Datarails’ Post

LinkedIn family, I'm absolutely thrilled to share some big news! 🥳 After months of planning, my dream project is finally becoming a reality. We're launching an exclusive CFO Roundtable series, and I couldn't be more excited! The Topic: "Scaling Without Breaking: Mastering Finance Operations in Hypergrowth Environments" The event is a carefully curated gathering of the brightest finance leaders at high-growth companies. We're talking CFOs and senior finance leaders who are out there in the trenches, scaling their operations and crushing it every day. I've handpicked participants for our October roundtable, and wow, the lineup is incredible. I'm honestly humbled by the caliber of leaders who've agreed to join us. 🤯 This is just the beginning. We're planning more of these game-changing sessions, and I want YOU to be part of it. Why join us: ➡️ Swap war stories with peers who get your challenges ➡️ Pick up fresh ideas and best practices you can actually use ➡️ Network with other top finance minds in the SaaS world ➡️ Share your own experiences and learn from others who've walked the path Interested in joining a future roundtable? 1️⃣ Drop me a DM with "Future Roundtable" 2️⃣ Know a finance rockstar who should be there? Send me their name with "Roundtable Nomination" I can't wait to connect with more of you and continue building this community of top-tier finance leaders. Let's make some finance magic happen! ✨💼 #CFORoundtable #FinanceLeadership #CFO #Controller #Hypergrowth

Can I become a fractional CFO if my main background is as an F P & A Analyst? Yes, but.... An F P & A background is probably closer in skillset to a CFO than a controller is, because they (like a CFO) are looking forward, and the controller's job focuses on historical data. I would recommend one of several paths for you. 1. Start as the F P & A person within a fractional CFO firm and let them mentor you as a fractional CFO. 2. Start as a fractional F P & A, and as you earn the trust of your clients, they will ask you to expand into other areas typically performed by CFOs 3. Take a class on being a CFO from someone like The CFO Leadership Council. GrowCFO, or Andy Burrows. 4. Take a Master Class on Fractional CFOs from Carl Seidman, CSP, CPA a noted F P & A leader. The class starts later this week, and here is a link to it.

Of the six key CFO focus points identified by a recent Boston Consulting Group (BCG) article, my focus has been on two factors: talent management and digitalization. 📈A high-performing finance team is vital for long-term success. With colleagues who are open to new ways of working, including digitalization, increasing headcount becomes less necessary (therefore saving cost and increasing efficiency). 🤝Recently NetSuite's Matt Rosenthal reminded his network that being a great CFO goes far beyond crunching numbers and requires communication, collaboration, and community. I couldn't agree more. Exchanges with our investment team, sales colleagues, and other key players behind our funds are crucial.  What skills do you think are most needed in finance? CC: Johannes Ziegler, FRM, SCR, Daniel Caspar, Nikolaus Beulke, Meryem Loukili, Kristin Könnecke, Niclas Cox #CFO #finance #leadership #strategy #growth #business #risk #talent #innovation #digitaltransformation

We talk about GTM side of Finance all day long, but I realized today: we’re talking about superficial problems. In the last two days alone... VPs Finance told me that even with a reasonably sized team, the skillset and hours in the day are lacking to dig into the data and truly partner with GTM leaders. They told me that the data is messy, changing, and their FP&A planning tool is useless when it comes to the revenue side of things. (This is indeed the hardest and important part of planning and analysis). They told me that they're frustrated with the amount of analytical prep-work required to make a decision. And they told me that that RevOps is helpful but has a dozen other priorities — at least, until a few days before a board meeting. ☝🏽 Yes, these are several measurable areas of pain that we solve for Finance, RevOps, and CEOs. But what’s the actual business problem we’re solving? It’s accountability. If you can’t align the data, you can’t align executives. If you can’t align executives, you can’t align teams around intellectually honest marching orders.

📌 FP&A revolution: leading or lagging behind? Is your FP&A team setting the pace or struggling to keep up in today's dynamic business environment? McKinsey highlights the edge gained by FP&A teams who master integrating financial with nonfinancial data for superior decision-making and performance. 🏆 Key FP&A best practices: ⚫️ Align strategy with long-term plans, budgets, and reports for seamless execution. 🔴 Blend top-down and bottom-up budgeting for strategic alignment and operational efficacy. 🔵 Merge financial and operational metrics for a comprehensive business performance view. ⚫️ Dive deep into budget variances to pinpoint and rectify root causes. 🔴Establish a solid annual FP&A calendar to structure reports and manage leadership meetings. FP&A best practices are vital for informed decision-making and aligning financial strategies with business objectives, driving organizational success. ❓ How are you reshaping FP&A in your organization? Share your top practices. Would be great to hear if you disagree with some bullets. I had to be discerning to keep this list short, but I'm eager to learn from your experiences! #fpa #FP&A #FPATransformation #FinanceLeadership #connections #insights #network #knowledgeiskey #knowledge #finance #analystjobs --- 👨💼 Follow me Aviroop Prosad Bose, CMA, CASF, LFPC 🚀 Empowering career growth for professionals ✏️ Offering insightful perspectives on finance & leadership

Every incredible CFO you've ever looked up to was once also a nervous novice taking on their first ever C-suite role...😬 Take Tom Fencl for example, he is an esteemed CFO with heaps of experience but when he first started, he said from a scale of 1-10 that he ranked -1, when it came to feeling ready👎 Of course, when it came to technical skill he was certainly qualified but mentally he was not prepared for the level of responsibility that the CFO role requires. So, if you are considering that next step and have the technical skill but are anxious about the next step, know that that it is normal and you shouldn't wait because you may never feel ready 🚀 🚨However, if you don't feel ready and need some industry experience/technical support you should look at joining our Future CFO course in partnership with GrowCFO, which has helped hundreds of finance leaders gain the confidence and accreditation to own their first Chief Financial Officer role - link in comments. #cfoready #futurecfo #cfos

🚀 Why FP&A is the Strategic Powerhouse Every Business Needs 🚀 When you think of FP&A (Financial Planning & Analysis), don’t just think of spreadsheets and forecasts—think of strategic vision, financial agility, and business impact. 🔍 What FP&A Teams Really Do: FP&A is the heartbeat of decision-making, providing insights that guide a company’s direction. From forecasting the next big growth move to analyzing risks that could slow things down, FP&A professionals are the key players behind business success. ✨ FP&A is about: Supporting People’s Dreams: Behind every forecast are the ambitions of employees, the vision of leaders, and the trust of investors. Creating Security in Uncertain Times: In a world full of uncertainty, we offer clarity. We’re the backbone that supports every decision, helping businesses stay resilient. Turning Data Into Action: It’s more than just reports—it’s about fueling growth and ensuring everyone in the company feels confident about the road ahead. 💡 Think of FP&A as the ‘Control Tower’ of your Business—Watching Every Metric, Driving Every Move. Interested in joining the FP&A revolution or learning how these teams shape the future of businesses? Let's connect! 👇 #FP&A #BusinessStrategy #FinancialAnalysis #Leadership #BusinessGrowth

📌 FP&A revolution: leading or lagging behind?   Is your FP&A team setting the pace or struggling to keep up in today's dynamic business environment?   McKinsey highlights the edge gained by FP&A teams who master integrating financial with nonfinancial data for superior decision-making and performance. 🏆 Key FP&A best practices:   ⚫️ Align strategy with long-term plans, budgets, and reports for seamless execution. 🔴 Blend top-down and bottom-up budgeting for strategic alignment and operational efficacy. 🔵 Merge financial and operational metrics for a comprehensive business performance view. ⚫️ Dive deep into budget variances to pinpoint and rectify root causes. 🔴Establish a solid annual FP&A calendar to structure reports and manage leadership meetings. FP&A best practices are vital for informed decision-making and aligning financial strategies with business objectives, driving organizational success. ❓ How are you reshaping FP&A in your organization? Share your top practices. Would be great to hear if you disagree with some bullets. I had to be discerning to keep this list short, but I'm eager to learn from your experiences! #FP&A #FPATransformation #FinanceLeadership --- 👨💼 Finance director at Basware – Global Leader in AP Automation 🚀 Empowering career growth for professionals ✏️ Offering insightful perspectives on finance & leadership

FP&A professionals can become great CFOs. That's because: 1. FP&A people are strategic thinkers. 2. They understand the business goals. 3. They easily become business partners. 4. They show leadership in guiding FP&A teams. 5. They are deeply involved in budgeting and forecasting. 6. They can connect with stakeholders and influence them. All of these qualities truly match the CFO persona. And storytelling is a key skill that all great CFOs have. So, when you think of a CFO, don't think just about figures and forecasts. Think about vision, trust, and collaboration. And leading a team of analysts with great stories. FP&A is definitely a faster path to the C-suite. To help FP&A professionals become great at storytelling, I'm hosting a webinar with Paul Barnhurst, The FPandA Guy. You'll learn: 1. Essential frameworks for data storytelling. 2. 3 key areas crucial for effective communication of your data insights 3. How to strike the balance between storytelling and analysis. Mark your calendars for April 17th at 12 PM ET. I'm sure you'll find it really valuable. See you on the webinar: https://lnkd.in/dWH96Y5W Repost ♻️ if you are coming. P.S. I'm Julio Martínez, founder of Abacum.io. Follow me for daily finance and business growth insights.

The Board’s Critical Role in Effective Audit Committee Oversight!! Great advice from McKinsey & Company partners and Chris Halmy, seasoned Board Director, on preparing for the CFO role. 🔥 Few of my adds to this conversation: In today's volatile market, the board's deep engagement with the CFO is essential for making well-informed capital allocation decisions tied to business strategy. Here’s why it matters: Key Focus Areas: 1️⃣ Balance Sheet Health: Boards must prioritize discussions on balance sheet health, profitable growth, and inflation impacts. 2️⃣ Capital Allocation Strategy: Adapt to changing market conditions by refining your capital allocation strategy. 3️⃣ M&A Opportunities: Stay informed on market conditions and act swiftly on acquisition or divestiture opportunities. 4️⃣ Cost Optimization Metrics: Ensure the CFO and senior management collaborate with the CIO and CHRO to streamline IT spending and optimize office locations associated with future of work imperatives. 5️⃣ Boards must ensure the CFO and finance team have the necessary resources and support. 6️⃣ CEOs, CFOs, and boards need to focus on high-quality earnings and building sustainable business models for long-term survival. Learn more here (https://lnkd.in/eQ_-ajQg), which includes PayPal Board Director, David Moffett's wisdom. 🔥 How do you ensure effective Board oversight in your organization? #BoardGovernance #AuditOversight #FinanceLeadership #CFO #CIO #CTO #CISO #KSgems #BoardOversight #CEO Amy Rojik "Bo" Subodh Dalvi LY Desai Christopher Hetner Manuj Aggarwal