SuiteWorld Recap & Bookkeeping Startup Raises $200M

The Accounting Podcast

Just returned from SuiteWorld, Blake and David discuss key takeaways from Oracle NetSuite's conference, including product updates and the event's growing scale. They also examine recent fundraising and acquisitions in the accounting-tech space, notably bookkeeping startup Finally's $200 million Series B round. Moving on, there's Big Four firm news, including PwC's layoffs and return-to-office policies, as well as a viral TikTok trend exploiting a Chase Bank ATM glitch.

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Chapters

• (00:46) - Recap of Oracle SuiteWorld Conference
• (02:26) - NetSuite's Growth and Market Position
• (12:48) - Product Announcements and AI Integration
• (18:56) - Listener Questions and Career Advice
• (26:03) - Bookkeeping Startup Raises $200 Million
• (29:13) - Exploring All-in-One Bookkeeping Services
• (30:03) - The Future of Accounting Software Market
• (31:31) - Mercury Bank Acquires Teal
• (32:12) - Challenges in Automated Bookkeeping
• (35:39) - Consolidation in the Financial Services Industry
• (38:44) - Viral TikTok ATM Glitch Exploits
• (42:18) - PwC Layoffs and Office Policies
• (50:09) - Deloitte's Olympic Gold Medalist
• (54:58) - Career Advice for Tech and Accounting Professionals

Show Notes

Oracle NetSuite – SuiteWorld

https://www.netsuitesuiteworld.com/

Accounting Software Market Size With Growing Demand and Forecast to 2032

https://www.linkedin.com/pulse/accounting-software-market-size-growing-demand-qsgic/

Mercury acquires Teal

https://mercury.com/blog/inside-mercury/mercury-acquires-teal

Revolut Business Adds Bill Pay Feature

https://www.pymnts.com/news/b2b-payments/2024/revolut-business-adds-bill-pay-feature

Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider

https://www.airbase.com/press-release/paylocity-announces-definitive-agreement-to-acquire-airbase-inc-a-leading-spend-management-software-solution-provider

The Chase ATM 'glitch' that went viral is likely check fraud, bank says

https://www.usatoday.com/story/money/2024/09/03/chase-bank-atm-glitch-fraud/75058813007/

PwC Laying Off 1,800 Employees in First Formal Cuts Since 2009

https://www.wsj.com/articles/pwc-laying-off-1-800-employees-plans-restructuring-of-products-business-b5dfe7c1

PwC tells employees it will use location data to police 'back-to-office' rule

https://www.ctvnews.ca/business/pwc-tells-employees-it-will-use-location-data-to-police-back-to-office-rule-1.7031968

PwC Isn’t Used to Being Called Desperate But Here We Are

https://www.goingconcern.com/pwc-isnt-used-to-being-called-desperate-but-here-we-are/

Deloitte rower earned gold at Paris Olympics

https://www.accountingtoday.com/news/deloitte-rower-earned-gold-medal-at-paris-olympics

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Transcripts

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page