FP&A Today Tech, Talent, Tariffs, and Taxes
Apr 1, 2025
In this engaging discussion, Michael Bayer, CFO of Wasabi Technologies, and Cathy Yang, CFO of Trexon Global, dive into the complexities of today’s financial landscape. They explore the impact of tariffs on business operations and pricing strategies amid trade tensions. The conversation also highlights the transformative role of AI in enhancing supply chain visibility and financial forecasting. Additionally, they address the talent crisis looming in the accounting field, stressing the need for adaptability and continuous learning in finance.
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Data Readiness for AI
- Focus on data hygiene and clean up chart of accounts and data dictionaries.
- Prepare for software integrating AI, making data readiness crucial.
Data's Untapped Value
- Data is a company's most valuable asset, yet often not recognized financially.
- CFOs should leverage data to drive business forward.
Trexon's Use of IoT
- Trexon uses sensors in undersea cables for remote monitoring, eliminating the need for on-site operators.
- They also utilize vertical lift machines with sensors for real-time inventory management.