We had a Finance team of 7. In 30 days we'll have 0. 🤣
We tried A LOT. A fleet of Xeros wired together. Intuit Enterprise. Kubera on the personal side. Rillet/QuickBooks/Acumatica/MSFT365.
Context: 15 year old company with enterprise complexity without enterprise budgets. 400 people. Payroll in 5 countries. 20+ entities. 4 brands. 4 countries tax authorities. Subsidiaries. Minority investments. Multi-level, multi-currency consolidation at different book levels. Tons of Forex. Tons of different banks. Transfer fees. Weird rev rec contracts. Depreciation schedules.
We're confident the system handles $100m ARR and can take us to at least $1B.
Total cost ~$30k per year.
Everything is code.
1. We wanted the largest, most mature API estate with full access. That's Sage Intacct Cloud. The clunky UI "old software" didn't matter (no one logs in). Intacct gave us history + stable API primitives at a fraction of "large ERP" cost. We only need 2 real users, so seat fees barely matter.
2. Everything in a single GitHub repo. Repo-scoped credentials with the same controls as bank access. Every rule / workflow / exception / change is version controlled. GitHub history is MORE auditable than most accounting systems.
Code as a system of record is undefeated.
3. We kept the finance task board (Jira / Clickup / Slack). Recurring tasks / escalations / close / department reports / payment release alerts. Agents now run it.
4. Each agent has a fixed role: AP / AR / Treasury / Pricing / Controller / Internal Audit / CFO. Repo rules + scoped API access enforce the boundaries. No agent has blanket access.
5. Kept normal email boundaries: suppliers@ / accounts@ / collections@ / banks@. No humans touch these inboxes. Ingestion is automatic, PDFs are scraped, every account gets checked. New vendors have chatbot approval + bank checks. Everything lands in Intacct every 24 hours.
6. The agent repo runs long-running routines + model checks. Runtimes in Vercel segregated per agent. Devin runs it. Claude executes. Codex checks. Gemini reviews. The result hits the DB. Hermes-style agentic learning. Separation of duties still matters when the workers are Cloudflare workers.
7. Every event goes into Postgres. Yes, some of it duplicates the accounting system. Postgres = operational backend. Intacct = the ledger that keeps us employed by our Board and out of jail.
8. https://t.co/vi6vD6s2kj underneath as the AI enterprise connector: MCP gateway / agent gateway / context lake / control plane. (If you're small, probably unnecessary. If you're big, it's 100x cheaper than a CFO or 1000x cheaper than an ERP implementation.)
9. We automated tax calc + optimisation / KYC packs to every bank every 90 days / reconciliations / collections / cash / intercompany / FX / consolidation / capital calls / payments / dunning / liability schedules etc.
10. Finance is legible to everyone. Every department lead + external shareholder gets a read-only MCP scoped to what they can see. They ask their own chatbots whatever they want. Reports / scorecards / budgets go straight to board + banks + investors.
None of this is deterministic. It's intelligent. It handles the edge cases. It is more accurate than our team. It's a dream to drive.
My stretch goal for close + reporting: 01:00 on the 1st of every month. One hour for agents / APIs / inboxes / reports to fire and land.
Our last FM has 1 more close period hardening the rules through an audit, then she moves to another role.
Then the accounting team is 0.
Software + AI + agents.
Sorted.
PS: If you have the one-click version of this, DM me.
PPS: The finance team kept shrinking because I forced 2 ERP migrations in 3 years chasing this. That's on me.
PPPS: I still think one person needs to drive this. My gut says hire a Chad-level performance marketer who has never done finance, who'll squeeze every last cent of optimisation and scale out of the business by watching the numbers like a cracked Meta ad account.
Africas biggest problem is not education but rather access to the internet. Once Africa has achieved internet access to all, we will be unstoppable.
https://t.co/R35LnAhCNk
And that's a wrap! #Hackathon2022 💥
16 unbelievable businesses & Web3 focused products were built & deployed in 24 hours. Talk about being #blitz!
.
We are so proud of each and every person that took part in this event, what an honour it is to be part of this amazing company!
@SovTechSA and @SovTech_UK named by ���@GoodFirms among the top iPhone and Android mobile development companies from around the globe. The only company from Africa on this list 💪🏻 #worldclass https://t.co/iyPBgvUTuz
Learn more about the benefits of custom software for your business 🚀
.
Building custom software plays a crucial role in growing any business.
.
Head over to our website to read more about these benefits https://t.co/y4sdoirlsm
.
#businessgrowth#software#customsoftware#SovTech
Stuart Lancaster,@WarrenBroz and @Xola_Ntshinga taking us through leadership in rugby and business in a post Covid world. Amazing time thank you @conqa_group now it’s time for @SovTechSA to win the #ConqaCup
SovTech Launches its 2022 Graduate Program Applications🚀
•
We are looking for 30 motivated graduates with an intense desire to make waves in the tech space.
•
Please visit https://t.co/lUvyW6IBF6 to learn more about this amazing opportunity and APPLY! 🙌
Tomorrow I speak with @SusanneChishti, CEO of @FINTECHCircle , Europe’s first investor network focussed on FinTechs. We’ll be talking through Africa’s current landscape and what the future holds. Register and sign up here: https://t.co/MqwQGbMERx
See you there 🚀
Join this week's Member Briefing with @SovTechSA to explore:
🌍 Africa's current tech landscape
🔮 The future of Africa in the tech space
💸 Cheaper development with high touch, easy communication
🚀 Everyone is becoming a tech company
Register 👉 https://t.co/ELgSA6K46s
#Digitalization is the use of digital technologies and data to create revenue, improve business, transform business processes.
Watch the First steps to digitizing your business from our Commercial Director https://t.co/ink1skzgT9
#SovTechBytes#SovTech