Folgen
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Welcome back to ‘Digi-Tools in Accrual World’ - the best place to stay up to speed on the world of finance, tech and accounting.
This episode we debate whether accountants and bookkeepers are leading the charge with AI, laugh about John's beer subscription dilemma, and discuss the magic of Indi’s vegan pies.
Plus, we geek out over Xero's latest updates, Revolut's new banking license, and iPlicit's rise in the mid-tier market.
Feast your ears on some witty banter, insightful app news, and tales from the world of digital disruption.
00:00 Intro
App News
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02:34 Sage's AI Report
10:11 Futrli Consolidates
11:02 Xero Technical Best Practice for Apps
12:17 Xero Mentor Match
14:12 Xero New Invoicing
18:50 Revolut Banking License
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21:39 iplicit - getting off entry level systems
28:09 Beer subscriptions
31:59 Rate the pod!
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In this full-throttle episode of 'Digi-Tools in Accrual World,' hosts Ryan Pearcy, John Toon and Indi Tatla, dive into the latest happenings and app news in the UK digital accountancy space.
From the chilling tales of the North, magnesium foot rubs for better sleep, to rubbing vitamins into bald heads for that 'shiny and glossy' look, we’ve got it all.
Our guest this week is Phil Hobden who shares his fascinating career journey and insights into the Accounting Tech Forum - the ‘secret’ vendor slack group where accountants aren’t allowed. Sort of.
Ready for some accounting romance advice and the lowdown on vendor gossip? This episode’s got you covered. Enjoy the laughs and the insights!
00:00 Intro
App News
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04:30 Intuit Growth
06:01 Sage Intacct Enhancements
09:14 Xerocon Nashville Roundup
12:07 Xero Price Increase
14:36 New Apps in the Xero App Store
15:15 Dext Enhancements
17:50 Wig Wham Bam!
21:53 Night on the Toon
28:11 Interview: Phil Hobden - What do vendors talk about in their secret Slack Group?
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30:26 Phil's Industry Experience
39:16 AccountTech Forum
45:45 Blurred Lines and Xerocon Babies?
52:07 Event Fatigue
01:03:09 Outro
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Fehlende Folgen?
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Back again with another pod and the latest App News from the accounting tech space - including everything from the much-anticipated Digital Disruptor Awards to the latest updates from Xero, QuickBooks, and more.
Ryan juggles the chaos of a newborn, while John reminisces about tent life and questionable camping experiences - in stark contrast to Indi's adventures with mostly-indoor Danish hospitality and colossal steaks.
All this, sprinkled with our usual tangents about mermaid statues, passionate embraces, and an egg-splitting science lesson.
Grab your ticket to the awards coming up in September! https://www.digital-disruptors.com/awards
00:00 Hello!
App News
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03:19 Bundle Blunder?
08:47 Intuit Making Trade Gecko Stick
12:40 XBert gets more expert
15:30 Dext Precision Customisation
19:22 Deputy Dawg
20:50 FreeAgent Timesaving update
21:56 Intercompany Turf War Brewing?
24:51 John's Tent Trip Debrief
33:10 Rate and subscribe!
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The Digital Disruptors are back again (mostly) with another update on all things cloud accounting.
As we navigate the holiday madness, new tech debuts, recruitment Tinder and a plethora of “plethoras” - we’re asking for your support in nominating the great and good of the UK accounting tech scene.
Nominations for the Digital Disruptor Awards close tomorrow evening - get your nominations in here:https://forms.gle/8L3JZ4KNq7D5NGS49
00:00 Intro
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App News
05:16 Silverfin Spotted Hunting in Australia
07:48 Sage Wars: The AI Awakens
10:35 I Love Lucy
11:29 Gary Potter and The Prisoner of AI-zkoban
13:53 Return of the Jack
15:20 QBO HMRC CIS API! (wtf?)
16:11 Please, Xero - Can I Have Some More Apps?
19:36 The Tinder for Recruitment - Employment Hero
27:54 Get off My Land!
34:32 Interview - Silverfin & MYOB, Sitting in a Tree
51:32 Leave a review (and don’t forget to nominate!)
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Are Fintechs moving too fast to keep cybercriminals out?
This time we’re talking compliance! And not your boring, garden variety compliance (although Indi probably has some of that on the grounds somewhere).
No, the kind that leaves the door open for some cockwomble in a server dungeon to steal tens of thousands of pounds if it’s not done properly.
Yeah - that’s sort of compliance.
Bad actors, or fintechs asleep at the wheel? Let’s find out…
Also - the question on everyone’s lips - what colour is Indi’s aura? All will be revealed in the pod!
0:00 Hello!
01:58 Foraging in Indi's back garden
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App News
04:05 Tech Layoffs - Intuit (and Dext?)
07:29 Dext Upcoming Releases
08:41 Allica way you move
10:24 New App: Briefcase
12:11 New App: Pinvo
13:44 Cone as you are
16:34 Free Market FreeAgent
17:41 45 mins of Xero Releases
20:50 BrightPay Cloud Enhancements
22:28 OpenTax from Adsum
26:01 New Advisory Service Opportunities - Employment Hero
31:32 I'm Auright, you're Auright
34:20 Fintech - Fast and Furious
40:22 Fintech - Fast and Furious- Alex Falcon
59:56 Rate the pod!
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We quickly avoid Indi’s bunker to get the latest news in the accounting tech space for disruptors involved in digital transformation.
We also bring you a session from the Digital Digest - with a deep dive into practical AI tools for your accounting or bookkeeping practice.
Kevin Fitzgerald returns to chat about the huge opportunity in Outsourced Payroll and John’s aura remains a mystery.
00:00 It's not that big!
01:49 Intro
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App News
05:05 Bright Eyes My Workpapers
06:49 Yes, it's a Dextender!
09:36 AirWallex and QBO
11:20 Xero For Education
12:41 Netsuite for Healthcare
14:17 Xero App Marketplace Updates
16:22 Xeinadin: It's time for Sage and Onion... And I'm all Out of Onion.
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18:16 The HUGE Outsourced Payroll Opportunity - Employment Hero
25:33 John's Brown Aura
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28:55 AI in Practice Tools
30:28 Eliminate Email
32:33 Trash The Timesheets
33:47 Examples of a leading vendors in AI
35:52 Automated Audit?
39:56 Tackling Tax
42:14 Rumbles in America
44:24 Skynet for Accountants
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48:41 Rate the pod!
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Wrapping up the events-season, we recap Xerocon and the Engage conference, as well as hearing from Kevin Fitzgerald at Employment Hero about their recent comms FUBAR, the usual App News and part two of Celso Pinto's revealing interview!
In this jam-packed episode, John Toon, Indi Tatla and Ryan Pearcy catch up on their latest misadventures at Engage in Vegas and Xerocon.
From needing makeup (yes, really!) to debating podcast rivalries and innovations in the app world, strap in for another informative and hilarious ride!
Also, we dive into the future of AI in accounting (probably a different take to what you've already heard) from the eyes of successful tech founder.
Don't miss out on app news, and updates you need to stay on top of your game! Join us, subscribe, and let's disrupt digital accounting together!
00:00 "Mr Pearcy to hair and makeup, please"01:00 Welcome to Digi Tools in Accrual World!
05:22 App News~~~~~~~~~~~~~~~~~~~~~~~~05:29 Xerocon Announcements09:38 ...more Xero updates10:52 Intuit keeps eyes on the road12:19 MailChimp 👉 MailChamp?14:12 Quickbooks - new invoice send method15:20 Sage for Accountants: Lots of updates16:46 FreeAgent Mobile Update17:53 Syft AI Launched19:07 Accounts IQ gassing up the tanks to keep the mid-market interesting23:27 ApprovalMax taking it to the... Max26:53 Dext Collects27:58 Silverfin - FRS105 and CH sync29:40 "There are only two ways to make money in business..."
33:57 Employment Hero - Comms SNAFU41:05 US Podcast Beef
41:58 Celso Pinto - Part 2~~~~~~~~~~~~~~~~~~~~~~~~42:22 Raising Seed Money44:57 Emerging Competitors47:14 How could AI shock the profession58:02 Exiting Pixie01:00:06 Finding the right leaders at the right time
01:07:48 Leave a rating! 😃
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Buckle up and join us for a rollercoaster episode straight from the sizzling streets of Las Vegas with the latest in accounting and finance tech!
John Toon navigates Eurovision vibes, European-style sunbathing and sky-high Starbucks prices at Engage conference.
Along with the latest App News and updates from FreeAgent, do not miss Pixie co-founder Celso Pinto's insights on starting, building and exiting from Pixie in the noisy, noisy marketplace of accounting tech.
00:00 Looney Toon's Vegas Adventure03:47 Intro
App News~~~~~~~~~~~07:26 Intuit's Impressive Quarterly Results10:41 Xero's Strong Financial Year15:00 Sage's Net Zero Targets and ESG Reporting20:10 Sage Partnering with DonerPerfect21:27 Sage Intact's New Features and Updates25:28 Xero's Pricing Plan Changes32:04 HG's Acquisition of AuditBoard
33:55 FreeAgent - Tony Stevenson: Why Digital Transformation is a Team Sport39:38 What Happens in Vegas Better Stay in Vegas
Interview: Celso Pinto~~~~~~~~~~~42:12 Celso's Origin Story49:24 Starting Pixie53:33 Making Tough Product Decisions
01:10:08 Like, subscribe and rate the pod! 😃
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Welcome back to the Digi-Tools in Accrual World podcast!
Join us as we throwback to Accountex, where Ryan decided to desert us for the peaceful woods.
Indy lost her voice, John was knackered - but thankfully we had some stellar help from the Systems Advisory Network.
As always, this episode covers the latest in app releases, raises and acquisitions
Plus, we see which of us can delay mastication the longest.
Special shoutouts to our Accountex saviours: Dayle, Julie, and Keaton.
00:00 Intro
App News:~~~~~~~~~~~~~~~~~~~02:09 Lightyear Acquired03:19 Access Group's Acquisition Strategy and Ecosystem05:00 Canopy + Practice Management AI Innovations08:22 Layer's Ambitious Goal to Replace QuickBooks10:21 FreeAgent's New Integrations and Updates11:54 FYI Elite: A New Era in Practice Management?13:03 Why iplicit are a great employer14:06 Everyone’s favourite Xero update…14:51 Quickbooks Ledger15:18 Valid8me… validated15:51 Sage's CoPilot and AI Developments18:01 AirWallex Bill Pay Solution Integrated with Xero19:36 Mercia and Inflo's Partnership21:15 Ember and HSBC UK's Embedded Finance Partnership22:35 TaxCalc Expands with Group Reporting~~~~~~~~~~~~~~~~~~
24:25 FreeAgent Tortoise or Hare?
29:42 Delayed Marshmallow Mastication
System Advisory Network: Accountex Retrospective~~~~~~~~~~~~~~~~~~32:58 Introduction33:32 Insights from Dayle and Julie34:42 Keaton's Experience and Reflections35:39 Diverse Queries and Solutions36:54 The Digital Disruptors Network37:35 Conversations and Networking at Accountex43:16 Exploring New Technologies and Vendors51:27 Outsourcers As Far As The Eye Can See!55:39 Final Thoughts and Future Plans~~~~~~~~~~~~~~~~~~
01:02:56 Rate the pod!!
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#S4E10
Wading through the post-conference blues (before the big blue conference) we’re back with another episode!
In App News:
0:04:28 Allica Bank's New Partnerships Team
0:05:50 Closure of Influential Women's Tech Network
0:07:40 Highlights from the Xero Awards
0:09:42 New Features and Updates from Xero
0:10:54 Xero Small Business Index
0:12:29 Planday AU
0:14:07 Payhawk + Amex
0:15:04 Soldo + Triver
0:15:45 WorkflowMax Data Transition Issues
0:17:06 Client Engager and Tax on Demand Partnership
0:17:51 NetSuite's Generative AI Features
0:20:00 Funding News: Tabs and Sumday
0:23:47 Acquisition of Inventoro by Cin7
0:25:10 Active Workpapers' New Features
This episode’s guest is (now former) Xero MVP Lauren Harvey from Full Stop Accounts. Lauren shares some incredible stories, from her unique career journey and significant industry shifts to promoting better human connections and tackling menopause challenges in a high performance environment - something everyone should know more about.
Less inspirational is Ryan’s funky spunky garden problem and bringing the ‘tone’ back up again is our friendliest sponsor - FreeAgent!
Be sure to rate, like and subscribe to the podcast and get in touch with us at www.digital-disruptors.com/
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The legendary Tony Stevenson from FreeAgent joins us on the podcast this week. Voted the friendliest accounting tech software, we're putting the spotlight on the host of new features they're releasing over the last few months. Watch this space to hear and see more!
Also Jordan Vickery reveals the growth playbook for accounting techs looking to shore up adoption success post the host of accounting events.
And in app news this week is a skinny:
HMRC to replace government gateway - https://www.accountingweb.co.uk/tech/tech-pulse/hmrc-to-roll-out-government-gateway-replacementGovernment fund for AI skills - https://www.accountingweb.co.uk/tech/tech-pulse/government-fund-offers-accountants-ai-skills-upgradeEmployment Hero acquires - https://www.linkedin.com/pulse/employment-hero-wants-give-employers-time-back-so-we-company-ben-tlxkc/Mimo launched - https://www.linkedin.com/posts/alexander-gernandt-segerby-31818a6b_extremely-proud-to[…]041588203521-Om8u?utm_source=share&utm_medium=member_desktopIplicit for housing associations - https://www.iplicit.com/blog/iplicit-helps-housing-associations-as-they-face-digital-transformationIplicit updates partical vat calculations - https://www.accountingweb.co.uk/community/industry-insights/iplicit-unveils-more-time-saving-features-to-help-charities-tackle -
Have you caught the news on the latest apps in the market? There are some new kids on the block in payment automation apps, and we're keen to hear from some of the OGs to find out their perspectives and lessons learned on market trends/adoption over the last two years. We spend some time with Joe Lines, CEO of Nook, to talk about tech innovations, future features and the appetite from SMEs for more.
Tune in if you're looking to compare the market on AP or AR automation.
We also spend some time with Vipul Sheth, whose upcoming pre Accountex event is imminent. If you're not on his list and want to see whether you'd benefit then here's 8 minutes from the man himself.
Finally app news this week:Phil Hobden joins Silverfin - https://www.linkedin.com/posts/philhobden_accountex-accountants-fintech-activity-7181574519524839424-FrEF?utm_source=share&utm_medium=member_iosDiya Jolly promoted to CPTO - https://www.xero.com/uk/media-releases/diya-jolly-promoted-chief-product-and-technology-officer/Five vendors for MTD ITSA release - https://www.accountingweb.co.uk/tech/tech-pulse/five-vendors-available-as-hmrc-readies-mtd-itsa-testing-relaunchSpendesk acquires Okko - https://www.pymnts.com/acquisitions/2024/spendesk-adds-procurement-to-spend-management-platform-with-okko-acquisition/Xero new invoicing - https://blog.xero.com/product-updates/xero-invoicing-smarter-flexible-future/Syft updatesScrutton Bland acquired by Sumer - https://www.accountancyage.com/2024/04/10/sumer-expands-scottish-and-northern-english-footprint-with-merger-of-eq-and-douglas-home-co/ -
Apron, the AP accounting tech focusing on all things payable, has been on a mission for some big software releases since it burst onto the scene late last year post their Series raise. We catch up with Bogdan Uzbekov about his plans to service the accounting market and plans to go into banking, carding or lending. Hear more here.
Don't forget to book your ticket for our upcoming event - we hope to see you at the Digital Accountancy Show on the 16th and 17th of April.
And this week in app news:
Iplicit – 18th fastest growing UK business - https://www.ft.com/ft1000-2024?utm_content=284715055&utm_medium=social&utm_source=linkedin&hss_channel=lcp-10141131Iplicit is best MAT tool – MAT awards - https://www.iplicit.com/blog/iplicit-secures-tech-company-of-the-year-accolade-at-na[…]tm_medium=social&utm_source=linkedin&hss_channel=lcp-10141131Allica bank integrates with Sage and Xero - https://www.assetfinanceinternational.com/index.php/technology/technology-archive/technology-articles/23570-allica-bank-announces-integrations-with-sage-and-xero-accounting-platformsCoconut acquires MyPAYE https://www.accountingweb.co.uk/tech/accounting-software/coconut-owners-acquire-cloud-payroll-tool-mypayeXero announces exciting payroll changes - migration made easy - https://blog.xero.com/product-updates/new-changes-in-xero-payroll-uk/Capium releases new time and fees - https://www.accountingweb.co.uk/tech/practice-software/capium-releases-new-time-and-fees-tracking-moduleZahara custom fields and payments Dext due dates extraction - https://www.linkedin.com/posts/stephenedginton_we-now-extract-due-dates-via-ai-dext-used-ugcPost-7170766424586588160-5sX3?utm_source=share&utm_medium=member_iosNook app updates - payment run resolutions & ability to change scheduling dates on payments and rules & pre-warning of shortage of funds. Payments for payroll via the app!BBC AI taking grind out of accountancy https://www.bbc.co.uk/news/business-68553123 -
Join John while he interviews Vidya Peters on her time so far with Datasnipper. Ex-Marqeta COO, Vidya was appointed CEO of Datasnipper, an intelligent automation platform that recently raised $100 million in a Series B funding round at a valuation of $1 billion. John catches up with Vidya to find out the plan for growth in the UK and all things accounting.
Also we find time with Vipul Sheth, CEO of AdvanceTrack, to talk more on the opportunity for mid-tier firms and trends he's seen on recruitment of talent in the space.
In this week's app news:
Bye bye Xero Go - https://www.linkedin.com/posts/siwoodhams_uk-mobile-app-xero-go-to-be-retired-xero-activity-7173598209813000193-UCSa?utm_source=share&utm_medium=member_ios, https://blog.xero.com/product-updates/retiring-xero-go/Alex Von Schirmeister expans role to EMEA - https://www.linkedin.com/posts/alexander-von-schirmeister-045375_i-am-delighted-to-have-been-asked-to-expand-activity-7170458969570758656-h3V9?utm_source=share&utm_medium=member_iosXero payroll Bureau productXero releases JAX - https://www.accountingweb.co.uk/tech/accounting-software/xero-backs-generative-ai-to-accelerate-software-shift-to-mobileSage co-pilot - https://www.accountingweb.co.uk/tech/accounting-software/sage-unveils-cross-platform-generative-ai-copilot-toolRP - Sage expands construction solutions with acquisition - https://insightfulaccountant.com/accounting-tech/general-ledger/sage-expands-and-enhances-construction-solutions/QBO confirms FRS102 and personal tax filing - https://www.accountingweb.co.uk/tech/accounting-software/quickbooks-confirms-frs-102-and-personal-tax-filingDatasnipper - $1B valuation - https://www.linkedin.com/posts/abigail-weir-b68917198_thank-you-nyse-for-inviting-the-datasnipper-ugcPost-7171978576378994688-ruLq?utm_source=share&utm_medium=member_iosWolters Kluwer unveils CCH IFIrm cloud tax and accounting https://www.accountingweb.co.uk/tech/practice-software/wolters-kluwer-unveils-cch-ifirm-cloud-tax-and-accounting-platformWolters Kluwer release AML for CCH Ifirm https://www.accountingweb.co.uk/tech/accounting-software/wolters-kluwer-releases-cloud-aml-module-for-cch-ifirmApron invoice capture released - https://www.accountingweb.co.uk/tech/accounting-software/apron-serves-up-invoice-capture-tool-to-streamline-accounting-dataMTD ITSA testing starts 22/4 - https://www.accountingweb.co.uk/tax/hmrc-policy/hmrc-to-kick-off-mtd-itsa-testing-on-22-aprilPleo – invoice approvals, invoice status, employee reimbursements Pleo pricing changes – Pleo’s Advanced Plan starts at £99/month - and includes new releases such as spending budgets, SaaS vendor cards and higher overdraft limits. Cashback contracts require minimum 12-month commitment with upfront paymentLightyear employee expenses - https://www.lightyear.cloud/features/expenses -
This week we are joined by MD of Major's Accounts, Eriona Bajrakurtaj, who talks about her entrepreneurial journey from very humble beginnings to being one of the most enterprising female entrepreneurs in the accountancy industry. If you're looking at how to shake up your Practice and press a hard reset, give this a listen to see if Eriona's playbook could work for you.
Also we're joined by Vipul Sheth, the CEO of AdvanceTrack Outsourcing, who talks about the value of his tech stack and data. Outsourcing is not for every firm but at a time where finding good talent is not easy, AdvanceTrack are leading the way on remote management of resources with a tech first approach.
Finally in this week's app news:
Pento acquired by HiBob - https://www.linkedin.com/posts/jonasboegh_glad-youre-here-welcoming-pento-to-the-activity-7163092169174589440-cVuS?utm_source=share&utm_medium=member_androidQBO – advanced forecasts - https://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-online-advanced-financial-forecasts/QBO standard payroll replaced by Core QBO Bureau payroll launches Revolut to release Billpay later 2024 - https://www.linkedin.com/posts/marcelvanoost_banking-digitalbanking-businessbanking-activity-7165618394849882113-ovG9?utm_source=share&utm_medium=member_iosKPMG launches AI tax tool with Blue J - https://www.accountancyage.com/2024/02/22/kpmgand-blue-j-launch-ai-tax-tool/Chaser releases auto-call - https://www.linkedin.com/posts/soniadorais_automation-chaser-accountsreceivables-activity-7165753014652223489-4KcQ?utm_source=share&utm_medium=member_iosFreeAgent Dext Prepare integration - https://www.freeagent.com/blog/dext-prepare/FreeAgent extends Amazon integration - https://www.freeagent.com/blog/extending-amazon-integration-reach/Mayday intra entity recharging End of the road for TAS Books - https://www.accountingweb.co.uk/tech/accounting-software/tasbooks-heads-for-the-exit-doorCapium releases Time & Fees - https://www.accountingweb.co.uk/community/industry-insights/introducing-capiums-new-time-fees-software-for-the-accounting-andCompanies House fee increases, plus digital only - https://www.accountingweb.co.uk/business/financial-reporting/companies-house-fees-set-to-rise -
This week we're joined by the super impressive Sabby Gill who talks to us about how Dext has levelled up on its core product, Bookkeeping Data Automation. We cover latest changes and priorities for the business as well as Dextension and the application of AI in the roadmap.
Also in this week's app news:
End of QB desktop in US? - https://insightfulaccountant.com/accounting-tech/general-ledger/is-july-31-2024-the-end-of-quickbooks-desktop/Datasnipper valuation $1bn - https://www.linkedin.com/posts/youssefhounat_datasnipper-startup-that-uses-ai-to-eliminate-activity-7158781672820264960-4IM-?utm_source=share&utm_medium=member_androidPennylane becomes unicorn -https://techcrunch.com/2024/02/07/accounting-software-startup-pennylane-becomes-frances-latest-unicorn/ChangeGPS will be part of Access - https://www.linkedin.com/posts/davidboyar_i-am-thrilled-that-the-next-phase-of-changegps-activity-7158562132257566724-zPMn?utm_source=share&utm_medium=member_iosClassic invoicing is retiring – Xero – App news channel 30/1/24Karbon billing and payments Xbert launches AI data tool - https://www.accountingweb.co.uk/tech/accounting-software/xbert-launches-ai-data-tool-in-the-ukDeepfake CFO - https://www.accountingweb.co.uk/tech/tech-pulse/deepfake-cfo-dupes-hong-kong-business-into-ps20m-paymentSage for accountants release - https://www.accountingweb.co.uk/community/industry-insights/sage-for-accountants-in-2024-the-11-latest-features-to-enhance-your -
Hear the latest app news with Ryan, John and Indi:
HMRC mandate payrolling benefits https://www.accountancyage.com/2024/01/25/hmrc-to-mandate-payrolling-of-benefits-from-april-2026-implications-and-preparations-for-accountants/Launch of Receipt Bot - https://www.accountingweb.co.uk/tech/accounting-software/receipt-bot-targets-accounting-data-revolutionXemplo integrates with xero payroll - https://www.linkedin.com/posts/xemplo_xemplo-xero-payroll-integration-explore-activity-7155012613800652800-6acN?utm_source=combined_share_message&utm_medium=member_ioGoCardless enhances FreeAgent integration - https://www.freeagent.com/blog/direct-debit-gocardless-payments/Naq raised €3m seed round - https://www.linkedin.com/posts/activity-7155868898850930688-Tlpl/?utm_source=combined_share_message&utm_medium=member_iosNetcall acquires Skore - https://www.linkedin.com/posts/skore-labs_netcall-acquires-process-improvement-provider-activity-7155504602488999936-f3nO?utm_source=combined_share_message&utm_medium=member_iosCapitalise powers FSB funding platform - https://capitalise.com/gb/insights/the-federation-of-small-businesses-partners-with-capitaliseCoconut & GoSimple Tax integration - https://www.linkedin.com/posts/james-cryne-451b2a16_exciting-news-for-accountants-activity-7155507714498916352-Ti6P?utm_source=share&utm_medium=member_iosWe also catch up with Lucy Cohen from Mazuma about her latest raise and plans for their proprietary data capture app MazApp. Is AI next on the roadmap?
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Join our Digital Disruptors community to keep updated on the latest app news and events we'll be running this year.
This week we have a bumper app news to kick off 2024 and we take a look back at 2023 on apps we would bed, buy, bin based on their releases and forward plans.
In app news this week:
GI and Advancetrack settle - https://www.accountancydaily.co/ip-case-settled-between-gi-outsourcing-and-advancetrackIRIS pay improved- https://www.unipaas.com/blog/iris-pays-next-chapter-a-strategic-partnership-with-unipaas-enhances-kashflow IRIS looking to sell for £3bn - https://finance.yahoo.com/news/kkr-advanced-talks-3-billion-150834828.htmlhttps://www.linkedin.com/posts/mergerlinks_leonard-green-partners-completed-the-acquisition-activity-7146601869576970241-ciqA?utm_source=share&utm_medium=member_iosIplicit gets OCR - https://www.accountingweb.co.uk/community/industry-insights/iplicit-offers-all-customers-ap-automationAI tool Jenesys lands $1.1m to reimage role of accountants - https://www.accountingweb.co.uk/tech/accounting-software/ai-tool-jenesys-lands-11m-to-reimage-the-role-of-accountantsBDO launches secure AI platform personas https://www.accountancydaily.co/bdo-launches-secure-ai-platform-personasAllica partners with Wise - https://www.finextra.com/pressarticle/99010/allica-bank-signs-with-wise-for-cross-border-money-transfersPivot (procurement app) raises $21.6m - https://techcrunch.com/2023/12/12/procurement-software-startup-pivot-raises-216-million-just-a-few-months-after-its-creation/Xero partner pricing increase - https://www.xero.com/uk/pricing-plans/partner-update/?fbclid=IwAR1mBcJmVESw9Nx4HpIpEwGDlFwCWbkOeS8G09ZDBfP8I79ENYjC6W5ohGMXero money matters report Xero hackathon releases - https://blog.xero.com/product-updates/highlights-from-2023-hackathon/Dext updates - https://www.linkedin.com/posts/ben-s-9b707522_weve-been-delivering-the-q4-update-for-dext-activity-7138558551454547970-hTDq?utm_source=share&utm_medium=member_iosQuickbooks enhance reporting coming - https://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-enhanced-reporting-changes-underway/QBO balance sheet budgets https://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-online-balance-sheet-budgets/FreeAgent supports self assessment property pages https://www.freeagent.com/blog/self-assessment-property-pages/ServiceM8 updates - https://www.servicem8.com/uk/october-2023-updateBill (formerly bill.com) launches lots of new features - https://insightfulaccountant.com/accounting-tech/vendor-news/bill-announced-new-features/HMRC side hustle tax for online sellers https://uk-style-yahoo-com.cdn.ampproject.org/c/s/uk.style.yahoo.com/amphtml/hmrc-rolls-side-hustle-tax-175719631.htmlHMRC reveal existence of income tax https://www.ladbible.com/news/sport/luke-littler-net-worth-money-earnings-hmrc-712229-20240104 -
End of the year and that's a wrap for 2023. We end on the same note as we started with AI, or as Daniel Lawrence of Bots For That puts it, "Intelligent Automation".
Have you considered RPA or using AI of manual tasks such as bank reconciliation rather than hiring? Well this tidy interview gives you an idea of how other accounting firms are using intelligent automation in their processes. Seems like a fitting end to the year that has been all things AI.
And in app news this week:
FreeAgent and smart capture - https://www.freeagent.com/blog/introducing-smart-capture/FreeAgent for landlords - https://www.freeagent.com/blog/freeagent-for-landlords/Fresh Books board changes less the drama - https://www.freshbooks.com/blog/a-letter-from-freshbooks-founder-and-board-chairIplicit's exciting batch of releases 2023. Not to be missed - https://www.accountingweb.co.uk/community/industry-insights/new-iplicit-functionality-of-2023-round-upTaxCalc handles FRS102s to LLPs - https://www.accountingweb.co.uk/tech/accounting-software/taxcalc-expands-frs-102-capabilities-to-llpsKnow-IT new App - https://know-it.co.uk/blog/automated-credit-control-platform-know-it-goes-mobile-with-a-brand-new-app/Excel changes - hold on to your seats - Groupby & Pivotby - https://www.linkedin.com/posts/davebenaim_excel-activity-7130466435788595201-mTfN?utm_source=share&utm_medium=member_iosSpotlight Sustain and advancements in ESG accounting - https://www.spotlightsustain.com/?utm_content=272732482&utm_medium=social&utm_source=linkedin&hss_channel=lcp-2431406Payhawk launches PO - https://www.finextra.com/pressarticle/98856/payhawk-launches-purchase-order-systemGerman B2B e-invoicing delay - https://ffnews.com/newsarticle/funding/uk-sme-payments-fintech-crezco-raises-12m-announces-its-technology-partnership-enabling-a-new-xero-feature/Caution on the digital pound - https://www.bbc.co.uk/news/technology-67590468Finally BED, BUY or BIN for accounting events - what is coming up in the next few months. We cover the events we're putting in the bed, buying or binning off. Caveat - we are signed up to all of them including the inaugural FAB event run by Accounting Web in Birmingham this year. See you there!
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