View profile

FloQast and Hubdoc Raise Millions 💰

Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers,
Own Your Close
FloQast and Hubdoc Raise Millions 💰
By Blake Oliver • Issue #47 • View online
Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers, and providers of outsourced accounting services. For more accounting technology updates, tune in to the Cloud Accounting Podcast.

I was pleased to read that two apps in my cloud accounting tool box raised VC money this past week: FloQast ($25 million) and Hubdoc (for $5 million). Investors are betting on the success of cloud accounting, and that’s good news for users!
If you’re a controller or do that sort of work on an outsourced basis, you need to look at FloQast
What’s so great about it? In short, FloQast brings order to the chaos of the monthly close. For more, read my article, FloQast & The Mid-Market Cloud Accounting Ecosystem.
If you have trouble collecting documents from clients (who doesn’t?), check out Hubdoc
Hubdoc automatically fetches PDFs of bank statements, check images, invoices, and more. Additionally, your clients can securely upload receipts and all sorts of documents by taking pictures on their mobile phones. Then you can choose to sync those documents into Xero or QuickBooks Online as transactions.
But wait, there’s more! 
News broke that K1 Investment Management will spend $125 million to create the largest independent company in expense management software, combining Certify, Nexonia, ExpenseWatch, and Tallie. 
How that will work, I have no idea. I’d love to hear your thoughts.
As usual, here are the top links I clicked on this past week.
Industry News
President Trump Wants to Move Government to the Cloud
Future of the Profession
The next generation of jobs won’t be made up of professions
Sales & Marketing
Practice Management
Remote Work
Wordpress parent Automattic is closing its San Francisco office because its remote workers never show up
Sales Tax
Tips & Tricks
QBOA Team Permissions Breakdown
App News
FloQast Raises $25 Million
App Updates
Expensify and FinancialForce expand software integration
QuickBooks Online — June 2017 Features & Improvements
Wagepoint — Now Integrated With TSheets
This issue was lovingly crafted by Blake Oliver and Phil Gross. Thanks for reading, and have a great week!
Did you enjoy this issue?
Blake Oliver

A newsletter for accountants, controllers, and providers of outsourced accounting services. Subscribe and stay up-to-date with the latest in accounting technology, new regulations, and management tips. For additional resources for management accountants, visit FloQast (where I work) is close management software built by accountants for accountants to help them close faster and more accurately.

If you don't want these updates anymore, please unsubscribe here
If you were forwarded this newsletter and you like it, you can subscribe here
Powered by Revue
14721 Califa St, Los Angeles, CA 91411