Originally posted on: http://www.governright.com.au/
One of my favourite tech. industry sayings is “eat your own dog food” (aka “dog-fooding”). For those not familiar with it, Investopedia explains it as:
A colloquialism that describes a company using its own products or services for its internal operations…The basic premise behind “eating your own dog food” is that if a firm expects paying customers to use its products or services, it should expect no less from its own employees.
Ahhhh, its August, time to take a breath from the crazy time of year for those in accounting and payroll tech implementations and support!
This year, whilst GovernRight and vSure remain my primary focuses, I had the pleasure to work with a few clients on accounting and payroll tech selection and implementations. From a small NFP, to a professional services firm, to one of Australia’s largest hospitality groups, I’ve been lucky enough to be exposed to a broad cross-section of systems and put them all to the test.
For the second year in a row, I started the year with my crack at being a futurist, by publishing my predictions for the Biztech/AccountingTech industry for the year ahead. Unlike most other people who make bold predictions, again I am happy to hold myself to account and check-in on how I am going at the halfway point. I’m happy to proclaim my 2017 edition has already surpassed the accuracy of my predictions for 2016, and we’re only halfway through…
So here goes, my mid-year update with my current “gut-feel” probability of occurring in 2016, reviewing my predictions with the benefit of 6 months hindsight:
QB Connect Sydney – the review no-one else will write
OK, by now you’ve seen all the other posts, listened to all the podcasts – even if you weren’t at QB Connect Sydney, you have probably got a good feel for what transpired at the SCG on May 18.
Now it’s my turn. Time for the “Matt Paff altReview” treatment. You may have read my Xerocon 2016 review or my QBConnect US reviews (2015 and 2016). My approach is to avoid the excessive platitudes and focus on the constructive elements and call out the BS. So here goes:
Cloud Accounting – May 2017
May has been a BIG month for us Cloud Accounting nerds (and investors), with Sage, Xero and Intuit all reporting. Given the opportunity, I’ve had a high level look at the 3 results (+ MYOBs from Feb for comparison) and performed some analysis. #Interesting
I’ve spent so much time drinking coffee whilst talking about accounting technology that it was only a matter of time before a spurious correlation crept into my blog.
Happy EOFY to our east islands cousins!
As the calendar year 2017 marches on, the cloud accounting space keeps growing and growing. Had you have read my 17 Predictions for 2017 back at the start of the year, you probably weren’t too surprised by a couple of the big announcements this month.
This article is an overview of my presentation at last week’s inaugural Accounting Business Expo: “Why Advisory won’t save you from technology”.
A Consensus View
Everywhere you look, it seems the world is telling accountants that compliance work is a non-growth future (at worst a dramatically diminishing business, brought to an end by government policy and technology). The answer, according to pretty much everyone, is operational advisory – helping clients with running better businesses. An entire industry has popped up to coach and help accountants “transition from compliance to advisory”. Technology has popped up everywhere, to systemise advisory, with report packs and standardised approaches for how you monetise the “enormous, under-serviced, advisory opportunity”.
So it’s the end of summer. NRL, Super Rugby and AFL are back. Cricket, Basketball and Soccer are all still on. And this year we have the added bonus of some gender equality sweeping professional sport (as well as accounting tech board rooms), with the W League and WNBL being joined by a new Netball league and the AFLW. As Bill Lawry would say, “it’s all happening”!
And its not just happening in the world of sport. Its only the end of February and 2017 has been a massive year already in the cloud accounting space! February was so jam packed with news, its taken some editing to keep the word count down, whilst leaving room for being forthright with my opinions, lest I cop some criticism for not being true to my brand like last month (cheers for keeping me honest Adam)!