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KPMG partners with Microsoft to build new accounting software "Wiise"

Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers,
Own Your Close
KPMG partners with Microsoft to build new accounting software "Wiise"
By FloQast • Issue #86 • 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’m back with another collection of news and resources for accountants embracing cloud technology to make their jobs more strategic and impactful.
This week I’m most intrigued by reports out of Australia that KPMG has partnered with Microsoft and Commonwealth Bank to create an SEM-focused standalone accounting software solution called Wiise on Microsoft’s existing Dynamics Business Central platform. Read the story on ZDNet and the analysis and more interviews on Digital First. 
Is this the beginning of a trend? Will more of the Big Four and smaller professional services providers jump into building/owning software in addition to reselling it? How will this affect KPMG’s reseller relationships with other developers of ERP software? Hit reply and let me know if you have any insights.
Also, if you happen to be in or near Los Angeles on June 14, do join me for a Cloud Accounting Roundtable for Controllers and CFOs at The Culver Hotel. I’ll be moderating and we’ve got accountants on the panel discussion from emerging L.A.-based companies Smartlabs, Sugarfina, and Thrive Market.
Future of the Profession
Deloitte’s seventh annual Millennial Survey found that young people also have shifting attitudes towards businesses and how they’re run.
www.accountingtoday.com  •  Share
Big Four
The three heavyweights have combined forces in Australia to launch an SME-focused standalone accounting software company called Wiise. Read the story on ZDNet and more details and analysis on Digital First.
www.zdnet.com  •  Share
Outsourced Accounting
inDinero has acquired tempCFO, a market leader in outsourced accounting, finance, and tax solutions (and also a FloQast customer). Read why on the inDinero blog.
blog.indinero.com  •  Share
Software News
Adaptive Insights files for $100 Million IPO
Adaptive Insights, developer of SaaS business planning software for finance and sales functions within enterprises, has filed to raise $100 million in an IPO.
seekingalpha.com  •  Share
San Francisco startup lets employees paint walls, walk around barefoot
Gusto’s fancy new headquarters retains a company tradition: No shoes. Says Gusto: “We want our office to feel like a home, to be comfortable and authentic.”
sf.curbed.com  •  Share
Xero Launches in Canada
Xero Launches in Canada
The company has also partnered with Deloitte locally to help accountants across the country accelerate their small business clients’ adoption of digital tools.
www.accountingtoday.com  •  Share
iZettle’s card readers fit PayPal’s strategy of expanding its in-store presence and geographic reach.
ww2.cfo.com  •  Share
Software Updates
Intuit’s been making some significant improvements to QuickBooks Online, including progress invoicing and contractor direct deposit. 
quickbooks.intuit.com  •  Share
Software Tips & Tricks
Does the thought of starting a new QuickBooks Desktop data file or moving to QuickBooks Online give you nightmares? Is it time to graduate to a mid-market ERP program such as Sage Intacct, Microsoft Dynamics 365, or NetSuite? Learn a few tips and hints for Migrating QuickBooks Desktop to ease you through the process.
www.accountexnetwork.com  •  Share
Podcast
Cloud Stories: Ep.53 David Barrett – Expensify
Cloud Stories: Ep.53 David Barrett – Expensify
David Barrett, the founder and CEO of Expensify, chats with Heather Smith about how he started Expensify off the back of a thwarted attempt to help homeless people, and much more.
cloudstories.libsyn.com  •  Share
Parenting in the Age of Automation
How You Can Raise Robot-Proof Children
How You Can Raise Robot-Proof Children
There will still be jobs in the future. Just make sure your child is ready for them.
www.wsj.com  •  Share
Remote Work
Sixty-six percent of workers say they like the option of occasionally working from home or another location, but aren’t able to do so. Here’s why you should consider allowing them to do that.
www.cpapracticeadvisor.com  •  Share
There’s far more to working from home than technology. If you work from home, are considering working from home, or manage employees who work from home, the following suggestions may help you set up a strong work-from-home strategy.
blog.aicpa.org  •  Share
Thanks for reading and have a great week!
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FloQast
By FloQast

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 https://floqast.com/resources/. FloQast (where I work) is close management software built by accountants for accountants to help them close faster and more accurately.

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