This week we announced Net30, our summit on the future of finance in the age of automation (oct 21, 5-8pm) we're gathering operators, founders and researchers for an evening of discussions on: 1/ on cash flow as a growth metric 2/ the evolution of the strategic finance role 3/ thoughtful AI deployment Hosted at Times Center in NYC. Request an invite in the comments.

@usemonk poker club is back on Wednesday the 30th, co-hosted with @Rubie_HQ at our office games start at 7pm request a spot in the comments, or dm me or @jdmcd for an invite

Had an awesome time yday chatting w/ @jgreze from @TownAI & @GeorgeKurdin from @usemonk about building agents Quote of the evening was "the category we picked is a knife fight, and I'm going to spend my 40s stabbing everyone until I win" 🤣 Will share more on what we discussed in the coming days Thanks to the @coastpayments team for hosting us!

welcoming Shawn Steuerer to the growth team at @usemonk! Shawn comes from equity sales and trading at Oppenheimer & Co. Inc.. Shawn studied economics at @JohnsHopkins, where he was a 3x All-American in baseball and a 2x CSC Academic All-American. Shawn’s dad is a small business owner (owns mom and pop sporting goods store) and deals with thousands of invoices with wholesalers (sports apparel and equipment brands), so he has seen AR headaches first hand in his first few weeks, Shawn has: - obliterated quota (yes during ramp) - built a playbook for a new sector we are exploring - brought new energy to our team   outside of work he tutors at The Lord's Place and coaches with the Baltimore Urban Baseball Association. Also after the interviews we learned that Shawn casually holds every baseball record in Johns Hopkins history welcome Shawn Lets rip

Perfect morning for run club up the West Side Highway. Shout out to the first-timers, thanks for joining us. Stay tuned a the special, Oktoberfest themed Oct edition 👀 more soon @raincards @jpmorgan

Knowledge is now available to every @usemonk customer - a place to store the context your team carries about your customers and your business. Monk's agents have always been configurable across playbooks, tone, cadence, when to escalate, and when to stop. Now you can add situational knowledge so the agent applies your business judgment. @francescocoacci walks through it below, link in the comments to learn more

The Fed raised rates on 09/16. Officials expect more rate hikes to combat inflation. Dot plot below shows that 16 out of 18 officials expect at least one more rate hike this calendar year, with rates holding steady in 2027. Our perspective on an elevated rate environment hasn’t changed:  - Cash is king: focus on maximizing FCF and cash-on-hand. It is within your control and will pay off regardless of the environment.  - DSO has a higher opportunity cost than before. We are biased, but we recommend improving DSO by any means necessary (collect faster, tighten terms on new deals)  - Re-evaluating existing debt and/or hurdle rates for projects should be a lower priority than acting on something you can control (DSO) - Put any idle cash to work  There are a # of variables contributing to market volatility (Oil/Iran, AI capex, newly appointed Fed) and so it is wise to lean on the one certainty: cash is king link to full article in comments

Few spots left for anyone who wants to hear me talk to @jgreze + @GeorgeKurdin ab building agents (and eat pizza) partiful.com/e/VCDWItWWoJG3y…

We're hiring an Engineering Lead, Financial Systems at our NYC office. You'll own one of Monk's most important product surfaces, helping customers get paid fast. Day-to-day, you will: - lead architecture, delivery, rollout, and reliability for revenue-critical systems - lead a small, high-output engineering pod - build agents and software factories that help the team ship 10x faster - work directly with customers, GTM, and cofounders $10K cash bonus if we hire someone you recommend. Email joe@monk.com

Monk results for @Rubie_HQ: - 30% reduction in open AR - 20+ hours a month back - @jdmcd's valuable time back as CEO no more massive spreadsheet to manage, AR on rails with Monk

Personal agents are hyped but work agents are similarly impactful Town has replaced our chief of staff. Monk agents get companies paid faster, used by cos like ElevenLabs and Profound. Come hear the founders speak at our fireside next week!

a top-3 consulting firm advised CFOs that their number one priority for the next 12 months is reinventing business intelligence Our perspective is that this is not enough, it’s also too slow Better insights and smarter BI dashboards was an H1 acceptable answer in Q1 of this year. Why?  1/ First, we are way past insights at this stage of AI deployment. Insights-only solutions are under-leveraging this technology shift for finance leaders.  With business-intelligence we are reading from our database, but we are not impacting the P&L. Yes, we have a better understanding of what’s happening, but someone has to do something to move the numbers.  2/ Next, from a budget perspective and from an AR perspective, visibility was never the true bottleneck.  Every finance leader knows which OPEX buckets are the largest and how they are trending over time. Similarly, most know which customers pay late and what are the common causes of delays in cash. You can make the case that this varies by the company or the space. That’s fair, but 80% of the insights are obvious. It is acting on these insights in a secure, reliable, and precise way that is hard. And so what we see in our conversations with finance and accounting leaders is that the teams winning today are taking action. And they are not just deploying agents in production workflows to save time or to learn XYZ.  They are either cutting costs or driving revenue.  At @usemonk, we are focused on driving hard $ROI for our customers because we believe that this is what’s needed to move the business forward.