We note there’s been a LOT of buyout/acquisition activity, particularly in the inventory management software space (DEAR bought by Cin7, Fishbowl by Diversis, Unleashed by The Access Group etc).
There have been quite a few logo changes. A few new players in traditional segments. A couple of name changes (FinancialForce now Certinia and DEAR now Cin7 Core for example).
And in 2023, the rise and rise of AI – we are seeing more traditional businesses adopt tools like ChatGPT by OpenAI for:
Help with writing emails and content;
Creating inventory information sheets and website product descriptions;
Fast and effective graphics; etc
NOTE: this is not promoted as a comprehensive list, quite the contrary. We openly admit there are far more tools available, but the sheer volume of what we have been able to pull together makes the point that B2B inventory-based businesses have a vast array of software tools available to them!
For those following along at home, you may recall a post I wrote in July last year on the unusual share price movement of MYOB listed Value Added Reseller (VAR) Enprise (NZE: ENS) titled “Are MYOB getting screwed in their desire to go direct?“.
This infographic pulls together over 250 software applications used in Australian and New Zealand wholesale, distribution, import and manufacturing (B2B inventory-based) businesses. We have tried to group appropriately though note solutions can be difficult to pigeon hole as their functionality expands beyond an individual task.
In August I posted this article (I’ve just updated the graphics slightly) signaling my intention to publish a series of blogs on the Accountant’s Software market. Across the preceding 12 months, I had undertaken two separate paid research projects on the state of this market and wanted to publish some of the key findings for the interest/benefit of others.
It’s time the mid-market accounting technology space woke up and realised its 2018. In Australia, MYOB have handed them the “goose that lays the golden eggs” with their decision not to take Single Touch Payroll to MYOB Premier (see my previous article) and yet none of them are in a position to genuinely capitalise, because they aren’t even playing the same game as the likes of Xero and Intuit!
Where are the bank feeds? How about a solid ecosystem of best of breed add-ons? How about AI and machine learning? How about a modern, mobile optimised UI with decent UX design? Why are these the domain of “small business” systems like Xero and QBo at one end and “corporate solutions” like Workday at the other? What happened in the middle?
A recent experience with a client (which is representative of what is going on in the broader mid-market) has really “got my goat” and compelled me to speak out!
There’s been quite a stir around “the industry” over the last month about the churn of key people at Xero. First there was the “succession” of founder Rod Drury, cased in rumours and innuendo, that bears not repeating.
The concern for (not many) investors (judging by the share price since Rod’s departure) was the timing.
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:
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 Read more