The Thursday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Rillet Raises $25M to Kill Off NetSuite

Rillet just bagged $25 million from Sequoia to blow up the old way of doing accounting. Instead of waiting weeks to close the books, their AI pulls data straight from Stripe, Salesforce, Brex, and more, so you get your financials in hours.

They’re already working with nearly 200 fast growing companies, including Windsurf (the AI startup that sold to OpenAI) and Decagon. A third of their clients switched from NetSuite, and that stat alone got Sequoia to write the check.

Source: TechCrunch

💎 What’s poppin in accounting

Deloitte’s New AI Agents Can Do a Lot More Than You Think

Deloitte just launched a global network of AI agents that can handle everything from booking flights to running audits to helping with high stakes business strategy.

These AI agents work across all departments tax, legal, audit, tech, risk and are designed to operate with minimal human oversight. It’s part of a broader Big Four trend, PwC has AgentOS, EY teamed up with Nvidia, and KPMG is building agents into its audit systems.

AI isn’t just assisting anymore. It’s operating.

Source: Accounting Today

 📊 Weekly Trend Chart

Costco’s Secret Weapon Isn’t the Hot Dog

Costco is quietly crushing the gas game. It runs over 700 gas stations worldwide, way more than Walmart or Sam’s Club. Gas alone brings in 12% of its revenue.

Why? Cheap fuel gets people in the door. In fact, when gas prices spiked, half the people who filled up went into the store. Now other retailers like Dollar General, Walmart, and BJ’s are copying the play, expanding gas stations to drive foot traffic.

Costco’s $1.50 hot dog may get the headlines, but it’s gas that keeps the engine running.

#😂 

😂 😂 

P.S. What'd you think of today's edition? Hit 'reply' to this email and lemme hear it!