Here's a roundup of the best links I clicked on this past week. Do you have an item that would be a great fit for a future update? Click here to suggest a link.
Financial Review — KPMG signs IBM supercomputer deal to 'help not replace' accountants
The Financial Review reports that KPMG Australia has inked a deal to use IBM's Watson to assist with audits. You may remember Watson as the supercomputer that won the gameshow Jeopardy! in 2011. KPMG claims that the move will not lead to job cuts, but it's difficult to believe that increased automation won't eventually lead to smaller head counts. (read)
TechCrunch — Zenefits halves its previous valuation to $2B to head off investor lawsuits
To avoid investor lawsuits after reports that Zenefits has been skirting insurance industry regulations, Zenefits is changing its ownership structure to increase the ownership of late-stage investors and dilute the ownership of earlier-stage investors. The move also revalues Zenefits at $2 billion, down from $4.5 billion. That's still more than 30 times its annual recurring revenue of $60 million. (read)
Just for Fun
Xero is a question on Millionaire
Accounting software Xero was a question recently on the Australian TV quiz show Millionaire Hot Seat, a spin-off of the internationally famous show Who Wants to Be a Millionaire? It's difficult to imagine any accounting software being similarly featured on an American TV show, but Xero is big in Australia, with 2.5 times the users of MYOB, the other major cloud accounting provider in the region.
This American Life — Choosing Wrong
Ira Glass and company explore the reasons people make the wrong decision (such as shooting free throws overhand), even though the alternative is the obvious choice according to the facts. Is there a parallel here to accountants who refuse to move to the cloud? (listen)
IMPACT Branding & Design — How to Build a Powerful Website for Professional Service Providers
While it's good to fit in with your website, it's also important to stand out if you're going to win business over others in your area of expertise. Here's how, including 7 elements that you should be using in your website. (read)
FreshBooks — FreshBooks sent out an email this past week informing users that they can get a free account from OneSaas to keep the sync with Xero going after Xero discontinues their sync with FreshBooks on September 1. To qualify, you'll need to be on a paid FreshBooks plan. Then contact FreshBooks support to get your free OneSaas account.
QuickBooks — Now you can...
- attach files to customers and vendors,
- show/hide the attachments column on customer/vendor transaction lists, and...
- automatically copy an estimate to a purchase order. (read)