In this Weekend Update
Eddie gives an update on the past few weeks and coming weeks in ATC
Consero shares the four most common challenges finance teams face and how to overcome them
WSGR discusses patents around digital health
St. Edward's asks you to complete a survey to understand your needs for grads
An ATC Update by Eddie
It’s been a great first month serving as the Head of Sales and Marketing for the ATC. As I meet with various members, partners, and sponsors, I see how passionate people are about their community and the role technology plays in the Central Texas ecosystem.
Last night, while attending the ATC CEO Dinner, presented by PricewaterhouseCoopers, there was lively discussion about the different opportunities and challenges faced in doing business in Austin, and what can be done to promote advancement for all. While each executive offered different perspective, based on the stage of their company, and past experiences in other markets, the consensus was that the ATC Policy Coalition's work to create a dialogue between policy and technology will play an integral role in the overall growth of the industry. While we serve you as The Voice of Austin Technology, the ATC Policy Coalition will educate elected officials about the needs of your business. I hope that you will join us at the upcoming City Council Series, on August 30th at Galvanize, September 13th at WeWork (University Park), and three additional events to follow soon.
Thanks so much to Jeff and Grant from PwC for hosting the event last night. We truly appreciate and thank you for your support!
Looking ahead, we have our next Sponsor Mingle & Member Happy Hour, presented by Crossover on September 1st at Mean Eyed Cat. I’m excited to meet more of you and introduce the Crossover team to our organization. All members are welcome and we hope you will join us!
The more members we have, the stronger we are in representing your interests, so encourage others to join and feel free to pass along recommendations. If you’re interested in discussing how we can help grow your business by making connections or educating members about your products and services, please reach out to me, and I’ll be happy to set aside time to discuss.
Thanks for your support of Austin technology, have a great weekend!
Four Challenges Companies Face with Their Finance Teams
Every executive knows that a well-running finance department is crucial to their company’s success. Being able to handle, process and analyze the monies that are coming in and going out is paramount. When things are not going well, your company’s forward progress comes to a screeching halt. Here are four most common challenges that companies are facing with their finance teams and how to overcome them.
A New Reality for Patent EligibilityMost small businesses do not understand what finance should be giving them. It’s that lack of understanding that paints a negative image in their mind of a necessary evil. They know they have to invoice the customer, pay vendors and get information to their CPA or accountant. Unfortunately, they see no value in spending time on these types of tasks.
In a unanimous decision, the U.S. Supreme Court affirmed the Federal Circuit’s en banc decision that petitioner Alice Corporation’s asserted patent claims directed to software for exchanging financial obligations were invalid for being directed to a patent-ineligible abstract idea. Applying its two-part framework laid out in its 2012 decision in Mayo Collaborative Services v. Prometheus Laboratories, Inc., the Court held that the claims were drawn to an abstract idea, that of intermediated settlement, and that merely requiring generic computer implementation failed to transform that abstract idea into a patent-eligible invention.
St. Edward's Wants Your Feedback
As we continue our effort to support the Austin business community and supply highly talented students for the growing economy, we would like your feedback.
This survey will only take about 1 minute to complete but will provide us invaluable insight into preparing our students for your future hiring needs.