Blake and David share news and stories about the era of cloud ERP, blockchain, banking investments in FinTech, multi-factor authentication, why America needs more accountants in Congress, whether or not the Big Four have los their advantage in audit technology, and the growth of remote work among the professional class.
Intuit’s Small Business Online Ecosystem Revenue increases 42 percent in its latest quarterly results; takeaways from QuickBooks Connect from Matt Paff and Sholto Macpherson; a new survey shows that 38 percent of employees resent when IT dictates the tech they use at work; crazy stats from the 2018 High Growth Study of professional services firms by Hinge Marketing; why blockchain won’t put accountants out of work anytime soon; and multi-factor authentication headaches
The Government Accountability Office (GAO) has recommended the use of phishing-proof FIDO security keys to prevent tax scams. Also this week: payroll and HR provider Gusto raised a $140 million Series C at a $2 billion valuation; cloud accounting software maker Xero has moved to acquire Hubdoc (a data capture solution); Stampli, an invoice management platform for midsize and enterprise businesses, raised a $6.7 million Series A; and attacks on the open office continue unabated.
Blake shares his thoughts on the first year of the Accounting & Finance Show LA under new management, then David & Blake discuss the latest accounting news, including: NetSuite's outage this week that prevented many businesses from accessing their ERP for almost a whole day, Google's hardware multi-factor authentication program that has prevented 100% of phishing attacks on its huge workforce, the recent breach of ComplyRight (a large 1099 processor), and why Hector Garcia's popular QuickBooks-focused YouTube channel was suddenly deleted without any warning. (We still don't know).
Welcome to the first episode of Cloud Accounting Weekly, the Podcast Edition! Phil Gross joins the podcast to discuss top stories in accounting technology from the past few weeks. Topics in this episode: The hack of Deloitte's email server, the debate over remote vs. office work, the untold story of how Xero got its domain name, whether or not to move data when converting accounting systems, and JPMorgan's investment in Bill.com.