Finance
Chicago Finance Committee approves $27M settlement for family of woman killed in crash involving CPD
CHICAGO (WLS) — The city of Chicago moved a step closer Friday to settling a multimillion-dollar lawsuit with a Chicago family who lost their mother in 2017.
A local woman collapsed in tears in Chicago’s City Council chambers, recalling the crash in which her mother was killed.
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The daughter who survived the crash tearfully testified before the Chicago City Council’s Finance Committee.
Kimberlyn Myers collapsed before she could finish her remarks.
“Today was a very emotional day for the Harrell family, particularly for Kimberlyn,” said Lance Northcutt, attorney for the Vaughn-Harrell family.
The attorneys for the city of Chicago did not comment after they testified before the Committee.
They recommended alders approve a $27 million settlement for the family of Stacy Vaughn-Harrell.
In 2017, Vaughn-Harrell and her daughter were coming home from a dance recital.
At the same time, Chicago police pulled over a white Kia SUV after a report of shots fired.
Attorneys for the Harrell family shared police body camera video of the incident, in which they contend, officers pursued a white Kia SUV without sirens. Then, the Kia hit the car with Vaughn-Harrell and her daughter, they said.
Harrell later died of her injuries.
Myers, critically injured, climbed out of the window and fell to the ground as the officers stood by.
In a previous trial, the family was awarded $10 million.
But on appeal, a new trial was granted.
Lawyers for the city said there is new evidence. And, if the city does not settle, at a second trial the award could be over $100 million.
The Finance Committee approved the settlement to move forward.
“The loss they’ve experienced has continued. Not only through the loss of their mother, but because this has to be relived, we are hopeful that all sides see the wisdom in moving on,” Northcutt said.
Alderman Nick Sposato was skeptical of the increase in settlement amount.
“It’s troublesome, but I don’t how we can get out of it,” said Sposato, who represents the 38th Ward.
Sposato says more aldermen need to look more carefully at cases before recommending settlements.
“The ultimate cost is just too much; it’s out of control,” Sposato said.
The Finance committee is expected to present the settlement to the full City Council meeting next week.
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Finance
Anne Arundel County Launches New Finance and Procurement Platform
Anne Arundel County is preparing to launch a new finance and e-procurement system to modernize county operations and improve how businesses interact with local government.
The new platform, called Harbor, is scheduled to go live in July and will replace the County’s legacy procurement system with a centralized cloud-based platform built on Oracle Fusion Cloud.
County officials say the new system is designed to streamline procurement and financial processes while making it easier for both existing and prospective vendors to do business with the County.
From the press release:
“Harbor is a much-needed upgrade that will streamline services for our county agencies and those who do business with the county,” said Anne Arundel County Chief Administrative Officer Christine Anderson.
The platform will serve as a single portal for supplier registration, bid opportunities, invoicing, payment tracking, and contract management, consolidating what had previously been spread across multiple systems. County leaders say the transition is part of a broader effort to modernize operations, improve efficiency, and lower barriers for businesses seeking to compete for county contracts.
For counties, procurement modernization remains an important operational priority as local governments look to improve transparency, strengthen vendor engagement, and simplify access for businesses of all sizes. Anne Arundel County has encouraged interested suppliers to review training materials and registration information ahead of the July launch.
Finance
Quadient Recognized as a Leader in the 2026 SPARK Matrix for Accounts Receivable Applications
Quadient demonstrates continued innovation in AI-driven invoice-to-cash automation and unified finance operations
Paris
Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announced today it has been recognized for the fifth consecutive year as a Leader in the 2026 SPARK Matrix™ for Accounts Receivable Applications by technology analyst and advisory firm QKS Group. Quadient strengthened its position in the report year-over-year, with a notable improvement in Technology Excellence, reflecting continued innovation in its AI-driven invoice-to-cash solution.
According to QKS Group, Quadient’s leadership position highlights its evolution into a comprehensive, AI-powered platform that delivers strong predictive accuracy and straight-through processing. The analyst firm also emphasized the capability of Quadient’s solutions to unify accounts receivable (AR) and accounts payable (AP), offering finance leaders greater visibility and insights into their business finances to make faster, better decisions on working capital management.
Earlier this month, Quadient announced the release of its new cash dashboard capability for AR and AP that allows finance teams to bring together traditionally siloed data in a single view. An AI assistant summarizes key metrics and provides analysis that helps finance leaders accelerate cash on hand, improve forecasting, reduce risk and uncover opportunities to optimize working capital.
“Quadient has established a strong position in the 2026 Accounts Receivable Automation market through its focus on intelligent automation, cash flow optimization and integrated financial operations,” said Sanjeevi C R, associate vice president, Enterprise Research at QKS Group. “The platform’s evolution from predictive analytics to AI-driven autonomous collections execution represents a meaningful step forward in reducing manual effort across the invoice-to-cash cycle. What differentiates Quadient is its ability to combine collections management, cash application, and payment processing with a unified accounts receivable and accounts payable ecosystem, providing finance leaders with a more holistic view of working capital performance. By enabling greater automation, enhanced cash flow visibility, and more efficient receivables operations, Quadient continues to deliver measurable value for organizations seeking to modernize their financial processes and improve liquidity management.”
QKS Group highlighted the following key strengths for Quadient AR:
Finance
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