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Accounting Apps Podcast| formerly Cloud Stories | Accounting Technology

“Cloud Stories is the world’s coolest accounting podcast” A guy on the Internet told me this once, and I choose to believe him!

The Cloud Stories podcast explores how business solutions integrate with online accounting software (Xero, MYOB and or QBO), and can, in turn, automate processes and improve productivity and profitability. By sharing Cloud Stories from the community listeners gain insights into how small businesses and advisory services can thrive in a brave new world of artificial intelligence, machine learning, and robots.

Over the years, Heather Smith has interviewed Accountants • Bookkeepers • Business Consultants • Cloud Advisors • Cloud Integrators • Developers • Small Business Owners • and Solution Providers • who have generously shared their own Cloud Story on the popular podcast.

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Oct 24, 2023

Explore how NetSuite empowers Australian businesses to thrive. Scott Wiltshire delves into the transformative impact of NetSuite solutions on local SMEs, offering insights and success stories for business growth in Australia.

Today I’m speaking with Scott Wiltshire, Vice President & GM, Oracle NetSuite ANZ

In this episode, we talk about . . .

1. NetSuite was born in the cloud 25 years ago and customers are always working on the same version. 

2. NetSuite's architecture and vision have remained consistent under Founder and EVP Evan Goldberg.

3. NetSuite provides two major upgrades and 300 minor updates each year.

4. Triggers for considering NetSuite include 

- Outgrowing existing accounting software 

- Having more than one person on the finance team

- Having a manual or time-consuming financial close or consolidation process 

- Struggling to get real-time visibility into the business to provide actionable insights

- Not being able to provide accurate reporting to management or the board

- Having to correct reported numbers multiple times

- Needing real-time visibility

5. The NetSuite solution can start small and scale with consumption-based pricing.

6. NetSuite is introducing more flexible user licensing. 

7. Key trends impacting Australian businesses include cloud adoption, AI, and embracing leading practices over customisation.

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