Build vs. Buy in the age of AI

As a CFO who used to be technical, I specialize in working with engineer founders.And it's in this context that I encountered something interesting this week:​I was sitting in a client team meeting and we were discussing updating their financial software stack as they move from seed stage to series AWhich is a typical conversation we have during growth:Lower-cost solutions like Quickbooks, Xero, manual processing, on-the-fly analysis tend to break down when volumes go up, so it's typically when we'll discuss migration to a costlier but better tool.There are lots of factors to consider during an ERP upgrade, CRM build out, or switching providers, but typically for startups, we're most times talking about BUYING software.To date, the rule of thumb is that in the early days, you never think about BUILDING the software.Because building internal software will take time away from your main…

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