Back 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 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

SuiteWorld Recap & Bookkeeping Startup Raises $200M

The Accounting Podcast