FP&A Today Glenn Hopper

What’s the connection between FP&A and Taylor Swift? To answer we are joined by Michael Stotland, Vice President of FP&A at AEG Presents.
AEG Presents is one of the largest live music companies in the world, and most famously the concert promoter behind the $1 billion dollar revenue Eras Tour by Taylor Swift: the highest grossing tour of all time.For good measure, Stotland’s FP&A team also supports the tours of Paul McCartney, Katy Perry Elton John, and the Rolling Stones, and 25 music festivals, including the iconic Coachella Valley Music and Arts Festival, along with Stagecoach, the New Orleans Jazz Fest, hangout Fest, electric Forest, and Firefly.
In this blockbuster episode, we want to teach you how FP&A feels (apologies to Swifties):Michael Stotland VP of FP&A at AEG reveals in conversation with host Glenn Hopper:
How growing up in Los Angeles the entertainment industry the entertainment industry was a natural choice, and starting my career at MGM
Spreading my wings at 20th Century Fox 
Building up the FP&A function at MarVista (a TV and movie production company showcasing nearly 2,500 hours of content) and the story behind a facing a “fantastic year” during COVID FP&A leadership at AEG  helping live entertainment “ return from the abyss” 
“Seeing the financials bounce” back as pent up demand was realized 
Pulling external data into daily FP&A work 
Heatmaps on beer costs and price of living as part of FP&A planning 
Managing 3 areas of FP&A at AEG:  General, systems and business strategy units
The FP&A dimension of Taylor Swift Eras Tour 
Using local macroeconomics to impact business decision-making – from the UK to Singapore and the US
How Television revenues and licensing of big movies saves movie studios 
FP&A swiftness when Kanye West bowed out at the last minute at Coachella 
Using AI to look at past events and ticket sales and performance on a contribution margin basis 
Looking to optimize how we do FP&A and ambitions to become CFO
Links between FP&A and my triathlon career 
Connect with Michael Stotland Vice President, Financial Planning & Analysis at AEG Presents: https://www.linkedin.com/in/mikestotland/
Further Reading:
Rolling Stone: Taylor Swift’s Eras Tour Is the Highest-Grossing of All Time and First-Ever to Hit $1 Billion
Investopedia: Swiftonomics: The Economic Influence of Taylor Swift
Datarails Blog: How FP&A makes Huge Hollywood Hits

Antonio Reza is the Head of Finance for Google Cloud Consulting in Europe, Middle East, and Africa (EMEA). In this episode he reveals the FP&A life and lessons he has learned over the past 14 years working in finance and strategy at Google, Microsoft, and GE. He brings experiences across 10 different countries leading teams across the globe spanning different industries (he also speaks four languages). In this episode he reveals:
How Getting into GE’s finance and FP&A training was life-changing
Why so many tech people like himself are inspired to get into finance 
Country specific differences in finance that he has learnt over his career 
Google in the midst of AI revolution and how we used AI at Microsoft for our commercial forecasting 
How AI in finance is still about automation – with insights the next frontier for FP&A
How FP&A at Google and Microsoft FP&A teams are set up 
Why “Walking  the Shop” remains core to his career in finance
How the biggest companies in the world manage real-time data
Despite the technological avalanche storytelling and persuasion is fundamental at the top tech companies
Why FP&A needs to focus on snapshots vs “real-time” dashboards 
FP&A Need to Ask Why x5 Times: The Secret of great storytelling 
Why I am focused on grasping and applying the economic picture in my work 
My biggest challenges in moving from individual contributor to manager early in my career 
How a  “failure” led to my team and I staying in the office for 56 hours trying to close an audit – and the people skills I learnt along the way 
Why Despite working at Google, Excel still bosses Google Sheets for finance teams
Using your 20s to hustle and have a successful career 
Follow Antonio at X (Formerly Twitter) 48k Followers https://twitter.com/theantonioreza
LinkedIn https://www.linkedin.com/in/theantonioreza/
Subscribe to Antoniio’s Newsletter Money & Robots https://www.theantonioreza.com/
Further Reading
WSJ: Google Finance Head: Anything That Can Be Automated, We Strive to Automate
The Pyramid Principle:Logic in Writing and Thinking by Barbara Minto
Never Split the Difference: Negotiating As If Your Life Depended On It; Chris Voss
The Coming Wave: Technology, Power, and the Twenty-first Century’s Greatest Dilemma; Michael Bhaskar and Mustafa Suleyman

Greg Lopez has served as the CFO and VP of operations at companies including Futurism, a digital media company, Wirecutter (acquired by the New York Times) and Gawker Media (acquired by Univision). Now Greg is a consultant at high-growth companies working with clients ranging from a “family owned business doing $20 million”,  “SaaS businesses doing $10 million a year” to private equity-backed business doing $500 million a year.”

In this episode he provides his formula for success in FP&A and finance:

How a career in finance suited my character traits and passions

Learning the full aspects of finance, FP&A and business partnering

Building to a commercial mindset as CFO

Acting as an investigative journalist for the business  

Why finance needs to lead in defining metrics in a startup

Moving from a bigger company to a startup - what you need to know 

Increasing the feedback loop in finance teams 

Expectations of CFO in a startup 

Favorite KPIs - from contribution margin and profit to Sales cycle velocity

Variables and determining drivers for the business 

One of the biggest finance challenges - developing talent and cyber attacks 

Lightning round: pickup basketball and lessons for finance

Best Excel feature: introducing Scenario planning and modeling using Watch Window 

Contact Greg

@glopeztweets on X

glopez@eventusag.com

Linkedin: https://www.linkedin.com/in/greg-lopez-4b248b88/

Show Notes:

Recommended reading:

How A Hulk Hogan Lawsuit Launched A Career in M&A | Greg Lopez https://podcasts.apple.com/us/podcast/how-a-hulk-hogan-lawsuit-launched-a-career-in-m-a-greg-lopez/id1642784919?i=1000606411968

Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean: Berman, Karen, Knight, Joe, Case, John: 9781422144114: Amazon.com: Books

Startup CXO: A Field Guide to Scaling Up Your Company's Critical Functions and Teams (Techstars): Blumberg, Matt, Birkeland, Peter M., Dorsey, Scott: 9781119772576: Amazon.com: Books

The Ten-Day MBA 4th Ed.: A Step-by-Step Guide to Mastering the Skills Taught In America's Top Business Schools: Silbiger, Steven A: 9780062199577: Amazon.com: Books

Amazon.com: Financial Planning & Analysis and Performance Managem

Getting FP&A teams to harness their data to reach their goals is the holy grail. Nathan Bell, Managing Partner, VAi Consulting, is among the most in-demand experts. Bell has unique experience– having started in computer science, before leading finance teams at Native American Bank, Digital Media Trends and Gartner– where he advised hundreds of FP&A teams facing chaotic data situations). In this masterclass, he shares a practical framework looking at the expectations, fear and hype surrounding data, analytics and AI for FP&A teams.
In this episode:
From a computer degree to leading finance teams
How Nathan discovered the power of telling stories as Chief Credit Officer at Native American Bank 
Overcoming the challenge of presenting to non- financially literate CEOs
The challenge when finance is “last in line” 
When companies don’t have good data and what FP&A teams can do 
“Federated data governance” and avoiding turf battles
why setting up self-service data as CFO came back to bite me 
Using a “metrics cascade” clarifying  data and metrics
Critical thinking as the new superpower for finance teams in the AI age 
Key to setting  up pilot AI programs 
Dinner time when your wife is also a CFO
Key quotes: Remember PPDAC. Problem Plan, Data, Conclusion.
Your Plan, what Data you need to capture against that plan, analysis, and Conclusion.“If you can master that in that order, I think from a skillset, you’re, you’re ready” – Nathan Bell.
Critical Thinking as the new Superpower for FP&A
“Critical thinking is gonna be more powerful than ever. I don’t think there’ll ever be a situation where we’re going to let AI make the decision without going through a human to look at the data. We need to ask what do we do? What’s the action? What’s the decision?”
Connect with Nathan Bell on Linkedin https://www.linkedin.com/in/nathan-bell-1038662/https://vai-consulting.com/

Tory Bauman, Vice President, FP&A at Zayo Group joins new host Glenn Hopper. In this fascinating episode they go deep on FP&A metrics and processes at one of the most exciting companies in telecoms. Tory leads an  FP&A team underpinning business decisions at Zayo whose network stretches over 16.8 million fiber miles and spans 141,000 route miles. With telecoms long at the forefront of technology, Tory explains her cutting edge philosophy around FP&A realizing “ leadership’s strategy and their goals” “closing gaps” and making necessary “pivots”.
In this episode Tory reveals:
Her move from accountant to finance and why she made the switch
How FP&A at Zayo is set up and the main metrics tracked including the importance of being good stewards of billions of dollars in capital investments
Measures for forecasting churn 
Alignment as crucial to business partnering 
Early warning signs and predictive analytics 
FP&A and cost per event on telecoms network 
Using external data and macro side on the pricing decisions 
How Zayo is profiting by providing connectivity and bandwidth in the AI revolution 
How I am trying to develop my experience in capital markets and mentorship 
Why I am not shy about letting people know I want to be a CFO
Her golf career and the impact it has made on her finance goals 
Connect with Tory on LinkedIn

It’s the end of an era. This is Paul Barnhurst’s last episode as FP&A Today host. And in this episode he introduces new FP&A Today host: Glenn Hopper. 

Glenn Hopper is a Chief Financial Officer with two decades of experience leading finance operations for private equity-backed companies. Glenn  is an author and journalist, US Navy Veteran, #1 AI Finance leader, and a passionate advocate for FP&A. 

In this episode:

Glenn’s whirlwind career since he last appeared on the show

Training FP&A on AI 

Why getting started on AI in finance is a painful auditWhy the first stages of AI implementation in finance have nothing to do with AI 

Launching the definitive LinkedIn course for generative AI and finance 

Why it is vital for finance professionals to understand the base of AI 

Glenn’s favorite episode of FP&A Today

Why I decided to become the new host of FP&A Today 

Why there’s no need to hide my Southern accent on the show 

Turning the tables on Paul

Paul’s final message 

Follow Glenn Hopper at https://www.linkedin.com/in/gbhopperiii/

Follow Paul Barnhurst at https://www.linkedin.com/in/thefpandaguy/