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It's not the first time we have explored the evolution of the CFO role. According to Alex Glueckler, today the CFO is expected to be a strategic advisor to the CEO and the board of directors. They must provide insights and analysis that drive decision-making and help shape the company's long-term growth strategy. What else is on the list? Alex breaks it down for us.
With more than 18 years of experience in accounting, finance, and product management, Alex is a dynamic and goal-driven leader. He skillfully merges strategic planning, analytical prowess, and process enhancement capabilities to boost business efficiency and expansion. Some of his previous roles include Chief Financial Officer for CLMBR and Pure Harvest Corporate Group, as well as Interim CEO of Alternate36.
In this episode, we discuss:
- The evolving role of the CFO
- Effective leadership and communication in finance
- The importance of work-life balance for CFOs
- Managing stress and avoiding burnout
- Harnessing the power of data analysis in finance -
Do modern CFOs need to consider integrating AI, automation, or analytics into their financial operations? The answer is a resounding yes. These technologies are not only useful for streamlining accounting processes but also for making more informed strategic decisions that can give businesses a competitive edge. To shed light on this topic, we have invited Aneal Vallurupalli to share his expertise.
Aneal is the CFO at Airbase, a company focused on helping businesses with their spend management needs. He has vast experience in corporate finance, corporate development, operations, and technology mergers and acquisitions. Before joining Airbase, Aneal was the Vice President of Finance and Operations at Mattermost, where he played a key role in significantly increasing the company's enterprise value.
In this episode, we discuss:
- How financial technology drives value and efficiency
- The role of analytics and AI in finance
- Streamlining accounting processes
- What the role of the modern CFO entails -
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The emergence of new technologies like AI and the increasing influence of data-driven decision-making have brought new challenges to financial professionals. At the same time, CFOs can use them to provide the most value to a company’s financial performance. It's all about the strategy. And today, Tom Panther shares his wisdom on how CFOs can leverage all these modern tools.
Tom is an experienced finance professional with a 25-year track record in the industry, encompassing finance, accounting, and HR roles. Throughout his career, he held leadership titles such as Director of Corporate Finance, Corporate Controller, Chief Accounting Officer, and Head of Total Rewards at companies like FLEETCOR, SunTrust, and EVO Payments.
In this episode, we discuss:
- The impact of technology on the CFO role
- How authentic leadership drives financial success
- Talent acquisition strategies for CFOs
- The future of high-performing CFOs
- What role does AI play in finance? -
CFOs play a key role in shaping financial strategies to ensure the growth and success of their organizations. However, when faced with a high-interest rate environment, the challenges become even more significant. CFOs need to adapt their financial planning approaches to navigate these circumstances effectively. Today, we'll explore the topic along with Guido Torrini, CFO of OneTrust.
Guido's thirty-year career has consistently been at the forefront of transformative enterprise technology. Starting at Cisco and Dell, he played a key role in developing the hardware and network infrastructure critical for the widespread adoption of computers and devices. As a leader of finance teams at companies such as Groupon and Gympass, he promoted direct online interactions and transactions between businesses and customers.
In this episode, we discuss:
- How to balance growth and profitability in 2024
- The power of networking for CFOs
- The impact of interest rates on financial planning
- Key traits for today's CFOs
- Customer experience and product innovation
- The CFO's role in a high-interest rate environment -
Optimizing cash flows is key for an organization to stay financially healthy and achieve sustainable growth. Cash flow management involves monitoring, analyzing, and optimizing the inflow and outflow of cash within the company. Traditionally, this responsibility has fallen on the CFO. However, with the rise of AI, CFOs can now leverage new tools and algorithms to enhance their role in optimizing cash flows. Let's speak with Max Dame to learn how to do that.
Max is an experienced finance and accounting leader with a strong background in SaaS and marketing technology and expertise in financial planning and analysis, financial reporting, and accounting. Currently, he serves as the Vice President Of Finance And Operations at Tesorio. Before that, Max was the Vice President of Finance at Formation, Director of Finance and Accounting at Kenandy, as well as Director of Finance and Senior Consultant at Meritus.
In this episode, we discuss:
- The role of AI-driven CFOs in net cash flow optimization
- Why CFOs should embrace technology and AI
- The three pillars for successfully transforming financial health
- Cash flow optimization strategies in the current economic landscape
- AI's impact on the future of finance -
While businesses are constantly looking for ways to optimize their spending and maximize their ROI, they often overlook legal spending, which plays a key role in safeguarding the organization's interests. That's where a strong relationship between CFOs and legal teams becomes critical to ensure cost-effective legal services. To help us dive deeper into this topic today, we have Eric Bouchard.
Eric is the Chief Financial Officer at Axiom. He has diverse work experience, starting in 1998 as a Senior at KPMG Audit. Throughout his career, he has held leadership positions at companies such as Bombardier Transportation, Alcan, Bauxite and Alumina, Atrium Innovations, and Nestlé Health Science. Today, he serves as the Chief Financial Officer for Axiom.
In this episode, we discuss:
- The CFO-legal partnership
- Maintaining quality in legal support
- How to avoid regulatory issues
- Integrating AI while managing risks -
Historically, CFOs were mainly responsible for financial management, reporting, budgeting, and forecasting, ensuring the company's financial health and profitability. However, with the CFO's increasing involvement in strategic decision-making and their crucial role in shaping the future direction of their company, the role is now taking on a new title - the Chief Future Officer. To understand the various aspects of this evolving role and discuss how CFOs are adapting to meet the challenges of the future, we discuss with Joy Mbanugo.
As ServiceRocket's CFO, Joy oversees the Finance, Accounting, Procurement, and Workforce Planning teams. With more than 20 years of experience in audit, tax, business operations, financial services, and financial planning and analysis across different industries, she brings a wealth of knowledge to her role. Before ServiceRocket, Joy spent five years at Google, where she assessed Google Cloud Partnerships and Solutions, managed Alphabet's financial data, and optimized the cash management for assets exceeding $100 billion.
In this episode, we discuss:
- The evolving role of the CFO
- Upskilling employees for growth
- From Chief Financial to Future Officer
- Collaboration and team building for CFOs
- Empowering women in the workplace -
The financial industry is experiencing a significant change with the rise of digitization and cryptocurrencies. As technology advances, traditional assets are becoming more digital, allowing for smoother transactions and greater accessibility. At the same time, cryptocurrencies like Bitcoin and Ethereum are gaining traction as alternatives to traditional financial systems. The main question is, “What implications do these changes have for traditional financial institutions?” Emmanuel Daniel has some curious insights to share.
Emmanuel is an entrepreneur and corporate strategist, acknowledged among the top 10 global influencers in the FinTech Power 50 list for both 2021 and 2022. He is the founder of TAB Global and author of "The Great Transition." Drawing on his travels to over 110 countries, Emmanuel actively shares his insights through his blog and is currently working on his second book, "The Winning Civilization," set for release in 2024.
In this episode, we discuss:
- Challenges and opportunities in modern finance
- Blockchain and the evolution of financial institutions
- Balance sheets and digital assets
- The impact of decentralized finance on traditional banks
- Security and stability of financial digital assets -
Small business owners encounter multiple difficulties when it comes to making wise financial decisions. Limited resources, lack of expertise, and time constraints can often restrict their ability to make informed choices that can enhance the financial well-being and success of their businesses. But Danielle Hendon of 4 Corners CFO is on a mission to change that.
Danielle helps business owners earn their deserved income and increase their profits annually by helping them understand their finances and the reasons behind their fluctuations. With over ten years of experience in corporate finance and accounting from her time at LINN Energy/Riviera Resources, UHY Advisors, and Devon Energy, she offers small businesses tailored financial guidance that aligns with their budget and requirements.
In this episode, we discuss:
- Strategies for improving operational profit
- The role of CFOs in small business success
- How small businesses can benefit from thinking like the big ones
- The value of non-revenue-generating roles for scaling your business -
Businesses are always searching for methods to improve their operations and gain an advantage over their competitors. One area often neglected is making finance part of the business' operating fabric. However, by bringing finance into decision-making processes and aligning it with other functions, companies can achieve better financial outcomes, mitigate risk, and drive growth. And that's what Luigi Testa talks about in today's episode.
Luigi is an accomplished finance and strategy professional with a vast background in venture capital and SaaS industries. He is the Chief Financial Officer at LinkSquares and a Founding Member of The F Suite, an exclusive, invitation-only community for CFOs. Previously, Luigi worked at Building Engines. His performance and leadership were recognized when he was named among the Boston Business Journal's 2023 CFO of the Year.
In this episode, we discuss:
- How integrating finance elevates business operations
- The AI impact on finance
- Leadership and relationship building in finance
- How to strike a balance between growth and efficiency
- Storytelling in finance communication -
The global pandemic, armed conflicts, political instability, and rapidly evolving technology are just some of the key challenges faced by financial leaders in today's economic climate. Nevertheless, they can also present opportunities for organizations to succeed. Today, Ali Firoozi provides practical insights to help navigate challenges like recent rate increases from the Fed and the recurring threat of a US government shutdown.
With over two decades of expertise in finance, Ali serves as the CFO of The PAC Group, where he oversees the financial integrity and system accuracy for the company's $65 million global consulting and engineering management operations. Throughout his career, Ali has worked for companies like Logix Federal Credit, JPMorgan Chase, and Washington Mutual Bank.
In this episode, we discuss:
- The impact of Federal Reserve rate increases
- Potential ramifications of a US government shutdown
- Challenges and opportunities for financial leaders in today's economy
- CFO strategies for turbulent times
- The future of the US dollar as the reserve currency -
No profits, no growth. It's a business reality applicable to all companies. Without profits, there is no way to invest in innovation and operations expansion, or attract top talent. In this episode of CFO Weekly, Manny Skevofilax joins Megan Weis to share how to maximize profitability while growing your business.
Manny is the Principal at PORTAL CFO Consulting. His role is to serve business owners as their navigators to business growth and making more money. Along the journey, Manny helps clients gain a better understanding of their business's financial health so they can make more informed business decisions.
In this episode, we discuss:
- Strategies for maximizing profitability
- Overcoming the challenges of business growth
- Building efficiency in business operations
- The role of financial discipline -
An IPO is not just a financial milestone in the business growth, but a transformative journey demanding a complete, data-driven, and strategic reorientation of the entire business. A CFO plays a key role in the IPO process. To learn more about it, we discussed it with Jayson Noland.
Jayson Noland is CFO at HackerOne, a company empowering the world to build a safer internet. He is also an Advisory Council Member at Forgepoint Capital. Previously, Jayson worked at Cloudflare as VP of Strategic Finance, Treasury, and Investor Relations.
In this episode, we discuss:
- IPO readiness strategies
- Data-driven decision-making in IPO planning
- Steps to transform your business for the stock market
- How to effectively manage capital market engagement -
Amidst a constantly shifting landscape defined by economic flux, geopolitical unrest, fleeting product cycles, and fierce talent competition, businesses strive to stay ahead. At the helm, CFOs wield crucial influence, not merely overseeing financial outcomes but actively driving strategic transformations. As guardians of a company's fiscal health, they proactively shape and steer organizations through these dynamic challenges, ensuring resilience and adaptability in the face of change.
Aaron Sallade is the Chief Financial Officer at BiggerPockets. He is a seasoned leader with over 15 years of expertise in finance strategy and operations, dedicated to driving value creation. Before joining BiggerPockets, Aaron spearheaded numerous strategic initiatives and pioneered category expansion efforts at Home Advisor. His extensive background includes diverse roles in corporate finance, private equity, and investment banking. Moreover, Aaron is an Army veteran, having served in Bosnia Herzegovina and Afghanistan. Beyond his professional endeavors, he manages a small portfolio of investment properties and cherishes moments with his wife and four kids.
In this episode, we discuss:
- Understanding operations as a CFO
- Prioritizing revenue over cost-cutting for tangible impacts
- Identifying, analyzing, and aligning resources for future strategies
- Risk mitigation and financial strategies -
Winning at the finance game requires a specific set of skills. It's not just about financial literacy or accounting; soft skills are equally important. You might wonder what these skills are and how to learn them, but don't worry. Stephen Newland, Director of FP&A at GrowthLab Finance-as-a-Service, got you covered.Stephen has worked in a finance role at various organizations, including startups, early-stage companies, nonprofits, and Fortune 500s. He earned the Certified Management Accountant designation in July 2022 and has an Honors Bachelor of Business Administration degree in Finance and Accounting from the University of Cincinnati. Before GrowthLab, Stephen held finance roles in organizations like Gravy, Qoins, North Point Community Church, Buckhead Church, Delta Air Lines, and GE.In this episode, we discuss:-How does GrowthLab help businesses optimize their finances for growth?-The importance of learning from mistakes-What skills are essential in helping finance professionals stand out and advance more quickly within their organizations?-How can finance professionals develop soft skills early on?-How can you build relationships and win over the trust of leadership?-Creating a plan for personal growthPresented by Personivhttps://insights.personiv.com/cfo-weekly
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In this episode of CFO Weekly, Carl Seidman, Interim CFO and Finance Director at Seidman Financial joins Megan Weis to discuss the importance of integrating finance into the overall business and operations, how to transform your FP&A, and the four pillars of success for companies. He also shares his approach to helping companies develop financial professionals into more powerful performers and build FP&A functions so that financial intelligence drives organizational success.
Carl is a trusted business advisor specializing in FP&A, business strategy, and finance transformation. He advises Fortune 500 and middle market companies, helping establish effective FP&A practices, processes, and teams. At the same time, Carl supports financial professionals, positioning them for greater control over their careers by helping build their confidence while eliminating time-wasting activities and mistakes. He is also an Adjunct Faculty Member of the American Management Association and a Senior FP&A Instructor at Wall Street Prep.
In this episode, we discuss:
-What does transforming FP&A look like?
-What are the four key pillars of FP&A?
-What's the difference between the FP&A function in small versus large organizations?
-Why is there a need for FP&A professionals to be entrenched in other business functions' operations?
-How does technology make finance a seamless part of a company's operations?
-How can finance leaders promote financial responsibility and accountability cultures?
Presented by Personiv
https://insights.personiv.com/cfo-weekly -
In recent years, the CFO role has undergone a significant transformation. No longer limited to simply managing financial resources, CFOs now play a critical role in strategic decision-making, fundraising, ensuring long-term sustainability, and much more. To get a 360-degree view of the evolution of the CFO, we're joined today by Ilana Esterrich.
With her extensive 30-year career in operations and finance, Ilana currently excels in her role as the CFO of Planned Parenthood, a trusted healthcare provider. Before that, Ilana served as CFO for the American Coatings Association, Chief Financial and Administrative Officer for the Centre of Strategic and Budgetary Assessments, and President of the American Women’s Club of Thailand.
In this episode, we discuss:
- The evolving role of the CFO
- The subtle differences between modern nonprofit and for-profit CFO roles
- How to build effective financial teams
- Leveraging AI in accounting and finance -
Risk is an inherent part of the business game. However, the level of risk and skills involved in playing professional power are very different from those required to win a lottery. To win in business, you must take smart risks while conducting thorough research and proactively managing assets. But let's hear what Isaac Strulowitz has to say about mitigating financial risk.
Isaac is a finance professional with over 10 years of experience. He is a Partner and Chief Financial Officer at CoVenture. Prior to this, Isaac worked in Real Estate Finance for The Blackstone Group. His first professional roles were at EY, where he started as an Intern.
In this episode, we discuss:
- Balancing risk and reward
- Smart risk-taking and mitigation
- Integrating judgment, experience, and data
- Avoiding common mistakes in fast-growing businesses -
Your team may seem busy, but that doesn't necessarily mean they are being productive. They may be working hard but not necessarily smart, often spending time on ineffective tasks. These are known as "time thieves," silently hurting your business productivity. However, according to James Kennedy, "Making Work Visible" can help combat these time thieves. Today, he will be sharing some insights with us.
James is a well-versed entrepreneur, currently dedicated to assisting finance teams by providing a wealth of resources, including educational content, podcasts, videos, and specialized software. His entrepreneurial journey includes founding and managing companies like Piehole and Smartnote, building on his earlier experience as a Contract Engineer at Arantech.
In this episode, we discuss:
- The importance of "Making Work Visible" for enhancing team productivity
- How to identify and mitigate "time thieves"
- The 15-minute daily stand-up meeting productivity hack
- Strategies for harmonizing expectations with reality -
Inflation, COVID-19, and AI are just a few of the many concerns that can lead to unexpected business scenarios. The ability to identify, evaluate, and mitigate these risks is crucial for an organization to navigate the uncertainties and challenges they face. In simple terms, it's all about financial risk management. And today, we have the pleasure of diving into the topic with a special guest, Meg Johnson.
Meg is a Financial Services Regulatory Professional with over two decades of experience in bank regulation, risk management, operational strategies, and strategic planning. Currently, she serves as the CFO at Terra State Community College. Before that, Meg was the Executive VP and Deputy Chief Risk Officer at S&T Bank and the VP of Community and Regional Supervision at the Federal Reserve System.
In this episode, we discuss:
- Strategies for effective financial risk management
- How to cultivate a culture of integrity in financial risk management
- The role data, analytics, and technology in financial risk management
Presented by Personiv
https://insights.personiv.com/cfo-weekly - Visa fler
