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Tenet and Dext Announce Strategic Partnership to Bring Bookkeeping Automation to Cubeler Business Hub

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Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) and Dext Software have formed a strategic two-year partnership to integrate Dext's bookkeeping automation software into the Cubeler Business Hub. The partnership will provide Hub members access to Dext's automation platform, featuring tools like Approvals, Supplier Statements, and Mileage. Tenet gains a seat on Dext's North American Partner Advisory Council. This collaboration aims to enhance real-time financial data collection for SMEs, supporting Tenet's Tenoris3 subsidiary in creating more frequent macroeconomic indicator indexes. The partnership also strengthens Tenet's relationship with the Certified Professional Bookkeepers of Canada and their 2,200+ members.

Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) e Dext Software hanno formato una partnership strategica biennale per integrare il software di automazione della contabilità di Dext nel Cubeler Business Hub. Questa collaborazione offrirà ai membri dell'Hub l'accesso alla piattaforma di automazione di Dext, che include strumenti come Approvazioni, Estratti Conto Fornitori e Chilometraggio. Tenet ottiene un posto nel Consiglio Consultivo dei Partner Nordamericani di Dext. L'obiettivo di questa collaborazione è migliorare la raccolta di dati finanziari in tempo reale per le PMI, supportando la consociata Tenoris3 di Tenet nella creazione di indici di indicatori macroeconomici più frequenti. La partnership rafforza inoltre il rapporto di Tenet con i Contabili Professionisti Certificati del Canada e i loro oltre 2.200 membri.

Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) y Dext Software han formado una asociación estratégica de dos años para integrar el software de automatización contable de Dext en el Cubeler Business Hub. Esta colaboración proporcionará a los miembros del Hub acceso a la plataforma de automatización de Dext, que cuenta con herramientas como Aprobaciones, Estados de Proveedores y Kilometraje. Tenet obtiene un asiento en el Consejo Asesor de Socios de Dext en América del Norte. Esta colaboración tiene como objetivo mejorar la recolección de datos financieros en tiempo real para las pymes, apoyando a la subsidiaria Tenoris3 de Tenet en la creación de índices más frecuentes de indicadores macroeconómicos. La asociación también fortalece la relación de Tenet con los Contadores Profesionales Certificados de Canadá y sus más de 2,200 miembros.

테넷 핀테크 그룹 (CSE: PKK) (OTCQB: PKKFF)과 덱스트 소프트웨어는 덱스트의 회계 자동화 소프트웨어를 큐벨러 비즈니스 허브에 통합하기 위해 2년간의 전략적 파트너십을 체결했습니다. 이 파트너십은 허브 회원들에게 덱스트의 자동화 플랫폼, 승인, 공급업체 명세서 및 마일리지와 같은 도구에 대한 접근을 제공합니다. 테넷은 덱스트의 북미 파트너 자문 위원회에 자리를 확보하게 됩니다. 이 협업의 목표는 중소기업을 위한 실시간 재무 데이터 수집을 향상시키는 것이며, 테넷의 테노리스3 자회사가 더 자주 거시경제 지표 지수를 생성하도록 지원합니다. 또한 이 파트너십은 테넷과 캐나다 공인회계사협회 및 그들의 2,200명 이상의 회원 간의 관계를 강화합니다.

Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) et Dext Software ont formé un partenariat stratégique de deux ans pour intégrer le logiciel d'automatisation de la comptabilité de Dext dans le Cubeler Business Hub. Ce partenariat permettra aux membres du Hub d'accéder à la plateforme d'automatisation de Dext, comprenant des outils tels que Approbations, Relevés Fournisseurs et Kilométrage. Tenet obtient un siège au Conseil Consultatif des Partenaires Nord-Américains de Dext. Cette collaboration vise à améliorer la collecte de données financières en temps réel pour les PME, soutenant la filiale Tenoris3 de Tenet dans la création d'indices d'indicateurs macroéconomiques plus fréquents. Le partenariat renforce également la relation de Tenet avec les Comptables Professionnels Certifiés du Canada et leurs plus de 2 200 membres.

Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) und Dext Software haben eine strategische Partnerschaft über zwei Jahre gegründet, um die Buchhaltungsautomatisierungssoftware von Dext in das Cubeler Business Hub zu integrieren. Diese Partnerschaft wird den Mitgliedern des Hubs Zugang zur Automatisierungsplattform von Dext bieten, die Werkzeuge wie Genehmigungen, Lieferantenabrechnungen und Kilometerstände umfasst. Tenet erhält einen Sitz im nordamerikanischen Partnerbeirat von Dext. Ziel dieser Zusammenarbeit ist es, die Erfassung von Echtzeit-Finanzdaten für KMUs zu verbessern und die Tochtergesellschaft Tenoris3 von Tenet bei der Erstellung häufigerer makroökonomischer Indikatoren zu unterstützen. Die Partnerschaft stärkt auch die Beziehung von Tenet zu den zertifizierten Berufsbuchhaltern Kanadas und deren über 2.200 Mitgliedern.

Positive
  • Strategic partnership with industry leader Dext enhances Cubeler Business Hub's service offering
  • Gained seat on Dext's North American Partner Advisory Council
  • Access to 2,200+ bookkeeping professionals through partnership with Certified Professional Bookkeepers of Canada
Negative
  • None.

Toronto, Ontario and London, United Kingdom--(Newsfile Corp. - November 22, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, and Dext Software Ltd. ("Dext"), the global leader in bookkeeping automation software, are pleased to announce that they have entered into an agreement to bring Dext's software platform to members and bookkeeping partners of the Business Hub (https://www.cubeler.com/).

Cubeler® Business Hub members and partners can now leverage Dext's unified bookkeeping automation platform, and benefit from recent feature releases, such as Approvals, Supplier Statements and Mileage. Under the terms of the two-year partnership between Tenet and Dext (the "Partnership"), Dext will be included as part of the Cubeler Business Hub's platform offering to provide even more value to small and medium sized businesses. Tenet was also granted a seat on Dext's North American Partner Advisory Council, which helps shape the future of Dext's product offering.

"The businesses that both Dext and Tenet serve are eager to leverage technology to drive innovation, efficiency, and growth. The availability of Dext's platform as part of Cubeler's Business Hub is a natural fit, enabling firms and businesses to gain real-time control over financial data and business insights," said Rachel Fisch, General Manager, North America, Dext. "We are excited to partner with Tenet to bring Dext's powerful automation tools to the Cubeler community."

"The macroeconomic indicator indexes that we'll be commercializing through our Tenoris3 subsidiary are based on data from the Business Hub," commented Tenet Chief Operating Officer Mayco Quiroz. "Those indexes will be far more valuable if they can show how the economy is evolving daily instead of providing monthly data. So, having timely and accurate data from the SME members of our Business Hub is an essential aspect of our business model. That's why we looked long and hard for a potential automated bookkeeping software partner. After months of discussions and product demos with several possible suitors, it was abundantly clear that Dext's product offering, customer support, global reach and reputation were unmatched in the industry, which made the company the ideal partner for Tenet and the Cubeler® Business Hub. With this partnership now in place, we can exploit our partnership with the Certified Professional Bookkeepers of Canada (https://cpbcan.ca/) with a compelling offering for their more than 2,200 bookkeeping members and their SME clients. By having SME data being updated in near real-time, this combination of Dext's product offering and the Cubeler® Business Hub could soon make waiting until the end of the month to find out how the economy is performing a thing of the past!"

About Dext:

Dext is the leading provider of bookkeeping automation, empowering businesses, accountants, and bookkeepers to thrive through innovative technology that simplifies accounting processes and drives smarter, more timely financial decisions. With financial data extraction accuracy of 99.5%, Dext has been trained on over 1 billion receipts and invoices.

Trusted by 12,000 accounting and bookkeeping firms and 700,000 businesses, Dext seamlessly integrates with most major accounting software and connects to over 11,500 banks, suppliers, and marketplaces worldwide. To date, we've saved bookkeepers more than 35 million hours of manual data entry. As the global leader in bookkeeping automation, we maximise efficiency and boost productivity, liberating our customers to focus on what truly matters to them. Please visit our website at https://www.dext.com.

About Tenet Fintech Group Inc.:

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.

For more information, please contact:

Tenet Fintech Group Inc.

Mayco Quiroz, Chief Operating Officer
514-340-7775 ext.: 510
investors@tenetfintech.com

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.com

Follow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet Fintech

Forward-looking information

Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics and COVID-19; legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by Tenet with securities regulators in Canada. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, Annual Information Form, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230997

FAQ

What is the duration of the partnership between Tenet Fintech (PKKFF) and Dext Software?

The partnership between Tenet Fintech and Dext Software is set for two years.

What features will Cubeler Business Hub members get access to through the Dext partnership?

Members will get access to Dext's unified bookkeeping automation platform, including features such as Approvals, Supplier Statements, and Mileage.

How will the Dext partnership benefit Tenet's (PKKFF) Tenoris3 subsidiary?

The partnership will enable more frequent updating of macroeconomic indicator indexes through near real-time SME data collection, instead of monthly updates.

TENET FINTECH GROUP INC

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