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Navigating ASC 606 in the SaaS World: Strategies for MRR and ARR Recognition
I recently implemented an ASC 606 system in an emerging company that needed to move from cash revenue accounting to accrual revenue accounting. Emerging businesses face this issue when they start raising capital and external parties and investors want to see audits. This whole process gets particularly tricky in situations where there is no contracted… Continue reading
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Crypto futures trading can produce serious returns with predictive algorithms
Introduction to Crypto Futures Trading Crypto futures trading is a type of trading that involves buying and selling contracts that speculate on the future price of a cryptocurrency. This type of trading allows traders to profit from price movements without actually owning the underlying asset. Traderie, a popular trade finder platform, has facilitated over 236,474,422… Continue reading
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Understanding the Rule of 78s: A Critical Tool for Recurring Revenue Forecasting
I recently created a series of financial calculators for businesses on my firm’s website. Shortly after I added the rule of 78s calculator, a useful concept I have used for years, I met a SaaS banker who had never heard of the rule of 78s. I learned the rule from some of the founding executives… Continue reading
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Using ChatGPT for Data Cleaning
I’m always on the lookout for tools that can streamline financial analysis and provide valuable insights. One such tool that has caught my attention is ChatGPT’s data analysis features, which emphasize the importance of clean data for ensuring the accuracy and reliability of datasets. Data cleansing, especially when utilizing AI tools like ChatGPT, is crucial… Continue reading
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An AI Crystal Ball? How We Predict Future Outcomes Using a Temporal Fusion Transformer Model
Introduction to Deep Learning Models Deep learning models have revolutionized the field of time series forecasting, offering significant performance improvements over traditional methods. These models are particularly well-suited for handling complex temporal relationships and high-dimensional data. In this section, we will introduce the basics of deep learning models and their applications in time series forecasting.… Continue reading
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Revolutionizing Consumer Loan Financial Reporting and Analysis
This blog discusses in more detail revolutionizing consumer loan financial reporting and analysis with Vector ML Analytics. A few weeks ago, I posted about my successful collaboration with Vector ML Analytics to enhance the financial reporting systems I used in a consumer lending portfolio. This collaboration involved a comprehensive corporate financial analysis to evaluate the… Continue reading
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The CFO’s Guide to AI Ethics: Navigating the Black Box Problem in Financial Decision-Making
As a fractional CFO working across multiple organizations, I’ve observed a growing concern in the financial sector: the ethical implications of AI-driven decision-making. The “black box” nature of AI systems – where the input and output path isn’t clearly understood. This presents particular challenges in finance, where transparency and accountability are paramount. Here’s my perspective… Continue reading
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DeepSeek’s Just-in-Time LLM: Applying an Old Manufacturing Methodology to Create Cheap AI
Just-in-Time Manufacturing (JIT) revolutionized industrial production when Toyota pioneered it in the 1970s, though its roots can be traced back to the company’s experiments in the 1950s. The core principle was radical yet simple: produce only what is needed, when it is needed, and in the amount needed. This approach stood in stark contrast to… Continue reading
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Debunking AI Myths: When ‘Artificial Intelligence’ Isn’t Really AI in Business Software
As a fractional CFO working with numerous companies across various sectors, I’ve noticed a concerning trend: the rampant misuse of the term “artificial intelligence” in business software marketing. Having evaluated countless software solutions for different organizations, I’ve learned to distinguish between genuine AI capabilities and clever marketing of traditional programming. Today, I’m pulling back the… Continue reading
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The Hidden Truth About AI in Finance: Why Process Automation Must Come Before AI Implementation
As a fractional CFO working with multiple organizations across different industries, I’ve witnessed first hand a common misconception plaguing financial leaders: the belief that they can leap directly into artificial intelligence (AI) without laying the proper groundwork. While the allure of AI’s transformative potential is undeniable, there’s a crucial truth that many organizations overlook –… Continue reading
