Recruit N Refer Technology Inc. reposted this
Mainstream tech vs accounting industry tech: Mainstream apps are generally: - Cheaper - More polished - Technically ahead of the curve Despite this, here’s why I still buy accounting industry tech: In March of last year Microsoft unveiled Copilot. On the heels of their $1B investment in OpenAI, they had a plan to weave AI into the fabric of every MS app. Turn up on Monday and simply ask Copilot what did I miss? 🤖 Here are three urgent emails, I shared the second with Tina. Here are notes from the retreat planning session and don’t forget about Timmy’s piano recital at 3. It was an extremely promising peek into the future of knowledge work. And it looked good. Now from where I sit in 2024, absolutely none of it has come to pass.. yet. But let’s explore an alternate timeline. Let’s say 2023 went the way Microsoft wanted it to, and it became the ultimate platform to run your entire business. No data silos, everything’s centralized, AI agents making things happen and total transparency into all your work. Why wouldn’t you move your full accounting firm stack over? Here’s why: Mainstream apps have a lower ceiling of utility. I’m all for the Microsoftian Utopia, but in 6-18 mos when the apps in the accounting space catch up, who’s going deep on my accounting workflows? Who’s connecting to the accounting ledger to answer that email with real data? Who’s fetching answers from my tax research platform? Who will develop tools for the accounting professional that elevate what I can do above anyone with a Microsoft sub? The people building tech for accounting pros. And it’s going to cost more, and it may not always push the boundaries of what’s possible, and sometimes it’s going to be ugly as heck (seriously). But if they don’t build the tech that will keep the accounting profession relevant long-term, who will?