What’s new with Sage Intacct from the Intacct Advantage conference in Nashville; David has joined the AutoEntry team as their Principal Technology Evangelist; results from the 2018 Intuit Average Billing Rate Survey; three key steps that accounting teams can take to attract and retain the industry’s top talent; and the dark side of accounting expertise
Levi Morehouse of Ceterus outlines how technology is shaping two future career paths for accountants; Jeff Bezos shares how he structures his day to be most effective; PwC launches a “Digital Accelerators” program to future-proof staff; Garrett Wagner explains how a focus on billable hours drives Millennials away from your firm; Sage Intacct reveals acquisition and integration of Budgeta for FP&A into the Intacct product; the Trump Administration’s proposed tariffs on China could increase costs for cloud computing services; and Intuit now supports tokens for bank feed authentication.
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.
In this episode, I'm joined by Mike Whitmire, co-founder and CEO of FloQast. We discuss whether or not big firm CPAs are "insecure overachievers," how tax reform is accelerating the shift to automation in manufacturing, Sage's plans for international growth with Sage Intacct, why cloud accountants are embracing the business chat tool Slack, and why the War on Excel is a mistake.