Botkeeper represents itself as an AI-powered automated bookkeeping and accounting solution, but in reality it’s offshore labor in the Philippines doing most of the work.
How many people does it take to make an idea go viral? It's lower than you might think. All it takes is 10% of the population to come around and change is inevitable. To learn how we've already passed that tipping point for cloud accounting technology, read my article in the July 2018 issue of California CPA Magazine.
The U.S. Supreme Court decision expanding nexus to out-of-state online retailers continued to dominate the accounting news this week; analytics company Domo went public as watchdog warns 'stay away from this IPO'; LeaseAccelerator raised $30M in funding for lease accounting software; how Walmart is leading an effort to track its grocery supply chain using blockchain technology; and more
The big news this week is that the U.S. Supreme Court has issued a decision rewriting the rules on sales tax for online retailers. Now states can collect sales tax on orders shipped to their state, even if the retailer has no physical presence in that state. For details and analysis, take a listen to the latest episode of the Cloud Accounting Podcast.
Accountants are again taking a leadership role in their organizations with the adoption of cloud applications. According to FloQast’s new survey of accounting and finance professionals, 85 percent of respondents are facing increased challenges in hiring and retaining talent, and technology adoption is a key strategy in attracting and retaining talent.
Big Four firm KPMG International has partnered with Google to create solutions, Slack's new Actions update means your team can do more work in one place, Vermont will pay people $10,000 to move there and work remotely, the majority of medium and large accounting firms have moved all their IT infrastructure to the cloud, why introverts are better at networking, and more