artificial intelligence

It’s not a bot — the truth about Botkeeper, the Google-funded, AI-powered “bookkeeper replacement”

It’s not a bot — the truth about Botkeeper, the Google-funded, AI-powered “bookkeeper replacement”

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 will the Supreme Court sales tax ruling affect accountants?

How will the Supreme Court sales tax ruling affect accountants?

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

Supreme Court sales tax ruling is a windfall for Avalara

Supreme Court sales tax ruling is a windfall for Avalara

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.

New Survey Finds Accounting Teams Embrace Technology to Solve Hiring Challenges

New Survey Finds Accounting Teams Embrace Technology to Solve Hiring Challenges

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.

Lessons on Radical Leadership from a Study of Music

Lessons on Radical Leadership from a Study of Music

Recently I was asked to speak for FloQast at the The CFO Leadership Council annual conference in Boston. The theme was "Radical CFO," so I thought I'd do something radical and share a lesson I learned about leadership as a young cellist in the San Francisco Symphony Youth Orchestra.

Think There's a Talent Shortage Now? Just Wait

Think There's a Talent Shortage Now? Just Wait

There’s plenty of talk about the difficulty of hiring and retaining good CPAs, but it appears this trend isn’t limited to the accounting profession. CFO.com reported recently on a looming global talent shortage, which according to economic modeling, will reach about 85 million people by 2030.

Can't find the app you need? Build it yourself!

Can't find the app you need? Build it yourself!

My favorite story this week is about an accountant who couldn’t find the budgeting app he wanted for his clients, so he built it himself using developers hired on the freelancing site UpWork.

What's New with NetSuite from SuiteWorld 2018

What's New with NetSuite from SuiteWorld 2018

I’m back today from SuiteWorld 2018 in Las Vegas. For those who couldn’t make it to SuiteWorld (or those who skipped the keynote to sleep in), I’ve summarized my key takeaways regarding new NetSuite products and future releases. 

The Future of Accounting Teams

The Future of Accounting Teams

Want to hear a crazy stat? Jeff Phillips, CEO of the recruiting site Accountingfly, says that these days a remote or hybrid (combination of remote and local) job will get seven times the number of applicants that a traditional in-office job gets. For this and more of the top links I clicked on this past week, read the latest issue of Cloud Accounting Weekly.

From Excel to the NHL

From Excel to the NHL

Here's my collection of the top links I clicked on this past week, including an article on Forbes by Aaron Harris of Sage Intacct, Inc. about how the future role of the CFO resembles that of a data scientist more so than an accountant. And also that accountant who who got the chance of a lifetime to play in an NFL game with the Chicago Blackhawks!