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Steve Voith, VP of Revenue Marketing at Kyriba, joins Evan and Steph to talk about his career journey in Demand Generation. Steve discusses his journey from a novice marketer to a seasoned professional, sharing critical insights into the evolution of demand generation and the significant impacts of various learning experiences throughout his professional life. As Steve dives deep into his career milestones, he emphasizes the importance of adaptability and leveraging technology to stay ahead in the fast-paced marketing industry.A pioneer of the Demand Gen title, Steve focuses on the technological advancements in CRM systems and how they redefined lead management and marketing strategies, as well as challenges and opportunities that come with being a demand generation leader in diverse environments, from working in-house to consulting with agencies. Steve highlights the changes in marketing technologies, the need for effective communication strategies, and the importance of using data to drive business decisionsEpisode topics: #marketing, #leadgen, #demandgeneration, #sales, #B2BSaaS, #digitalmarketing ______Subscribe to Stacking Growth on Spotify and YouTubeLearn More About Refine LabsSign Up For Our NewsletterConnect with the guest:Steve VoithConnect with the hosts:Evan HughesSteph Crugnola
In this episode, Kyriba SVP of Product Solutions & Strategy Thomas Gavaghan describes the differences between a treasury management system (TMS) and the SaaS-based “liquidity performance platform” Kyriba offers and markets to today's corporate treasury teams.“Where Kyriba has evolved and is breaking out from the pack is in what we call liquidity performance—and it's far beyond cash,” he tells NeuGroup Insights editor Antony Michels. Liquidity, he says, goes beyond just banking data and encompasses an ecosystem of working capital information and market data requiring robust connectivity enabling systems to be more than “glorified spreadsheets or dashboards.”The goal, he adds, is to give “companies the ability not just to see what they have or don't have, but actually ‘action' what they need to do in relation to liquidity, specifically on the receivable and payables arms of their working capital. Being able to help customers operate the cash conversion cycle.”Sponsored by Kyriba
In this episode of Corporate Treasury 101, we dive into how AI is transforming Treasury with Bob Stark from Kyriba. From cash forecasting to fraud detection, AI is reshaping financial decision-making. Bob shares insights on predictive analytics, automation, and APIs, exploring both the opportunities and challenges AI brings to the Treasury.Bob Stark is a leading voice in financial technology, specializing in liquidity, payments, and risk management. As part of Kyriba, a top Treasury Management System (TMS) provider, Bob drives multi-product go-to-market strategies, shaping the future of the Treasury through innovation and AI.What You'll Learn in This EpisodeThe current and potential applications of AI in TreasuryThe role of APIs and how they help treasurers integrate AI into their workflowsPredictive AI vs. Generative AI – How Treasury Can Leverage bothFraud detection and risk management with AI-powered insightsThe future of AI in Treasury – Will AI ever fully replace human decision-making?Episode Breakdown with Timestamps[00:00:00] Introduction[00:03:04] AI's Role in Treasury[00:06:10] Understanding Machine Learning in Treasury[00:14:00] The Future of AI in Treasury[00:27:15] The Challenges & Limitations of AI[00:34:30] Can AI Make Financial Decisions?[00:45:18] The Power of APIs in AI Adoption[01:08:13] AI for Cash Flow Forecasting[01:28:14] AI's Ultimate Potential in Treasury[01:35:49] Final Thoughts & Where to Learn MoreFollow Bob Stark on Socials: Linkedin: https://www.linkedin.com/in/bob-stark-b614883/ Website: https://www.kyriba.com/ Follow Corporate Treasury 101:Website: https://corporate-treasury-101.com/ LinkedIn:https://www.linkedin.com/company/86645197/admin/dashboard/ Follow Hussam & Guillaume:Hussam on LinkedIn: https://www.linkedin.com/in/hussam-ali-6bb69186/ Guillaume on LinkedIn: https://www.linkedin.com/in/guillaume-jouvencel/ Gha Marketing Website: https://ghapodcast.com/ #Treasury #Finance #ArtificialIntelligence #RiskManagement #AIinFinance #GenerativeAI #PredictiveAnalytics #Automation #FinancialTechnology #AIInnovation----------------------------------------------------------------------------------Get $100 off any AFP product, including their CTP Exam Prep Platform, using our discount code! Find this and More on our partner's pagehttps://www.corporate-treasury-101.com/partners-page
How is the role of the CFO transforming in today's digital age, and how can AI and automation empower financial leaders to navigate this evolution? In this episode, I speak with Bob Stark, Global Head of Market Strategy at Kyriba, to explore how CFOs are becoming strategic business partners, leveraging cutting-edge technology to enhance decision-making, optimize liquidity, and safeguard their organizations against financial risks. Bob provides an in-depth look at how AI is reshaping the finance landscape, moving beyond efficiency to drive smarter, data-driven decisions. He highlights key areas where AI and machine learning are making an impact, such as improving cash forecasting accuracy, automating workflows, and enhancing fraud detection. As fraud threats grow increasingly sophisticated, Bob explains how AI's anomaly detection and policy enforcement at machine speed are critical for protecting financial operations. We also dive into the challenges CFOs face when adopting AI, from building trust in AI systems to balancing automation with human oversight. Bob shares why embedded, turnkey AI solutions are gaining traction and how CFOs can ensure their AI initiatives align with broader business goals. Additionally, we discuss the future of liquidity management, where data-driven insights empower CFOs to make more impactful decisions while reducing inefficiencies. Whether you're a finance professional curious about the potential of AI, or a business leader looking to understand how to integrate these technologies into your operations, this episode offers actionable insights into the evolving role of the CFO and the strategic use of AI in finance. What do you think are the biggest challenges CFOs face in adopting AI? Let's continue the conversation—share your thoughts with us!
How does a corporate professional leverage LinkedIn and a newsletter to set themselves up for more career opportunities? That is what Nicholas Braman explores with us on episode 189 of The Thought Leader Club Podcast as part of the “Work in Progress” series. Topics we touch on include: What it looks like to build a presence on LinkedIn and write a weekly LinkedIn newsletter for reasons NOT related to growing a business Building thought leadership on LinkedIn Being consistent on LinkedIn while maintaining a well-balanced life outside of work About Nicholas: I'm Nicholas Braman, a Korean-American who grew up in Seattle and has lived in Asia for a total of almost 15 years. With over 8 years of experience in the B2B tech space, I currently serve as the Marketing Director for APAC and Japan at Kyriba. My role revolves around driving demand and revenue growth across the region, building innovative campaigns, and working hand-in-hand with our sales team. I'm passionate about using data to optimize our marketing strategies and outcomes and am always looking for new ways to push the boundaries in marketing. Outside of work, I try to spend as much time with my wife and two-year-old daughter as possible. I'm a devoted Brazilian Jiu-Jitsu practitioner, which I enjoy for the great exercise, social community, and intense challenges of “human chess”. When I'm not on the mats, I'm often in the kitchenexperimenting with different cuisines, out traveling or hiking, or spending time at home reading and writing. Connect with Nicholas: LinkedIn: https://www.linkedin.com/in/nicholasbraman/ Newsletter: https://www.linkedin.com/newsletters/the-weekend-wind-down-7180124794724519936/
En este episodio, el Gerente de Actualize Consulting, Adrián Mendieta, la Gerente Hilia Espinosa y el Director Martín Santiago Trujillo, de nuestro equipo de LATAM, comentan los puntos importantes a lo largo del cronograma de adopción y revisan algunas de las principales implicaciones de los formatos de mensajes ISO 20022. También exploran cómo se verán afectadas las organizaciones, qué pueden hacer para prepararse mejor y cómo obtener los beneficios asociados con ISO 20022. Escuche para obtener más información sobre: - Beneficios de la adopción temprana - ISO 20022 e hitos del cronograma - Un plan de migración que incluye tecnología - Cómo Actualize Consulting puede ayudarle con esta transición Sobre Adrián Mendieta: - Adrián Mendieta es Gerente de Tesoreria en la oficina LATAM de Actualize Consulting. Sus 4 años de experiencia incluyen experiencia en implementación de software, rediseño de procesos, gestión de proyectos y entrega de mejoras de productos de software utilizando varias metodologías. En su trabajo Adrian Mendieta, ha implementado Kyriba para módulos como Efectivo, Contabilidad de Efectivo, Gestión de Cuentas Bancarias, Posicionamiento de Efectivo, Análisis de Tarifas Bancarias, Pronóstico de Efectivo, Pagos y Finanzas de la Cadena de Suministro para más de 21 clientes. Adrián obtuvo una licenciatura en Finanzas del Instituto Politécnico y la Universidad Estatal de Virginia, mientras que en la carrera de Gestión de Inversiones y Analista Financiero Colegiado (CFA) de The Pamplin College of Business. - Correo electrónico: amendieta@actualizeconsulting.com Sobre Martín Santiago Trujillo: - Martin es Director de la oficina de Tesorería y Mercados de Capitales de Actualize Consulting LATAM. Es un ejecutivo consumado con más de 20 años de experiencia en gestión global. Su experiencia incluye tesorería, finanzas corporativas, gestión de efectivo e implementación de TMS. Martín es un líder orientado a resultados y a equipos con un enfoque de mejora continua, con un enfoque en minimizar costos, maximizar la eficiencia de los procesos y agregar valor a las empresas. Es licenciado en Administración de Empresas por la Universidad Panamericana, con Diplomados y cursos en diferentes áreas financieras y de gestión gerencial. - Correo electrónico: msantiago@actualizeconsulting.com Sobre Hilia Espinosa: - Hilia es Gerente del Área de Tesorería y Capital Markets en Actualize Consulting. Siendo una profesional dedicada a las finanzas con amplia experiencia en Tesorería e Inversiones. Teniendo mayor expertise en manejo y gestión de cuentas bancarias, administración de inversiones, contabilidad y análisis financiero, así como en la gestión y control de efectivo, a través de la implementación e integración de sistemas. Es licenciada en Administración Financiera por el ITESM, Ciudad de México, complementando su perfil con Diplomados, cursos y certificaciones en diferentes áreas. Recientemente se convirtió en miembro del AFP, adquiriendo mayor experiencia en consultoría en procesos de tesorería, como el manejo y pronóstico de efectivo y así como gestión de relaciones bancarias. - Correo electrónico: hespinosa@actualizeconsulting.com ¡Gracias por escuchar este episodio del podcast Actualizando el Éxito! Esperamos que hayas disfrutado de la charla y te interese saber más. Mientras tanto, no olvides calificar este episodio y dejar una reseña para hacernos saber qué te pareció. Si tienes alguna pregunta, ponte en contacto con Martín Santiago. Más información: Sitio web: www.actualizeconsulting.com Si tienes alguna pregunta o comentario, nos encantaría poder ayudarte. Puedes ponerte en contacto con nosotros en podcast@actualizeconsulting.com.
April Moh immigrated from Singapore to the US for love in her 20s and restarted her life and career from scratch. The first third of her career in the US was spent in PR agencies, learning the importance of impactful storytelling. She started to develop a curiosity about how the different parts of a company work together to fuel growth and decided to take her career in-house at Microsoft, then SAP, where she eventually became chief of staff. She went on to become CMO at SUSE before moving into the CMO role at Kyriba in October 2023, the same year she was named as one of Campaign Magazine's “Most Inspiring Women." Kyriba is a fully unified SAS performance platform with over 80,000 users. They serve treasury needs, risk, payment, connectivity, and working capital to help their clients gain real-time visibility into their cash balances and break out of the liquidity gridlock that many finance teams get stuck in. With Kyriba, finance teams get an aggregated, reliable, and comprehensive view of their cash and liquidity, as well as actionable insights that empower them to make decisions on liquidity performance. On the show today, Alan and April talk about the rebrand Kyriba has gone through and why branding in B2B industries can be uniquely challenging and more susceptible to scrutiny. April tells what she has learned from her life experience as a female Asian immigrant in tech, including being told she was “not American enough," the maternity discrimination she has faced, and the advice she has for other people who may be told they do not belong. Alan and April also talk about the evolution of marketing, what marketers should be thinking about in terms of being successful in their careers, and tips on how to get ahead.In this episode, you'll learn:How Kyriba empowers clients with an actionable understanding of liquidity performance.When to rebrand and the unique challenges of branding B2BHow April has overcome discrimination as an Asian immigrant and mother, and her advice to othersKey Highlights:[02:00] Immigrating to the US in her 20s [05:55] From RP to CMO[09:16] Kyriba: What they do and who they serve[11:10] Which CFO's have the most success?[13:15] Why a rebrand was needed[18:00] What she has learned through discrimination [24:20] “There's always tomorrow.”[25:25] Advice to her younger self (and her two children)[26:45] Get out of the marketing silo.[29:00] Misperceptions of marketers [30:40] The evolution of the CMO role[33:30] Threats and opportunities facing marketers today Looking for more?Visit our website for the full show notes, links to resources mentioned in this episode, and ways to connect with the guest! Become a member today and listen ad-free, visit https://plus.acast.com/s/marketingtoday. Hosted on Acast. See acast.com/privacy for more information.
Noting the impact of connections between personal experience and being fearless in business leadership, Thomas advocates for the importance of commercially understanding a business model in order to drive change, and discusses ways you can start a bold change initiative using commercial data. Commenting that to sell to the world you must understand the world, Thomas shares thoughts on customers, investors and ESG, the role of HR in shareholder discussions and his approach to learning about societal trends and markets. And with a wonderful call to action, Thomas calls on you to stand up, and challenge! How HR Leaders Change the World - Live! 13 November 2024 Our sell out conference is back! In London and on Live Stream. The role of HR in ESG and Sustainability is rising up the agenda. What brilliant opportunities ahead for you and your teams to create even more business value and positive change. And so, if you'd like to build your influence and impact, if you'd like to spend a day with pioneering CHROs and fellow HR Changemakers, come and join us! You'll leave with knowledge and actionable ideas that you can implement too, and, for even more inspiration – we're so excited to share this - our keynote this year is acclaimed Swazi-British actor, Richard E Grant. Speaking on the topic, 'From global perspectives to daily to do lists'… we can't wait… Check out the inspiring agenda and click here to secure your place today: https://www.eventbrite.com/e/how-hr-leaders-change-the-world-live-2024-tickets, we can't wait to see you there!
In this episode of Actualizing Success, Actualize Consulting's Manager Adrian Mendieta and Dom Boyle, a current co-op from Waterloo who will soon join Actualize Consulting full-time, share their professional journeys thus far, insights on making the most of an internship experience and gaining valuable experience. They also delve into various topics, including the intern and co-op experience, hands-on project work, mentorship programs, career growth opportunities, and what makes Actualize Consulting a great place to grow your career.Listen to learn more about:Tips for securing internships and making the most of the experienceTransitioning from intern/co-op to full-time rolesHands-on project work and career growth opportunitiesMentorship programs, hands-on experience, and their impact on career development What sets the intern experience at Actualize Consulting apartAbout Adrian MendietaAdrian Mendieta is Manager of Capital Markets and Treasury at Actualize Consulting's LATAM office. His 3 years of experience include expertise in software implementation, redesigning processes, project management, and delivering key software product enhancements using various SDLC methodologies. In his work at Actualize, he has implemented Kyriba for modules such as Cash, Cash Accounting, Bank Account Management, Cash Positioning, Bank Fee Analysis, Cash Forecasting, Payment Factory & Supply Chain Finance for over 21 clients. Adrian earned a B.S. in Finance from Virginia Polytechnic Institute and State University while on the Investment Management and Chartered Financial Analyst (CFA) track from The Pamplin College of Business. amendieta@actualizeconsulting.comAbout Dom BoyleDom Boyle is a Consultant at Actualize Consulting in the Capital Markets & Treasury practice with experience in business process analysis, custom reporting, and custom tool development. Dom is currently an intern with Actualize, coming from a computer science background from the University of Waterloo, and has been focused on Actualize's AI initiative while providing clients with assistance in liquidity planning and cash module Kyriba implementations, and custom reports.dboyle@actualizeconsulting.comThanks for listening to this episode of the Actualizing Success Podcast! We hope you enjoyed the discussion and come back for more. In the meantime, don't forget to rate this episode and leave a review to let us know how you like it. Website: www.actualizeconsulting.com If you have any questions or comments, we'd love to hear from you. You can contact us at podcast@actualizeconsulting.com.
Drop 1: BIS Stablecoins Studyhttps://www.bis.org/fsi/publ/insights57.htmDrop 2: Tokenized Winehttps://cointelegraph.com/news/does-wine-age-better-on-blockchainDrop 3: SEC vs Uniswaphttps://cointelegraph.com/news/sec-issues-wells-notice-defi-protocol-uniswap More Support EspacoLAB, an educational project taking web3 to public schools in Brasilhttps://espacolab.com/seuapoio/Fuse Capital + Transfero partner to launch BRX to foster decentralization of traditional financial marketshttps://exame.com/future-of-money/brasil-1o-grande-mercado-totalmente-tokenizado-mundo-gestora/EMURGO Partners with Huawei Cloud to Expand the Cardano Network and Scale Web3 Solutions in Asia Pacifichttps://www.emurgo.io/press-news/emurgo-partners-with-huawei-cloud-to-expand-the-cardano-network/JP Morgan integrates JPM Coin with Kyriba's treasury solutionhttps://www.ledgerinsights.com/jp-morgan-integrates-jpm-coin-with-kyribas-treasury-solution/Copper, Naym and AON complete regulated crypto insurance pilothttps://www.ledgerinsights.com/aon-partners-nayms-for-public-blockchain-insurance-pilot/Brazil's Vototantim Bank testing car sales as part of DREX CBDC pilot, Parfin and ConsenSyshttps://www.ledgerinsights.com/brazils-bv-bank-testing-car-sales-as-part-of-drex-cbdc-pilot/Tokenized debt of new Hilton Hotel in El Salvador via Bitcoin L2 Liquidhttps://cointelegraph.com/news/el-salvador-new-hilton-hotel-tap-into-tokenized-debt-bitcoin . Redes sociais / comunicação.. Instagram.com/blockdropspodcast.. Twitter.com/blockdropspod.. Blockdrops.lens .. https://warpcast.com/mauriciomagaldi.. youtube.com/@BlockDropsPodcast.. Meu conteúdo em inglês twitter.com/0xmauricio.. Newsletter do linkedin https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7056680685142454272.. blockdropspodcast@gmail.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/blockdropspodcast/message
Drop 1: BIS Stablecoins Studyhttps://www.bis.org/fsi/publ/insights57.htmDrop 2: Tokenized Winehttps://cointelegraph.com/news/does-wine-age-better-on-blockchainDrop 3: SEC vs Uniswaphttps://cointelegraph.com/news/sec-issues-wells-notice-defi-protocol-uniswap More Support EspacoLAB, an educational project taking web3 to public schools in Brasilhttps://espacolab.com/seuapoio/Fuse Capital + Transfero partner to launch BRX to foster decentralization of traditional financial marketshttps://exame.com/future-of-money/brasil-1o-grande-mercado-totalmente-tokenizado-mundo-gestora/EMURGO Partners with Huawei Cloud to Expand the Cardano Network and Scale Web3 Solutions in Asia Pacifichttps://www.emurgo.io/press-news/emurgo-partners-with-huawei-cloud-to-expand-the-cardano-network/JP Morgan integrates JPM Coin with Kyriba's treasury solutionhttps://www.ledgerinsights.com/jp-morgan-integrates-jpm-coin-with-kyribas-treasury-solution/Copper, Naym and AON complete regulated crypto insurance pilothttps://www.ledgerinsights.com/aon-partners-nayms-for-public-blockchain-insurance-pilot/Brazil's Vototantim Bank testing car sales as part of DREX CBDC pilot, Parfin and ConsenSyshttps://www.ledgerinsights.com/brazils-bv-bank-testing-car-sales-as-part-of-drex-cbdc-pilot/Tokenized debt of new Hilton Hotel in El Salvador via Bitcoin L2 Liquidhttps://cointelegraph.com/news/el-salvador-new-hilton-hotel-tap-into-tokenized-debt-bitcoin . Redes sociais / comunicação.. Instagram.com/blockdropspodcast.. Twitter.com/blockdropspod.. Blockdrops.lens .. https://warpcast.com/mauriciomagaldi.. youtube.com/@BlockDropsPodcast.. Meu conteúdo em inglês twitter.com/0xmauricio.. Newsletter do linkedin https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7056680685142454272.. blockdropspodcast@gmail.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/blockdropspodcast/message
This episode features an interview with April Moh, CMO at Kyriba, leader in cloud treasury and finance solutions, delivering mission-critical capabilities for cash and risk management, payments and working capital solutions.In this episode, April shares her expertise on managing perceptions through PR and building a demand creation arm from scratch. She also dives into the process of rebranding, and the framework they used when crafting their strategic narrative. Key Takeaways:To maximize your PR efforts, make sure you have a clear idea of the perceptions that you want to drive and how you are currently perceived among your audiences. When rebranding and recrafting your strategic narrative, define who the enemy is, and who the hero is. Find ways to quantify your demand creation arm beyond just direct ties to short-term revenue and be prepared to see results from that engine two years down the line. Quote: “A rebrand is more than just look and feel. A lot of it is also about what is that story and what is that strategic narrative? And for us, we worked through a very simple framework, which is to define what the enemy is. So the enemy represents the current way of work that is not productive for CFOs or treasurers. And then what the hero is. So how do we position ourselves as being able to really add value in solving that problem?”Episode Timestamps:*(12:21) The Trust Tree: Creating a scalable, repeatable marketing engine *(19:02) The Playbook: Paid media, PR and events*(34:18) The Dust Up: Changing a beloved mascot *(37:41) Quick Hits: April's Quick Hits Sponsor:Pipeline Visionaries is brought to you by Qualified.com, the #1 Conversational Marketing platform for companies that use Salesforce and the secret weapon for pipeline pros. The world's leading enterprise brands trust Qualified to instantly meet with buyers, right on their website, and maximize sales pipeline. Visit Qualified.com to learn more.Links:Connect with Ian on LinkedInConnect with April on LinkedInLearn more about KyribaLearn more about Caspian Studios
AI has truly captured the zeitgeist in 2023 and generated endless headlines worldwide. But what does AI and the advance of large language models such as ChatGPT mean for corporate treasurers? Mario Del Natale (Johnson Controls), Jan-Willem Attevelt (Automation Boutique), and Bob Stark (Kyriba) explore how treasurers can approach this technology to best unlock the benefits it can offer today, what treasurers need to do to make the most of AI, and how it interacts with the existing treasury technology stack. Our guests also cover obstacles to using AI, as well as look ahead to the impact that AI might have on the profile of the treasury team of the future.
Don't forget to check out Casey's other podcast Creating The Greatest Show which is all about the ins and outs of creating a great podcast!Learn more at https://ringmaster.com/creating-the-greatest-show/?utm_source=podcast&utm_medium=audio_ad&utm_campaign=cgs_cross_promo_on_hcmToday's guest is a global and marketing thought leader. A true visionary in the marketing landscape! Introducing Bob Stark, the Global Head of Market Strategy at Kyriba! Bob joins Casey today to discuss the significance of customer engagement and building lasting relationships. Prepare to gain valuable insights as Bob sheds light on the common misconceptions surrounding marketing and how it's often misunderstood. It's an episode you don't want to miss!Connect with Bob:LinkedIn: https://www.linkedin.com/in/bob-stark-b614883/Website: https://info.kyriba.com/request-a-demo-na-sem?gclid=CjwKCAjwtuOlBhBREiwA7agf1mHFksWSl0ffQxDbqGjrIIyxfhiqyIdInZnaQwsjLGvBHhJxKDRmHxoCoJAQAvD_BwETwitter: https://twitter.com/treasurybobWays to Tune In:Apple Podcasts: https://podcasts.apple.com/us/podcast/the-hard-corps-marketing-show/id1338838763Amazon Music/Audible: https://music.amazon.com/podcasts/0f4497c6-b402-4cad-9018-1e41b7e8f2bb/the-hard-corps-marketing-showSpotify: https://open.spotify.com/show/1vVLpNI1LssMTiL6KdsamnStitcher: https://www.stitcher.com/podcast/the-hard-corps-marketing-showGoogle Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL3RoZS1oYXJkLWNvcnBzLW1hcmtldGluZy1zaG93YouTube: https://youtu.be/BH78tLguIMcHard Corps Marketing is produced and sponsored by Ringmaster, on a mission to create connections through branded podcasts. Learn more at https://ringmaster.com/
En este episodio, nos sumergimos en la importancia de evaluar los componentes y la estructura de la Tesorería. Exploramos cómo las herramientas tecnológicas pueden desempeñar un papel fundamental en la transformación de esta área, permitiéndonos reducir tiempos y costos de manera significativa. Sobre Adrián Mendieta:Adrian es Gerente de Mercado de Capitales y Tesorería en la oficina de LATAM de Actualize Consulting. Sus 3 años de experiencia incluyen experiencia en implementación de software, rediseño de procesos, gestión de proyectos y entrega de mejoras clave de productos de software utilizando varias metodologías SDLC. En su trabajo en Actualize, ha implementado Kyriba para módulos como Efectivo, Contabilidad de caja, Gestión de cuentas bancarias, Posicionamiento de efectivo, Análisis de tarifas bancarias, Pronóstico de efectivo, Fábrica de pagos y Financiamiento de la cadena de suministro para más de 21 clientes. Adrian obtuvo un B.S. en Finanzas del Instituto Politécnico de Virginia y la Universidad Estatal, mientras que en la pista de Gestión de Inversiones y Analista Financiero Colegiado (CFA) de The Pamplin College of Business.Correo electrónico: amendieta@actualizeconsulting.com Sobre Martín Santiago:Martin es Gerente Senior de la oficina de Tesorería y Mercados de Capitales de Actualize Consulting en LATAM. Es un ejecutivo consumado con más de 20 años de experiencia en gestión global. Su experiencia incluye tesorería, finanzas corporativas, gestión de efectivo e implementación de TMS. Martin es un líder orientado a los resultados y al equipo con un enfoque de mejora continua, con un enfoque en minimizar costos, maximizar la eficiencia de los procesos y agregar valor a las empresas. Es Licenciado en Administración de Empresas por la Universidad Panamericana. Correo electrónico: msantiago@actualizeconsulting.com Sobre Priscila Nagalli:Priscila Nagalli es directora general de Actualize Consulting con más de 25 años de experiencia en gestión internacional de efectivo, banca, pagos, inversiones, cumplimiento, liquidez y riesgo cambiario, además de liderar complejos proyectos de transformación global. Es economista, CFA y CTP Charterholder. Habla inglés, portugués y español con fluidez.Correo electrónico: pnagalli@actualizeconsulting.com ¡Gracias por escuchar este episodio del podcast Actualizar el éxito! Esperamos que haya disfrutado de la discusión y vuelva por más. Mientras tanto, no olvide calificar este episodio y dejar una reseña para decirnos si le gustó. Si tiene alguna pregunta, comuníquese con Martín Santiago.Más información:Sitio web: www.actualizeconsulting.com sitio webSi tiene alguna pregunta o comentario, nos encantaría saber de usted. Puede contactarnos en podcast@actualizeconsulting.com
David Shrier is a globally-recognized expert on technology-driven change at scale. He is a Professor of Practice, AI & Innovation, with Imperial College Business School, where he is founding faculty of the Centre for Digital Transformation and leads the new Trusted AI initiative. Healso chairs the Research group for the World Metaverse Council. Through his venture studio Visionary Future, David also works extensively with the private sector helping established organizations build innovative capacity, having developed $10 billion of value-creation opportunities with companies such as UBS, Dun & Bradstreet, Kyriba, Ernst & Young, GE and The Walt Disney Company, as well as leading private equity and VC funds. He is CEO of a NYSE-listed company which he led through a 500%-oversubscribed IPO, and advises disruptive technology companies such as Dandelion Science (neurotechnology) and Kaleidoco (metaverse). He is best known for creating and leading the blockchain and fintech classes for MIT and Oxford that expanded access in over 150 countries and revolutionized the business model for higher education online. His efforts resulted in nearly $1 billion of financial support for MIT, Harvard and Oxford. David's government advisory work spans over 100 countries and has influenced policy affecting more than 2.4 billion people. He has published seven books in seven years; his eighth book, Basic Metaverse, is coming out June 8, from Little Brown and Harvard Business Publishing. More information at www.VisionaryFuture.com. In this episode, he shares: His definition of the metaverse in simple terms, and how it goes beyond just virtual reality, as it's often perceived Several real-world examples of how AI and the metaverse are already changing industries, careers and businesses, from architecture to the practice of medicine, among many others The sheer accelerated pace at which newer technologies are being adopted compared to previous groundbreaking technologies in history How technology has shaped the way in which the public and private spheres work together to advance new initiatives and funding around these_________________________________________________________________________________________Episode Timeline:00:00—Highlight from today's episode00:51—Introducing David + The topic of today's episode2:47—If you really know me, you know that...3:44—What is your definition of strategy?4:47—Could you talk to us about your work at Oxford and MIT around digital technologies?7:51—Could you give us your definition of the metaverse as you would explain it?9:43—How do you see business changing, and how long will these digital transformations be adopted?14:06—What are some of the implications of the adoption of these technologies that people would be surprised by or people get wrong?17:05—What drove you to write your newest book on AI, what was the timing?19:18—What do you think business leaders need to act in light of this fast impending change?__________________________________________________________________________________________Additional Resources: Personal Page: https://davidshrier.com/Company Page: https://visionaryfuture.com/Newest Book: https://www.hachette.co.uk/titles/david-shrier/basic-metaverse/9781472148131/Linkedin: https://uk.linkedin.com/in/david-shrierTwitter: https://twitter.com/DavidShrier
David Shrier is a globally-recognized expert on technology-driven change at scale. He is a Professor of Practice, AI & Innovation, with Imperial College Business School, where he is founding faculty of the Centre for Digital Transformation and leads the new Trusted AI initiative. Healso chairs the Research group for the World Metaverse Council. Through his venture studio Visionary Future, David also works extensively with the private sector helping established organizations build innovative capacity, having developed $10 billion of value-creation opportunities with companies such as UBS, Dun & Bradstreet, Kyriba, Ernst & Young, GE and The Walt Disney Company, as well as leading private equity and VC funds. He is CEO of a NYSE-listed company which he led through a 500%-oversubscribed IPO, and advises disruptive technology companies such as Dandelion Science (neurotechnology) and Kaleidoco (metaverse). He is best known for creating and leading the blockchain and fintech classes for MIT and Oxford that expanded access in over 150 countries and revolutionized the business model for higher education online. His efforts resulted in nearly $1 billion of financial support for MIT, Harvard and Oxford. David's government advisory work spans over 100 countries and has influenced policy affecting more than 2.4 billion people. He has published seven books in seven years; his eighth book, Basic Metaverse, is coming out June 8, from Little Brown and Harvard Business Publishing. More information at www.VisionaryFuture.com. In this episode, he shares: His definition of the metaverse in simple terms, and how it goes beyond just virtual reality, as it's often perceived Several real-world examples of how AI and the metaverse are already changing industries, careers and businesses, from architecture to the practice of medicine, among many others The sheer accelerated pace at which newer technologies are being adopted compared to previous groundbreaking technologies in history How technology has shaped the way in which the public and private spheres work together to advance new initiatives and funding around these_________________________________________________________________________________________Episode Timeline:00:00—Highlight from today's episode00:51—Introducing David + The topic of today's episode2:47—If you really know me, you know that...3:44—What is your definition of strategy?4:47—Could you talk to us about your work at Oxford and MIT around digital technologies?7:51—Could you give us your definition of the metaverse as you would explain it?9:43—How do you see business changing, and how long will these digital transformations be adopted?14:06—What are some of the implications of the adoption of these technologies that people would be surprised by or people get wrong?17:05—What drove you to write your newest book on AI, what was the timing?19:18—What do you think business leaders need to act in light of this fast impending change?__________________________________________________________________________________________Additional Resources: Personal Page: https://davidshrier.com/Company Page: https://visionaryfuture.com/Newest Book: https://www.hachette.co.uk/titles/david-shrier/basic-metaverse/9781472148131/Linkedin: https://uk.linkedin.com/in/david-shrierTwitter: https://twitter.com/DavidShrier
Pushpendra Mehta meets with Anthony Carfang, Managing Director of The Carfang Group, and Ben Poole, Writer at CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: India surging ahead in real-time payments, while the US is falling behind Kyriba and U.S. Bank working together to accelerate real-time payments Corporate treasurers making a significant effort to implement fraud detection JPMorgan CEO cautioning against a heavy-handed regulatory response to recent bank failures
Pushpendra Mehta meets with Bob Stark, Global Head of Market Strategy at Kyriba, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Following two US bank failures, concerns about financial stability and liquidity dominate the market Introducing ChatGPT and its impact on corporate treasury Majority of treasury departments adopting hybrid work arrangements The rise of banking fraud poses a growing concern for financial institutions Deutsche Bank finances Pepperl+Fuchs's sustainable manufacturing facility in Vietnam
Mr. Chavez said, “The creative energy the Sixth Street team brings to everything they do gives me tremendous confidence in what we are capable of building together. In addition to the development of our engineering environment, I look forward to contributing my passion for converging the life sciences and software as we explore more opportunities to work with companies delivering solutions for our most pressing health challenges.” Mr. Chavez currently serves as President of the Board of Overseers of Harvard University. He also serves on the fiduciary or advisory boards of Cambrian, Earli, Grupo Santander, the Los Angeles Philharmonic, Recursion Pharma, Stanford Medicine, and the Stanford Center on Longevity. He is among the most senior Latinos in finance, as well as among the most senior openly gay executives. Prior to joining Sixth Street, Mr. Chavez served in a variety of senior roles at Goldman Sachs, including Chief Information Officer, Chief Financial Officer, and global co-head of the firm's Securities Division. Mr. Chavez was also a partner and member of the Goldman Sachs Management Committee. Mr. Chavez was one of the first developers of SecDB, an early platform that transformed the trading business into a software business. He retired from the firm in 2019. Prior to joining Goldman Sachs, Mr. Chavez was the CEO and co-founder of Kiodex, and Chief Technology Officer and co-founder of Quorum Software Systems. He holds an A.B. magna cum laude in Biochemical Sciences and an S.M. in Computer Science from Harvard, and a Ph.D. in Medical Information Sciences from Stanford. About Sixth Street Sixth Street is a global investment firm with over $50 billion in assets under management and committed capital. Sixth Street operates nine diversified, collaborative investment platforms: TAO, Growth, Specialty Lending, Fundamental Strategies, Infrastructure, Opportunities, Insurance, Agriculture, and Credit Market Strategies. Select current and past representative Sixth Street investments include Airbnb, AvidXchange, Caris Life Sciences, Kyriba, Nektar Therapeutics, Legends, Spotify, and Talcott Resolution. Our long-term oriented, highly flexible capital base and “One Team” cultural philosophy allow us to invest thematically across sectors, geographies, and asset classes. Founded in 2009, Sixth Street has more than 320 team members including over 145 investment professionals operating from nine locations around the world. For more information, visit www.sixthstreet.com or follow us on LinkedIn. --- Support this podcast: https://anchor.fm/toby-usnik/support
Pushpendra Mehta meets with Bob Stark, Global Head of Market Strategy at Kyriba, and Paul Galloway, Senior Advisor at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: The global payments market is expected to grow to US $848 billion in 2027 at a CAGR of 8.5%, CFOs see inflation and higher costs as the most pressing concern over the next 18 months. Finding the right treasurer is becoming a critical challenge for organizations worldwide. “Swatting” incidents are reaching the top ranks of Fortune 500 companies. Currency volatility isn't going away, cautions Kyriba's latest Currency Impact Report.
Instant payments enables treasury to hold on to precious liquidity for longer, while real-time collections offer significant working capital advantages. In this podcast, Eleanor Hill (TMI) is joined by Javier Orejas (IATA) and Rishi Munjal (Kyriba) who discuss recent developments in real-time payments and what they mean for corporate companies.
Pushpendra Mehta meets with Bob Stark, Global Head of Market Strategy at Kyriba, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: · Amazon expanding its payments partnership with fintech Stripe · Wafi launching Wafi.cash for open banking payments processing on e-commerce platforms · US likely heading for a ‘slowcession' rather than a recession in 2023 · Turnover contagion is real, and the clock is ticking, says Visier · Kyriba's Liquidity Planning Platform aims to improve the accuracy of free cash flow projections
Joe Marcin, CRO at Kyriba, reveals a turning point in his career that led him to discover the triangulation of bringing experience, data, and the art of selling together to help him make great business decisions.Early in his career, Joe feared a career in sales meant schmoozing prospects on a golf course. But then he discovered sales was really about processes he could learn, repeat, and scale. Joe breaks down the science of selling and shares stories illustrating how data combined with experience can drive record-setting business outcomes.
Live from Philadelphia, PA, at AFP 2022, Strategic Treasurer is proud to present our Fintech Hotseat panel discussion on the Future of Treasury Payments. This session put experts from leading payment companies into the hotseat with questions such as the following: What is the power of a network like SWIFT? Regarding payments: what is more important, information or cost? When will banks universally adopt APIs? Want to watch the video version? Click here. MODERATOR Craig Jeffery of Strategic Treasurer, LLC SPEAKERS Ankush Gupta of Mastercard Bob Stark of Kyriba Mark O'Toole of Fides Michelle St. Rose of Corpay
Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: China seen as behind gold buying spree CFOs remain optimistic about cash and liquidity per Bottomline survey results J.P. Morgan and Kyriba unveil a brand-new real-time treasury solution Wells Fargo unveils Vantage, a persona and AI-driven digital banking platform Indonesian central bank unveils plans for its digital currency based on blockchain technology Interview (Part 2): Jennifer B. Lassiter, Executive Director of the Digital Dollar Project (DDP) BlockFi, a cryptocurrency lender, declares Chapter 11
This episode features an interview with Dan Gardner, CFO at DT One. DT One is a network of non cash micropayments and digital pre-pay partners.Dan is a strategic CFO. And over his 12 years as a fintech executive, he's created programs for treasury & risk management. At DT One, he's responsible for the global oversight of all finance, treasury, risk and compliance functions.On this episode, Dan describes how to build a great financial team, and how to use technology and finance together to drive your business. He describes the unique role of CFOs today, which includes empowering corporate teams, making the most of data, and managing risk.Quotes*“The numbers tell the story. It's deciphering that story that sometimes requires a tremendous amount of effort and work and testing.”*“Create that optimal team that can drive an agile, dynamic financial team. And a set of members that are not just keepers of the numbers, but real business partners.”*“The CFO is uniquely positioned to be able to span the environment and scan for opportunities. What might be perceived as potential threats can turn out to be opportunities. What could be strengths today could be weaknesses tomorrow. So it's that constant evaluation of what's going on on the landscape.”*“There's always the financial component of all these assessments of risk. That job just doesn't end. That is a 24/7 mandate that the CFO very much drives.”Time Stamps[2:45] Dan's path to CFO[8:12] Cash Crossroads: Dan's technology vision at DT One[14:47] The Playbook: Finance Strategy at DT One[17:44] Dan on keys to navigating the shifting financial landscape[22:23] Report from the Future: Dan on the next generation of finance leaders[24:51] Quick Hits: Rapid fire questions with Dan GardnerSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Dan on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
This episode features an interview with Ravi Narula, Chief Financial Officer of FinancialForce, a cloud-based applications platform that accelerates business growth with customer-centric ERP, Professional Services Automation (PSA), and Customer Success solutions.Ravi has over 20 years of CFO experience, and he's helped turn several technology startups into large, mature, public companies.On this episode, Ravi describes the growing role of the CFO, company risk management, and the future of AI technology.Quotes*”These are tough, challenging economic environments right now. How do we plan for it? Having a clear line of sight to what our long-term goals are and then connecting our short term actions to long-term goals becomes very critical.”*”There's lots of things that CFOs have to focus on from a risk management perspective. And then governance plays a role. How do you empower the teams and the people while governing it from the corporate side? So there's a lot of balls up in the air, but more communication, more training, more standardization of policies helps a lot.”*”How do we justify technology adoption and get some real hard ROI and benefits out of it? It's important that we connect some of these actions and data we get. And not only at the time of decision making, but after implementation. [We should] do an annual assessment [to look at] what can we do differently to adopt this thing even more? And not only looking at technology that is live. How many users are using it? How well accepted within the organization?”Time Stamps[1:45] Ravi's path to CFO[9:21] Cash Crossroads: Ravi's technology vision at FinancialForce[15:51] The Playbook: Finance Strategy at FinancialForce[16:35] Risk management at FinancialForce[25:08] Report from the Future: Ravi on the next generation of finance leaders[28:39] Quick Hits: Rapid fire questions with Ravi NarulaSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Ravi on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Australia signals further tightening, raises key rate European Central Bank increases rates faster than expected in the face of soaring inflation More large US companies link executive pay to ESG performance UST partners with TreasuryPay to optimise treasury and trade functions Kyriba launches liquidity planning, a reimagined cash flow planning and forecasting solution Mastercard diversifies payment flows and aims to compete for debit card volumes European Commission proposes mandating instant payments in euros M&A activity looks anemic heading to year-end
On episode 4 of All About APIs, we talk to Daniil Saiko about the many API-led product growth lessons learned as Product Director at Kyriba. Daniil is currently a Director of Product at Kyriba with a focus on API and marketplace products. Daniil is a veteran in the FinTech space, previously holding roles in product management, sales engineering, application support and development. He writes about API and technology, trying to close the gap between engineering and functional applications for non-technical audiences.
Why you shouldn't run your company from Excel with a fintech specializing in treasury and risk management. Very interesting talk on simplifying your financials from mounds of data with Bob Stark of Kyriba this week on the Fintech Newscast https://www.kyriba.com/ Click Subscribe to keep up to date on the world of fintech! Reach us at info@fintechnewscast.com … Continue reading Ep 191 – Bob Stark, Global Head of Market Strategy at Kyriba
This episode features an interview with Manish Sarin, CFO at Sprinklr, a cloud-based customer experience management company. Manish brings to the table more than 20 years working with high-growth technology and cybersecurity companies. Previously, he was CFO at Exabeam, EVP of Finance at ProofPoint, and led Software Strategy and Corporate Development at Hewlett-Packard. On this episode, Manish talks about collecting unstructured data from Twitter, Facebook and Reddit to grasp the public narrative around Sprinklr, using AI to predict what will happen in the quarter, and achieving the holy grail of finance, of real time data, sustainable growth, and a solid bottom line.Quotes*”We take all of this information, which is unstructured, could be Twitter feeds, could be posts, and we pull it together using a variety of AI models to get at what is the insight in terms of what groups of users are saying about our business. And so that gives me a sense for, at least in terms of my public narrative, what do I need to change or tweak or at least be aware of as we go and have our earnings calls?”*”I mentored under a public company CFO, and one of the things he would always tell me is, 'Don't be afraid to break glass.' And I've always taken that to heart, which is, rarely is there any other function in today's enterprise that has the level of insight on what's going on with the business, and therefore has a very defined point of view on what needs to happen going forward.”*”I would encourage people who are evaluating being a CFO that it is a very empowering role. And at no point should they feel like their voice is not gonna be heard because they have probably more insights on the business than even the people running sales or marketing or product. And to me, that is something that should be embraced [by] any new CFO. Very empowering role. Do not be worried about breaking glass. Go make sure your voice and opinion is heard.”*”We're growing much faster than a lot of the competitors in our space. That tells me there is enough total addressable market for us to go after. And you never wanna build your business to the vagaries of the market right now. So in other words, you should keep growing no matter what is happening on Wall Street. Of course, you don't want to overspend in an environment where spend is under increasing scrutiny. But I would also argue this wouldn't be the time to pull back on spend as long as you fundamentally believe you're in a high growth segment. So for us, it's been trying to find that balance between the two… we're now showing investors that we can actually achieve sustainably high levels of growth while being prudent on the bottom line.”Time Stamps[3:03] Manish's path to CFO[6:54] How the CFO is a strategic partner to the business[11:23] Cash Crossroads: Manish's technology vision at Sprinklr[14:16] How Manish manages a data lake to structure Sprinklr's data[19:07] All about Sprinklr[22:42] The Playbook: Finance Strategy at Sprinklr[25:35] Risk management at Sprinklr[28:59] How Sprinklr uses AI[29:52] Report from the Future: Manish on the next generation of finance leaders[34:02] Quick Hits: Rapid fire questions with Manish SarinSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Manish on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
This episode features an interview with Nitesh Sharan, CFO at Soundhound, the innovator in voice-enabled AI and conversational intelligence technologies. Nitesh has over 25 years of experience in financial leadership roles. He spent nearly 15 of those at Hewlett Packard where he rose to be Vice President and Assistant Treasurer. And prior to Soundhound, Nitesh served as Nike's CFO of Global Operations an0d Technology. On this episode, Nitesh discusses the preparation for going public during the pandemic, how to protect your company's finances during uncertain times, and how conversational voice AI will play a transformative role in everything from education to the food industry and more.Quotes*”One of the things that is a benefit of being a CFO is you have that agnostic view. You look at the numbers for what they are. You understand what drives growth and profitability. Presumably the CFO has a very acute sense of what investors are looking for, what shareholders are demanding and tying those things together in some kind of numeric, metric-based view. It's very valuable to the company when they are deciding [whether to] invest and go to market, or invest in engineering or whatever capabilities they are trying to allocate resources against. So I think one of the most important things for CFOs is being able to understand the true variables that drive value in the company. and then going and allocating resources heavily against the ones that matter most. And making the harder decisions to move away from the ones that don't. And over time, those things change. And so just staying persistently in the details to understand how those things change is really important.”*”Different is good, and challenge is good. I reflect back on my career and say I grew the most in the most challenging times.”*”We see continuously, particularly in the tech industry, how independent players are able to succeed in different verticals against, in many cases, the big tech who have unlimited resources. Because with laser focused resources, attention, having everybody row in the same direction, there's a lot that can be done, even with a smaller wallet.”*”Even as we build our teams, we emphasize the person who can do more with less, and bring great tools. So whether it's in our planning software, leveraging some great planning tools out there, leveraging technology to make it more efficient to do our SEC filings or whether it's on the treasury side, to navigate, improvements in our cost of payments because we're managing international payment flows, and the foreign exchange friction can be significant if not done thoughtfully.”*”Invest in technology today. It helps you scale much more rapidly with the thinner team. And the output's much better.”*”We're solving long-term solutions for how humans interact with technology. And so we're staying committed to that long-term vision, and yet we're sharpening focus, if anything. And that's what great companies need to be doing, which is when the world pivots a certain way, stay true to the long term vision, but just get sharper, get greater attention on things that matter most and keep sharpening that pencil.”Time Stamps[2:17] Nitesh's path to CFO[15:17] The future of conversational voice AI[18:03] Cash Crossroads: How SoundHound leverages technology to drive growth[27:10] The Playbook: Finance Strategy at SoundHound[35:31] How SoundHound went public during the pandemic[41:43] Quick Hits: Rapid fire questions with Nitesh SharanSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Nitesh on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
The dollar is holding near the flat line today after coming off its best quarter since 2016. Kyriba's Wolfgang Koester discusses the strong dollar's impact on multinational companies. Plus, Liz Truss is planning to cut taxes for the UK's highest earners following backlash from members of parliament. Moody's Analytics' Mark Zandi gives the latest. And, recent data from Goldman Sachs suggests a stock market sell-off into 2023 is likely inevitable at this point. Miller Tabak's Matt Maley, LPL Financial's Quincy Krosby, and KKM Financial's Jeff Kilburg preview the new quarter of trading.
Why you shouldn’t run your company from Excel with a fintech specializing in treasury and risk management. Very interesting talk on simplifying your financials from mounds of data with Bob Stark of Kyriba this week on the Fintech Newscast https://www.kyriba.com/ Click Subscribe to keep up to date on the world of fintech! Reach us at info@fintechnewscast.com … Continue reading Ep 191- Bob Stark, Global Head of Market Strategy at Kyriba
Why you shouldn’t run your company from Excel with a fintech specializing in treasury and risk management. Very interesting talk on simplifying your financials from mounds of data with Bob Stark of Kyriba this week on the Fintech Newscast https://www.kyriba.com/ Click Subscribe to keep up to date on the world of fintech! Reach us at info@fintechnewscast.com … Continue reading Ep 191- Bob Stark, Global Head of Market Strategy at Kyriba
This episode features an interview with David Quinn, CFO at BlueVine. BlueVine provides small and medium-sized business owners with the working capital they need to run and grow their businesses. David has more than 25 years of global experience in banking and finance. Prior to BlueVine, David served as Commercial Bank Chief Financial Officer at Silicon Valley Bank. He also served as Executive Vice President and Consumer Bank Chief Financial Officer at Bank of the West. David has held senior leadership positions at Citibank, Morgan Stanley, and Lehman Brothers in the UK. On this episode, David discusses modernizing your technology to work for you, the benefits of using third party software instead of building in-house, and making your business unattractive to fraudsters.Quotes*”There's only so much the textbooks can teach you about finance. The rest is on the job learning. And it always makes me smile - you think people have got it all. They come out of their MBA. They have all of the education, but you have none of the tangible. Navigating an economy like this is really tricky.”*”From a finance perspective, we've really grown up historically by buying bits of technology and then retrofitting our data for that technology. And often, what I've seen is we don't maximize the full benefits. We buy something off the shelf. Best case, we configure our data. Worst case, we customize everything. And that makes it really, really difficult down the line when you are looking to do anything on top of it if you've heavily customized your system. There's a great opportunity to hit reset on that.”*”We don't build everything. You build where you think you have a competitive advantage. And for us, a lot of the data that we have specifically to our clients, we can use that to enhance and enrich it to go and deliver better services to them. But when it comes to things like treasury management, looking at daily deposits, inflows, outflows, how you bring that together in an asset liability management system. Looking at interest forecasting, for example, those are very specialist areas. That's not where we are focused. I would absolutely engage with third party software to manage that.”*”You just have to make yourself the least attractive for fraud from an external perspective. Internal is slightly different. And to do that, you need strong systems right across the board, strong data health checks, a strong understanding of where you have any gaps. And you need to be able to close them quickly. You need good QA testing, you need great product requirements. And I think importantly, you need to collaborate with other industry peers and share best practices. Fraud rings tend to bounce around the institutions. And so what you can learn from other institutions and put in place as protective measures quickly is important.”*”We have a significantly healthy balance sheet. But at the same time, you want to extend your runway as long as you can. Nobody really knows how long this emerging recession will last, how deep, how it's gonna bounce back. So you need to be prepared. You prepare for the worst, hope for the best. And so as we think about managing our liquidity and employment of technology, we focus on a few areas. One, we focus on how quickly our assets turn. So we're using it to understand what our pay down scenarios are, what our loss rates are, what the demand is on the front end. So getting a really good view of those is critical for us.”*”I think there is a broader role for CFOs outside of the financial services sector to be way more focused on getting value from the liquidity that they have trapped across all of their companies. But be them global or just international, how do you untrap that liquidity and maximize it? The data and technology combined together can help you do that.”Time Stamps[2:43] David's path to CFO[11:44] Cash Crossroads: How BlueVine uses technology to track and unlock liquidity[12:25] How the CFO acts as a strategic partner to the business[16:57] Using data to make better business decisions[23:00] Is it better to buy software or build it in-house?[37:14] The Playbook: Finance Strategy at BlueVine[27:47] The BlueVine approach to risk management[38:04] Report from the Future: What the future CFO will need to find success[41:00] Quick Hits: Rapid fire questions with David QuinnSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with David on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
This is a special episode featuring Kyriba's Senior Vice President of FX Sales and Advisory Services, Andy Gage.For nearly 20 years, Andy has been helping multinational companies automate and optimize their currency risk management programs. Prior to his current role, Andy served as VP of FX Risk Management Solutions at Kyriba.On this episode, Andy discusses how to harness automation and smart analytics to run an effective corporate risk management program, the effects of inflation on markets globally, and being better prepared for the next crisis.Quotes*“The FX job within the treasury and finance function is one of those odd jobs, because they know they've done their job when nobody is talking to them or asking them questions. That's when they've really done really well. So when I talk to some of my colleagues that I've worked with over the years, they say, ‘I had a great quarter. Nobody talked about FX in the last quarter earnings release.' That's when they've done their job.” *”A tailwind can be just as complicated or problematic as a headwind, because it implies a lack of control on your risk management, or your ability to manage currency impacts.”*”When it comes to the earnings call, when it comes to the end of the quarter, when it comes to the board briefings, currencies is not a topic. Because it's been effectively neutralized. Now you may get questions, you know, because of, especially what's happening in the markets right now. But the proper response from a CFO or treasurer to those questions is, ‘We understand our exposure. We've taken appropriate steps to minimize the impact of the volatility in the markets. And, for all intents and purposes, it's really not having a material impact on our financial results. If you can articulate that to the board and the investors, that is the perfect response to that market situation that we're dealing with right now.” *”What's complicated right now is the recent surge in inflation. The reactions by central banks, such as the federal reserve here in the U.S., to increase interest rates, to try to knock the inflation down… I think everybody feels that in their own pocket books today. But when you increase the interest rates, what a lot of people don't appreciate and understand is the interest rates are directly impacting the cost of hedging. And so what we're seeing right now on top of that large increase in risk in volatility and pressure to earnings, treasury teams are faced with a very difficult challenge of keeping their FX budgets where the CFO set them, because the cost of hedging is increasing as well.” *”Just because you have an amazing accounting system like SAP or Oracle doesn't mean that the people are recording things correctly in those systems. And we see issues right there. If you don't have technology that streamlines this process, the spreadsheets that I've seen people use to calculate their foreign exchange exposure are literally some of the most complicated and risky. There's so many potential points of failure in those spreadsheets. And I've seen situations where we've audited a company spreadsheets, and they were trading currency in the wrong direction. So what they thought was reducing risk was actually adding risk.” *”If you step back and a CFO really looks at all of the financial risks that are under he or she's responsibility, currency risk is arguably the largest financial risk that they have to deal with. And now that you're seeing the succession of of currency crisis, fueled by macroeconomic and global events and various other crises, I think the risk management teams are getting a lot more focus and a lot more attention and a lot more enablement… I'm now seeing the CFOs saying, ‘Okay, we now need to invest in automating this because we'll see another one of these crises. And the unfortunate thing is we don't know when it's gonna hit us next.”Time Stamps*[4:46] Andy's path to FX risk management*[9:06] Which kind of treasurer are you?*[12:25] What's the difference between a head wind and a tail wind?*[18:59] The key litmus test of whether your risk management program is effective*[20:14] Understanding the current market*[22:27] How inflation impacts the cost of hedging*[26:05] Why is risk management one of the hardest jobs in finance?*[29:44] What an effective risk management team looks like*[33:42] The role of an FX risk manager*[40:43] Tools for managing FX risk*[44:36] Different strategies for managing risk and gaining confidenceSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Andy on LinkedInFollow Andy on TwitterConnect with Daniel on LinkedInFollow Daniel on Twitter
This episode features an interview with Alex Song, Head of Finance and Capital Markets at Ramp, a finance automation platform offering corporate cards and expense management so companies save time and money with every click.Alex is a Stanford engineer with an MBA from Harvard who has more than 10 years of experience as a hedge fund investor in structured credit, special situations, specialty finance, and fintech. Prior to Ramp, Alex worked in private credit and structured credit investing at Sculptor Capital Management and as Vice President of Crayhill Capital Management.On this episode, Alex discusses how Ramp identified their target market, risk management as a credit card issuer, and what it takes to be an efficient allocator of both financial and human capital.Quotes*”There are certain days of the month where that cash flow gets very chunky and we could be moving north of a hundred million dollars of cash any given day. And what that means for us is it's very important to know where our cash is sitting, where our receivables are sitting, and what the various amounts are on a minute-b-minute basis or hour-by-hour basis. And if one of our investors or one of our lenders wants to see a financial report from us, we have to be very careful about, ‘Hey, this is the 8:11 report?' versus, ‘Hey, this is the noon report?' Because even in a span of minutes or hours, [that] number could swing by tens if not hundreds of millions of dollars. And that has a huge impact on us. We're managing very high velocity warehouse funding facilities. And so our lenders need to know almost in real time what our financial situation looks like at any given moment.” *”If you are a very high growth startup and your operating metrics are still kind of lumpy, it probably doesn't make a ton of sense to make a five year plan because you don't even know what the company will look like in three months. So you're probably going to have slightly shorter metrics. For more mature companies with more established market share and customer base, you're much more concerned with net retention and churn. You're probably looking at a multi-quarter, multi-year sort of planning. The operating timeframe of the company over time should increase in length.”*”Regardless of what timeframe you're looking at, whether it's one month or one quarter or 10 years, at any given moment in time, if you run out of cash, it's over. There is some amount of just longevity planning. But if you're thinking about a concept like cash management, liquidity management, asset liability mismatch, duration mismatch on your balance sheet, that's something where any time you run into the red zone - and that will differ depending on business model, depending on who you are - anytime you're in the red zone, that's it. So you have to be very, very careful about managing instant in time, spot in time, point in time, balance sheet and liquidity as well.” *”At the end of the day, management teams are allocators of capital. It could be financial capital and it can also be human capital. And what you'll find is that all of the best generational businesses have historically been good capital allocators. And so taking that sort of financial KPI-based and financial metric-based view of ROI on invested capital is something that is going to make folks a lot more efficient and make finance teams a lot more strategic than before.”*”The relative value of money and the relative value of liquidity is higher now than it was a year ago, or even any point over the last five years. At least in recent history, we haven't really lived through a period of rising interest rates before. So liquidity is much more meaningful. It moves the P&L a lot more. And so it's a function that I think traditionally has been ignored, but now it's definitely more impactful.”Time Stamps*[11:05] Segment: Cash Crossroads, where Alex discusses his technology vision*[19:37] Segment: The Playbook, in which Alex talks about finance strategies and managing risk*[34:11] Segment: Report From the Future, where Alex considers the skills needed by future finance leaders*[37:30] Segment: Quick Hits, in which Daniel and Alex discuss cryptocurrencies and moreSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Alex on LinkedInFollow Alex on TwitterConnect with Daniel on LinkedInFollow Daniel on Twitter
This episode features an interview with Sinohe Terrero, CFO at Envoy. Envoy is a workplace platform that solves the complexity of hybrid work. Sinohe has over 15 years of leadership experience. He stepped into his current role as Envoy's CFO in 2020. Prior to Envoy, Sinohe served as CFO and COO of Quid Inc., a big data and analytics company. He has also worked at Indiegogo and Etsy. Sinohe holds an MBA in Finance from Baruch College in New York City.On this episode, Sinohe discusses his #1 indispensable tech tool, how he identified and filled gaps in his resume to land him his current role as CFO, and how just because you have money doesn't mean you have liquidity.Quotes*“I consider myself blessed to have been put in situations that I think are unique for people that come from where I come from. I sit at these board meetings with all these very well known VCs and a lot of times you think, ‘Do I even belong here?' And that goes back to the first time you're made a director or the first time that you're in a reputable company or the first time you wear a tie, honestly. I mean, you kind of feel like, ‘Hey, when is the other shoe gonna drop?' Because it's not supposed to happen for me. So you have to mentally get over that hurdle to be like, ‘No, I do belong.”…”You wanna feel like, ‘I belong in this class. I prepared. Everything that I get here I deserve.' So you have to have that mentality to constantly give a hundred percent.”*“I always raised my hand when I saw a problem. I was like, ‘Hey, you know what? We have a problem there I think I can help solve, or I think I can help improve it at that scale.' And I was just never afraid to take the leap of faith. And quite frankly, faith in myself that if another human can solve this problem, I can probably solve it myself too. But it's like, you know, I'm not the smartest guy in the room. But one thing that I tell my son is no one can outwork me. And I know that, so I am gonna raise my hand.”*”I was at a startup before that ran out of money. And one of the things that I noticed when I was there was there were some gaps in my resume. Like,I felt like I could do things, but my resume didn't say that. And so at that moment, I had to say, ‘Okay, well, what am I gonna do? Because I don't wanna be overlooked again.' And what I ended up doing was taking a pay cut and taking a lower ranking job to gain the skills that I needed so that I can say in my resume, I have seen and done that. And so that was sort of a pause moment to be like, my charm is not gonna get me where I need to go. I need to make sure that I make the right career decisions even if it means short term sacrifice… Quite frankly, I needed to be honest with myself, right? I think sometimes you need to be able to look and be humble. And be real. Like, ‘What are the things that are missing? What are my growth areas?' And, ‘Am I just being overlooked and am I being the victim here or are there things that I need to work on?' And clearly I identified that, I made the move and it paid off for me.”*“I think the CFO has evolved from closing the books and making sure taxes are paid, to really being a thought leader and strategic leader, particularly because you own data”...“You are at the Vanguard, you are in the front because you are part of that intimate sausage making process, even in the product development.”*”Back when I was at Etsy, if you raised a 10 million round at 200 million, you were crushing it. And so the rounds were smaller, the valuations were lower. And quite frankly, I think that led to a bit more efficiency. You had to grind it out a bit more. And now over the last couple of years that's really changed. Like the dollars that people are raising are just exponential and the valuations are astronomic. So that creates a different kind of pressure on the team, particularly on FP and A and how you think about it because you're dealing with less mature organizations that you have to continue to educate on the fact that just because you have a hundred million dollars in the bank does not mean we can have bouncy houses and unlimited Kombucha. You still have to be thoughtful about long-term planning.”*“Everyone has a little bit of PTSD, no matter how much money you have in the bank. Because you don't know when the next thing is gonna happen. And clearly the economy is showing the third COVID cousin when it comes to financial impact. And so I think it's changed. I think the space has changed. I think the amount of money people are raising has changed. And that has really changed how you gotta think about your organization on the finance side, and have really strict - not strict, but clear - guardrails, so that you're not just completely running off the map.”*“As a CFO, you're flying a plane. You have a bunch of different gauges and you're just looking to make sure none of them are going into the red. But not any one of those gauges is the only gauge you look at.”*”I was talking to a company last week that was basically saying - it was a CFO - and he was saying that one of the things that he needs to continue to educate the CEO on is the fact that because they have money does not mean they have liquidity. Like because of where the money is stored and how they're being able to finance. So they are asset rich, but liquidity poor. And so literally that conversation happened last week. And I think as we get into more complex vehicles in the future, I think there's definitely gonna be more and more need for this to be a focus area because it's not gonna be that straightforward. We're not just gonna be dealing in USD sitting in something that you can liquidate right away. Like there's gonna be complexity to how you're gonna be deploying that capital. And there's gonna be complexity to how you retrieve said capital.”Time Stamps*[5:19] How to get over imposter syndrome*[9:15] Sinohe's path to CFO*[15:15] Segment: The Playbook*[16:01] Segment: Cash Crossroads*[37:01] Segment: Report From the Future*[41:51] Predictions for the future CFOSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Sinohe on LinkedInFollow Sinohe on TwitterConnect with Daniel on LinkedInFollow Daniel on Twitter
This episode features an interview with Paolo Tonucci. Paolo is CFO at Marex, a diversified global financial services platform. Paolo has been with Marex since 2018, having joined as COO and becoming CFO in 2020. Prior to Marex, he served as Group Treasurer at Commonwealth Bank of Australia. He has also worked as Head of Funding and Liquidity at Barclays Bank in London and spent 12 years as Global Treasurer for Lehman Brothers.On this episode, Paolo discusses how to reduce your vulnerability to currency hedging, staying on top of the latest and greatest in fintech platforms, and how to effectively secure accounts against emerging cyber threats.Quotes*“We're always pushing. I think if you stand still, you are going backwards. There's new products and new platforms, new languages emerging all the time. So I don't think that you can sit on a stack and say, ‘That's the perfect technology stack and I'm never going to have to modify it.' We're always looking to bring in new products. We'll upgrade them, make them quicker and faster. And the pipeline of potential opportunities in terms of technology developments or new technology from third parties is enormous. There's always more demand than there is capacity to develop or to bring in those technologies. But absolutely, you've got to move forward.”*“You need to know your own business and you need to invest in knowing your own activities and your own currency exposures, which is more difficult than people imagine. Just because sometimes the processing and the accounting systems are not set up to handle multi currency or provide that. But that's where you have to invest. So again, it's a function of having the right systems and being able to extract the right data.”*”What do you need? You need to have commercial skills. You need to think of yourself as, I think, an owner of the business, as well as being a guardian of the assets and guardian of the organization. So, you need to extend the skills that you have because it used to be perhaps a bit more compartmentalized. And you could be highly skilled in the basics of finance, because you need to know more about treasury and payments and technology and treasury, and you need to control understanding, which perhaps that wasn't so important in the past, so that you are anticipating areas of risks. So it's a really broad set of skills.”*“I think the investment office always has an eye on liquidity. So I think somewhere between the chief investment officer and the treasurer, you will find that that exists. I sort of feel like depending on the organization, your treasurer is your chief liquidity officer. You know, it may not be the title they have, but it is certainly the sort of centerpiece of what I think they do.”Time Stamps*[12:35] Segment: Cash Crossroads*[24:55] Segment: The Playbook*[31:31] Segment: Report From the Future*[36:24] Segment: Quick HitsSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Paolo on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
This is a special episode focused on payments.How do you make faster payments securely? How do you lower the cost of payment processing? How do you enable different payment rails for a better customer experience? And how do you prevent inadvertent payments? We're getting inside the minds of top CFOs and Treasurers to find out how they're handling payments in this ever-changing financial landscape. We'll hear from Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Katherine Edenbach, CFO at Emburse, Benjamin Seal, Vice President of Treasury Services at Cenveo, and more, including some bonus content from Michelle Richardson, SVP and CFO at Plaza Home Mortgages.Quotes*“We're in a world where we expect things to happen in real time. We expect when we do whatever it is we're doing, it's never fast enough. And so I think the banking system has relied on a very robust and very successful system of interconnectivity for the ACH network. But that does have a number of lags in it that fall short of consumer expectations and business expectations in terms of how fast things should happen in the 21st century economy.” - Reed Luhtanen, Executive Director of the U.S. Faster Payments Council*”The new generations that are coming in, they're all instant gratification. They're used to having apps for everything and being able to have a meal delivered within five minutes to their house. Having that generation come in and take over treasury and payments I think is going to really streamline and make things a lot faster.” - Michelle Richardson, SVP and CFO at Plaza Home Mortgages*”Our biggest area of risk management today is really around cyber security and phishing attempts. Making sure that our employees are well-educated and know how to identify phishing and establishing controls around where we know that those fraudsters might try to get in. So we have a number of controls around approving invoices and around outgoing payments, especially payments with new or different banking information or changes to invoice addresses. This year, we're also going to be adding a credit component to our card product. And obviously that will bring a whole different realm of potential risk management along with it. So we are anticipating that coming as we move through the year, but as of today, our biggest areas are really cybersecurity and phishing.” - Katherine Edenbach, CFO at EmburseTime Stamps*[1:55] Reed Luhtanen, Executive Director of the U.S. Faster Payments Council*[2:35] Kevin Permenter, Research Director at IDC*[4:17] Hamza Benamar, CFO at Kyriba*[5:37] Michelle Richardosoon, SVP and CFO at Plaza Home Mortgages*[9:40] Niklas Bergentoft, Principal at Deloitte & Touche LLP*[12:30] Katherine Edenbach, CFO at Emburse*[13:33] Benjamin Seal, Vice President of Treasury Services at Cenveo*[15:35] Thomas Gavaghan, Vice President of Global Presales at KyribaSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with:Reed Luhtanen, Executive Director of the U.S. Faster Payments CouncilKevin Permenter, Research Director at IDCHamza Benamar, CFO at KyribaMichelle Richardson, SVP and CFO at Plaza Home MortgagesNiklas Bergentoft, Principal at Deloitte & Touche LLPKatherine Edenbach, CFO at EmburseBenjamin Seal, Vice President of Treasury Services at CenveoThomas Gavaghan, Vice President of Global Presales at KyribaDaniel Shaffer, Executive Producer and Host of the Invisible Vault
This episode features an interview with Aneal Vallurupalli, CFO at Airbase, the only truly comprehensive spend management platform available to small and midsize companies.Aneal has spent more than five years in executive-level finance running companies such as Mattermost and Mapbox. He received his Bachelor of Science in Finance from Santa Clara University and is a member of the Forbes Finance Council.On this episode, Aneal addresses the impact that the pandemic had on the finance world, the importance of holistic data in finance, as well as how the current role of the CFO is changing.Quotes*“The really awesome part that I love, and something that I've kind of just embraced... is you know, we've all worked at businesses where we end up needing to build the support functions, FP&A, accounting, capital markets, stock administration, all these things for a company for which we may not be the ideal customer or the product for which the company builds. Well, at Airbase, we are fortunate enough to be a part of a business where we do have input into the product that's being built because we are the number one users. We are the groups that you're selling to at other businesses. And so that has been probably one of my biggest joys of being here.”*“A few things changed right when the pandemic hit. Number one, you saw a big shift in the financial markets. You saw a big shift in terms of folks trying to understand, 'Is this here to stay? How long is this thing here to stay? Do we need to reconsider our operating plans that we had put in place?' Keep in mind, I think COVID hit around the March timeframe, right in 2020. Right around March, the majority of companies are already done with their annual planning and into their Q1. So, having to replan and retune their model and ultimately their plan for the year, many companies did that. And I don't claim to be an expert as a CFO, but I do claim to have really good people around me that I've seen a lot, that I can call upon, and that was one consistent thing that was occurring across my network was folks were double-clicking on the models that they had built on the assumptions that they had made for growth, for burn, and ensuring that the company could downside protect itself.”*“Do I have conviction that being data-driven is a good investment for a company? I do have conviction about that. I think that there's a lot of merit to it. Because I think what it instills is the idea that from an early stage of a company you start paying attention to the metrics that drive success for your company. And in the long run, that means that you're able to build a higher predictability around your business. The managers around the company are paying attention to that data consistently and making decisions off of it. So that last part there is the most important piece.”*“I think that the first thing finance needs to accept is the idea that they can be that agent of change, that catalyst for change at a business... And so I think one of the biggest things that finance leaders need to have conviction about is that they can help the company get to a better place when it comes to being data-driven. And it's not just a finance issue. Everyone else around the company is feeling it, but finance is in a unique position to actually steward that change and be a catalyst for it. And I think that once you accept that, then we become truly a strategic partner to the rest of the business in ways that a sales leader or a marketing leader, our go to market leader, a product leader will embrace finance versus just being the budget stewards.”Time Stamps*[01:32] Why Aneal got into finance*[03:19] How the role of the CFO is changing*[05:04] Operations at Airbase*[08:34] Segment: Cash Crossroads*[11:20] Adjusting business for the pandemic*[14:58] Segment: The Playbook*[17:25] The importance of holistic data in finance*[20:04] Segment: Report From the Future*[22:18] CFOs are agents of change for the future*[26:19] Segment: Quick HitsSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Aneal on LinkedInFollow Aneal on TwitterFollow Daniel on Twitter
Seeking to understand the priorities, plans, and activities that financial institutions are focused on? On today's podcast, host Craig Jeffery is joined by Steve Bullock, Vice President of Insurance and Financial Services at Kyriba, to discuss results from the 2022 Non-Banking Financial Institutions (NBFI) Survey. Topics of discussion center around technology, plans to spend, pain points, and more. Our Non-Banking Financial Institutions Survey, underwritten by Kyriba, polled NBFI professionals on complexity, technology, exposure management, and assets, plans, pains, spend, and focus. You are invited to read through the top ten items from the research and see what is dramatic and notable, as well as what hasn't changed much. Download the report here.
This episode features an interview with Maarika Paul, Executive Vice President and Chief Financial and Operations Officer at Caisse de Dépôt et Placement du Québec (CDPQ), one of North America's leading long-term institutional investors, with net assets totalling CA$365.5 billion and investments in more than 75 countries. They manage funds primarily for public and parapublic pension and insurance plans.Maarika is a Fellow Chartered Accountant and a Chartered Business Valuator with more than 30 years of experience in financial management. She began her career at audit and tax services firm KPMG, where she worked for 10 years. She then worked at BCE from 1994 to 2011, where her responsibilities included performance evaluation of BCE subsidiaries, financial planning, mergers and acquisitions and investor relations. Maarika was also Senior Vice-President, Corporate Communications and, subsequently, Senior Vice-President, Corporate Services. She is a member of CDPQ's Executive Committee and of the Board of Directors of Ivanhoé Cambridge, the institution's global real estate subsidiary and holds a Bachelor of Business Administration in Accounting from McGill University.On this episode, Maarika addresses overcoming adversity as a woman in finance, deploying new investment strategies for CDPQ with net assets totalling over CA$365.5 billion, and discusses the implementation of AI and augmentation for financial analyses in the future.Quotes*“When I was young, I was a really shy person. Going out, and like most people, you know, if you want, you need to go out and talk in front of an audience, et cetera, that was really tough. And so I always had to push myself along the way, and I think it's particularly true for a lot of women in roles where they kind of go, you know, I'll just kind of keep on the sidelines and be a little bit quiet. You have to push yourself out there. So was that a personal challenge for me? Yes. I think I've kind of got over that, I actually enjoy doing sessions like this with you and sharing experiences and so on. But that I think was a personal challenge for me. Just pushing myself to be more out there.”*”People need to know what their roles are, to be clear about what their roles are, to understand how they contribute to the overall organization. And that means being able to communicate regularly on what our goals are, how we're advancing on them and how their part fits into that. And that allows our people to feel valued, to feel recognized. And, that's a big part of what drives folks. And for people who manage others, it's also taking the time to understand what drives everybody. Because what drives you, Daniel, may not be what drives me. I may give you a huge raise, but that's not really what you're looking for. I mean, you'll take it. You won't say no, but you may actually want different recognition and other people are the total opposite. So it's really understanding, having that personal interaction with people, I think that's really important for us, for example, as well, it's being able to ensure alignment and closeness around our offices globally. That was one of our big challenges.”Time Stamps*[02:53] Maarika's path into finance*[06:56] Unforeseen obstacles in Maarika's career*[09:53] Segment: Cash Crossroads*[13:31] Deploying new strategies when investing*[19:53] A CFO's thoughts on inflation*[21:27] New tech and automation in financial reporting*[24:40] Segment: The Playbook*[30:41] Environmental, Social, and Governance (ESG) in financial analysis*[38:28] Segment: The Report from the Future*[43:52] Implementing a Chief Liquidity Officer?*[45:02] Maarika on AI replacing people in the future*[47:10] Viewing competitor CFOs as industry peersSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Maarika on LinkedInCDPQ WebsiteConnect with Daniel on LinkedInFollow Daniel on Twitter
This episode features an interview with Kevin Permenter, Research Director at IDC, the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.Kevin has over 20 years of experience in finance. As Research Director, Kevin is in charge of providing insights and analysis across Fintech market segments including accounting, revenue management, treasury and enterprise payment management, and more. Prior to joining IDC, he consulted with Fortune 500 companies on strategic planning, market analysis and technology evaluation among other topics.On this episode, Kevin discusses improving the efficiency of data management, getting actionable insights at near real time, and building resiliency of your business.Quotes*”The office of the CFO now, their main job is moved away from adding a half a point of profitability here or shaving off a half a head count here, you know, they've moved away from those sort of really speeds and feeds or tactical goals. And the bigger goal now is resiliency.”*“I need to be able to move this company and protect the people in it, protecting my shareholders, protecting my customers. I want to protect these constituencies, and the way I'm able to do that is by moving fast. And the only way to do that is to manage the data such that you're getting actionable insights at speed.”*”What's been happening within data management is a realization that most of your business problems come down to data management. It's either the fact that we're not getting data into the financial operations space in an efficient manner, or the system itself is not efficient.”*“The companies that have invested in the infrastructure to efficiently manage their data, those are the ones that are agile. Those are the ones that have shortened the time between a business event and a decision so that the CFO, the board, now they have that rock solid information that they need, even across a very complex business environment to make the decisions. They're the ones that ultimately have an advantage in these uncertain times.”*“You can have a situation where the treasurer is looking at their dashboard. And they're seeing a ticker go by with all the relevant market information. And that's coming in from a marketplace provider via an API. He's also looking at his bank accounts and those are coming in from the 10, 15, 20, 30, 100 different bank accounts via APIs. So he's got all this information. He's sitting at the head of this river of information and the plumbing bringing all that information to him are the APIs. So what we're finding is that companies that are working to efficiently move data quickly through the process from transaction to decision, or from transaction to insight, and then insight to decision, the ones that are working to build the plumbing, to build the infrastructure, are the ones that are learning to thrive in this market. And that plumbing, that infrastructure, is oftentimes built upon various APIs.”Time Stamps[6:12] About the role of Research Analyst[10:59] The convergence of financial operations[16:16] Cash Crossroads[24:52] Using APIs to streamline operations[27:39] The Playbook[34:00] How to tackle uncertainty[37:49] How to prioritize investment[41:22] Report from the FutureSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Kevin on LinkedInFollow Kevin on TwitterConnect with Daniel on LinkedInFollow Daniel on Twitter
This is a special episode featuring an interview with Thomas Gavaghan, the Vice President of Global Pre-Sales at Kyriba. Tom is a solutions architect. He has multi-billion-dollar companies relying on his guidance so they can achieve their KPIs. Tom has helped more than 12,000 clients identify, target and solve for financial technology challenges. So they can get better visibility on their cash flow and achieve their goals. On this episode, Tom and host Daniel Shaffer discuss two key topics: Payments and Visibility. Together, they look back at what previous guests have said about the topics, including Reed Luhtanen, Executive Director of the U.S. Faster Payments Council, Laurie Krebs, SVP and CFO at Red Hat, Danielle Murcray, CFO at AttackIQ, and Benjamin Seal, VP of Treasury Services at Cenveo.Quotes*“When you think about a puzzle, you think about a jigsaw puzzle. What do you have? You have a box with a picture on it. You have the pieces inside of it. And your goal was to make the pieces match the picture. One of the things I think is different in financial technology and in our environment, in our space which we're in, we don't know what that picture is. We need to understand first, what does that picture look like? What's the landscape of an organization look like? We have the pieces and we have so many of them, but we have to then figure out how to put them together to match what the customers are ultimately looking to do.”*”Size of a company does not dictate complexity. I think sometimes in technology selling business type arrangements, you just equate biggest companies with being the most complicated… Companies of all sizes are naturally international in their supply chain, how they get material or resources, and how they sell their product. And with that then comes a lot of nuance and a lot of complexity that they have to manage and they have to deal with.”*”The more touch points I have, the more systems I have in place that are making payments and sending payments to the bank, each outlet Is an opportunity for fraud. It's an opportunity for someone to come in and infiltrate that connection, that system, and do something perhaps nefarious… It doesn't matter if you're in finance or you're in another part of the organization. Criminals are trying to infiltrate and get access to those systems. And they can do it so easily if you're not careful by putting the payments centrally, managing incentives, singular type technology, or that pursuit will give companies better ability to monitor that flow, monitor those payments, protect their cash, protect their organization, protect the reputation that they have.”Time Stamps*[5:36] Understanding the fintech landscape*[11:18] Company size does not dictate complexity*[15:55] Controlling the interest rate environment*[17:24] The benefits and risks of real-time payments*[26:28] Why relying on the bank for payment security isn't enough*[30:10] What is visibility?*[34:50] Leveraging data for ML and AI*[39:30] Excel is a tool, not the answer to reporting needs*[44:06] Justifying investment in new tech through value engineering*[47:27] Including clients in their own process improvement*[49:41] The complexities of the consultative processSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Thomas on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
This episode features an interview with Benjamin Seal, Vice President of Treasury Services at Cenveo. He is an experienced Treasury Professional with a demonstrated history of process improvement. He's skilled in Management, Variance Analysis, Financial Analysis, Finance, and Accounting. In this episode we delve into how Benjamin uses digital approaches within treasury to become a strategic business partner across an organization at all levels - being able to stay forward focused at ensuring Cenveo has the capital needed to manage day to day operations. Benjamin discusses his digital first vision that embraces technology to cut down on work time and elevate efficiency, reliability and flexibility. We learn how Cenevo's innovative approach has optimized enterprise liquidity through a digital transformation of their treasury solutions and practices, allowing them to make small and meaningful adjustments on a regular basis and gather input from teams more quickly, effectively, and with cost savings.Quotes*“Mike Tyson always said everybody had a plan until they get punched in the face. And the same concept applies to business as well. Every business has a plan until something goes awry, which is exactly what COVID has shown us as treasuries. This is why treasury is a key strategic business partner. We partner with individuals throughout the company, from the operations, to the purchasing department, to shared services, to even then down that lower level plant level, to stay forward focusing, ensuring that the company has the capital it needs to manage the day-to-day operations. You know, the thing I like to say is without treasury? It would be similar to walking in the woods at night without a flashlight. You might get there, but it's going to take a lot more.”*“We're constantly looking. We're looking at the past. We're looking at the future. I mean, you know, during the pandemic, everything changed for us. We didn't know if some of our customers were going to continue their sales or when those sales were actually going to come back into the company. So we were kind of consistently reforecast and forecasting. So, one of the big things we had done was we embraced technology as a whole, which allows us to continually adapt. We have anywhere from three to four models at any point in time going in, which we're going to continue to do, because you just don't know if another COVID-19 is going to hit or if some other impact of the business is going to be right around the corner.”*“What I would recommend to the next generation of finance leaders is to just stay up to date on the technology because it's ever changing and you need to embrace that. And not only becoming innovators, you know, always challenge the norm and you can do that now. Constantly look into your company and avoid the phrases of “it's always been done that way,” or “don't fix something that's not broken.” Constantly question, constantly look for those solutions for the question that no one has asked yet, because eventually they're going to. And, if you have that solution already, that's going to put you one step above.”Time Stamps*[4:37] Opportunities and Flexibility in Treasury*[5 :27] Treasury is a Key Strategic Business Partner*[7:25] Wide Focus on Past, Present, and Future to Learn and Grow *[9:00] Kyriba is a lot More than Just Cash Forecasting*[15:22] Time Saving Means More Money*[19:15] Risk Management*[21:30] Recognizing and Addressing Fraud*[22:40] Focusing on Machine Learning and Artificial Intelligence*[27:36] Recommendations for Next Generation of Finance Leaders*[28:56] AI as a Partner to Treasury and Finance LeadersSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksBenjamin Seal LinkedInCenveo on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
Mark Suster, General Partner at Upfront Ventures, talks about how he transitioned from being an entrepreneur to investing in startups. Mark elaborates his Lines and Dots technique for evaluating founders. He also points out some fundraising mistakes to avoid, especially when the capital market is undergoing correction.In this episode, you'll learn:6:27 Entrepreneurs need different kinds of help at different stages of their company.10:47 Cadence, ability to hire talent, and ability to ship code are tell-tale signs of a successful founder.15:03 Taking fundraising as part of your day job, and allocating time for it, is critical to building a strong company.23:03 Don't optimize for short-term valuation. Inevitably, everybody ends up raising capital downstream even if they thought they were not going to.Non-profit organization that Mark is passionate about: Defy VenturesAbout Guest SpeakerMark Suster is a General Partner at Upfront Ventures. Previously, Mark was the founder & CEO of Koral (Acquired by Salesforce.com in 2007) and BuildOnline (acquired by The Sword Group). Upfront Ventures backed both startups. Mark became VP, Products at Salesforce.com after the acquisition of his company. He had been working with Upfront partners for 8 years prior to joining as a General Partner, to help fund like-minded entrepreneurs. Mark writes a blog, Both Sides of the Table, in which he shares his views on tech trends and offers advice to start-up founders.Fun fact: Ask Mark about triathlonsAbout Upfront VenturesUpfront Ventures is an LA-based venture capital firm that focuses on early-stage technology companies. Founded in 1996 in Los Angeles with investing professionals based in LA, San Francisco, and Paris, Upfront has backed standout teams across all technology sectors, including Ring (acq. by Amazon), TrueCar (NASDAQ: TRUE), Bird, MakerStudios (acq by Disney), GOAT, Apeel Sciences, thredUP, Invoca and Kyriba (acq by Bridgepoint). Upfront invests about half of its capital in the fast-growing Southern California ecosystem, with the balance across the country as well as investments in Europe and Israel.Subscribe to our podcast and stay tuned for our next episode that will drop next Tuesday. Follow Us: Twitter | Linkedin | Instagram | Facebook
This episode features an interview with Danielle Murcray, CFO at AttackIQ, your expert on real-time, data-driven visibility into the effectiveness of your security program.Danielle has spent more than 20 years in executive-level finance, running companies under industry titans like Palo Alto Networks, McAfee and Cisco. She received her bachelor of science in accounting from Central Washington University and is a Certified Public Accountant.On this episode, Danielle addresses building relationships with CEOs, tackling cybersecurity and fraud, as well as assessing and managing risk as a CFO in a pandemic world.Quotes*“Very few people want to go back to the office full time, if, and when the pandemic is over. I think that is something that HR leaders and CFOs really need to understand and consider. For me specifically, I spend a significant amount of my time focused on employee engagement and how to keep our employees feeling connected now that we are fully remote in the US, we must have a continuous communication loop. We must collaborate as a team as often as we can. I will tell you that if this pandemic has taught me anything, it's that companies need to find creative ways to keep employees motivated and that over-communication and collaboration have become extremely important to ensure employees still feel like they are part of a team.”*“I'm a firm believer that a quality risk management program should be intertwined with organizational strategy, which puts it right up into the CFO's alley. I also believe that the most important thing to remember is that when you're designing a quality risk management program, you can never manage out all risks. And I think you have to accept that at the outset. So instead, you want to use the program to determine which risks are worth taking to achieve your organization's goals and objectives.”*“Being data-driven means to me that strategic decisions are based on data and interpretation of that data. So, it needs to be timely, accurate, clean and unbiased. Most importantly, it has to be trustworthy data. For me, particularly, it's also about building tools, building abilities within all employees and particularly within the finance team. I've used this word a few times throughout our discussion today, which is really building a culture that acts on data … I really believe that a data-driven culture enables companies to examine and organize their data with the goal of making better informed decisions, which is the point of data at the end.”*“The pandemic has completely shifted the role of the CFO and has really put the CFO front and center. And to me, that leap for CFOs or future finance leaders really must be leadership abilities and the ability to build relationships. I think we can all agree that the relationship between the CEO and CFO has always been one that's based on trust and collaboration and a shared view of the goals and objectives. If that relationship isn't tight then it's going to spell trouble for the company. That relationship obviously remains important, but in order to be successful, the CFO really has to take advantage of the expanded strategic importance of the role and start building relationships, or continue to build relationships with other leadership within the company. It's more imperative than ever before and partnering with those leaders and focusing on broader strategic opportunities and exerting that influence when you build those relationships will really allow for the CFO to help the company capitalize on opportunities and most importantly create value. That is what will separate a good CFO from a great one.”Time Stamps*[1:24] Danielle Murcray's ‘calling story'*[7:54] AttackIQ helping companies in the market*[9:06] Cash Crossroads*[10:43] Impact and challenges of the pandemic*[15:52] Learnings from the pandemic*[24:37] The Playbook*[25:06] Risk management as a CFO*[30:49] Addressing cybersecurity and fraud*[35:53] What it means to be data driven*[41:45] Capital forecasting for 2022*[43:32] Report from the Future*[50:26] Quick HitsSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Danielle on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
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