I’m sharing the audio from a session I hosted as part of the Australian CFO Summit 2024, produced by Weel. The session featured Michael Wood, the Founder and CEO of Translucent is called: “Scale your business on Xero without needing a dozen other Apps and Add-ons” 

During the session, Michael discusses:

– The exponential growth of software in businesses from the desktop era to the cloud and AI eras

– How AI will increase software productivity and enable users to create their own apps, multiplying software abundance

– The challenges of fragmented data, security, cost and vendor management with abundant software apps are highlighted

– Compound startups are presented as a solution, exemplified by Translucent, consolidating finance apps and data into a unified platform

– Benefits of the compound startup model include reduced cost, streamlined management, improved productivity and AI readiness

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