Solving Accounts Payable Pain Points with MakersHub
02/09/24 • 48 min
Phong Ngo and Charley Howe join Blake to discuss how their accounts payable automation software is helping small and mid-sized manufacturers, construction companies, and other businesses capture detailed invoice data to enable precise job costing and reporting without expensive ERP implementations. Learn how starting with solving the accounts payable data entry pain point allows them to streamline workflows while accounting firms and their clients gain efficiency. They also highlight the benefits of the MakersHub partner program for accountants.
Sponsor
MakersHub - https://earmarkcpe.promo/makershub
Chapters
- (00:00) - Solving Accounts Payable Pain Points with MakersHub
- (00:53) - Welcome Charley and Phong from MakersHub to the show
- (01:14) - What makes MakersHub different from other AP solutions?
- (05:16) - The power of MakersHub's proprietary technology
- (06:18) - Phong's journey from engineering to business
- (09:14) - The limitations of solutions already on the market
- (12:13) - The vision for MakersHub
- (14:58) - Charley's journey from banking to startups
- (20:13) - The evolution of MakersHub
- (26:36) - Solving at the build level first
- (34:29) - Which accountants and bookkeepers is MakersHub For?
- (38:54) - Creating a product that creates value for accounting firms
- (44:21) - How does an accountant or firm get started with MakersHub?
- (46:49) - Thanks for listening and please reach out to learn more
https://earmarkcpe.com
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Connect with Our Guests:
Charley Howe
LinkedIn: https://www.linkedin.com/in/charles-howe-7a9816118
Facebook: https://www.facebook.com/MakersHub.aiOfficial/
Phong Ngo
LinkedIn: https://www.linkedin.com/in/phong-ngo
Learn more about MakersHub
Website: http://www.discover.makershub.ai/
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/
Phong Ngo and Charley Howe join Blake to discuss how their accounts payable automation software is helping small and mid-sized manufacturers, construction companies, and other businesses capture detailed invoice data to enable precise job costing and reporting without expensive ERP implementations. Learn how starting with solving the accounts payable data entry pain point allows them to streamline workflows while accounting firms and their clients gain efficiency. They also highlight the benefits of the MakersHub partner program for accountants.
Sponsor
MakersHub - https://earmarkcpe.promo/makershub
Chapters
- (00:00) - Solving Accounts Payable Pain Points with MakersHub
- (00:53) - Welcome Charley and Phong from MakersHub to the show
- (01:14) - What makes MakersHub different from other AP solutions?
- (05:16) - The power of MakersHub's proprietary technology
- (06:18) - Phong's journey from engineering to business
- (09:14) - The limitations of solutions already on the market
- (12:13) - The vision for MakersHub
- (14:58) - Charley's journey from banking to startups
- (20:13) - The evolution of MakersHub
- (26:36) - Solving at the build level first
- (34:29) - Which accountants and bookkeepers is MakersHub For?
- (38:54) - Creating a product that creates value for accounting firms
- (44:21) - How does an accountant or firm get started with MakersHub?
- (46:49) - Thanks for listening and please reach out to learn more
https://earmarkcpe.com
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Connect with Our Guests:
Charley Howe
LinkedIn: https://www.linkedin.com/in/charles-howe-7a9816118
Facebook: https://www.facebook.com/MakersHub.aiOfficial/
Phong Ngo
LinkedIn: https://www.linkedin.com/in/phong-ngo
Learn more about MakersHub
Website: http://www.discover.makershub.ai/
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/
Previous Episode
From Public Accounting to Tech Unicorn IPOs With Brandt Kucharski
Blake chats with Brandt Kucharski, former chief accounting officer at GrubHub and current CAO at Ethos Life, about his career journey from public accounting to leading startups through IPOs. They discuss Brandt's pivotal role in taking GrubHub public as one of the first "unicorn" startups, the process of scaling accounting teams and controls, nonprofit work with the Holiday Heroes Foundation, and thoughts on increasing accounting talent amid growing complexity.
Sponsor
ShareFile - https://earmarkcpe.promo/sharefile
Chapters
- (01:06) - Welcome Brandt Kurcharski to the show
- (02:37) - Early Career and Joining GrubHub
- (05:07) - What was the first thing you did at GrubHub?
- (05:41) - The Journey to IPO
- (09:51) - What advice would you give a young controller going through an IPO
- (11:29) - Let's talk about GrubHub's tech stack at the time
- (15:26) - Building the Accounting Team at GrubHub
- (18:03) - The smartest thing you did at GrubHub
- (23:56) - Reflection on GrubHub's Success
- (25:21) - Biggest mistake you made at GrubHub
- (26:47) - Size of Your Accounting Team
- (29:03) - The Merger with Seamless and Going Public Again
- (31:09) - Let's talk Sarbanes-Oxley
- (34:47) - The Journey of Grubhub's Second Public Listing
- (35:54) - The Challenges of Merging and Going Public Again
- (37:53) - The Role of Charity in Personal Growth
- (41:04) - Accounting Challenges For a Charity
- (43:19) - The Journey from Grubhub to Ethos Life
- (47:35) - Accounting at Ethos vs GrubHub
- (49:14) - The Impact of Accounting Standards on Business
- (55:13) - The Accounting Talent Crisis and Possible Solutions
- (01:01:11) - Thanks for Listening and Remember to Subscribe
https://earmarkcpe.com
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Connect with Our Guest, Brandt Kucharski
LinkedIn: https://www.linkedin.com/in/brandtkucharski/
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/
Next Episode
How AI is Transforming and Disrupting Audit
Rob Valdez joins Blake to discuss how artificial intelligence and generative chatbots like ChatGPT could automate routine audit tasks. They also explore the potential to train staff more effectively, save significant time on substantive testing, draft higher quality work, and some challenges around adopting these tools, such as security fears, poor system integration, and partners resistant to change.
Sponsor
ShareFile - https://earmarkcpe.promo/sharefile
Chapters
- (00:53) - Rob Valdez Joins the Show to Talk About AI
- (02:27) - What Does Rob Do and What Is His Background?
- (03:35) - State of Artificial Intelligence in Audit
- (05:21) - Exploring the Use of AI Chatbots
- (08:55) - Potential of AI in Drafting Financial Statements
- (12:16) - The Future of AI with Audit
- (23:41) - Implications of AI on Audit Staff Roles
- (29:14) - The Power of Automation and Teamwork
- (31:00) - Challenges in Adopting AI in Firms
- (33:36) - The Inefficiencies of Current Data Management
- (35:53) - The Need for Integrated Systems
- (39:40) - What Will Motivate Aduit Firms To Adapt?
- (49:04) - The Possibility of Private Equity Getting Involved
- (53:30) - The Importance of Self-Disruption
- (54:59) - Thanks For Listening and How To Reach Rob
https://earmarkcpe.com
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Connect with Our Guest, Rob Valdez
LinkedIn: https://linkedin.com/in/rob-valdez
Twitter: https://twitter.com/robvaldezcpa
Learn more about Novogradac
Website: https://www.novoco.com/
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/
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