GrowCFO Show

#236 Risk Is Changing. Is Your Board Keeping Up? with Patrick Dunne https://open.spotify.com/episode/52560DpsRV0fr9XStbziYw In this thought-provoking episode of The GrowCFO Show, Kevin Appleby engages with Patrick Dunne, an experienced Chair and Board Member in both business and social enterprise sectors, to explore the evolving landscape of risk management at the board level. The conversation examines how traditional approaches to risk governance may no longer be sufficient in today's complex business environment, where non-financial risks increasingly dominate the risk landscape.Patrick Dunne, recently awarded an OBE for his services to philanthropy in Africa and the UK, shares insights from his viral LinkedIn article suggesting that the conventional audit and risk committee structure requires fundamental rethinking. The discussion challenges finance leaders to consider whether their current risk management frameworks are adequately equipped to address emerging threats, particularly those stemming from geopolitical instability, technological disruption, and social change. Dunne advocates for more diverse risk committees that incorporate varied perspectives across generations, backgrounds, and expertise. Key topics covered: Traditional audit and risk committees are often dominated by financially-oriented individuals from similar backgrounds, limiting their ability to identify and address non-financial risks Organizations should consider establishing separate risk committees with diverse membership to bring fresh perspectives to risk identification and management Effective risk management requires focusing on consequences rather than events, preparing for the impact of risks rather than the risks themselves The concept of "combinatorial risk" - where multiple events occur simultaneously - presents particular challenges that boards must learn to navigate Diversity in risk governance is not just about demographics but also about including different thinking styles, experiences, and generational perspectives https://youtu.be/97Y65cAzzBs Links Patrick Dunne on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:12:24 Patrick explains why the prevailing model of audit and risk committees needs rethinking in light of today's dominant non-financial risks 0:18:35 Discussion of how focusing on consequences rather than events leads to more effective risk management, illustrated by examples from the COVID-19 pandemic 0:25:10 Patrick emphasizes the importance of distinguishing between "worrying" and "thinking" in risk management 0:32:18 Exploration of how diversity and inclusion in risk committees leads to better risk identification and mitigation strategies 0:41:05 Discussion of data security and cyber risk as critical areas requiring specialized expertise on risk committees 0:48:22 Patrick shares practical advice for boards looking to modernize their approach to risk governance Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#235 How AI Is Transforming Accounts Receivable with Ben Winter and Jeff Martini https://open.spotify.com/episode/0mxBSzi1Gzvigoo9manusQ In this insightful episode of The GrowCFO Show, host Kevin Appleby explores how artificial intelligence is revolutionizing accounts receivable processes with guests Jeff Martini, CFO at Bishop Lifting, and Ben Winter, Co-Founder at Stuut. The conversation delves into the practical applications of AI in finance departments, particularly focusing on accounts receivable automation and the tangible benefits organizations are experiencing through implementation  The discussion highlights how AI is moving beyond simple chatbot functionality to transform entire AR processes, with Jeff sharing his company's experience implementing AI-driven solutions that handle routine collection tasks while allowing human collectors to focus on more complex dispute resolutions. Ben provides valuable insights on the importance of focusing on business outcomes rather than technology features, emphasizing that accounts receivable is ultimately a revenue function that impacts customer experience. Both guests stress the importance of understanding AI's capabilities and limitations to ensure successful implementation and meaningful results.  Key topics covered: AI implementation in accounts receivable is most successful when focused on specific business outcomes rather than implementing technology for its own sake Modern AI solutions can effectively handle three common collection scenarios: confirming payment, securing promises to pay, and sending requested documentation Human collectors remain essential for handling disputes and complex scenarios, with AI serving as a tool to enhance their capabilities rather than replace them Successful AI implementation requires coordination across departments including sales, account management, and fulfillment teams The rapid advancement of AI technology presents challenges for CFOs trying to stay current with capabilities, requiring trusted partnerships with technology providers https://www.youtube.com/watch?v=nb12TtUmSJ0 Links Ben Winter on LinkedIn Jeff Martini on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 Kevin Appleby introduces the episode topic on how CFOs are adopting AI in finance functions 0:13:47 Ben Winter discusses how AI adoption has evolved from technology-focused to outcome-focused implementations 0:18:29 Kevin raises the challenge of CFOs keeping up with rapidly advancing AI capabilities 0:26:29 Discussion on how AI provides additional insights by analyzing customer communications to identify reasons for late payments 0:43:31 Exploration of how AI is transforming accounts receivable beyond manual processes to provide actionable insights Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#234 Power BI, Python & Copilot: What Finance Teams Need to Know with Dan Stockdale https://open.spotify.com/episode/4gs9QiDVheQ0U2ZnGm4QBU In this insightful episode, host Kevin Appleby welcomes back Dan Stockdale, a GrowCFO facilitator and financial modeling specialist. Dan shares his journey from management accountant to financial modeling expert across diverse industries including media, advertising, defense, and retail. Currently working as a contractor for London Business School and creating online courses for finance professionals, Dan offers valuable insights on automation tools that are transforming finance departments. The conversation explores how Power BI, Power Query, Power Pivot, Python, and Microsoft Copilot are revolutionizing financial analysis and reporting. Dan emphasizes that while learning these tools initially requires investment, the practical implementation in day-to-day finance operations delivers significant time savings and value creation. He highlights that as organizations collect increasingly larger volumes of data from diverse sources, finance professionals who can leverage these automation tools become indispensable to their businesses. Key topics covered: Dan explains how Power BI enables finance teams to automate month-end reporting and create dynamic visualizations that tell compelling financial stories The conversation covers the growing importance of Python in Excel for predictive analytics and how it's becoming more accessible to finance professionals Dan discusses how Microsoft Copilot is changing financial modeling, though he cautions about the need for human oversight when using AI-generated code The discussion explores how automation tools free finance professionals from routine tasks, allowing them to focus on delivering insights and strategic value Dan shares his plans to continuously update his courses as Microsoft releases new AI and automation features, ensuring finance professionals stay current with technological advancements https://www.youtube.com/watch?v=ote8IemqGfs Links Dan Stockdale on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:11:44 Dan introduces his background as a management accountant who specialized in financial modeling across multiple industries 0:14:09 Dan discusses the learning curve of automation tools and the importance of practical implementation to solve business problems 0:22:48 The conversation covers data sources and the challenges of departments using Excel spreadsheets as databases 0:27:38 Discussion about the speed and efficiency benefits of automation tools compared to traditional manual processes 0:33:51 Exploration of the time-to-value proposition of Power BI and the challenges of data preparation Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#233 Post-Acquisition, Pre-Burnout: Surviving M&A as a CFO with Kathy Kinder https://open.spotify.com/episode/5wmvtV5W3CneLlcQwQ0qJh?si=Fejf8jefTK2Lje3nVPHB7g In this insightful podcast episode of the Grow CFO Show, Kevin sits down with Kathy Kinder. Their discussion centers on the critical challenges CFOs face during mergers and acquisitions, with particular emphasis on post-acquisition integration and avoiding burnout. Kathy brings extensive experience from her career spanning multiple private equity-owned companies where she managed numerous acquisitions, growing one company from $30 million to over $130 million in revenue.  The conversation highlights the importance of simplifying organizational structures post-acquisition to reduce costs and improve efficiency. Kathy shares valuable insights on managing teams through periods of change, emphasizing communication and addressing performance issues promptly. Her transition from corporate CFO roles to fractional CFO consulting reflects a growing trend among finance executives seeking more balanced careers while still leveraging their expertise to help growing companies avoid costly mistakes. About Kathy Kinder:Kathy Kinder is a former CFO with over 30 years of experience managing accounting, HR, legal and facilities. She focused her expertise as a CFO for tech companies, facilitating over 13 acquisitions. These acquisitions cover private asset and stock sales, carve outs of public companies, and public take private situations.  An original founder of LiftBridge, Kathy is now largely retired from direct client work but still contributes as a mentor to those wanting to grow their CFO skills, or for founders needing basic background or increased practical understanding of business and finance. Kathy, along with her co-founders Kay Whitaker and Ashley Vukovits, won the 2022 Mira Award for Service Partner of the Year. The judges for the Mira Awards, presented by TechPoint, ‘determined LiftBridge's effectiveness with its clients is likely to have a lasting impact on the success of the Indiana tech ecosystem startups and scale-ups well past the critical five-year survival mark'. Kathy is a dog lover and former owner of a doggy boarding and daycare business.  Key topics covered: Kathy led finance teams through 11-12 acquisitions under Battery Ventures, managing accounting, revenue recognition, HR, facilities, and legal contracts while navigating the complexities of rapid growth  Post-acquisition integration requires simplification of organizational structures, including consolidating federal ID numbers to reduce redundant reporting and standardizing employee benefit plans across merged entities  Effective team management during M&A transitions depends on clear communication and treating team members as valued contributors rather than subordinates  Addressing underperforming team members promptly is essential during acquisitions to maintain overall team morale and productivity  The multi-faceted role of a CFO during M&A requires broad knowledge across business functions, with Kathy emphasizing that there are "no stupid questions" when navigating unfamiliar territory  Transitioning to fractional CFO work can provide a less stressful alternative for experienced finance executives while allowing them to mentor growing companies and help them avoid common pitfalls https://www.youtube.com/watch?v=XAYQOwPdyhA Links Kathy Kinder on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 00:01:04: Introduction to the podcast and explanation of the recording process with new mentor Kathy. 00:05:00-00:10:00: Kathy shares her background from "bean counter" at Stokely Van Camp to managing growth at a tech company that went public. 00:08:30-00:10:45: Experience leading finance through 11-12 acquisitions under Battery Ventures, growing from $30M to $130M in revenue.

#232 The CFO's Guide to Creating a High-Impact Global Team with Benyam Hagos https://open.spotify.com/episode/3xcOnyHg4WGip8LALiVb6T The role of a Chief Financial Officer (CFO) in building and scaling a high-performance global finance team is critical to an organization's success. In today's rapidly evolving business landscape, CFOs must navigate complex challenges of team development, international expansion, and cultural transformation while maintaining strategic alignment and operational excellence. In this insightful podcast episode, Benyam Hagos, CFO of Form3, shares his comprehensive approach to creating a dynamic and adaptable finance function. The discussion explores the intricate process of transforming a startup finance team into a sophisticated, globally-oriented strategic partner, emphasizing the importance of talent development, cultural fit, and strategic recruitment. Key topics covered: Strategic Team Transformation Deliberate restructuring of finance team with 75% new talent Focus on specialist roles over generalist positions Emphasis on cultural alignment and professional development International Expansion Strategy Structured approach to building finance capabilities across multiple geographies Careful consideration of compliance and local market requirements Gradual, strategic hiring in new markets Leadership and Team Development Commitment to continuous learning and professional growth Transparent communication about organizational expectations Creating a flexible, remote-friendly work environment Recruitment and Talent Management Two-way interview process focusing on cultural compatibility Proactive approach to identifying and nurturing talent Encouraging internal mobility and career progression https://youtu.be/Bqatoyfy-F4 Links Benyam Hagos on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:07:05 - Discussion on learning and development challenges 0:11:09 - Background exploration of professional experiences 0:11:34 - Career trajectory and consulting background 0:12:29 - Insights into professional growth and partner dynamics 0:13:12 - Exploration of career progression challenges 0:15:44 - Podcast introduction and guest background 0:16:54 - Company overview and strategic positioning 0:22:03 - Personal challenges in transitioning to CFO role 0:26:18 - Team structuring and international expansion approach 0:48:10 - Building team cohesion in a remote work environment Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#231 Outgrowing Xero: When It's Time to Level Up Your Finance Systems with Darren Cran https://open.spotify.com/episode/2u9wa8kz26D64O7Fc5NpMF In the rapidly evolving landscape of financial technology, businesses face critical decisions about scaling their accounting systems. Choosing the right financial management platform can make the difference between operational efficiency and strategic growth limitations. The Grow CFO Show podcast, hosted by Kevin Appleby, explores this crucial transition with Darren Cran, CEO of AccountsIQ, diving deep into the challenges and considerations of moving beyond entry-level accounting software like Xero and QuickBooks. The discussion centers on the pivotal moment when small to medium-sized enterprises outgrow their initial financial management tools and require more sophisticated solutions. Darren Cran brings a wealth of experience as a chartered accountant and technology leader, offering insights into the complex decision-making process of selecting an enterprise-level financial system. The conversation illuminates the nuanced requirements of businesses in the 20-50 employee range, where basic accounting software begins to show its limitations. AccountsIQ emerges as a strategic solution for businesses seeking a lightweight ERP system that bridges the gap between basic accounting platforms and complex enterprise resource planning tools. The podcast explores the critical factors businesses must consider, including reporting capabilities, integration potential, scalability, and the evolving role of technology in financial management. Cran emphasizes the importance of choosing a system that not only meets current needs but also provides flexibility for future growth. The discussion extends beyond system selection, delving into the transformative potential of emerging technologies like artificial intelligence in financial processes. Darren Cran provides a forward-looking perspective on how AI and cloud technologies are reshaping financial management, offering businesses unprecedented opportunities for efficiency, insights, and strategic decision-making. Key topics covered: Identifying the critical transition point for financial management systems Exploring the limitations of entry-level accounting platforms Analyzing the specific needs of mid-market businesses Understanding the importance of scalable financial technology Discussing the role of integration and reporting capabilities Examining the implementation process for advanced financial systems Investigating the potential of AI in financial management Comparing lightweight ERP solutions with traditional enterprise systems Highlighting the importance of user experience in financial software Exploring the future of financial technology and digital transformation https://www.youtube.com/watch?v=XpOei-pHzBM Links Darren Cran on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:09:10 Darren Cran's role at AccountsIQ 0:13:26 Podcast formal introduction 0:18:52 Market positioning discussion 0:24:25 Scalability of light ERP systems 0:39:17 FP&A capabilities exploration 0:44:28 AI's impact on financial systems 0:50:31 Challenges of AI implementation Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#230 How to Build Your Legacy as a First-Time CFO with Danielle Keeven https://open.spotify.com/episode/4bbVHlHNa80oANEpgOdOZc In the dynamic world of corporate leadership, the journey of a first-time CFO represents a critical inflection point for emerging financial executives. Building a lasting legacy requires a strategic approach that combines technical expertise, leadership acumen, and personal growth. This podcast episode featuring Danielle Keeven, CFO at Vio.com, offers an insightful exploration of navigating the complex landscape of financial leadership, particularly for women breaking through traditional corporate barriers. Danielle Keeven's narrative provides a compelling blueprint for aspiring financial leaders, highlighting the importance of transparency, continuous learning, and strategic thinking. Her transition from VP of Finance to CFO at Vio.com demonstrates the critical skills required to excel in top-tier financial roles. The discussion delves into the challenges of imposter syndrome, the value of building a supportive network, and the significance of embracing opportunities that push professional boundaries. The conversation explores the multifaceted nature of modern CFO responsibilities, extending far beyond traditional financial management. Keeven emphasizes the importance of being curious about all aspects of the business, managing lean teams, and driving strategic growth. Her approach to leadership is characterized by openness, continuous learning, and a commitment to supporting talent development within her organization. Throughout the podcast, Keeven shares her unique perspective on women in leadership, demonstrating how personal commitment and strategic approach can overcome systemic challenges. Her journey illustrates the importance of running towards professional challenges, building a supportive network, and maintaining a growth mindset in the ever-evolving world of corporate finance. Key topics covered: Strategic Transition to First-Time CFO Role Overcoming Imposter Syndrome in Leadership Importance of Transparency and Continuous Learning Lean Team Management and Operational Efficiency Women in Leadership: Breaking Corporate Barriers Bootstrapped Company Growth Strategy Embracing Technological Innovations in Finance Building a Supportive Professional Network Strategic Approach to Professional Development Balancing Technical Expertise with Leadership Skills https://www.youtube.com/watch?v=ubGYbvY_EAQ Links Danielle Keeve on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:01:18 Career Progression Discussion 0:03:35 Bootstrapping Business Strategy 0:05:04 Professional Background Exploration 0:10:15 Imposter Syndrome Insights 0:16:53 Leadership Learning Experiences 0:22:01 Funding and Growth Perspectives 0:30:35 Expanding CFO Responsibilities 0:38:45 Team Development Approach 0:47:14 Technology and AI in Finance 0:51:32 Future Professional Development Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#229 The Finance Playbook: What Robotics Startups Can Teach About Operational Agility with Maria Ghibu https://open.spotify.com/episode/2BrVUEFhCiaYZSTsz10XvO The finance landscape is undergoing a transformative revolution, driven by technological innovation and unprecedented operational challenges. Operational agility has emerged as a critical strategic imperative for startups navigating complex technological ecosystems, particularly in high-stakes sectors like robotics and biotech. Maria Ghibu, a distinguished Global CFO at Testhouse, brings a wealth of international experience and strategic insights into the intricate world of technology-driven entrepreneurship. Her professional journey spans multiple countries and critical roles in post-merger integration, fundraising, and strategic financial management, offering a comprehensive perspective on operational excellence in challenging technological domains. The podcast episode delves deep into the multifaceted challenges of financing and scaling robotics startups, illuminating the critical intersection of technological innovation, financial strategy, and investor relations. Ghibu's expertise provides a nuanced understanding of the complex ecosystem where long research and development cycles, regulatory hurdles, and investor expectations create a demanding operational landscape. Key topics covered: Strategic Financial Navigation in Technology Ecosystems Comprehensive Fundraising Strategies for Robotics Startups Operational Agility as a Competitive Differentiator Investor Relationship Management Methodologies Navigating Complex R&D Cycles in Technology Sectors Professional Competency Framework Development Strategic Network Building and Professional Connections Experiential Learning and Organizational Transformation Integrated Finance and Operational Leadership Approach Critical Success Factors in Emerging Technology Ventures https://youtu.be/xkhJmKajXG8 Links Maria Ghibu on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:02:55 - Exploring Innovative Learning Platforms 0:16:27 - International Professional Development Trajectory 0:27:20 - Fractional CFO Strategic Insights 0:35:06 - Advanced Investor Engagement Techniques 0:40:54 - Career Evolution and Strategic Positioning 0:44:05 - Governance and Leadership Perspectives 0:47:21 - Professional Relationship Ecosystem 0:48:51 - Podcast Synthesis and Reflection 0:49:49 - Post-Recording Strategic Dialogue 0:50:55 - Organizational Talent Development Strategies Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#228 The Confidence Code: Secrets to Owning Every Room with Susana Serrano Davey https://open.spotify.com/episode/393rj0qXYpByeuWWjgoC5i Confidence is a critical yet often misunderstood element of professional success. In today's competitive business landscape, understanding the nuanced dynamics of self-assurance can be the difference between breakthrough performance and persistent self-doubt. Susana Serrano Davey, a GrowCFO Mentor, emerges as a thought leader challenging conventional wisdom about personal empowerment through her groundbreaking book, "Confidence is Overrated." Her work represents a paradigm shift, moving beyond traditional self-help narratives to offer a more authentic, introspective approach to professional development.At the core of Davey's philosophy is the radical notion that confidence is not a prerequisite for achievement, but rather an organic outcome of genuine self-acceptance and continuous learning. By deconstructing the myth of performative confidence, she introduces innovative frameworks that encourage professionals to embrace vulnerability, take calculated risks, and view personal growth as a non-linear journey. Her methodology, enriched by personal anecdotes and metaphorical insights—ranging from mushroom hunting to unicorn symbolism—provides a refreshing alternative to conventional confidence-building strategies. Through her work, Davey empowers individuals to reframe their understanding of success, emphasizing internal resilience over external validation and demonstrating how true professional transformation emerges from self-compassion and persistent curiosity. Key topics covered: Challenging Traditional Confidence Paradigms Redefines confidence as an internal journey rather than external validation Emphasizes self-acceptance over performative achievement Introduces innovative metaphors like unicorns and mushroom hunting to illustrate personal growth concepts Book Development Insights Leveraged AI tools like ChatGPT for manuscript refinement Incorporated early feedback from zero readers Developed a more mature, professionally structured narrative compared to her first book Personal Growth Strategies Advocates for embracing uncertainty and taking calculated risks Promotes the value of continuous learning and adaptability Shares personal stories demonstrating vulnerability and resilience Technological Integration in Writing Utilized AI as a collaborative writing assistant Maintained human emotional authenticity in storytelling Explored AI's potential and limitations in creative processes https://www.youtube.com/watch?v=S8myIm2OdbA Links Susana Serrano Davey on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:01:14 Initial conversational setup 0:06:36 Book introduction and core concept 0:10:07 Discussion on skill acquisition vs. confidence 0:12:30 Metaphorical exploration of confidence 0:16:13 Personal project discussion (mango farm) 0:20:08 Podcasting journey reflection 0:24:23 Confidence as an end result, not a starting point 0:35:37 Unmasking professional confidence 0:39:07 AI's role in book creation 0:42:33 Closing remarks and future collaboration Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#227 How to Choose the Right Tech Stack Without Wasting Money with Tim Cadbury https://open.spotify.com/episode/4mVO2Gtl2Vx5bQmDNuWfTi In today's rapidly evolving business landscape, selecting the right technology stack is critical for organizational success and financial efficiency. The strategic selection of technological tools can make or break a company's operational effectiveness, directly impacting its growth trajectory and competitive positioning. This podcast episode featuring Tim Cadbury, a fractional CFO at InfiniteCFO, delves deep into the nuanced world of tech stack selection for high-growth businesses. Cadbury brings a wealth of experience from corporate giants like ITV and the dynamic startup ecosystem, offering listeners invaluable insights into navigating the complex terrain of technological infrastructure selection. Key discussion points revolve around the challenges businesses face when choosing technological solutions, the importance of scalability, and the need for adaptable systems that can grow with an organization. Cadbury emphasizes that tech stack selection is not a one-size-fits-all approach but a strategic decision requiring careful consideration of current needs and future growth potential. The conversation provides a comprehensive exploration of how fractional CFOs like Cadbury help businesses make informed technological investments, leveraging their extensive experience and understanding of various industry ecosystems. By sharing practical examples and strategic approaches, the podcast offers a roadmap for businesses seeking to optimize their technological investments without unnecessary expenditure. About Tim Cadbury Tim supports high growth businesses with a CFO-led virtual finance function. In his 3 years at InfiniteCFO, he's helped businesses in B2B SaaS, Cyber, LegalTech, AdTech, InsureTech, and Software. Successful projects include fundraises, M&A and finance transformations. Previously, Tim spent 13 years at ITV plc, including roles in Investor Relations, as Group Head of FP&A and as Finance Director for the £2bn advertising business. He spent 4 years out of finance growing the technology business SDN to >£65m profit, which included negotiating all commercial contracts and running the tech team. He was also a Director of D34, a joint venture with Channel 4 which transmits all the UK's commercial Public Service Broadcasters.  Tim qualified as an ACA with KPMG London. Key topics covered: Fractional CFO approach to supporting high-growth technology businesses Strategic importance of selecting scalable technological infrastructure Leveraging Xero and complementary ecosystem tools for financial management Role of AI and automation in streamlining repetitive financial tasks Importance of understanding business-specific technological requirements Balancing current technological needs with future growth potential Navigating fundraising and due diligence with robust technological systems Developing comprehensive financial strategies through intelligent tech selection Continuous learning and adaptation in technological ecosystem Value of professional networks in making informed technological decisions https://www.youtube.com/watch?v=auEV4K6aMyE&t=2s Links Tim Cadbury  on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:05:59 - Professional background introduction 0:10:38 - Career progression at ITV 0:16:50 - Transition to fractional CFO role 0:22:13 - Tech stack selection strategies 0:28:48 - Scalability of financial systems 0:34:18 - Comprehensive financial operations approach 0:37:03 - Fundraising landscape insights 0:40:22 - Impact of professional development programs 0:45:09 - Future career perspective Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app.

#226 AI, Accounting & The Modern CFO with Francesco Zappala https://open.spotify.com/episode/0tFFZr6v55eoOv3NmRmYYC In the rapidly evolving landscape of corporate finance, artificial intelligence (AI) stands as a transformative force reshaping the role of modern financial leadership. The integration of AI technologies presents unprecedented opportunities for CFOs to revolutionize traditional financial processes, drive strategic decision-making, and unlock new levels of organizational efficiency. As businesses navigate the complex digital transformation, AI emerges as a critical tool that transcends mere technological implementation, representing a fundamental shift in how financial strategies are conceptualized and executed. Francesco Zappala, Chief Financial Officer for South America at Impresa Pizzerotti, provides a nuanced perspective on AI's strategic potential, emphasizing that successful implementation goes far beyond technological adoption. His insights reveal that the true power of AI lies in its ability to augment human expertise, streamline routine tasks, and enable finance professionals to focus on high-value strategic activities. By advocating for a holistic approach that integrates change management, comprehensive training, and robust risk assessment, Zappala challenges executives to view AI not as a replacement for human intelligence, but as a sophisticated collaborative tool that can dramatically enhance organizational performance and competitive advantage. Key topics covered: AI represents a paradigm shift in financial operations, distinguishing between classic and generative AI technologies Strategic implementation requires comprehensive organizational assessment and change management Data management emerges as a critical foundation for successful AI integration CFOs must balance technological innovation with risk mitigation and strategic planning User involvement and training are crucial for successful AI adoption Predictive and narrative AI tools offer significant value-creation potential Organizations must develop a multi-provider approach to manage technological risks AI should be viewed as a supportive tool, not a replacement for human expertise Change management requires a holistic approach involving all organizational levels Continuous learning and adaptability are key to leveraging AI effectively https://www.youtube.com/watch?v=C4JrTWr9H2E Links Francesco Zappala  on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:01:28 - Initial technical audio setup and equipment discussion 0:06:21 - Introduction of AI adoption challenges in corporate environments 0:14:02 - Exploring differences between classic and generative AI 0:29:10 - Discussing potential AI applications in financial forecasting 0:42:28 - Addressing data privacy and security concerns 0:50:52 - Practical implementation strategies for AI in finance 0:56:43 - Training and development considerations for AI integration 1:00:36 - Historical perspective on technological transformation in finance 1:04:27 - Generational perspectives on technological adaptation 1:05:50 - Future outlook and continuous learning approach Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#225 The Future of B2B Payments: AI, Automation & Financial Innovation with Alex Louisy https://open.spotify.com/episode/3qy4Q5X2ZRjyzBfqhOA2Dl The B2B payments ecosystem represents a critical financial infrastructure that fundamentally determines an organization's economic health and operational agility. In an increasingly digital and interconnected global marketplace, businesses are confronting unprecedented challenges in managing complex financial transactions, cash flow dynamics, and technological integration. The traditional paradigms of accounts receivable and payment processing are rapidly evolving, driven by technological innovations that promise to revolutionize how companies approach financial management. Emerging technologies like artificial intelligence, machine learning, and advanced analytics are creating transformative opportunities for businesses to optimize their financial workflows, reduce operational risks, and gain unprecedented insights into their economic performance. In this illuminating podcast episode, Kevin Appleby engages in a comprehensive dialogue with Alex Louisy, the visionary Co-founder and CEO of Upflow, exploring the intricate landscape of business-to-business payment strategies and technological disruption. Louisy brings a unique Franco-American perspective, offering deep insights into the global variations of payment methodologies, technological adoption, and strategic financial management. The discussion transcends traditional financial discourse, delving into critical areas such as AI-driven automation, online payment methodologies, risk mitigation strategies, and the future of financial technology. By examining real-world data, industry trends, and practical implementation strategies, Appleby and Louisy provide business leaders and finance professionals with a sophisticated roadmap for navigating the complex and rapidly evolving world of B2B payments, emphasizing the critical importance of continuous innovation, technological adaptation, and strategic financial thinking. Key topics covered: Upflow's innovative technology helps B2B companies optimize their cash collection processes Detailed insights from the B2B Payments Trends report revealing payment collection challenges Critical analysis of invoice aging and its impact on business financial health Exploration of online payment methods and their transformative potential The emerging role of AI in automating and enhancing financial workflows Strategies for reducing non-payment risks and improving accounts receivable Comparative perspectives on payment practices between US and European markets Impact of technological innovations on financial team efficiency Discussion of payment method diversification and customer payment experience Future outlook on AI's role in financial process automation https://youtu.be/8Ta6pzF1MXc Links Alex Louisy on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:34 Initial introductions and market sentiment discussion 0:02:45 Exploring business expansion strategies 0:04:16 CFO training and AI technology trends 0:06:39 Research on AI's impact in financial sectors 0:11:04 Detailed explanation of Upflow's business model 0:19:44 Analysis of invoice payment risk factors 0:32:28 Online payment method strategies 0:38:26 Customer payment experience considerations 0:43:27 AI's potential in financial process transformation 0:49:25 Reflections on technological evolution in finance Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular net...

#224 The Future of Finance: How Power BI and AI Are Redefining the CFO Role with Rishi Sapra https://open.spotify.com/episode/6sIeKqInI1Ur549AprBRnw Rishi Sapra, a GrowCFO Facilitator and Microsoft Most Valuable Professional (MVP), brings a wealth of experience from top-tier financial institutions to demystify the power of business intelligence technologies. Through his expertise, finance professionals can understand how advanced analytics platforms are not just technological tools, but strategic assets that can drive organizational performance and competitive advantage. The podcast explores the intricate world of Power BI, showcasing how modern finance professionals can leverage data visualization, automation, and AI-driven insights to make more informed decisions. By bridging the gap between complex technical capabilities and practical business applications, Sapra provides a comprehensive overview of how emerging technologies are reshaping the financial analysis landscape. This session offers a deep dive into the transformative potential of Power BI, illustrating how finance leaders can move beyond traditional reporting to create dynamic, interactive, and intelligent financial narratives that drive strategic decision-making. Key topics covered: Power BI's role in creating comprehensive semantic models for financial data The importance of context and storytelling in financial reporting Automation capabilities that streamline financial data processing Integration of AI and copilot technologies in financial analytics Practical approaches to building interactive financial dashboards Bridging the gap between technical complexity and business value The future of data management through unified platforms Strategies for handling diverse skill levels in financial technology training The critical role of education in adopting advanced analytics tools Transforming financial reporting from static to dynamic insights https://www.youtube.com/watch?v=guXnwOwe0_s&t=7s Links Rishi Sapra on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:03:22 Initial introductions and background context 0:06:37 Podcast formal introduction 0:08:37 Discussion of Power BI teaching approach 0:11:30 Motivation for teaching technical subjects 0:13:58 Experiential learning in technical training 0:20:34 Power BI's core functionalities in financial reporting 0:31:14 Course structure and content details 0:38:13 Future trends in Power BI and AI integration 0:41:11 Historical challenges in performance management 0:45:56 Concluding insights on technology and education Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#223 Streamlining Success: The Key to Sustainable Growth with Karina Rasic https://open.spotify.com/episode/7aOwo254gene5On21geffe Karina Rasic, CEO and Business Strategy Consultant at Make Business Flow, shares her insights on the challenges and strategies for helping female-led companies succeed in fundraising. Accessing capital is a critical issue for entrepreneurs, and Karina's experience in working with women-owned businesses provides valuable perspectives on addressing this problem. In this episode of the Grow CFO Show, Karina discusses the cultural and educational differences that impact financial literacy in Latin America, particularly the contrast between Protestant and Catholic views on money and work. She explains how these factors create unique obstacles for women seeking to build and grow their businesses. Karina's approach to supporting her clients involves empowering them to present their ventures in a more confident, "male-like" manner to potential investors.She highlights the importance of financial education, her strategies for helping female founders overcome fundraising challenges, and her own entrepreneurial journey. She also shares details about her two companies - one providing fractional CFO services and the other, a legal services platform. Karina's passion for writing and her plans for the future, including a program to help retirees start new businesses, provide a well-rounded perspective on her multifaceted career. Karina and Kevin Appleby explore the potential for growth in the Latin American market for fractional CFO services, as well as the challenges of finding qualified professionals in the region. Karina's commitment to making a positive impact and her belief in the power of entrepreneurship to drive change are evident in her words and actions.About Karina Rasic: Karina is an accomplished project manager with extensive experience in financial analysis, digital marketing, and business development. Karina specializes in CFO fractional services, financial assessments for startups, and securing funding—particularly for businesses founded and led by women. Currently, she leads initiatives at Make Businesses Flow, focusing on streamlining operations and enhancing business performance. With a strong ability to manage cross-functional teams and implement data-driven strategies, Karina is dedicated to driving organizational success and sustainable growth. Key topics covered: Karina's background as an Argentinian with a mix of Spanish and American accents The cultural and religious differences that impact financial literacy in Latin America Karina's work in helping women-led companies with fundraising and presenting their businesses Her two companies: a fractional CFO service and a legal services platform Karina's passion for writing and her plans for the future, including a program to help retirees start new businesses The potential for growth in the Latin American market for fractional CFO services and the challenges of finding qualified professionals https://www.youtube.com/watch?v=AGURhtRgtDs Links Karina Rasic on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:06:07 Karina's background and accent 0:07:21 Karina's two companies 0:10:26 Cultural differences in finance education 0:12:38 Karina's focus on working with women 0:15:04 Common problems Karina helps clients with 0:18:54 Fundraising challenges for female-led companies 0:24:51 Karina's role as a personal mentor to founders 0:30:02 Karina's legal services platform 0:35:05 Karina's definition of success 0:37:37 Karina's plans for the future Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way,

#222 Master the Art of Financial Product Design with Siqi Chen https://open.spotify.com/episode/019MLgaVF4N7jNvm2Ek910 Mastering the art of financial product design is a crucial skill for finance professionals in today's rapidly evolving business landscape. In this insightful podcast episode, Kevin sits down with Siqi Chen, the Founder and CFO of Runway, to explore the challenges and opportunities in creating innovative finance software. The discussion delves into the limitations of traditional finance tools, the importance of user-centric design, and the transformative potential of emerging technologies like artificial intelligence. Siqi Chen shares his diverse background, from his studies in mathematics to her experience working at NASA's Jet Propulsion Laboratory. Siqi recounts his journey as a serial entrepreneur, highlighting the challenges she faced in understanding finance and the inspiration behind founding Runway, a finance software company aimed at revolutionizing the way businesses approach financial management. They delve into the unique features and design principles that set Runway apart from traditional finance tools. Siqi explains how Runway's focus on collaboration, data visualization, and seamless integration with other business systems addresses the pain points experienced by finance teams. The discussion also explores the role of ambient intelligence and artificial intelligence in enhancing the user experience and providing proactive insights. Kevin and Siqi also discuss the potential for collaboration between their respective organizations, exploring opportunities for joint webinars, summits, and other initiatives. The shared enthusiasm for innovation in the finance space sets the stage for a continued dialogue and the exploration of new ways to empower finance professionals in their quest to drive business success. Key topics covered: Siqi Chen's diverse background and his journey as a serial entrepreneur The limitations of traditional finance tools and the inspiration behind founding Runway Runway's focus on collaboration, data visualization, and seamless integration The role of ambient intelligence and artificial intelligence in enhancing the user experience Potential for collaboration between Grow CFO and Runway, including joint webinars and summits Runway's pricing and target market for mid-market companies Siqi Chen's emphasis on the importance of user-centric design in finance software Runway's unique features, such as fine-grained permission controls and the ability to encrypt sensitive data The potential of finance software to revolutionize the way businesses approach financial management The shared enthusiasm for innovation and the exploration of new opportunities in the finance space https://youtu.be/79XXRP-gKCk Links Siqi Chen on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:03:14 - Initial greetings and discussion of partnership opportunities 0:05:09 - Siqi Chen's background and the founding of Runway 0:08:53 - Challenges in finance and the need for better tools 0:13:04 - Runway's unique approach and features 0:16:52 - Runway's focus on collaboration and data visualization 0:20:59 - The role of ambient intelligence and artificial intelligence in Runway 0:26:55 - Runway's integration with other business systems and workflows 0:32:28 - Runway's pricing and target market 0:35:20 - Siqi Chen's emphasis on user-centric design 0:47:18 - Potential for collaboration between Grow CFO and Runway Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network.

#221 The Ultimate Guide to Cost-Smart Property Management with Scot Ginsburg Property management is a critical aspect of business operations, with real estate often representing one of the largest fixed costs for organizations. In this podcast episode, Scot Ginsburg, Executive Managing Director at Hughes Marino, shares his expertise on navigating the complexities of commercial real estate and optimizing property-related expenses.The discussion covers a range of topics, highlighting the importance of strategic planning, lease negotiations, and the evolving landscape of office and retail spaces. Ginsburg emphasizes the need for finance leaders, particularly Chief Financial Officers (CFOs), to take an active role in managing their organization's real estate portfolio, as it can have a significant impact on the bottom line. Key topics covered: The importance of aligning real estate strategy with overall business objectives Common pitfalls in lease negotiations and how to avoid them The impact of remote work and changing office space utilization Strategies for managing a portfolio of commercial properties The role of CFOs in overseeing real estate decisions The financial implications of rising interest rates on commercial real estate The evolution of retail and office spaces in the digital age The need for flexibility and adaptability in real estate planning The value of proactive real estate management in driving business success Effective marketing and audience engagement strategies for thought leadership content https://youtu.be/q2aJobfj6Mo Links Scot Ginsburg on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:00 - Introduction to the guest and the topic 0:05:00 - Aligning real estate strategy with business objectives 0:10:30 - Avoiding common mistakes in lease negotiations 0:15:45 - Adapting to the impact of remote work on office space 0:20:00 - Strategies for managing a diverse real estate portfolio 0:25:15 - The role of CFOs in overseeing real estate decisions 0:30:00 - The financial implications of rising interest rates 0:35:20 - The evolution of retail and office spaces 0:40:00 - The need for flexibility in real estate planning 0:45:00 - Effective marketing and audience engagement strategies Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

# 220 Financial Modelling Done Right: Expert Tips with Danielle Stein Fairhurst https://open.spotify.com/episode/6sSbm92dhd0BaEzD91LJPp Financial modelling is a critical skill for finance professionals, enabling them to analyze data, forecast scenarios, and make informed business decisions. In this podcast episode, Danielle Stein Fairhurst, a renowned financial modelling expert and GrowCFO Mentor, shares her insights and best practices on mastering the art of financial modelling. Danielle's extensive experience in the field, including her work as a Microsoft MVP and the author of several books on financial modelling, makes her a valuable resource for finance professionals looking to enhance their skills. Throughout the conversation, she delves into the importance of financial modelling, the evolution of Excel as a tool, and the key techniques and strategies that can help professionals create robust and efficient models.The podcast covers a wide range of topics related to financial modelling, providing listeners with a comprehensive understanding of the subject matter. Danielle's expertise and passion for the topic are evident as she discusses the various aspects of financial modelling, from best practices to the latest industry trends and developments.Key topics covered: Danielle's background and journey into financial modelling The importance of best practices in financial modelling, such as consistent formula usage and leveraging new Excel features The Excel World Cup and the financial modelling world championship, where Danielle serves as a commentator The GrowCFO financial modelling course and its structure, covering topics like financial statement linking and scenario analysis https://www.youtube.com/watch?v=Z-8uJgv4w_I Links Danielle Stein Fairhurst on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:15:21 Danielle's journey into financial modelling 0:19:38 Discussing common bad habits in financial modelling and how the GrowCFO course addresses them 0:28:59 The upcoming Excel and financial modelling world championships and the debates surrounding modelling best practices 0:35:00 The structure and delivery of the GrowCFO financial modelling course 0:41:45 The excitement and passion surrounding the world of financial modelling 0:42:35 Danielle's upcoming participation in the global Excel summit 0:43:42 Danielle's recognition as a master financial modeller with the Financial Modelling Institute 0:44:10 Discussing affiliate opportunities and discount codes for the GrowCFO financial modelling course 0:46:39 Strategies for promoting the GrowCFO course and engaging with past attendees 0:48:14 The challenge of getting people to recognize the value of free training offerings Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

# 219 Celebrating 5 Years of Driving Change for Finance Leaders with Dan Wells https://open.spotify.com/episode/1mgQkjEkaaBVBghRye7nhD Celebrating its 5th anniversary, the GrowCFO podcast takes a deep dive into the remarkable journey of the finance community platform. Led by founder and CEO Dan Wells, this special episode reflects on the evolution of the business, the key milestones, and the vision for the future. As a purpose-driven startup that has transformed into a leading resource for finance professionals worldwide, GrowCFO's story offers valuable insights for aspiring entrepreneurs and established businesses alike. Throughout the conversation, Dan and Kevin explore the challenges and triumphs that have shaped the GrowCFO narrative over the past five years. From the initial community-focused vision to the pivotal shift towards virtual and global expansion, the podcast delves into the strategic decisions, innovative programs, and the power of a dedicated team and supportive community. Key topics covered: The evolution of GrowCFO's business model, from community-based to virtual and global The launch and success of flagship programs like the Future CFO and CFO programs The transition to experiential learning and the impact of the XLF (Experiential Learning for Finance) initiative The importance of mentoring, partnerships, and the diverse team of experts that have contributed to GrowCFO's growth The key learnings and challenges faced by the startup, including the willingness to pivot and the power of purpose-driven leadership The future vision for GrowCFO, focusing on strategic finance, technology integration, and empowering finance teams https://www.youtube.com/watch?v=prCNHnQyBDI&t=55s Links Dan Wells on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:22 - Introduction and discussion of the 5-year anniversary 0:00:44 - Reflecting on the early days and the launch of the business 0:04:29 - Discussing the initial community-focused vision and the impact of the COVID-19 pandemic 0:08:05 - Exploring the evolution of the business model and the importance of mentoring 0:12:24 - Introducing the CFO program and the role of mentors 0:17:23 - Transitioning to experiential learning and the success of the XLF program 0:23:35 - Discussing the key learnings and challenges faced over the past 5 years 0:29:37 - Partnerships with tech companies and the transformation of the finance function 0:35:28 - Future vision and objectives for the next 5 years 0:39:30 - Closing remarks and a special offer for the community Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#218 Soft Skills Every Financial Leader Needs with Melanie Coeshott https://open.spotify.com/episode/65A52E2nhXg7T5L4SPV1Q1 As the business landscape becomes increasingly complex, the ability to effectively communicate, manage people, and navigate interpersonal dynamics has become just as essential as technical financial expertise. Melanie Coeshott, a GrowCFO mentor, shares her insights and experiences in coaching and facilitating courses that help finance professionals develop these crucial soft skills. Melanie and Kevin Appleby explore the importance of experiential learning, where participants actively engage in role-playing, group discussions, and feedback sessions to hone their skills. They discuss the various courses Melanie facilitates, including emotional skills, interpersonal skills, people management, and delegation. Melanie emphasizes the need for finance professionals to continuously develop their soft skills, regardless of their career stage, as these capabilities can significantly impact their effectiveness as leaders and their ability to navigate the evolving business environment. The key highlights of this session include Melanie's personal journey from an accountant in the financial services industry to a career coach and facilitator, her insights on the role of mindset and limited beliefs in career development, and the practical strategies she employs to help her clients and workshop participants unlock their full potential. The discussion also delves into the nuances of active listening, the importance of empowering others through effective delegation, and the value of creating a safe and inclusive environment for learning and growth. Key topics covered: Melanie's background as an accountant and her transition to a career coach and facilitator The importance of soft skills for finance professionals, including emotional skills, interpersonal skills, people management, and delegation The experiential learning approach used in Melanie's courses, emphasizing active engagement and feedback Melanie's insights on addressing mindset and limited beliefs in career coaching The role of motivational maps in understanding individual drivers and satisfaction levels The overlap between one-on-one coaching and group workshops in developing soft skills The relevance of soft skills courses for finance professionals at different career stages https://www.youtube.com/watch?v=QkPl3enoqso Links Melanie Coeshott on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:34 - Introduction and initial greetings 0:01:48 - Melanie's background and facilitation work with GrowCFO 0:05:27 - Discussion of the various courses Melanie facilitates 0:12:38 - The importance of soft skills for aspiring CFOs 0:16:13 - Melanie's approach to the delegation and empowerment course 0:25:17 - Melanie's use of motivational maps in career coaching 0:37:44 - Explanation of the motivational maps tool 0:47:03 - Discussion of networking for future CFOs Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#217 The Blueprint for a High-Performing Finance Team with Damian Smith https://open.spotify.com/episode/4bLrSTnZuprXVZcK4eSF4s Damian Smith, a GrowCFO Mentor, joins the Grow CFO Show to discuss the blueprint for building a high-performing finance team. In today's dynamic business landscape, the need for finance teams to operate at peak efficiency has never been more crucial. Effective finance teams not only drive financial success but also play a pivotal role in shaping the overall success of an organization.Damian, a seasoned finance professional turned leadership coach, shares his unique perspective on transforming dysfunctional finance teams into thriving, purpose-driven units. Drawing from his own experiences as a "recovering toxic CFO," Damian delves into the core principles of the Thrive methodology, a comprehensive approach to cultivating high-performing teams. He emphasizes the importance of trust as the foundation for building a cohesive and collaborative team, as well as the need to align team purpose, values, and goals to drive commitment and accountability.Throughout the discussion, Damian shares practical strategies for finance leaders to address the challenges of dysfunctional teams. He highlights the significance of fostering a culture of healthy conflict and open communication, where team members feel empowered to voice their perspectives and work towards the best possible outcomes. Additionally, Damian underscores the importance of embedding values and accountability into the recruitment and onboarding process to ensure a strong cultural fit and a shared commitment to the team's objectives. Key topics covered: Damian's journey from a toxic CFO to a leadership coach and the lessons he learned along the way The importance of trust as the foundation for building a high-performing team Aligning team purpose, values, and goals to drive commitment and accountability Fostering a culture of healthy conflict and open communication Embedding values and accountability into the recruitment and onboarding process Practical strategies for finance leaders to transform dysfunctional teams https://youtu.be/fmC7hZbVhhs Links Damian Smith on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:50 - Introductions and initial chit-chat 0:09:03 - Damian's background and journey from toxic CFO to leadership coach 0:20:54 - The importance of trust in building high-performing teams 0:27:08 - Aligning team purpose, values, and goals 0:38:39 - The Thrive methodology and its key components 0:48:31 - Advice for finance leaders with dysfunctional teams Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#216 Navigating People and HR Challenges as a CFO with Gwenevere Crary https://open.spotify.com/episode/31IPiTQcj3yVhQ2IvJnXVX As businesses grow, the people and HR challenges they face become increasingly complex. Founders and finance leaders often find themselves responsible for managing HR-related tasks, even without formal training or expertise in this area. In this episode, Gwenevere Crary, Founder and CEO of Guide to HR, shares her insights on how finance leaders can effectively navigate these challenges and build a strong HR foundation for their organizations. Crary emphasizes the importance of establishing robust onboarding processes to retain new hires and ensure a smooth ramp-up. She also discusses strategies for creating a learning and development culture, including providing a variety of training options and aligning with employee career goals. These proactive measures can help finance leaders support their teams and foster a positive work environment.Furthermore, Crary highlights the significance of recruiting with a focus on culture fit and values, especially in startup environments. She also addresses the challenges of transitioning from a founder-led to a professional leadership team and maintaining a strong company culture. By prioritizing these aspects, finance leaders can contribute to the overall success and sustainability of their organizations. Lastly, the discussion underscores the need for finance leaders to develop strategic thinking and planning skills to succeed in C-level roles. As they navigate the evolving landscape of their businesses, the ability to make informed decisions and align HR practices with the company's goals becomes increasingly crucial. By leveraging Crary's insights, finance leaders can enhance their capabilities and effectively manage the people-related aspects of their organizations. Key topics covered: Importance of establishing robust onboarding processes to retain new hires and ensure a smooth ramp-up Strategies for creating a learning and development culture, including providing a variety of training options and aligning with employee career goals Significance of recruiting with a focus on culture fit and values, especially in startup environments Challenges of transitioning from a founder-led to a professional leadership team and maintaining a strong company culture Need for finance leaders to develop strategic thinking and planning skills to succeed in C-level roles https://youtu.be/lwnsjDNSi50 Links Gwenevere Crary on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps [0:06] - Introductions and setting the agenda [0:24] - Discussion on Grow CFO's product launch and experiential learning [3:41] - Exploring partnership opportunities and fractional communities [6:22] - Addressing HR challenges and solutions for startups [11:54] - Importance of onboarding and performance management [15:22] - Creating a learning and development culture [20:12] - Recruiting and culture fit considerations Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#215 Your Guide to Adopting US GAAP Standards with Katrina Nacci https://open.spotify.com/episode/2QAyBEewKZYCwqzkK2mKC2 As global markets become increasingly interconnected, the need for European companies to align their accounting practices with US GAAP standards has become paramount. Navigating the complexities of cross-border accounting can be a daunting task, but with the right guidance, businesses can seamlessly transition and unlock the benefits of US GAAP compliance. In this insightful podcast episode, Katrina Nacci, a seasoned cross-border accounting advisor with KN CPA, shares her expertise and insights on the challenges and opportunities that arise when European companies embrace US GAAP standards. The adoption of US GAAP standards is a critical step for European businesses seeking to expand their reach and access the lucrative US market. By aligning their financial reporting with the widely recognized US accounting framework, these companies can enhance transparency, improve investor confidence, and streamline cross-border transactions. However, the process of converting from European accounting standards, such as IFRS or local GAAP, to US GAAP can be complex and fraught with potential pitfalls. Katrina Nacci's wealth of experience in this niche field provides invaluable guidance to European businesses navigating this transition. Throughout the podcast, Katrina delves into the nuances of the conversion process, highlighting the importance of understanding the specific needs and nuances of each client's accounting practices. She emphasizes the need for a tailored approach that goes beyond simply applying a one-size-fits-all solution, ensuring that the final US GAAP-compliant financial statements accurately reflect the company's unique circumstances. By involving clients in the conversion process and fostering knowledge transfer, Katrina's approach aims to empower businesses to maintain their US GAAP compliance long-term, rather than relying on a temporary fix. Key topics covered:  Katrina's career journey from PwC in Boston to becoming a cross-border accounting specialist in Frankfurt The nuances of converting from European accounting standards (IFRS, local GAAP) to US GAAP, and the importance of understanding the specific needs of each client The drivers behind US investors' requirements for US GAAP-compliant financial statements, including consolidation and audit requirements Katrina's approach to educating clients and involving them in the conversion process to ensure long-term sustainability The competitive landscape and Katrina's strategies for building a steady client pipeline, including networking, marketing, and exploring fractional roles Katrina's vision for the future, including potential expansion and the development of passive income streams https://youtu.be/lXJYTzk3a9Y Links Katrina Nacci on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:01:44 - Introductions and catch-up 0:03:32 - Katrina's career journey and expertise in cross-border accounting 0:09:05 - Navigating the challenges of moving to Germany without knowing the language 0:15:25 - Differences between IFRS and US GAAP and the importance of understanding client-specific needs 0:24:51 - The necessity of US GAAP compliance for companies seeking US IPOs 0:33:16 - Katrina's approach to knowledge transfer and client involvement in the conversion process 0:41:33 - Katrina's advice to her past self and the challenges of running a solo advisory business Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network.

#214 How to Launch a Successful Fractional CFO Practice with Kat Wellum-Kent https://open.spotify.com/show/7yTcgGvYdcXPxz2HbvgB2H Fractional CFO services are becoming increasingly valuable as businesses seek strategic financial guidance to support their growth. In this episode of the Grow CFO Show, host Kevin Appleby sits down with Kat Wellum-Kent, the founder and CEO of Fractional Finance, to discuss her journey in establishing a successful fractional CFO practice. Kat Wellum-Kent shares her background as an accountant, her transition from a larger firm to a smaller practice, and her realization of the gap in the market for strategic financial advice. She describes her decision to start Fractional Finance, the challenges she faced in securing her first clients, and the rapid growth of her business over the past two years. Kat's story provides valuable insights for finance professionals considering the transition to a fractional CFO role. Key topics covered: Kat's background in accounting, including her time at Deloitte and her move to a smaller practice Her discovery of the fractional CFO concept and the decision to start her own business The importance of using the CFO competency framework to assess her skills and identify areas for improvement The process of securing her first clients, including the power of LinkedIn for lead generation The growth of Fractional Finance, from two clients in January 2023 to 17 clients by October 2024 The value of Kat's corporate finance experience and how it benefits her clients The role of a mentor in guiding Kat through the challenges of entrepreneurship Advice for aspiring fractional CFOs, including the importance of protecting time and backing oneself https://www.youtube.com/watch?v=7f9qbchI9l4 Links Kat Wellum-Kent on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:04:15 Kat's background and transition to a smaller accounting practice 0:09:28 Kat's decision to start Fractional Finance and the business planning process 0:13:00 Securing the first clients and the power of LinkedIn 0:15:28 The growth of Fractional Finance and the team expansion 0:19:46 Kat's ambition for the business and the market potential 0:22:11 The relevance of Kat's corporate finance experience 0:25:40 The value of having a mentor for guidance and support 0:27:20 Kat's advice for aspiring entrepreneurs and dealing with imposter syndrome Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#213 C-Suite as a Service: Redefining Leadership in the Digital Age with Sara Daw https://open.spotify.com/episode/30bHNDcIm7hfbOG1PFJr8m The fractional C-suite model is transforming the way organizations access and leverage top-level talent. As businesses navigate the complexities of the digital landscape, the need for agile, specialized leadership has become increasingly crucial. Sarah Daw, the CEO of The CFO Centre Group, shares her insights on this innovative approach to C-suite talent management. In this insightful discussion, Sarah Daw delves into her own journey, from a chartered accountant to the leader of an international organization that provides fractional CFO services. She explores the growing demand for flexible, on-demand access to C-suite expertise and the benefits it offers to both businesses and professionals. The conversation covers a range of topics, including the evolution of the gig economy, the importance of psychological ownership in the access economy, and the challenges of building a cohesive culture in a fractional workforce. Key topics covered: The importance of mentoring and skill development for professionals in the fractional model Sarah's background and transition from corporate finance to the fractional CFO model The growth and expansion of The CFO Centre Group, from a local to an international business The advantages of the fractional CFO model, including flexibility, specialization, and cost-effectiveness Expanding the fractional model beyond the CFO role to other C-suite functions The role of fractional CFOs in supporting group-level finance leaders The future of work and the shift towards a more agile, portfolio-based workforce Strategies for building a strong organizational culture in a fractional work environment https://www.youtube.com/watch?v=-dfjG5M3XUU Links Sara Daw on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 - Introduction to the Grow CFO Show and Sarah Daw 0:00:36 - Sarah Daw's background and journey to the CFO Centre 0:03:18 - The growth and expansion of the FD Centre/CFO Centre 0:07:11 - The role of fractional CFOs in supporting group-level finance leaders 0:11:53 - Sarah Daw's book, "Strategy and Leadership as a Service" 0:19:57 - Building culture in a fractional workforce 0:25:59 - Mentoring and skill development in the fractional model 0:31:07 - The future of work and generational shifts in the fractional model Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#212 Proactive Planning for CFOs: The CFO's Role in Disaster Recovery with Wade Miller https://open.spotify.com/episode/1ZB7kSmsx3bxgecNwlea03 The CFO's role in Disaster Recovery is a critical aspect of risk management for organizations of all sizes. As the financial steward of the company, the CFO is responsible for ensuring the organization's financial resilience in the face of unexpected events that can disrupt operations and threaten the bottom line. This podcast episode explores the complexities of disaster recovery and the strategies CFOs can employ to mitigate the impact of such events. Wade Miller, the Founder of OneRallyPoint, shares his extensive experience in the disaster recovery industry, providing valuable insights and practical advice for CFOs.Wade started OneRallyPoint to bring more efficiency to the overall disaster recovery process and improve the time, money and effort needed by all parties. Wade has over 30 years of experience and demonstrated success working with large companies nationally and internationally. He utilized his background in the insurance, financial services and institutional banking industries to form a disaster recovery company in 2002. Spotting a critical need in the industry, Wade transitioned the firm from a disaster recovery contractor to what OneRallyPoint is today — an owner's representative firm providing Recovery Oversight & Management with a national scale and international reach. Wade is an effective collaborator and communicator who brings solutions to complex issues in otherwise stressful circumstances. He has the keen ability to identify the causes of persistent issues — and then design, strategize and create tactical plans to solve them. Wade's vision, broad background and high-level understanding of how clients need to run their businesses in disaster situations enable him to break down high-stress problems into manageable pieces through the comprehensive services of OneRallyPoint.  Throughout the discussion, Wade emphasizes the importance of proactive planning, effective communication, and a holistic approach to managing the recovery process. Key topics covered: The diverse types of disasters that organizations may face, ranging from natural disasters to localized incidents like sprinkler floods and sewer backups The need to tailor disaster recovery plans to the specific needs and risks of different industries, considering factors such as physical assets, IT infrastructure, and workforce displacement The importance of aligning the recovery efforts with the organization's objectives, ensuring that all stakeholders, including contractors, adjusters, and the client, are on the same page The role of expert input, such as industrial hygienists and engineers, in addressing complex issues like contamination and health effects The potential conflicts between insurance recovery and the need to restore business operations quickly, and strategies to balance these competing priorities The significance of pre-disaster preparation, including the selection of suitable contractors, the establishment of communication protocols, and the engagement of dedicated insurance adjusters The value of post-incident reviews and continuous learning to improve the organization's disaster resilience https://youtu.be/1COkQguby9A Links Wade Miller on LinkedIn  Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:10 - Introduction to the topic and guest, Wade Miller 0:00:52 - Wade Miller's background and experience in the disaster recovery industry 0:02:15 - Types of disasters and common issues faced by organizations 0:03:46 - Consideration of IT assets in disaster recovery 0:04:13 - Understanding and assessing the organization's risk exposure 0:06:27 - Balancing insurance recovery and business restoration 0:08:58 - Practical steps for CFOs to prepare for and mitigate disaster risks

#211 Power Moves: CFO Strategies for the Modern World with Justin Smith https://open.spotify.com/episode/1pWwzUs6hkgmIypL7iATHQ The role of the Chief Financial Officer (CFO) has evolved significantly in recent years, moving beyond the traditional focus on balance sheets and financial reporting. In this podcast episode, Justin Smith, the CFO of FinQuery, shares his insights on the evolving responsibilities and skills required for modern CFOs to drive strategic and operational value within their organizations. Justin spent almost a decade working at Goldman Sachs in the investment banking division where he focused primarily on strategic finance, giving him the ability to approach every decision as a CFO with a unique perspective.  Justin is passionate about promoting cross-functional efficiency as he's spent a lot of time working across departments because his job is to manage all financial resources for the firm, which touches just about every corner of the company. In his POV, finance should be like Switzerland. They are neutral but need to manage efficiency and resources across the whole organization. They also need to take into account proper cost cutting while simultaneously allocating towards growth, which not every CFO is able to accomplish. Justin's career journey from an investment banking background to the CFO seat at FinQuery provides a unique perspective on the changing landscape of the finance function. He discusses the challenges of transitioning into the CFO role, the importance of communication and data-driven decision-making, and the strategies employed by FinQuery to navigate the uncertain economic environment. Key topics covered:  Justin's career path from investment banking to CFO at FinQuery The evolving role of the CFO, moving beyond traditional accounting and finance The importance of communication, analytical skills, and strategic thinking for modern CFOs FinQuery's approach to balancing growth and profitability in uncertain times The role of data analytics and AI in finance and operations Strategies for effective communication and integration in a remote work environment Advice for finance leaders navigating transformation and change https://www.youtube.com/watch?v=cc2Zk4YdFxo Links Justin Smith on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:04:32 Challenges faced by Justin in transitioning to the CFO role 0:06:25 Key skills required for a modern CFO 0:14:38 Top challenges faced by FinQuery in the current economic environment 0:20:06 FinQuery's approach to data analytics and AI 0:28:35 Challenges of communication and integration in a remote work model 0:31:38 Advice for finance leaders navigating transformation Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#210 Gen Z in Finance: Why Onboarding and Development Programs Must Evolve to Retain Top Talent with Marlo Lyons https://open.spotify.com/episode/55t2MygtVV9SBM2StJ2bTe As the workforce continues to evolve, the emergence of Generation Z (Gen Z) has brought about a significant shift in the expectations and priorities of young professionals. In the finance industry, where the need for skilled and engaged talent is paramount, understanding and adapting to the unique characteristics of Gen Z has become a critical imperative for organizations. This podcast episode with Marlo Lyons, a C-Suite Coach and HR Business Partner, delves into the nuances of managing and retaining Gen Z employees, highlighting the importance of revamping onboarding and development programs to meet their evolving needs.The discussion underscores the importance of recognizing the distinct values and preferences of Gen Z, who place a strong emphasis on work-life balance, corporate social responsibility, and continuous learning and growth. As finance leaders grapple with the challenge of attracting and retaining top talent, this episode provides valuable insights into the strategies and approaches that can help organizations stay ahead of the curve and foster a thriving, engaged workforce. Key topics covered:  Understanding the characteristics of Gen Z and their focus on work-life balance, corporate responsibility, and continuous learning Challenges faced by older generations in managing and communicating effectively with Gen Z employees The need to shift the interview process from competency-based to needs-based to better understand and accommodate Gen Z's aspirations The role of technology and Gen Z's tech-savvy nature in driving innovation and transformation within finance organizations The importance of aligning corporate mission, values, and sustainability efforts with the expectations of Gen Z The significance of transparent communication, even when discussing confidential information, to build trust and engagement The impact of remote work and flexible arrangements on fostering creativity and work-life balance for Gen Z https://www.youtube.com/watch?v=2eWNzZ0B8TU Links Marlo Lyons on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:01:04 - Marlo Lyons discusses the characteristics of Gen Z and their focus on work-life balance 0:02:49 - Challenges faced by older generations in managing and communicating with Gen Z employees 0:06:21 - The need to shift the interview process to better understand and accommodate Gen Z's aspirations 0:07:10 - The role of technology and Gen Z's tech-savvy nature in driving innovation and transformation 0:11:44 - The importance of aligning corporate mission, values, and sustainability efforts with Gen Z's expectations 0:16:09 - The significance of transparent communication, even when discussing confidential information 0:22:23 - The impact of remote work and flexible arrangements on fostering creativity and work-life balance for Gen Z Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#209 Upskilling for Tomorrow: The Advisory-Driven Evolution of Accounting with Roger Knecht https://open.spotify.com/episode/2k4TLteEXRIcFInGhqfaJX As the accounting profession navigates the shifting landscape of compliance-driven services and the growing demand for strategic advisory, the need for upskilling has become paramount. Roger Knecht, the President of Universal Accounting and host of the "Building the Premier Accounting Firm" podcast, shares his insights on this critical transformation. In this insightful discussion, Roger and Kevin, explore the evolving role of the modern accounting professional. They delve into the commoditization of traditional services, the rise of CFO and advisory offerings, and the essential skills required to thrive in this new era. Knecht, a seasoned industry veteran with over 25 years of experience, provides a unique perspective on the changing dynamics within the accounting profession. The conversation highlights the importance of formalizing and pricing advisory services effectively, as opposed to offering them as an add-on to compliance-focused work. This shift in mindset and service delivery is crucial in ensuring that accounting professionals can meet the growing demands of their clients and remain competitive in the market. Knecht also emphasizes the need for accounting professionals to develop strong interpersonal skills, a non-judgmental approach, and the ability to ask the right questions to guide clients towards their own solutions, fostering trust and delivering meaningful value. Key topics covered:  Roger Knecht's background as a podcaster and his journey at Universal Accounting The distinction between compliance-focused services and the value-added advisory role The importance of formalizing and pricing advisory services effectively The client's perspective and the benefits of a one-stop shop for accounting services The interpersonal skills and mindset shift required for successful advisory engagements The impact of AI on the accounting profession and the need for accountants to become "prompters" The future outlook for the accounting industry and the role of human advisors in an AI-driven landscape https://www.youtube.com/watch?v=kjh74LPhX0w&t=393s Links Roger Knecht on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 00:00:11 - Introduction of Roger Knecht and the Grow CFO Show 00:00:44 - Roger Knecht's background and interests 00:01:33 - Roger's journey into podcasting 00:03:59 - Roger's 25-year tenure at Universal Accounting 00:04:52 - Roger's non-accounting background 00:05:57 - The evolution of accounting services and the rise of advisory 00:10:11 - The distinction between tax preparation and tax planning 00:13:13 - The ideal client size for CFO and advisory services 00:14:45 - The need for upskilling in the accounting profession 00:19:46 - The importance of asking the right questions as an advisor 00:24:24 - The impact of AI on the accounting profession 00:34:15 - The unique value of human advisors in an AI-driven landscape 00:37:10 - The future outlook for the accounting profession Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#208 Preventing ERP Project Failures: The Critical Role of Digital Adoption Platforms with Krishna Dunthoori https://open.spotify.com/episode/24N3pSvN3DJjXBCCQ3r4aO Enterprise Resource Planning (ERP) systems are mission-critical investments for large organizations, yet studies show that over 50% of ERP implementations fail to deliver the expected benefits. This staggering failure rate represents a significant waste of resources and a missed opportunity for companies to streamline operations and gain a competitive edge. In this episode of the Grow CFO Show, Krishna Dunthoori discusses the key factors behind ERP implementation challenges and how digital adoption platforms can be the solution. Krishna Dunthoori is Founder and CEO of Apty. After growing up in India, Krishna completed his undergraduate in computer applications, and finished his master's in computer science in Germany. He then traveled to New York, Silicon Valley, and eventually Dallas, where he finally decided to build roots. Prior to founding Apty, Krishna worked as a principal architect and consulted for Fortune 500 companies implementing software tech stacks. Apty is a software value realization platform (also often referred to as a digital adoption platform, or DAP) that companies purchase along with major enterprise software packages to ensure better user adoption and ROI from their investments. Most digital transformations fail. As a global entrepreneur and former software implementation consultant for Fortune 500 companies, Krishna knows that a digital initiative doesn't end after a platform goes live, and there are a lot of pitfalls on the way to rapid and successful adoption, which he discussed in his article titled: “Securing the ROI Horizon - How DAPs Translate ERP Investments Into Gains.” Krishna explains that the primary reasons for ERP failures often stem from human psychology and resistance to change. Employees accustomed to familiar processes can be reluctant to adapt to the complexity of new systems, leading to low user adoption and engagement. Traditional training methods, while well-intentioned, are typically one-time events that fail to provide the ongoing support and personalized guidance users require to effectively leverage the ERP's capabilities. Key topics covered:  The high failure rate of ERP implementations and the associated costs The role of human psychology and resistance to change in ERP adoption challenges Limitations of traditional training methods in driving sustained user engagement How digital adoption platforms like Apty can provide personalized, in-app guidance and support The importance of measuring and improving business outcomes, not just implementing technology Apty's ideal customer profile: large enterprises with over 1,000 employees using complex software https://www.youtube.com/watch?v=pIkdirtE9Pc Links Krishna Dunthoori on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:00 - Introduction to the topic and guests 0:01:41 - Reasons for ERP implementation failures 0:06:56 - Limitations of traditional training methods 0:11:45 - The benefits of personalized learning and user engagement 0:19:20 - How Apty's digital adoption platform works 0:27:56 - Measuring and improving business outcomes, not just technology 0:39:09 - Apty's ideal customer profile Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit.

#207 Authentic Personal Branding: Empowering Finance Professionals to Lead with Confidence with Susana Serrano-Davey https://open.spotify.com/episode/3INMaL2iT2ikuMnrnGMXbY Cultivating a strong personal brand is essential for finance leaders seeking to maximize their impact and fulfilment in the workplace. In this insightful discussion, GrowCFO Mentor Susana Serrano-Davey shares her expertise on how finance professionals can unlock greater confidence and career satisfaction by embracing their authentic selves. Susana emphasizes that personal branding is not about creating a facade, but rather about uncovering and communicating one's unique strengths, motivations, and qualities. The key highlights of this session include strategies for self-discovery, effective personal brand communication, and aligning professional choices with one's true passions and superpowers. Key topics covered:  The importance of self-reflection to understand your superpowers and what truly inspires you, rather than just chasing prestigious job titles. Strategies for effectively communicating your personal brand, such as providing specific, substance-backed examples rather than broad statements. The role of appropriate attire in enhancing your confidence and professional presence. Balancing your strengths and weaknesses, and acknowledging both to build trust and credibility. The value of preparation and authenticity when presenting yourself, whether in interviews or other professional settings. https://www.youtube.com/watch?v=ntKdF6OrDtU Links Susana Serrano-Davey on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:02:37 - Susana explains the importance of discovering your authentic self and aligning your personal brand with your true motivations and strengths. 0:07:04 - Discussion on the value of understanding and leveraging your unique strengths and superpowers. 0:12:55 - Susana shares her personal experience of feeling trapped in a role that didn't align with her free-spirited nature. 0:19:07 - Emphasis on effectively communicating your personal brand through specific, evidence-backed examples. 0:26:49 - The role of appropriate attire in enhancing confidence and professional presence. Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#206 Designing a Happier Career in Finance: Unlocking Your Superpowers with Lucia Knight https://open.spotify.com/episode/5tlIj233qNruLyGk2rUbZA Designing a happier, more fulfilling career is a critical concern for finance professionals navigating the challenges of linear career paths and feeling stuck in mid-level roles. In this episode, Lucia Knight, a Midlife Career Design Consultant and Co-Creator of The Fierce Emporium, shares her expertise on how finance leaders can intentionally craft careers that align with their unique strengths and interests, leading to greater job satisfaction and long-term career success. Many finance professionals, despite their impressive qualifications and experience, find themselves dissatisfied with their work, with studies showing that less than 50% of their time is spent on tasks they truly enjoy. This episode explores strategies to help these individuals break free from the constraints of traditional career trajectories and design roles that energize and inspire them. Key topics covered include: Lucia's personal journey from a "career coma" in financial recruitment to retraining as an occupational psychologist and uncovering the secrets of happier work. The importance of identifying and leveraging one's "superpowers" - activities that are deeply satisfying, energizing, and unique to the individual. Strategies for uncovering these superpowers, such as the 4-piece paper exercise to reflect on past work experiences. Aligning superpowers with problems that are genuinely interesting and valuable to others, rather than just moving to a different company or sector. The significance of strategic career planning, avoiding the "shiny object syndrome," and ensuring alignment between personal values and the organization's culture. Resources provided, including Lucia's website midlifeunstuck.com, to help finance professionals design their ideal careers. https://www.youtube.com/watch?v=IR26BGTXFK4 Links Lucia Knight on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:01:01 - Lucia Knight's introduction and background in financial recruitment 0:01:23 - Lucia's experience of a "career coma" and the realization that she hadn't learned anything new in years 0:04:38 - The concept of "happy work" and the importance of finding deep satisfaction in one's work 0:05:44 - Challenges finance professionals face in linear career paths and feeling stuck at mid-level roles 0:09:46 - The importance of enjoying at least 75% of one's work time to feel satisfied 0:10:47 - Identifying and leveraging unique "superpowers" - activities one loves, does easily, and that energize them 0:13:38 - Examples of finance superpowers, such as translating words into numbers to tell a story and cutting through the noise to find solutions 0:16:51 - Strategies for uncovering superpowers, such as the 4-piece paper exercise 0:24:42 - Aligning superpowers with interesting problems that others need solved 0:28:15 - The importance of strategic career planning and avoiding the "shiny object syndrome" 0:31:57 - Ensuring alignment between one's values and the organization's lived values 0:33:00 - Resources provided, including Lucia's website midlifeunstuck.com Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#205 Amplify your personal and social impact with Catherine Marks and Alice Clementi https://open.spotify.com/episode/2NTyMBWk0soOQsDm1yYhYg Amplifying personal and social impact is a crucial aspect of effective leadership in today's business landscape. In this episode of The GrowCFO Show, host Kevin Appleby delves into this topic with two esteemed guests: Catherine Marks, Finance Team Training Director, GrowCFO, and Alice Clementi, Co-Founder of Charterpath. The discussion centers around the importance of skills-based volunteering and the mutual benefits it can bring to both finance professionals and the nonprofit sector. Catherine Marks, who is also pursuing a master's degree in philanthropy, shares her insights on the multidimensional nature of impact and the role of intentional leadership. Alice Clementi, drawing from her own experience of volunteering and co-founding Charterpath, highlights the challenges faced by charities in finding skilled volunteers and the transformative impact that finance professionals can have. Key topics covered include: The definition and importance of personal and social impact in the corporate finance world The concept of skills-based volunteering and its advantages for both individuals and charities The challenges and opportunities in aligning finance professionals with the right volunteering opportunities The "Leading with Impact" partnership between GrowCFO and Charterpath, which aims to amplify the impact of finance leaders Practical advice for individuals interested in getting involved in volunteering and the benefits it can bring The role of corporate support in enhancing the impact of skills-based volunteering https://www.youtube.com/watch?v=wr1JvHMLVSQ Links Catherine Marks on LinkedIn  Alice Clementi on LinkedIn  Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 Introduction to the podcast and the guests 0:00:53 Alice Clementi's background and journey to co-founding Charterpath 0:03:54 Catherine Marks' involvement in the nonprofit sector and collaboration with Charterpath 0:06:57 Catherine Marks' perspective on the definition and importance of impact 0:10:02 The concept of skills-based volunteering and its advantages 0:13:01 The benefits of volunteering for individuals 0:19:27 Details on the "Leading with Impact" partnership between GrowCFO and Charterpath 0:21:43 How the "Leading with Impact" program works in practice 0:25:14 Importance of aligning volunteering with personal passions 0:27:45 How corporates can get involved in the "Leading with Impact" program 0:30:31 Charterpath's offerings and how to get involved Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#204 Powering the Future: Finance's Role in the Energy Transition with Nicolas Payen https://open.spotify.com/episode/3mVyLN3O1EEfDpiyFMm8UQ In this episode of the Grow CFO Show, host Kevin Appleby welcomes Nicolas Payen, the former CEO of Positive Energy Ltd, a climate FinTech company focused on renewable energy project financing. Payen brings a wealth of experience from his 15-year career in the energy industry, including his time at Schneider Electric, where he led an innovative IoT startup within the organization. Payen delves into the ongoing energy transition, highlighting the significant scale and pace of the shift from fossil fuels to sustainable energy sources across regions such as the US, Europe, China, and India. He emphasizes the crucial role of government policies and incentives in driving this transformation, citing examples like the Inflation Reduction Act in the US and the EU's renewable energy directives. Payen also explores the financial and investment implications of the energy transition, underscoring the importance of the CFO's role in enabling and managing the strategic decisions required to navigate this rapidly evolving landscape. Furthermore, Payen discusses the impact of the energy transition on talent recruitment and retention, particularly among younger generations who prioritize working for companies with strong sustainability practices. He shares compelling statistics demonstrating the preference of Generation Z for organizations with a green footprint, underscoring the need for effective communication and alignment between a company's financial and sustainability goals. Key topics covered include: Nicolas Payen's background in the energy industry, including his experience at Schneider Electric and as an entrepreneur The energy transition from fossil fuels to sustainable energy sources The scale and pace of the energy transition, with a focus on developments in the US, Europe, China, and India The role of government policies and incentives in driving the energy transition The financial and investment implications of the energy transition for companies and investors The importance of the CFO's role in enabling and managing the energy transition for their organization The impact of the energy transition on talent recruitment and retention https://www.youtube.com/watch?v=qsK3nDArNAU Links Nicolas Payen on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:12 - Introduction to the topic of energy transition and Nicolas Payen's background 0:01:06 - Nicolas Payen's background in the energy industry, including his experience at Schneider Electric 0:03:25 - Challenges and lessons learned from Nicolas's experience at Schneider Electric 0:06:44 - Nicolas's transition to entrepreneurship and the founding of Positive Energy 0:11:01 - Overview of the state of the energy transition and decarbonization globally 0:14:33 - Comparison of electric vehicle sales in the US and Asia 0:15:21 - Energy transition developments in the UK and EU 0:18:20 - China's role and investments in the energy transition 0:24:10 - The CFO's role in enabling and managing the energy transition 0:32:42 - The impact of rising interest rates on the energy transition 0:39:10 - The importance of the energy transition for talent recruitment and retention Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit.

#203 Counting More Than Cash: Can CFOs Handle Human Value? with Arjan Udding and Werner Schouten https://open.spotify.com/episode/4XDwgSdG36iRyx8uhedCK4 In this episode of the GrowCFO Show, host Kevin Appleby engages in a thought-provoking discussion with Arjan Udding, Director Impact Institute, and Werner Schouten, Director Impact Economy Foundation. The conversation centres around the evolving role of the Chief Financial Officer (CFO) in the realm of sustainability. The guests make a compelling case for the CFO to transition into a Chief Value Officer (CVO) role, emphasizing the need to balance the traditional focus on financial value with equal consideration for social, human, and natural value creation. They delve into the importance of impact accounting, a methodology that quantifies non-financial value and integrates it with financial metrics. Arjan and Werner share examples of European institutions, such as Rabobank and Triodos, that have successfully adopted impact accounting to inform their decision-making and long-term investment strategies. Throughout the discussion, the speakers highlight the need for a harmonized, accessible language for impact reporting. This, they argue, is crucial for driving sustainable business practices and investment decisions across organizations of all sizes, as it enables a comprehensive understanding of the interconnected environmental, social, and governance (ESG) factors that shape a company's long-term viability and societal impact. Key topics covered include: Introduction and background of the guests, Arjan and Werner Debate on whether the finance leader should be called a CFO or CVO Role of financial metrics in sustainability and the need to expand them Integration of financial and non-financial metrics through impact accounting Examples of companies adopting impact accounting Challenges and opportunities in implementing impact accounting The broader impact of impact accounting beyond just ESG Conclusion and call to action for CFOs to embrace the role of Chief Value Officer https://www.youtube.com/watch?v=maxJKO35A7s Links Arjan Udding on LinkedIn Werner Schouten on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:0:00 - 0:0:19 Introduction and background of the guests  0:0:19 - 0:1:35 Debate on whether the finance leader should be called a CFO or CVO  0:1:35 - 0:3:15 The need to redefine value beyond financial value  0:3:15 - 0:6:00 Expanding financial tools to include social and environmental value  0:6:00 - 0:7:30 The CFO's role in owning the balanced scorecard  0:7:30 - 0:12:30 Integrating financial and non-financial metrics through impact accounting  0:12:30 - 0:16:00 Examples of companies adopting impact accounting  0:16:00 - 0:20:00 Challenges and opportunities in implementing impact accounting  0:20:00 - 0:22:30 The broader impact of impact accounting beyond just ESG  0:22:30 - 0:24:00 Conclusion and call to action for CFOs to embrace the role of Chief Value Officer Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#202 How Does Corporate Legal Finance Work? with Jordan Licht https://open.spotify.com/episode/7gxFduDodLzWwcUMKr0rpV?si=nKOiLbeOT1m-TXDZ1wf7Xw In this episode of the Grow CFO Show, host Kevin Appleby sits down with Jordan Licht, the CFO of Burford Capital, to discuss the fascinating world of legal fundraising and litigation finance. Jordan Licht's career journey to becoming the CFO at Burford Capital is an interesting one. He transitioned from a 15-year background in investment banking and consulting to eventually taking on the CFO role, reconnecting with a former boss who had also joined Burford. This highlights the importance of maintaining professional networks and how serendipitous career paths can be. The core focus of the discussion centers around Burford Capital and the unique world of litigation finance. Jordan provides an overview of how Burford invests in commercial litigation cases, sharing in the risk and reward. He explains Burford's thorough underwriting process, the challenges of estimating case durations, and the benefits their capital and expertise can provide to clients. The conversation also touches on Burford's global presence, their approach to building a non-law firm culture, and the complexities of funding and managing the company's own capital requirements. Beyond just traditional finance responsibilities, Jordan emphasizes the value of having diverse experience across sales, strategy, and operations. This broader understanding of the business, rather than just the finance function, has been crucial in his current role as CFO. Jordan discusses how this experience has helped him appreciate the symbiotic relationship between business operations and finance, and the dependencies that exist between the two. Key topics covered include: Jordan Licht's career journey to becoming CFO at Burford Capital Jordan's diverse experience beyond traditional finance roles Overview of Burford Capital and litigation finance Burford's investment process and client engagement  Cash flow and fee structure in litigation finance Jordan's role as CFO and building a non-law firm culture Burford's global presence and client engagement Funding and capital management at Burford https://www.youtube.com/watch?v=-yaJ0oH0uWU Links Jordan Licht on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:0:12 - Introduction by Kevin Appleby 0:0:48 - Jordan Licht's introduction and background 0:1:59 - Discussion on career networking and connections 0:2:34 - Jordan's previous roles before Burford Capital 0:4:03 - The evolving role of a CFO 0:5:01 - Explanation of Burford Capital's business model 0:7:07 - Litigation finance and its benefits 0:10:05 - Underwriting and investment process 0:11:58 - Win rates and case outcomes 0:14:14 - Example of a litigation finance process 0:16:49 - Financial and strategic benefits for companies 0:18:11 - Jordan's role as CFO at Burford Capital 0:19:39 - Company culture and working with lawyers 0:21:55 - Building the right company culture 0:23:05 - Client engagement and partnerships 0:24:50 - Global presence and operations 0:25:35 - Size and structure of the finance team 0:26:45 - Burford's investment portfolio and capital sourcing 0:28:37 - Closing remarks and appreciation Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader p...

#201 What Does a Best in Class Finance Team Look Like? with Sharon Barber-Lui, CFO, Teva Pharmaceuticals https://open.spotify.com/episode/0VINqaQdff5glvnpFNcKm4 In this episode, we have the privilege of diving deep into the remarkable career journey of Sharon Barber-Lui, the Chief Financial Officer of Teva Pharmaceuticals. Sharon's path from her roots in public accounting to leading a diverse team of 200 finance professionals at a global pharmaceutical company is nothing short of inspiring. As someone who has successfully navigated the complexities of the finance world, Sharon has amassed a wealth of knowledge on building high-performing teams. She emphasizes the foundational role of trust and a shared sense of purpose, as well as the relentless pursuit of continuous improvement, as cornerstones of effective leadership. Sharon's insights don't stop there; she passionately advocates for finance leaders to transcend traditional roles and become strategic business partners. In her view, this involves harnessing cutting-edge technologies such as artificial intelligence and predictive analytics to not only streamline processes but to add tangible value to the business. She also champions the importance of diversity and inclusion in the workplace, urging leaders to broaden their candidate pools and engage in active outreach to cultivate a rich tapestry of perspectives and ideas. Throughout this episode, Sharon shares her perspectives on the evolving role of the CFO as a strategic force within a company. She underscores the importance of delivering results while fostering a culture of innovation and collaboration. Join us as we explore how these principles can be applied to drive success in an ever-changing business landscape. Whether you're an aspiring finance professional or a seasoned leader, Sharon's experiences and insights offer invaluable lessons in leadership and growth. Key topics covered include: Sharon's career journey from public accounting to Merck and then to a small biotech company Her transition to the CFO role at Teva Pharmaceuticals and the structure of her 200-person finance team Challenges of managing a large finance team and creating a high-performing culture Defining the characteristics of a "best-in-class" finance team, including trust, shared purpose, and continuous improvement Sharon's strategic priorities and leadership style when joining Teva Pharmaceuticals The importance of effective business partnering and connecting finance to the broader business Leveraging technology and analytics, including the role of AI, to drive insights and decision-making Emphasis on diversity and inclusion in building a high-performing finance team Strategies for finance teams to get involved in strategic discussions and decision-making The evolving role of the CFO and critical skills needed for the future https://youtu.be/gLEdvD20oYw Links Sharon Barber-Lui on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:12 - Introduction of Sharon Barber-Lui, CFO of Teva Pharmaceuticals 0:00:44 - Sharon's career journey from public accounting to Merck and then a small biotech company 0:03:32 - Transition to Teva Pharmaceuticals and the structure of her 200-person finance team 0:04:55 - Challenges of managing a large finance team and creating a high-performing culture 0:07:50 - Defining the characteristics of a "best-in-class" finance team 0:10:02 - Distinction between a "high-performing team" and a "best-in-class" team 0:11:00 - Importance of effective business partnering and connecting finance to the broader business 0:15:40 - Leveraging technology and analytics, including the role of AI 0:19:40 - The evolving role of the CFO and critical skills needed for the future 0:21:26 - Emphasis on diversity and inclusion in building a high-performing finance team

#200 The Profit-Boosting Power of Experiential Learning with Dan Wells https://open.spotify.com/episode/3ruJsTVOQGKn5VoiNSXXM4 In this landmark 200th episode of The GrowCFO Show, hosts Kevin Appleby and Dan Wells celebrate a remarkable journey that began in August 2020. Over the years, the podcast has grown into a key resource for finance professionals worldwide. This special episode not only reflects on the show's development but also reveals the launch of GrowCFO Premium and its innovative approach to experiential learning. Dan Wells, Founder and CEO GrowCFO, introduces The World's Leading Experiential Learning for Finance (ExLF) Programs, now available in an affordable, all-in-one subscription package! For just £195 a month, you can access 30+ LIVE training programs, including the highly sought-after FBP, FT, and FP&A boot camp workshops. Whether you're an individual looking to advance your career or a corporate team aiming to enhance skills, this flexible program is designed to meet your needs. For more information: ExLF for Corporates and Teams: Click here ExLF for Individuals: Click here The subscription package bundles a variety of experiential learning programs, including boot camps and simulators, all led by top finance experts. With live, practical exercises and customization based on role, grade, and objectives, this package is perfect for finance professionals looking to gain new skills in a dynamic, hands-on environment. The program also meets CPD/CPE requirements, allowing professionals to integrate learning into their development plans seamlessly. Offering global availability and multiple time zones, ExLF ensures that professionals from around the world can benefit from this transformational learning experience. Key topics covered include: Introduction to The GrowCFO Show and celebration of 200 episodes Reflection on the journey since the first episode in 2020 Explanation of experiential learning and its powerful benefits Announcement of the new ExLF package and its incredible value Customization and flexibility based on role, grade, and goals Coverage of a wide range of topics: technical, interpersonal, and commercial skills Importance of live, instructor-led training for meaningful learning outcomes Compliance with continuing professional development (CPD) requirements Global availability and time zone considerations Emphasis on peer group dynamics and support networks Next steps for individuals and teams to get involved Excitement for the future of finance learning https://youtu.be/AUtOhsvkI6A Links Dan Wells on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:0:12 - Introduction to GrowCFO and the podcast's 200th episode. 0:1:03 - Reflection on the journey since the first episode in August 2020. 0:2:27 - Explanation of experiential learning and its importance. 0:3:20 - Discussion on the evolution of GrowCFO's training programs. 0:5:22 - Announcement of a new subscription package for experiential learning. 0:6:42 - Details on the flexibility and customization of the new package. 0:8:36 - Importance of role, grade, and personal objectives in learning. 0:10:33 - Overview of the new package's offerings and topics. 0:12:25 - Accreditation and CPD/CPE credits for the courses. 0:15:25 - The impact of engaged learning on business outcomes. 0:17:32 - Benefits of practical, experiential learning. 0:19:05 - Role of experienced facilitators in delivering courses. 0:21:53 - Importance of peer groups and community in learning. 0:23:09 - How individuals and teams can access the new package. 0:25:42 - Global reach and time zone considerations for the programs. 0:27:18 - Closing remarks and future outlook for GrowCFO. Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app.

#199 How Do You Become CFO Ready? with Andrew Waters https://open.spotify.com/episode/1VgwKOgwM8Nf6gh90BXo6z In this insightful episode, Kevin Appleby sits down with Andrew Waters, the esteemed co-founder of Zanda, to delve into the dynamic evolution of the Chief Financial Officer's role over the past four years. As businesses navigate a post-lockdown world, the conversation reveals how CFOs have transitioned from a focus on transformation to leading the charge in sustainable growth and efficient cash flow management. Andrew and Kevin discuss the critical importance of soft skills in today's financial landscape, such as resilience, agility, and storytelling, which are essential for CFOs to excel. The dialogue underscores the necessity for CFOs to blend entrepreneurial spirit with pragmatic decision-making, fostering an environment where finance leaders can thrive and drive substantial organizational impact. Listeners will gain a deeper understanding of the regional nuances between New York and London CFO roles, with Andrew highlighting how New York's financial leaders are often more strategically inclined and investment-ready. The episode also introduces the Future CFO program, a developmental initiative designed to equip finance leaders with the essential skills for future success in the CFO role. Furthermore, Andrew provides a preview of the upcoming Future CFO Strategy, Growth, and Impact Summit, where he will be speaking and offering a glimpse into sessions that promise to enhance leadership capabilities, optimize the finance function, and harness cutting-edge technology. You can register to join the summit here: https://future-cfo-global-summit.heysummit.com/talks/landing-your-dream-cfo-role/! This episode is a must-listen for finance professionals eager to stay ahead in a rapidly evolving industry. Key topics covered include: Catching up with Andrew Waters and the upcoming Future CFO Summit Evolution of CFO roles over the past 4 years Current and future skills required for CFOs Differences in CFO requirements between London and New York The importance of soft skills for CFOs The interview process for CFO roles Scaling the finance function Challenges faced by new CFOs Upcoming Future CFO Summit sessions https://youtu.be/GhSPdeG2H3M Links Andrew Waters on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:0:00 - Introduction to the GrowCFO Show and guest Andrew Waters 0:1:14 - Discussion about the Future CFO Summit and its significance 0:2:23 - Evolution of the CFO role over the past four years 0:7:41 - Broad skill set required for modern CFOs 0:8:27 - Becoming CFO-ready: challenges and necessary skills 0:13:37 - Overview of the Future CFO program and its benefits 0:17:28 - Differences in CFO roles and expectations between the UK and US 0:20:30 - Importance of the first 100 days in a new CFO role 0:21:53 - Upcoming Future CFO Summit sessions and topics 0:24:41 - Structuring the finance function and the importance of the right team 0:26:37 - Challenges A players face in new CFO roles and dealing with imposter syndrome 0:27:09 - Key issues in early CFO roles and overcoming them 0:30:46 - Identifying A players through storytelling and communication skills 0:33:21 - Conclusion and anticipation for the Future CFO Summit Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit.

#198 How to Communicate with Confidence with Susana Serrano-Davey https://open.spotify.com/episode/7cr1nXHLEdnbZ08i4oExuQ Kevin Appleby and Susana Serrano-Davey, GrowCFO Mentor, dive deep into the topic of communicating with confidence in this insightful episode. Susana, who is writing a book on confidence, shares her own experiences of overcoming nervousness in public speaking. She emphasizes the importance of stepping out of one's comfort zone, whether it's joining a public speaking club like Toastmasters or taking on a daunting challenge like a stand-up comedy course. The two discuss a range of techniques to enhance communication skills, from reducing the use of filler words to structuring presentations for maximum impact. Susana stresses the need to identify and challenge limiting beliefs about one's communication abilities, a journey that Kevin himself has undertaken, moving from avoiding presentations to becoming a confident speaker. The conversation also explores the significance of adapting communication styles to different audiences and personalities, as well as the role of ambition and continuous practice in building confidence. Susana and Kevin share valuable insights and personal anecdotes, providing listeners with a roadmap to improve their communication prowess and unlock their full potential as confident, impactful communicators. Key topics covered include: Importance of confidence in communication Susana's upcoming book on confidence Recommendation to join public speaking clubs like Toastmasters Susana's experience overcoming nervousness in her first Toastmasters meeting Susana's experience taking a stand-up comedy course Importance of stepping out of one's comfort zone Techniques for effective communication Identifying and reducing the use of filler words Importance of slowing down and being clear in speech Effective presentation structure: introduction, main course, and conclusion Techniques for structuring presentations Importance of understanding the audience's needs and preferences Adapting communication style to different personality types Importance of having ambitious goals to build confidence Identifying and challenging limiting beliefs about communication Importance of continuous practice and exposure to build communication skills Susana's experience with Toastmasters and the impact on her confidence https://www.youtube.com/watch?v=iSqBXYv3U1k Links Susana Serrano-Davey on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:10 - Introduction and welcome 0:00:35 - Susana's work on communicating with confidence 0:01:11 - Susana's experience with Toastmasters 0:02:24 - Overcoming nervousness in public speaking 0:05:29 - Stepping out of your comfort zone 0:07:29 - Techniques for effective communication 0:09:04 - Reducing the use of filler words 0:11:05 - Kevin's journey from avoiding presentations to becoming a confident speaker 0:12:29 - Structuring presentations for maximum impact 0:15:50 - Using visual aids effectively 0:17:41 - Adapting communication to different audiences 0:20:28 - Identifying and challenging limiting beliefs 0:23:24 - Importance of practice and building confidence 0:26:14 - Cultivating ambition and setting goals Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here.

#197 Data Challenges Facing The Finance Function with Adam Rakich https://open.spotify.com/episode/0MX8X2ihqTsMURRfQPBBiS Adam Rakich, the esteemed author of "The Business User's Guide to Data Integration," joins us for a deep dive into the pressing issues surrounding data integration in the finance sector. Adam is Senior Director, Strategic Alliances at DataBlend, a finance-focused integration platform as a service.  Most of his career has been in technology companies serving the office of finance, in budgeting and forecasting, financial consolidation and reporting. His experiences with the data challenges facing the finance function led him to write The Business User's Guide to Data Integration (available on Amazon Kindle), a guide designed to help non-technical people understand their options for data integration, questions to ask, things to think about – and ultimately feel confident that they can solve their data problems. In this episode, Adam brings his extensive expertise to the table, discussing the common challenges finance professionals face when it comes to integrating data across various platforms and tools. He sheds light on the necessity of a comprehensive approach to data integration, emphasizing how crucial it is for businesses to employ effective integration tools and platforms to streamline their operations. Adam and Kevin also explore the transformative benefits of automating manual data processing in accounting. They discuss how automation can lead to significant time savings and improved efficiency, allowing finance professionals to focus on more strategic tasks. Additionally, the conversation covers the critical aspects of understanding the costs and potential risks associated with custom integration solutions, alongside the imperative need for accuracy and transparency in integration flows. Key topics covered include: Data integration challenges in finance, particularly for accounting and reporting Automating manual accounting tasks to save time and reduce errors Automating data integration for timely reporting Custom vs. built-in integrations for software systems Integration flow best practices for data accuracy and synchronization Data integration challenges and strategies for business users Recommendation of Adam Rakich's book "The Business User's Guide to Data Integration" https://www.youtube.com/watch?v=Lqoi9NhVdZM Links Adam Rakich on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00 - 0:35 Introduction and background of Adam Rakich 0:35 - 1:30 Data integration challenges in finance 1:30 - 3:15 Automating manual accounting tasks 3:15 - 6:30 Automating data integration for timely reporting 6:30 - 11:00 Custom vs. built-in integrations 11:00 - 15:00 Integration flow best practices 15:00 - 20:00 Data integration challenges and strategies for business users 20:00 - 21:00 Recommendation of Adam Rakich's book "The Business User's Guide to Data Integration" Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars. Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#196 The CFO Creating Culture in the Finance Function with Sam Divine https://open.spotify.com/episode/1PaK9XqCIqhS2zBH8bpuMq Sam Divine, Founder of GrowthXel, joins Kevin Appleby, to delve into the pivotal role of the CFO in shaping culture within the finance function. The conversation underscored the importance of treating everyone fairly and respectfully, a principle deeply ingrained in Divine's philosophy due to his upbringing during the Liberian Civil War. Both Appleby and Divine shared personal experiences that highlighted the necessity of adapting to circumstances beyond one's control, emphasizing family, resilience, and adaptability as cornerstones of personal and professional development. Their discussion further explored how these formative experiences influence career choices and the significance of being in the right place at the right time. Divine and Appleby stressed the value of luck and the importance of connecting with employees to understand and improve organizational culture. They highlighted how creating a culture that encourages innovation and equality within finance departments can drive success, showcasing the CFO's unique position to foster an environment that not only supports financial goals but also nurtures a fair and dynamic workplace. Key topics covered include: Sam discusses his early life in Monrovia, Liberia, and his experiences during the 1989 civil war. Highlights from Sam's book, "Battlegrounds to Boardroom," including key lessons on fairness and the non-reliance on material wealth. Sam's educational journey to the United States and his career at prestigious firms like Grant Thornton and EY. Overview of GrowthXel's consulting services, focusing on optimizing organizations and providing critical interim services for CFOs. Emphasis on the importance of culture within finance departments and how GrowthXel fosters strong connections and trust with clients. Strategies for CFOs to enhance team culture, stressing continuous process improvement and valuing every team member's contribution. Discussion on the evolving role of the CFO, comparing it to a Secretary of State, necessitating a broader skill set beyond traditional finance functions. The critical role of curiosity for CFOs, enabling them to ask insightful questions and drive business improvements. https://www.youtube.com/watch?v=VIY0cb1toCY Links Sam Divine on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:0:11 - Introduction to GrowCFO and the host, Kevin Appleby. 0:1:00 - Introduction of guest Sam Divine, founder of GrowthXel. 0:1:13 - Sam Divine's backstory, growing up in Monrovia, Liberia, and experiencing the civil war. 0:3:09 - Discussion of Sam's book "Battlegrounds to Boardroom" and the life lessons learned during the civil war. 0:7:41 - Sam's transition to the United States for college and his early career. 0:12:53 - Sam's career choice to join Grant Thornton and his experiences there. 0:14:46 - Sam's move to Atlanta and his decision to join EY over Anderson. 0:16:28 - Overview of GrowthXel's consulting services for CFOs, including optimization and interim services. 0:24:40 - Discussion on the importance of culture in the finance department and how CFOs can foster a positive culture. 0:28:33 - Exploration of the evolving role of the new CFO and the importance of curiosity in the role. Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training center and CFO Digital To...

#195 How to Navigate Leadership with Catherine Clark, GrowCFO Mentor https://open.spotify.com/episode/08NTBddAgyn0WWqkJgKSy8 Catherine Clark, a seasoned GrowCFO mentor, joins Kevin Appleby to delve into the critical role of emotional intelligence in leadership. They explore how self-awareness is the foundation upon which successful leaders build their careers. By understanding their own emotions and triggers, leaders can better manage their responses and interactions with others. Catherine and Kevin emphasize that adaptability in communication styles is essential for fostering an inclusive and productive work environment, enabling leaders to connect more effectively with their teams and stakeholders. The conversation also highlights the resilience required for leaders to navigate the inevitable challenges and setbacks they encounter. Catherine shares her experiences and strategies for maintaining composure and focus during turbulent times, underscoring the importance of aligning personal values and beliefs with the responsibilities of a Chief Financial Officer (CFO). By staying true to their core principles, finance leaders can make decisions that are not only strategic but also ethical, thereby earning the trust and respect of their colleagues and subordinates. Key takeaways from this episode include the vital importance of self-awareness in leadership, the power of having a clear vision, and the impact of empowering others to achieve collective success. Catherine argues that effective CFOs and finance professionals should continuously develop these attributes to lead with confidence and authenticity. By doing so, they can inspire their teams, drive organizational growth, and foster a culture of collaboration and innovation. Key topics covered include: The difference between managers and leaders, and how finance professionals can develop leadership skills beyond just managing a team. The importance of self-awareness, understanding your values and beliefs, and choosing the right environment to thrive as a leader. Navigating organizational culture and the challenges of trying to change it as a leader. Developing leadership qualities like personal power, effective communication, and overcoming task overwhelm. The role of emotional intelligence, resilience, and self-care in leadership. Change management and adapting communication styles to different stakeholders. The value of making time for personal recovery and growth as a leader. https://youtu.be/G7_QdVCvyrc Links Catherine Clark on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 - Introduction and discussion of the difference between managers and leaders 0:01:24 - Importance of self-awareness and choosing the right environment to lead 0:02:27 - Navigating organizational culture and the challenges of changing it 0:03:52 - Developing leadership qualities like personal power and communication 0:07:09 - The role of emotional intelligence and resilience in leadership 0:13:32 - Overcoming task overwhelm and delegating as a leader 0:16:41 - Additional characteristics of great leaders 0:24:36 - The importance of resilience and personal recovery for leaders Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#194 How Mozilla turns a profit and protects privacy with Eric Muhlheim https://open.spotify.com/episode/49z24QIGonruC0zt4g1lhC In this podcast episode, Eric Muhlheim, CFO, Mozilla, joins Kevin Appleby to provide a wealth of insights about the significance of being a thought partner to leadership, a role that transcends traditional financial oversight to actively shape strategic decisions. Their conversation shed light on navigating the journey to the CFO role, highlighting the crucial interplay between finance and accounting. They underscored the importance of maintaining a delicate balance between profitability and sustainability, particularly in multi-product companies where diverse revenue streams must be managed cohesively. A focal point of their discussion was the value of storytelling in the CFO role. Appleby and Muhlheim emphasized how effective communication and a holistic perspective are key to articulating financial strategies and fostering alignment within the organization. They explored how a CFO must not only crunch numbers but also weave compelling narratives that resonate with various stakeholders, ensuring that financial goals support the broader mission and values of the company. This approach helps in building trust and driving informed decision-making across all levels of the business. Furthermore, the conversation highlighted Mozilla's unique business model, with a specific emphasis on open source AI and the transparency required in AI development. Muhlheim discussed how Mozilla's commitment to openness and ethical practices in technology sets it apart in the industry. He emphasized the importance of transparency, not just as a corporate value, but as a fundamental principle in developing trustworthy AI solutions. By advocating for open source AI, Mozilla aims to foster innovation while ensuring accountability, thus contributing to a more equitable and transparent technological future. Key topics covered include: Eric's career path from Disney to Mozilla as CFO, highlighting his entrepreneurial experiences and technology focus. Mozilla's unique business model as a hybrid of a for-profit and nonprofit company, relying on partnerships and search revenue to fund its mission of keeping the internet free and open. Mozilla's strategies for revenue diversification, including privacy-preserving advertising, affiliate marketing, and direct-to-consumer products like VPNs and privacy tools. Eric's approach to budgeting, cost management, and financial decision-making at Mozilla, balancing sustainability and profitability with the company's nonprofit mission. Mozilla's focus on open-source AI development to ensure transparency and accountability, and the potential risks of AI being trusted too much. Eric's personal interests, including home brewing beer, and the parallels between his CFO role and his hobbies. https://www.youtube.com/watch?v=D0Apku1v0QQ Links Eric Muhlheim on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:10 - Introduction of Eric Muhlheim, CFO of Mozilla 0:00:40 - Eric Muhlheim's career path from Morgan Stanley to Disney and beyond 0:06:17 - Explanation of Mozilla's business model and revenue sources 0:09:02 - Mozilla's strategies for revenue diversification 0:12:11 - Mozilla's focus on privacy and security features in Firefox 0:14:50 - Eric Muhlheim's approach to budgeting and cost management at Mozilla 0:20:06 - Mozilla's strategies for emerging technologies like AI 0:25:44 - Eric Muhlheim's financial goals and priorities for the next 3-5 years 0:29:09 - Eric Muhlheim's personal hobbies and interests Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way,

#193 Navigating My First Fundraise as Group CFO with Vineta Bajaj https://open.spotify.com/episode/11eo7ZWSRIHL77o1p1kWtX In this episode, we are honored to have Vineta Bajaj, the Group CFO of Rohlik Group and former executive at Ocado, as our guest. Vineta opens up about her personal and professional experiences across diverse environments, stressing the importance of owning one's space and maintaining authenticity. Her insights are not only inspiring but also provide practical advice for navigating the complexities of leadership in today's fast-paced business landscape. Kevin enriches the dialogue by addressing the unconscious biases and challenges that female founders often encounter in fundraising and business operations. Kevin underscores the significance of personal development mentors like Michael Hipple, who play a crucial role in helping leaders transform challenges into opportunities. This discussion sheds light on the unique obstacles faced by women in the entrepreneurial world and offers valuable perspectives on overcoming these barriers through self-awareness and strategic thinking. In the latter part of the episode, Vineta and Kevin pivot to the specific challenges associated with sustainable growth in the competitive online grocery market. They explore the demanding responsibilities of a CFO, particularly in formulating effective communication strategies with investors during fundraising efforts. Their combined expertise provides listeners with a comprehensive understanding of balancing sustainable growth with the intricate demands of financial leadership. This episode is a must-listen for anyone looking to gain deeper insights into the multifaceted role of a CFO and the evolving dynamics of the online grocery industry. Key topics covered include: Vinita Bajaj's career journey from KPMG to becoming the Group CFO of Rowlett Group, an online grocery company in Europe The challenges of fundraising for an online grocery business in a difficult market, including Vinita's personal struggles with preparing for the fundraise Tips for identifying and selecting the right investors for a growing business The financial restructuring challenges faced by businesses in the current environment, and the importance of emotional detachment in decision-making Vinita's passion for empowering female founders and overcoming biases in the business world https://www.youtube.com/watch?v=oyBHBGqNa7s Links Vineta Bajaj on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:10 - Introduction by Kevin Appleby, highlighting GrowCFO as a platform for finance leaders. 0:40 - Vinita Bajaj expresses gratitude for being invited to the podcast. 0:46 - Vinita shares her professional background starting from her accounting degree to her experience at KPMG. 1:14 - Discusses various roles and accomplishments at Kerry Group and subsequent career transitions. 2:12 - Vinita highlights her move to the UK, joining the company Catelogue, and her journey leading to becoming Group CFO at Rowlett Group. 3:39 - She elaborates on challenges faced in the current market and how their company has managed growth. 5:38 - Describes personal and professional challenges during the fundraising process. 8:26 - Talks about preparing for meetings with investors, focusing on understanding key business metrics. 10:07 - Discusses balancing precision with the broader financial picture when dealing with investors. 11:22 - Reflects on leveraging her team more effectively during the fundraising process. 13:10 - Shares strategies for identifying and selecting the right investors with the help of external financial advisors. 15:30 - Addresses the current difficult market conditions and consolidation within the industry. 18:09 - Discusses the importance of emotional detachment when making restructuring decisions.

#192 Is Confidence Overrated? with Susana Serrano Davey https://open.spotify.com/episode/3AhymCRjlMx44VZFkFNdUu In this latest episode, Kevin Appleby is joined by Susana Serrano-Davey, a renowned speaker and expert in personal development, to delve into the pervasive issue of confidence challenges that many individuals face in both personal and professional settings. This episode is particularly insightful as it addresses the unique hurdles that women often encounter regarding confidence. Susana brings a wealth of experience and knowledge to the table, offering practical strategies to combat symptoms of low confidence, such as self-doubt and negative self-talk. She emphasizes the critical role that body language, voice modulation, and choice of words play in projecting confidence and credibility, especially in virtual communication environments which are becoming increasingly prevalent. Throughout their discussion, Kevin and Susana share actionable tips for improving one's virtual communication skills. They highlight the significance of maintaining eye contact, even through a camera, and using appropriate gestures to reinforce messages. Additionally, they discuss techniques for recomposing emails to ensure they convey confidence and professionalism. Key topics covered include: Confidence challenges, particularly among women in the workplace Susana Serrano-Davey's personal experiences with lacking confidence and overcoming it Strategies for dealing with moments of low confidence, such as addressing negative self-talk and body language Improving confidence in virtual meetings through preparation and self-reflection Building confidence and self-awareness through tools like journaling and strengths-based assessments The importance of self-acceptance and a balanced self-assessment in overcoming confidence challenges https://www.youtube.com/watch?v=xrfgot--il4&t=15s Links Susana Serrano-Davey on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00 - 0:11: Introduction to GrowCFO 0:11 - 0:41: Welcome and introduction of Susanna Serrano-Davey 0:41 - 2:21: Susanna's personal example about confidence 2:21 - 3:29: Discussion on the perception of confidence 3:29 - 4:57: Confidence challenges in both men and women 4:57 - 7:28: Dealing with lack of confidence and being brave 7:28 - 8:06: Mention of Katherine Clark and "Feel the Fear and Do It Anyway" 8:06 - 9:07: Symptoms of lack of confidence 9:07 - 11:01: Language and body language as symptoms 11:01 - 12:19: Addressing symptoms through body language and voice 12:19 - 13:26: Online meetings and confidence tips 13:26 - 14:52: Using podcasting to improve speaking confidence 14:52 - 15:56: Preparation and improvisation 15:56 - 17:08: Neuroplasticity and positive thinking 17:08 - 19:00: Personal reflection and balanced confidence Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net

#191 Rebuilding value after an administration with Oliver Lee https://open.spotify.com/episode/4kj5iP83OcB12YfnrfDHqh Oliver Lee, the CFO at Flash Pack, sits down with Kevin Appleby to discuss his career journey and the challenges of leading a travel start-up through the COVID-19 pandemic. The discussion begins with Oliver's background in public accounting and a previous start-up role that did not unfold as planned. Oliver recounts Flash Pack's impressive growth trajectory prior to the pandemic, scaling from inception to over $20 million in revenue within a few years. However, the onset of COVID-19 necessitated a shift to "survival mode," entailing cost reductions and staff furloughs as bookings plummeted. The company ultimately entered administration in 2020, but the founders managed to repurchase the assets and relaunch the business in late 2021. The conversation highlights the strategies employed by Oliver and his team to rebuild Flash Pack, with an emphasis on maintaining strong supplier relationships through transparency and communication. This approach successfully re-engaged 95% of their suppliers post-administration. Oliver underscores the critical importance of securing funding, noting that an institutional investor's capital injection was essential for the company's relaunch and growth. The management team's proven track record and reputation were pivotal in attracting this investment despite the challenges faced. As the business transitioned from "wartime CFO" to a growth-focused "peacetime" strategy, Oliver discusses overcoming excessive risk aversion and embracing calculated risks to propel the company forward. Looking ahead, the episode explores substantial expansion opportunities, particularly in the US market, while addressing the scaling challenges such as investing in talent and building the necessary organizational structure to support growth. Key topics covered include: Oliver Lee's career progression and challenges in the start-up world, including his experience as CFO at Flash Pack. How Flash Pack, a solo travel company, adapted to market changes and survived the COVID-19 crisis. The strategies used to rebuild the business after going into administration, with a focus on maintaining supplier relationships. The importance of funding, management team reputation, and calculated risk-taking in driving growth for a start-up. The transition from "wartime CFO" to "peacetime CFO" and the mindset shift required to focus on growth strategies. Opportunities for expansion, particularly in the US market, and the scaling challenges faced by the business. The role of people and talent management in driving the company's growth and success. https://www.youtube.com/watch?v=0rZ99mND7fc Links Oliver Lee on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 - Introduction of Kevin Appleby and Oliver Lee 0:00:36 - Oliver Lee's background and career history 0:01:32 - Oliver Lee's role at Flash Pack and the impact of COVID-19 0:03:02 - Description of Flash Pack's business model and target market 0:05:12 - Challenges faced by the business during the COVID-19 pandemic 0:09:01 - The process of buying back the assets of the business after administration 0:11:43 - Rebuilding the business and relaunching in November 2021 0:14:10 - Securing funding for the relaunch and growth 0:17:51 - Transitioning from "wartime CFO" to "peacetime CFO" and the mindset shift 0:24:50 - Strategies for growth and expansion, particularly in the US market 0:32:35 - Lessons learned about people and talent management 0:35:38 - Oliver Lee's vision for the future and scaling the business Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others.

#190 Developing the next generation of leaders with Dan Silberberg Leadership development is crucial in today's rapidly changing business landscape. Guest speaker Dan Silberberg, CEO and Founder of ENTELECHY.Al, a premier provider of customized leadership development programs, joined host Kevin Appleby for the discussion. Silberberg, a highly experienced executive with a proven track record of transforming operations across multiple industries, outlined the evolving demands placed on leadership. They noted the shift from the hierarchical structures prevalent in the 20th century workplace to today's emphasis on adaptability and holistic strategic thinking. They stressed the importance for executives to thoroughly understand their strengths, leadership style, and potential areas for growth through self-reflection. This allows individuals to maximize performance and overcome challenges. Innovative approaches to stimulate organizational development were also presented. They explored how entering new product categories can drive growth in consumer industries. Artificial intelligence was framed as a competitive differentiator when integrated into core functions like decision-making, productivity enhancement, and risk management. Younger, growth-oriented companies were advised by Silberberg to experiment through prudent risk-taking to sustain innovation momentum. With technological change accelerating rapidly, they emphasized the value executives place on questioning assumptions with an open mindset. The role of the CFO in prioritizing AI initiatives and collaborating across organizations for staff training was also a prominent topic. Key topics covered include: Differences between 20th century and 21st century leadership, with a focus on developing adaptability and holistic thinking.  Challenges of leadership in a rapidly changing world, and the importance of relationships over hierarchy.  Personal growth and leadership development through self-awareness and storytelling.  Unleashing personal genius and innovating to drive business growth.  Leveraging AI for competitive advantage, and how CFOs can prioritize AI adoption for decision making, productivity, and risk mitigation.  Thinking differently and embracing failure to stay innovative, especially for faster-growing companies.  https://www.youtube.com/watch?v=N0PUYH7z9gA Links Dan Silberberg on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 Introduction 0:00:40 Speaker 1 introduces themselves 0:02:39 Discussion on 20th century vs 21st century leadership   0:10:21 Discussion on different leadership styles 0:11:00 Attributes of a next generation leader 0:13:19 Unleashing personal genius and identity 0:17:32 Identifying and using personal genius 0:21:00 Example of innovating in consumer products industry 0:23:52 Leveraging AI for competitive advantage 0:28:05 Adopting AI and challenges of keeping up with innovation 0:32:55 Importance of thinking differently 0:33:30 Summary and closing remarks Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net

Kevin Appleby and Rachel Anevski discuss the importance of collaboration between the CFO and HR departments for organizational development and infrastructure. Rachel emphasizes the crucial role of HR in providing fractional human resource executives to support business growth. They also cover the roles of CFOs and CHROs in managing people and payroll, emphasizing the need for a separate role to handle these aspects of the business. They also discuss the urgent need for finance teams to adapt to digital transformation, AI, and an aging workforce, highlighting the importance of reskilling and upskilling the finance team to remain competitive. Key topics covered include: The roles of the CFO and CHRO, and how they should collaborate on areas like culture, recruitment, retention, and people management strategies. How fractional CHROs can help reduce the workload on CFOs by taking over tasks like payroll administration and providing strategic HR insights.   The impact of finance transformation and AI on the finance team, and the need to upskill/reshape teams through collaboration between CFOs and CHROs. Challenges in retaining and recruiting talent for the finance industry due to a lack of cultural alignment, perceptions of the industry, and insufficient investment in retraining and developing employees. Potential tensions between CFOs and CHROs due to CFOs' focus on control and segregation of duties versus CHROs' partnership approach. https://www.youtube.com/watch?v=DWGVDxWS_RU Links Rachel Anevski on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00-0:03:11 - Introduction and speaker backgrounds 0:03:11-0:06:11 - CFO's role in managing people and potential issues 0:06:11-0:09:18 - How CFOs and CHROs should collaborate and fractional CHRO benefits 0:09:18-0:11:57 - Impact of finance transformation on finance teams 0:11:57-0:14:32 - Aging workforce challenges in finance and potential for retraining 0:14:32-0:16:46 - Recruitment and retention issues for the finance industry 0:16:46-0:21:23 - Reasons for high turnover rates and negative perceptions of finance careers 0:21:23-0:25:14 - Importance of investing in employee development 0:25:14-0:28:57 - Potential tensions between CFO and CHRO roles due to mindsets 0:28:57-0:30:06 - Importance of CFO-CHRO collaboration Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net

Kevin Appleby and Lee share their insights on navigating the sales world, emphasizing the importance of listening, enthusiasm, and adaptability. They discuss their career paths and the value of relating to customers and understanding their needs. The conversation also covers the evolution of invoicing from traditional methods to digitalization, the importance of standardizing business processes to streamline operations, and the potential for cost savings and improved cash flow through technology and strategic partnerships. Key topics covered include: Lee's career journey from art school to sales, and what he learned about listening being more important than talking.   The evolution of invoicing from paper to digital formats, and the challenges this created for managing multiple data and delivery requirements from buyers. How integrating accounts payable and receivable can streamline invoice processing and create synergies.   Corcentric's unique order-to-cash solution that combines people, process, technology and funding to guarantee a DSO result. Insights from CFO roundtables on the changing CFO role, priorities, pain points and challenges of managing teams and stakeholders. Whether automation and AI will truly displace large numbers of finance jobs, or simply enhance productivity by automating manual tasks. https://youtu.be/JGKwr0RM5NI Links Lee Allen on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 - Introduction and guest introduction 0:00:49 - Lee discusses his career journey from art school to sales   0:10:15 - Evolution of invoicing and challenges of digital transformation 0:11:50 - Integrating accounts payable and receivable   0:13:11 - Corecentric's unique order-to-cash solution 0:19:20 - Shared services and outsourcing accounting processes 0:25:40 - Insights from CFO roundtables on challenges and pain points  0:31:55 - Changing CFO role, technology challenges and people management 0:35:55 - Impact of AI on finance roles and automation of tasks Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net

Kevin Appleby and Alan Gonsenhauser discuss the importance of collaboration between CMOs and CFOs in aligning metrics and growth strategies. They emphasize the need for a common understanding of modern marketing and its value to the organization, as well as establishing a customer culture within the business. They also discuss the importance of using data to drive business growth, including predictive KPIs, measuring and optimizing customer lifetime value and retention, and aligning marketing strategies with financial objectives. Cross-functional alignment and clarity on what marketing is not going to focus on are also highlighted as key to growth. Key topics covered include: The importance of collaboration between CMOs and CFOs in areas like setting KPIs and metrics, measuring marketing ROI, optimizing marketing spend, and managing risks.  The evolving roles of CMOs and CFOs, and how they can strengthen their relationship by understanding each other's perspectives.  The importance of customer-led growth strategies and metrics like Net Promoter Score in driving long-term value.  Developing marketing strategies that consider both short-term and long-term budget planning for growth and profitability.  Understanding different personality types and communication styles to improve collaboration across teams.  How finance and marketing functions can work together to establish a shared understanding of success and a customer-led culture. https://youtu.be/xdioRCNweGY Links Alan Gonsenhauser on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00-0:12 - Introduction 0:12-0:48 - Alan Gonsenhauser introduces himself and his background 0:48-1:06 - Alan Gonsenhauser discusses the relationship between CMOs and CFOs 1:06-1:20 - Kevin Appleby asks about measuring marketing ROI  1:20-5:10 - Alan Gonsenhauser outlines 5 areas of CMO-CFO collaboration and discusses customer-led growth 5:10-5:56 - Kevin Appleby and Alan Gonsenhauser discuss KPIs vs key results indicators 5:56-7:34 - Alan Gonsenhauser distinguishes different types of metrics 7:34-10:24 - Discussion on Net Promoter Score and customer satisfaction 10:24-12:23 - Collaboration on growth strategies, budget planning and cost-cutting 12:23-14:10 - Alignment across functions and saying no in strategy 14:10-16:23 - Zero-based budgeting and turnaround strategies 16:23-18:13 - Leveraging customer data and investment areas 18:13-19:26 - Additional growth levers and productivity 19:26-21:01 - Evolving CMO and CFO roles  21:01-23:37 - Strengthening CMO-CFO relationship and customer culture 23:37-25:03 - Finance team adopting customer-led mindset 25:03-31:39 - Personality types, communication styles and presentations 31:39-34:05 - Becoming a successful CMO or CFO Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net

Kevin Appleby and Bill Genovese discussed the convergence of digital technologies between the CFO and CEO/IO roles, emphasizing the importance of collaboration between these two roles. Kevin Appleby and Bill Genovese later discussed the importance of cost avoidance, cybersecurity, and cultural change in navigating digital transformation, highlighting the need for organizations to adapt to new technologies and ways of thinking. Both conversations emphasized the value of collaboration and sharing experiences to better navigate the complexities of digital transformation. Key topics covered include: An overview of Bill Genovese's background in financial services and technology consulting The concept of digital convergence and how technologies overlap to solve business problems Examples of how ERP systems evolved to integrate finance functions The CFO-CIO partnership in regulatory compliance projects like Basel II Opportunities for cost avoidance and cloud strategies through legacy modernization Cybersecurity considerations like the zero-trust architecture Emerging technologies like quantum computing and associated risks When a company should consider hiring a dedicated CIO/CTO role The importance of culture and mindset for successful digital transformation  https://www.youtube.com/watch?v=a8ABQhD9miI&t=10s Links Bill Genovese on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 Introduction and welcome 0:00:48 Bill Genovese introduction 0:00:51 Bill discusses his background 0:03:49 Kevin shares experience at IBM 0:04:04 Continued discussion of Bill's background at IBM 0:05:01 Kevin recalls experience leaving IBM 0:05:28 Bill defines digital convergence using an overlapping circles diagram 0:07:05 Discussion of technology convergence e.g. smartphones 0:07:20 Bill shares he still has an original Palm Pilot 0:07:31 Kevin agrees about going back to old technologies 0:09:39 Kevin discusses finance systems integrating from other systems 0:11:36 Bill discusses ERP implementations in the early 2000s 0:12:36 Kevin discusses ongoing issues with budgeting/forecasting 0:13:21 Discussion of better budgeting solutions from the early 2000s 0:14:38 Kevin introduces discussing CFO-CIO partnerships 0:14:46 Bill discusses regulatory compliance projects 0:17:50 Kevin agrees to spend money intelligently  0:18:10 Bill discusses his relationship with CFOs 0:19:56 Discussion of multi-cloud strategies and related risks 0:20:50 Kevin raises security concerns about multi-cloud 0:24:48 Bill discusses zero trust architecture and quantum risks 0:25:14 Bill's view on when a company needs a CTO role 0:26:11 Discussion of Bill's CFO Tech Outlook article 0:26:50 Bill discusses other publications and viewpoints 0:28:51 Discussion of Bill's experience in China 0:30:09 Kevin thanks Bill for the discussion  Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to The GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here.  You can find out more and join today at growcfo.net