SuiteWorld Recap & Bookkeeping Startup Raises $200M

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. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow The Small Business Research Institute - http://accountingpodcast.promo/ceanow SafeSend - http://accountingpodcast.promo/safesend 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 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info?  Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast Classifieds Forwardly - https://www.forwardly.com/ Client Hub - https://clienthub.app/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page