Xero’s revolving door & FY18 results impending

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.

Read more

QB Connect Sydney – The review no-one else will write

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:

Read more

Is Advisory really the future of accounting?

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”.

Read more

QB Connect 2016 – The review no-one else will write

In mid September I published an article: “XeroConSouth2016 – The review no-one else will write“. With the help of a response and tweet from Rod Drury, the article “went viral” (well relative my usual readership) and I managed to get a few extra views and likes than usual. A similar article on the biggest player in world SMB accounting tech, is a logical formula for me to follow. My mantra, go beyond the platitudes and compliments and critique the elements of the conference and strategy that warrant more in depth consideration – something I feel no-one else will do.

Read more

August Cloud Accounting Industry Update

The accounting software conference season is upon us, with Xerocon, QB Connect, MYOB Partner Conference all hot on the heels of Sage Summit. Apart from the likes of Clayton and Wayne racking up even more frequent flyer miles and social media posts, what can we expect from these events? Much of the same I expect. I don’t see any major announcements being likely.
Read more

MYOB Acquisition spree – who’s next?

Yesterday’s announcement of MYOB’s acquisition of ERP provider Greentree, won’t be the end of MYOB’s buying spree, according to their CFO Richard Moore. Moore, courtesy of Yolanda Redrup’s AFR article, states:

we do have a list of potential acquisition targets and we’ll keep reviewing that list in the coming months

This got me thinking, who else might be on that list? Based on what we know in the public arena, throw in some gut-feel and some muck-raking, here’s my guess at the MYOB shopping list:
Read more