Over the last few years I’ve tried my hand at predicting the year in cloud accounting and related biztech ahead, publicly critiquing my efforts at the start of the following year. Call me silly, call me brave, call me whatever you like. I do it because I feel too few are willing to back up their guessing with reflection. So rather than complain about it, I do what I think others should.Read more
Predicting the future is hard.
Holding yourself publicly to account for your predictions is even harder, and probably why few people do…
Before I publish my 19 predictions for 2019, it is my tradition and want, that I review my 2018 efforts.
After a solid performance in 2017, I’m marking my 2018 edition a solid B, with comment that “the student can improve with more focus in 2019!”
Here they were and here’s how I went:Read more
Recently I was asked by Xero to contribute an article to their blog on the year that was 2018.
This was the result:
On the 18th of October, Matt joined Sholto Macpherson of Digital First fame to preview his talk at Accountech Live on the SMERP Dilemma.
As it stands in 2018, there is a challenge for larger SMEs to decide between SME Cloud Accounting platforms like Xero and QBo, plus ecosystem “add-ons”, or significantly more expensive and flexible, yet less user-friendly comprehensive Business Platforms like Salesforce, NetSuite, Microsoft Dynamics 365 and MYOB Advanced.
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.
Here goes, my 3rd annual attempt at being an accountable, amateur “futurist” in the Cloud Accounting and general Biztech industry.
2017 proved (for me anyway), more predictable that 2016 (remember 2016 was the year of Trump, Brexit, Cronulla Sharks, Western Bulldogs, Leicester..). By my own marking, my 2017 Biztech predictions saw me score a respectable B upon reflection, after a horrid F for 2016.
So again I saddle up with my futurism skills moving in the right direction and a continued promise to be transparent about my predictions.
For the second year in a row, I started last 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 on how I went.
This article continues on from Part 1 from last week.
Whilst in Part 1 I reviewed the “big nuggets” from the Smarter QuickBooks messaging from QB Connect, this week I reflect on my own takeaways from the event and my “access all areas” pass.
The World Event…
An American, a Canadian, an Aussie, an Englishman and an Indian walk into a bar… No, its not a joke, its QB Connect 2017. The bar was the Fairmont San Jose and the topic of conversation was typically accounting and accounting technology.
Alex Chriss, Intuit’s SVP & Chief Product Officer, Small Business, commented that he felt the next 18 months would see more innovation than the previous 2 decades at intuit!
So, I am sorry #StephSocial (who made the point to tell me my conference reviews aren’t designed for her short-attention span #snap), but with this year’s review of Intuit’s annual conference, I have so much to write about, it is actually going to be longer than my previous articles!