Introduction to FPEM: Financial Period End Management

Over the last six months I’ve worked with a new vendor in the financial system space, Svayam Infoware, headed by Rakesh Kant. His platform has many of the characteristics I’ve talked about in my vlog, including: A Metric Engine Universal Ledger, and Integrated General and Sub-ledger environment. The following video gives a sense of the system in action. Context Let’s put this system into context. … Continue reading Introduction to FPEM: Financial Period End Management

Innovation Theater as Opposed to Real Innovation

An actual security expert one time described much of what happens in airport security as “security theater,” done in a very public way to give the impression of a lot of security when in fact, it doesn’t add that much security to anything. Today’s episode of Conversations with Kip discusses the idea of Innovation Theater, as opposed to real innovation. Innovation Theater at times is … Continue reading Innovation Theater as Opposed to Real Innovation

Sharealedger.org: My Report to Dr. Bill McCarthy on REA Progress

Last week I was invited to be a guest lecturer to Dr. William E. McCarthy’s Michigan State University graduate students. As noted in my textbook, Balancing Act: A Practical Approach to Business Event Based Insights, in 2002 “I took a day during my family vacation to visit my alma mater, Brigham Young University. I started by looking up an article a professor had introduced me … Continue reading Sharealedger.org: My Report to Dr. Bill McCarthy on REA Progress

Pressure to Change: Conversation with Eric Denna Part 7

Today’s conversation is the last in a series with Dr. Eric Denna. In this episode Eric highlights the difficulty in changing the basic way our financial systems work, but also noting that they are ripe for disruption. He gives a couple of interesting examples from other domains, where the pressure to change was building over a long period of time, but when the changes started … Continue reading Pressure to Change: Conversation with Eric Denna Part 7

Financial System Changes: Conversation with Eric Denna Part 6

Continuing my conversation with Dr. Eric Denna, in this episode we highlight the difficulty in changing the basic way our financial systems work, but also noting that they are ripe for disruption. I noted years ago that one of Eric’s first book “went so far as to call for a revolution in accounting systems architecture. There was a call to arms, but the fortress of … Continue reading Financial System Changes: Conversation with Eric Denna Part 6