Introduction to GenevaERS Open Source Project

This episode of Conversations with Kip gives an introduction to the IBM Scalable Architecture for Financial Reporting (SAFR) as it was recently contributed to the Linux Foundation’s Open Mainframe Project as the GenevaERS Project. This presentation was made at the Technical Advisor Committee Meeting on July 9th, 2020. This is Episode 228 of Conversations with Kip, the best financial system vlog there is. Literally learn more–about … Continue reading Introduction to GenevaERS Open Source Project

The Mainframe, Open Source And Renewal of Financial Systems

This week’s episode of Conversations with Kip goes more to a question of platform than I have ever discussed in my series before. This is brought on with recent experiences with the Linux Foundation’s Open Mainframe Project, and it’s first annual Summit which I am attending today and tomorrow. I have been asked to be the chair of the GenevaERS.org project. The work of starting … Continue reading The Mainframe, Open Source And Renewal of Financial Systems

Powerful Railroad and Processing Engines

This week’s episode likens our powerful financial systems to the powerful locomotives of the early 20th Century. Powerful Railroad Engines In my semi-biographical textbook “Balancing Act: A Practical Approach to Business Event Based Insights” I described the powerful railroad engine pictured in the video: “When I was living in Sacramento a couple of times during lunch I went over to the California State Railroad Museum … Continue reading Powerful Railroad and Processing Engines

Outlandish Prediction: Demise of the G/L

This week’s video makes an outlandish prediction: that in the future companies will not have general ledgers, but instead use the increased compute capacities available from today’s ubiquitous computers to maintain much more granular ledgers, which have the GL perspective embedded in them. With all my experience with enterprise-wide financial reporting systems, I recognize how radical this idea is. And it’s not just the demise … Continue reading Outlandish Prediction: Demise of the G/L

Do Sub-Ledger Balances Add Up to GL Balances?

Often discussions with others result in going back to the basic principle I talked about the relationship of the Data Warehouse to the General Ledger. That discussion focused on activity, the thing that creates journal entries. Today’s video builds on that but focuses on the balances. In the operational source systems, we typically make balances of some kind. Can one can accumulate all the balances … Continue reading Do Sub-Ledger Balances Add Up to GL Balances?

Fail Fast POC: Choosing and IDE and Language

Objective One day in June 2020 I was encouraged to start a new POC. In simple terms, the idea was to read an XML file containing the processing specification for a z/OS tool, GenevaERS, and attempt to translate that into another language and file format. The target language was undefined; it might range from COBOL to Java to Scala to something else. It was an … Continue reading Fail Fast POC: Choosing and IDE and Language

Metric Engine Step-Up: A Swimming Pool Example

A couple of years ago a friend was continuing to try to help Risk and Finance effectively coordinate their use of data, and asked me how would I get started on helping them. I noted that the fundamental problem in some instances is the imprecision of our language. We use a single term which actually refers to different things to different people. Solving this problem … Continue reading Metric Engine Step-Up: A Swimming Pool Example

z/OS on Vagrant: A Personal Mainframe

Building on other POC projects, including the short Raspberry Pi experimentation, and the longer Universal Ledger Infrastructure project, I have recently experimented with a personal mainframe system. These systems are not new developments, having been around for more than a decade. I did add one twist I think, making it run on Vagrant as a VM. Hercules z/OS VM Container “Hercules is an open source … Continue reading z/OS on Vagrant: A Personal Mainframe

Financial Auditing: Quality Control for Metric Engines

This week’s episode discusses Financial Auditing, and why it is important to financial reporting; it is the quality assurance process. Any metric engine or report process should have some method to test quality of the outputs. Bayonet the Wounded I worked as a financial auditor for two and a half years in my early career. During that time, as I would go to different businesses … Continue reading Financial Auditing: Quality Control for Metric Engines