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.
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.
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.
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.
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!