Xero Raises Another Round and Acquires WorkFlowMax
Exciting news today from Xero ahead of their user conference tomorrow that spans two important announcements. I’ll cover them individually. $20M Raised from Existing Shareholders Existing shareholders have reinvested to the aggregate tune of $20M. Sam Morgan, Sam Knowles, Craig Winkler and Peter Thiel’s fund Valar Ventures have all taken
Wave Goes Payroll
I’ve written before about Wave Accounting, a vendor that is hoping to turn SMB accounting software on its head by delivering a product at a zero price point and monetizing through the smart utilization of aggregate data. The jury is out as to SMBs appetite for their data being used, and whether it is viable [...]
Twinfield show their vision of the future of accounting
Two weeks ago I was part of a modest International stream as part of Twinfield‘s very impressive National Accountancy Day in The Netherlands. They have been running this Annual event for 6 years and it has grown from 30 attendees back in 2005 to 500 last year, and well over 600 attendees this time, along [...]
Twinfield change partners for a new dance
I was delighted to hear, early yesterday, that cloud accounting software provider Twinfield was acquired by Wolters Kluwer. I have to disclose that my company, D2C, have been Twinfield’s UK partner since 2005 and so we have a vested interest in the success of the platform and some great customers and partnerships that have come [...]
SaaS And Cloud Computing Taking Off With Financials And Accounting Professionals
Proformative, an online community for corporate, finance, accounting, treasury and related professionals, recently conducted an online survey of their members and found that these professionals are more open to SaaS and Cloud Computing than ever before. We have to keep in mind that this survey and report was sponsored by Netsuite and we should take [...]
Sage in the Cloud, but is it too little too late?
Last week Sage, the UK’s biggest accountancy software supplier, finally released their first real online accounting solution. It looks like a proper SaaS or Cloud offering, unlike the hosted Online 50 product sold through a few resellers from 6 years ago, or their previous failed attempt of SageLive in 2009. I would argue that because [...]
Zoho Rounds Out Small Business Suite with Accounting App–Zoho Books
This morning Zoho, known for SMB focused SaaS offerings in the areas of productivity, collaboration, business processes launched an Accounting app: Zoho Books. I typically don’t do detailed product reviews, when I see the first good ones, will link to them – just a few points here and then let’s discuss how it rounds out [...]
Redux: Will Google Enter the Business Applications Market?
If you think I am here to spill the beans, you’re wrong. On a purely speculative level, if there is some news to come, and if there is an embargo related to it, then here @ CloudAve we respect that. And it’s all a big IF. So no, I am simply dusting off an old [...]
Is the Cloud term an asset or just marketing hype?
A few things came together for me this week around the Cloud term. I spent time with one of my best customers discussing online accounting, what we should do to improve the product we represent in the UK, and how we should position to beat the incumbent in the small business market, Sage. But the [...]
SaaS Accounting Gains: Now What Say You, McKinsey?
According to Goldman Sachs Accounting is now at the #3 spot in SaaS implementations, reports Dennis Howlett. Not a real surprise, certainly not to Dennis’s readers, or those who follow our Accounting 2.0 series. Still, seeing the numbers makes me feel good, given that I debated a short-sighted report by McKinsey a few years ago, [...]
The SaaS applications wiki – open for business
Over on AccountingWEB’s forums (you need an AWEB account to log in, but it’s free) there have been some heavy exchanges discussing the barriers to adoption of Cloud solutions by accountants in practice in the UK. I found it interesting, but sadly the dialogue has been too vendor driven, with plenty of verbiage from the [...]
Can Cloud vendors move beyond the terminology debate?
I recently mentioned Richard Messik’s great post castigating Cloud vendors on their jargon overload in the panel discussions at Softworld back in October. Over on AccountingWEB there has been some vigorous debate around the Cloud issues in discussion threads on whether accountants should be talking to their clients about Cloud Computing, the business case for [...]
Does AccountingWEB get SaaS?
Let me start this post by saying I’m a big fan of AccountingWEB (in the UK, I don’t particularly follow the US edition). For the accountants in business and in practice or anyone interested in the sector it’s one of the key resources to read – they cover everything from tax to technology, but it’s [...]
Mileage Calculator a Life-Saver @ Tax Time
What tax-time, you may ask. It’s April 15th, at least in the US. Wrong: Anyone can get an automatic 6-month extension, which means the real tax deadline is October 15th… closing in on me … ahhhh. No, I am not a procrastinator, my tax forms are always almost done by April 15th and I pay [...]
Breaking News: Intuit To Acquire Mint
Techcrunch is reporting that Intuit (Previous Cloud Ave coverage of Intuit can be found here, here, here and here), the company that offers financial and accounting SaaS solutions to Small Businesses, is acquiring the personal finance service Mint (Previous Cloud Ave coverage of Mint can be found here and here) for $170 Million. Launched in [...]
