Sage Group ousts CEO Stephen Kelly amid faltering cloud transformation

Sage Group ousts CEO Stephen Kelly amid faltering cloud transformation

David is back from his well-deserved vacation and ready to discuss Sage’s sudden move to oust Stephen Kelly as chief executive. Chairman Donald Brydon reportedly said, “We need to get a CEO that has SaaS in their veins.” Kelly joined Sage four years ago with a mandate to shake up the company, but despite the acquisition of Intacct, he has apparently been unable to turn things around quick enough for the board. Sage is facing increased competition from Xero on its home turf in the U.K and has been unable to gain market share against juggernaut Intuit in the U.S.

Are accounting firm partners just franchisees? Also, how Square could make cryptocurrency go mainstream

Are accounting firm partners just franchisees? Also, how Square could make cryptocurrency go mainstream

CPA Practice Advisor has announced their annual “40 Under 40” in the accounting profession for 2018, Jason Andrew makes the argument that accounting firm partners are essentially franchisees, Ryan Lazanis blogs about a guy who is probably the most remote cloud accountant in the world, FASB has simplified GAAP for cloud computing, and how Square could be the disruptor that makes cryptocurrency payments go mainstream.

Intuit’s CEO steps down, Sage downgraded by Deutsche Bank, Thomson Reuters shows up to the dance, and Xero’s big mistake

Intuit’s CEO steps down, Sage downgraded by Deutsche Bank, Thomson Reuters shows up to the dance, and Xero’s big mistake

Brad Smith is stepping down as CEO of Intuit after 11 years, Deutsche Bank is worried about Xero and Intuit stealing Sage Groups core mid-market business, Thomson Reuters has released its own cloud accounting software for small businesses, and how Xero made a big mistake by coming to the U.S. before conquering the rest of the world.

Excel's got a new World Champion and how CAS can cause lots of liability

Excel's got a new World Champion and how CAS can cause lots of liability

Blake and David chat about three things this week: 1) A 15-year-old is the new Microsoft Excel world champion, 2) How businesses are failing to help employees keep up-to-date with their digital skills, and 3) the risk of performing Client Accounting Services (CAS) (AKA outsourced accounting) in public accounting firms that aren't equipped to manage client expectations when it comes to the scope of services offered.

Jamie Shulman on Xero acquiring Hubdoc and the generational accounting shift

Jamie Shulman on Xero acquiring Hubdoc and the generational accounting shift

Jamie Shulman, Co-Founder and Co-CEO at Hubdoc, joins the podcast to talk about Xero's acquisition of Hubdoc, how that came about, what it means for non-Xero users (especially those on QuickBooks), and what's next for the company.

Gusto raises $140M, Xero acquires Hubdoc, why the IRS should allow taxpayers to use U2F keys, and the open office under attack

Gusto raises $140M, Xero acquires Hubdoc, why the IRS should allow taxpayers to use U2F keys, and the open office under attack

The Government Accountability Office (GAO) has recommended the use of phishing-proof FIDO security keys to prevent tax scams. Also this week: payroll and HR provider Gusto raised a $140 million Series C at a $2 billion valuation; cloud accounting software maker Xero has moved to acquire Hubdoc (a data capture solution); Stampli, an invoice management platform for midsize and enterprise businesses, raised a $6.7 million Series A; and attacks on the open office continue unabated.

All the ways the cloud can fail you: NetSuite goes down, why you need multifactor authentication, ComplyRight breached, and YouTube bans Hector Garcia

All the ways the cloud can fail you: NetSuite goes down, why you need multifactor authentication, ComplyRight breached, and YouTube bans Hector Garcia

Blake shares his thoughts on the first year of the Accounting & Finance Show LA under new management, then David & Blake discuss the latest accounting news, including: NetSuite's outage this week that prevented many businesses from accessing their ERP for almost a whole day, Google's hardware multi-factor authentication program that has prevented 100% of phishing attacks on its huge workforce, the recent breach of ComplyRight (a large 1099 processor), and why Hector Garcia's popular QuickBooks-focused YouTube channel was suddenly deleted without any warning. (We still don't know).

Intuit sells its data center, Xero selects Gusto for U.S. payroll, & Certify acquires Abacus

Intuit sells its data center, Xero selects Gusto for U.S. payroll, & Certify acquires Abacus

The Today Show asks "What is 'The Cloud?'", Intuit sells its data center and plans to move everything to Amazon Web Services, Xero dumps its own U.S. payroll product in favor of a strategic partnership and deep integration with Gusto, and Certify adds Abacus to its portfolio of expense management applications.

Midmarket vendors: Watch your back! Also, how labor costs will skyrocket over the next decade, and Bill.com goes global

Midmarket vendors: Watch your back! Also, how labor costs will skyrocket over the next decade, and Bill.com goes global

David & Blake discuss Matt Paff's article, "Hey Mid-Market, Xero and Intuit are coming!" a study predicting that highly skilled labor costs will skyrocket over the next decade, and Bill.com's big announcement that it will soon support international electronic payments.

The new 1040, California does its own GDPR, and better education for accountants

The new 1040, California does its own GDPR, and better education for accountants

Donny Shimamoto joins the podcast to chat about the IRS's new "postcard sized" 1040 form, the potential consequences of California's new privacy law for businesses, and the Houston CPA Society's efforts to improve education and outreach to accounting students.