NetSuite's Never Ending Mission

Blake and David are back from SuiteWorld with takeaways galore! Also on the show: we'll explore what's really going on with the proposed bank reporting scheme, and talk about how Plaid is building a payments ecosystem. We'll look at a new survey says that clients prefer tech-savvy accountants, and discuss how Xero's making it easier to upload docs through Xero Me. We'll also examine why many employers would pay more for people advice, and look into Gusto's integration with Practice Ignition, and expansion into mobile device management. Because that's never enough, we'll also talk about Expensify going free, Fiserv's acquisition of BentoBox, Sovos' acquisition of Digital Planet, and Avalara's acquisition of CrowdReason. We'll also touch on the reasons why a shocking number of small businesses are out of compliance with out-of-state sales taxes, Intuit's rollout of Money by QuickBooks, and the IRS's use of videoconferencing. All this, and, of course, much more!

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Show Notes

1:25 – The Scoop on  SuiteWorld 2021
3:17 – Sneak Peek at our talk with Evan Goldberg, founder of NetSuite. You can hear the whole interview here: 
15:00 – NetSuite Announces SuiteBanking, the First Cloud ERP to Integrate Fintech into a Unified Suite
24:00 – We’re talking about Kevin O’Leary’s SuiteWorld keynote, and the three things CAP listeners need to hear — elevator pitch, proven track record, and know your numbers
27:53 – New rules taxing businesses using PayPal, Venmo in 2022
31:41 – Blake thinks it’s best to take a ‘wait and see’ approach in this so-called proposal, until it’s a real proposal
32:11 – Plaid Builds Partner Ecosystem to Simplify A2A Payments
33:58 – Clients prefer tech-savvy accountants
37:24 – Xero wants to help your employees run all their own processes
Xero Me – Non-U.S. app
38:40 – The Guidance Gap: New Research Reveals Businesses Need Advice on People Operations
41:05 – Practice Ignition and Gusto Partner to Launch First-Ever Integration to Accelerate Adoption and Knowledge of People Advisory
41:43 – Blake talks an invitation for early access to Gusto’s mobile device management offering
42:55 – Expensify Launches Free Plan for Small Businesses
45:47 – Inside Expensify’s IPO filing
46:37 – Fiserv to acquire BentoBox
47:01 – Sovos to Acquire Istanbul-Based e-Transformation Compliance Company Digital Planet
47:29 – Avalara Acquires CrowdReason to Help Businesses Manage Property Tax Compliance
49:55 – Businesses spend heavily on sales tax compliance
50:55 – Survey: Nobody Loves the Wayfair Decision
51:51 –Stripe will acquire Recko to help internet businesses automate payments reconciliation
53:59 – Coinbase stock rises after Facebook taps it for help on new cryptocurrency project
54:19 – Intuit Introduces Money by QuickBooks, Mobile Banking Designed for Small Businesses
57:12 – PayPal is in late-stage talks to acquire Pinterest
59:27 – IRS begins using videoconferencing to meet with big businesses

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

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