Is everyone's cash in a decent spot at this point? If so, let's shift gears to discuss strategically deploying your cash to the most impactful parts of your business. My guest for Sudozi Finance Fridays tomorrow is Sarah Keller. Sarah has spent the last 7+ years at Uber leading Technology Sourcing and Supply Chain. Prior to Uber, Sarah has worked at Workday, Facebook, and Google. (just some small startups, nbd)

Access to banking and capital is critical to innovation and growth As an immigrant, I’ve seen firsthand how access to consumer capital has allowed my parents to buy a home in a great neighborhood, which has allowed me to attend great public schools and have amazing opportunities. Unlocking capital for SMBs was one of the reasons why I decided to leave Uber and join Fundbox as their first VP Finance. Fundbox uses the latest technology to develop innovative underwriting technologies so that SMBs, who were traditionally denied access to lending products, were able to instantly access working lines of capital.

Thursday March 9th, 🕙 10am CT: Start noticing SVB stock price and chatting with finance community about moving money Thursday March 9th, 🕑 2pm CT (noon PT): Wired 1/3 Sudozi's SVB cash to another checking account 𝘓𝘰𝘨𝘪𝘤: 𝘐𝘵'𝘴 𝘚𝘝𝘉. 𝘐𝘵'𝘭𝘭 𝘱𝘳𝘰𝘣𝘢𝘣𝘭𝘺 𝘣𝘦 𝘰𝘬𝘢𝘺, 𝘣𝘶𝘵 𝘭𝘦𝘵 𝘮𝘦 𝘨𝘦𝘵 𝘴𝘰𝘮𝘦 𝘤𝘢𝘴𝘩 𝘰𝘶𝘵 𝘫𝘶𝘴𝘵 𝘪𝘯 𝘤𝘢𝘴𝘦.

Last week, you bought a mango tree that produces 2 mangos a year 🥭 🥭. Now, for the SAME PRICE, you can buy a mango tree that produces 4 mangos a year 🥭 🥭 🥭 🥭 (Because the Fed raised interest rates to fight inflation - thanks Fed!)

The answer is .... it depends. Maintaining several bank accounts and cash risk management isn't top of mind... until it is.

Short answer: it depends. How much detail and configuration are you asking accounting to do for each transaction? Is that scalable? In my opinion, strategic finance teams should be responsible for some "bookkeeping" especially as it relates to tagging detailed (but important) program initiatives, experimentation, and one-time items. We shouldn't put all the responsibility on accounting to do things that benefit strategic finance.