MCLEAN, Va., Oct. 14, 2020 /PRNewswire/ — Dovel Technologies announced today that Ace Info Solutions, LLC (AceInfo) has been awarded a Task Order from the U.S. Department of Agriculture (USDA), Farm Production and Conservation (FPAC) Risk Management Agency (RMA) for Crop Insurance Software Development Delivery Services. The RMA’s mission is to serve America’s agricultural producers through effective, market-based risk management tools and solutions to strengthen the economic stability of agricultural producers and rural communities. In 2019, RMA managed nearly $115 billion worth of insurance liability.

(PRNewsfoto/Dovel Technologies)

The USDA Crop Insurance Software Delivery Support Services task order, awarded through the USDA FS DAITSS BPA contract vehicle, has a base year plus three option years and an estimated value of $59M. Under this Task Order, AceInfo will provide a full range of software development services to support the development and delivery of new crop insurance products, sustain and modernize current applications and tools in production, as well as innovate, design, deploy, develop, and maintain new IT systems.

“AceInfo stands ready to collaborate with RMA on solutions that make the delivery of new insurance products and services more efficient for both the agency and the farmers it serves,” said Mike Cosgrave, AceInfo COO. “We look forward to applying innovative development methodologies and delivering modernized solutions to enhance this important program.”

Together, Dovel and AceInfo’s approach to technology solution development is fueled by an innovation-focused culture and entrepreneurial DNA that accelerates agency missions and contributes to improving, protecting, and saving lives. As a result, government customers can optimize operational outcomes, strengthen IT capabilities, and implement best practices for highly complex and critical programs.

“Our team is excited to support USDA FPAC’s efforts to meet the needs of our nation’s agricultural producers,” said Damon Griggs, Dovel CEO. “Our long-standing history with

Mastermind Analytics promises to deliver 360-degree, on-demand visibility into company finances with a low-code interface, and it can process unstructured data, too.

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Image: AppZen

A new software product from finance AI analytics company AppZen promises to be “a first of its kind” tool that can provide financial insights “previously unavailable” to finance teams. Called Mastermind Analytics, if it can do what AppZen says it can, it looks to be the tool of bookkeepers’ dreams. 

The goal of Mastermind Analytics is to not only allow finance teams to get on-demand analysis of company finances, but also to provide benchmarks against other companies that AppZen CEO Anant Kale said will show organizations both where they’re leading their peers, and where they’re lagging.

In order to provide thorough financial results, which AppZen calls “360-degree,” Mastermind Analytics audits travel documents, expenses, accounts payable paperwork, and other sources to provide feedback in real time. Kale said that Mastermind is also able to analyze unstructured data as well. 

SEE: Report: SMB’s unprepared to tackle data privacy (TechRepublic Premium)

“Finance teams will now have access to previously unavailable out-of-policy spend information that enables immediate visibility into patterns and activity that could indicate, and prevent, more complex risks of fraud and waste,” Kale said.

As for comparing a company’s finance to other organizations, Kale said that Mastermind Analytics pulls “billions of data points from close to 2,000 customers.” The comparison itself will benchmark companies against one another in areas like spending, risk, and operational performance. 

Mastermind Analytics was also created with finance teams in mind, AppZen said, which means it doesn’t require any additional integrations with the AppZen platform, nor does it need developers with analytics skills to extract results from. Mastermind, Kale said, is designed to be low code, giving finance professionals access to data that would

On this episode Of Scaling Up, March Capital managing partner, Jamie Montgomery and Forbes futurist Rich Karlgaard talk to Bill.com’s founder and CEO, René Lacerte. Bill.com is a fast-growing cloud software company that sells automated payment services for small and medium sized businesses. When we interviewed Lacerte, BILL was worth $8 billion in market cap; today it is $9.12 billion. We talked about fast growth leadership, mentorship secrets, and how Lacerte’s father was a pianist for the late Gram Parsons, even though Lacerte’s father was missing four fingers.

Click below for video.

MORE FROM FORBESPersonal Growth Needs To Be Every CEO’s Top Priority, Says Bill.com’s Rene Lacerte

The following transcript has been edited for clarity and length.

Rich Karlgaard:  René, what was your original mission, how was it progressed, and the fundamental question – why is what you do important to your customers?

René Lacerte:  We think of ourselves as champions for small and medium-sized businesses to help them automate the financial processes that around paying and getting paid. If you think about payables and receivables, people do not expect this number to be true but it is. Ninety percent of businesses still rely on paper to manage their processes and make their payments. If paper is a primary form of making the payment, it ends up being fairly inefficient, error-prone, and lots of challenges. It ends up being a mess. For us, I wanted to focus on solving that mess. I wanted to take care of that pain point and really make a difference for a small and mid-sized businesses. There are six million employers in the U.S. – that is the target market. We have 98,000 businesses today that are on our platform. They use us to interact with two and a half million network members

LAYOFFS



a blurry image of a person: LogMeIn


© Essdras M Suarez
LogMeIn

Remote-access software firm LogMeIn cuts jobs

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One of the industry leaders in software for remote work is going through another round of layoffs. Boston-based LogMeIn said it’s trimming “less than 100” of its global workforce of 4,000, with Boston workers accounting for “less than 20” of the job cuts. The company provided no details about which of its product lines are affected, but a spokeswoman said that the laid-off workers have been encouraged to apply for new jobs at LogMeIn, suggesting that the move is more of a reorganization than a downsizing. In February, the firm laid off about 300 employees, or 8 percent of its workforce. Chief executive Bill Wagner told the Globe in July that many of the company’s employees will keep working from home even after the pandemic lifts. A spokeswoman said that as a result, LogMeIn needs fewer workers to operate its offices, such as the technical staff who maintain the office computer networks. — HIAWATHA BRAY

DIVERSITY

Microsoft plan to add Black executives draws US Labor inquiry

Microsoft Corp. said the US Labor Department is questioning whether its commitment to promote more Black managers and executives violates civil rights laws. The software maker said it’s confident the diversity pledges are legal. The company, whose contracts with the US government mean it must comply with certain federal requirements on employment practices, said it was contacted last week by the Labor Department’s Office of Federal Contract Compliance Programs. Microsoft said in June that it would double the number of Black managers, senior contributors, and senior leaders in the United States by 2025. The federal outreach to Microsoft is an example of the Trump administration’s opposition to many programs meant to fight discrimination against the Black community and improve the

Guidewire Software positioned highest for “ability to execute” and furthest for “completeness of vision”

Guidewire Software, Inc. (NYSE: GWRE), the platform general insurers trust to engage, innovate, and grow efficiently, today announced that it has been positioned as a Leader in Gartner, Inc.’s “Gartner Magic Quadrant for Non-Life Insurance Platforms, Europe,1for the third consecutive year. Guidewire Software was again placed highest on both the ability to execute axis and furthest on the completeness of vision axis. A complimentary copy of the report can be viewed here.

This is the third year that Gartner has produced a Magic Quadrant for Non-Life Insurance Platforms, Europe. Gartner’s report evaluated 11 vendors in the general/Non-Life insurance space that have qualified for inclusion.

“Given the disruption that the insurance industry is experiencing, it is not enough to be a provider of modern core systems. A non-life-insurance platform vendor must not only demonstrate a high degree of business knowledge and relevant content across a range of LOBs, but also show non-life insurance IT and business leaders how it provides a broader platform for innovation for future digital business initiatives,” wrote Sham Gill, senior director analyst, and Manav Sachdeva, senior principal analyst, Gartner and co-authors of the report.

“Guidewire is honoured to be recognised by Gartner for the third consecutive year as a Leader in its Magic Quadrant for Non-Life Insurance Platforms, Europe,” said Keith Stonell, vice president, EMEA, Guidewire Software. “We are deeply committed to addressing the technology requirements of the Non-Life insurance industry and are setting the bar with our cloud-optimized platform that unifies digital, analytics, and the core. Our customers’ success is our top priority, and we view this recognition as a shared acknowledgment with the Guidewire community.”

1Gartner Magic Quadrant for Non-Life Insurance Platforms, Europe, Sham Gill, Manav Sachdeva,