacct Construction (SIC) .Now these businesses can automate their AP processes using the combination of Sage Intacct Construction and Stampli. With accounts payable at its core and AI embedded at every point, Stampli centralizes all AP processes, streamlines workflows, reduces errors, supports timely payments to suppliers and subcontractors, and fosters better relationships. … Cockroach Labs , the company behind the cloud-native distributed SQL database market with CockroachDB, and PwC UK announced a strategic collaboration to reduce the risks, costs, and complexity of regulatory compliance and mainframe modernization. PwC UK and Cockroach Labs will offer end-to-end comprehensive solutions to banks and financial service institutions to assist with regulatory matters such as impending mandates around operational resiliency, business continuity, and data sovereignty. Additionally, they will support legacy system modernization initiatives for financial firms. … Lili , a financial platform designed for small businesses, today announced a strategic collaboration with Dun & Bradstreet , a business decisioning data and analytics firm. Dun & Bradstreet’s small business customers can now apply to open a Lili business checking account directly from the Dun & Bradstreet myD&B platform. After opening their account, they will be able to sync their financial data with D&B Credit Insights , allowing them to potentially impact key business scores. … Top 50 firm Schellman & Company, LLC announced the successful acquisition of INSYTE CPAs, LLC practice, which specializes in the areas of risk management, internal control, and business processes. As part of the transaction, INSYTE’s clients and personnel will transition to Schellman. … Advent International , a private equity investor, announced it has entered into a definitive agreement to invest and acquire a majority ownership stake in global ERP software provider SYSPRO . As part of the transaction, Mike Ettling, who was previously the President of SAP SuccessFactors and is presently the CEO of Unit4, will join SYSPRO as Chairman of the Board. Following the transaction, Phil Duff will retire from the company at the end of September 2024. Duff has been leading SYSPRO since he started the business 46 years ago. The transaction is expected to close late Q3 pending customary regulatory approvals and closing conditions. Torch Partners acted as exclusive financial adviser to SYSPRO in the context of this transaction.
