CFO Weekly Personiv

Automation has been a buzzword in the business world for the past decade. But it's still surprising to see how prevalent manual accounting is, with some companies relying on spreadsheets and paper-based systems to manage their finances. If your business is one of them, do not worry – Jason Richelson will walk you through some of the best automation tools and strategies you can implement to improve your accounting practices.
Jason is the Co-Founder and CEO of Bookkeep, an accounting automation platform for independent bookkeepers, accounting firms, and growing businesses. He is also currently the Owner of Simply Wine and was an EY Entrepreneur Of The Year 2015 Finalist New York Region. Before Bookkeep, Jason was the Founder and Board Member at ShopKeep, Co-Founder of The Greene Grape, and Assistant Trader at Bluefin Trading.

In this episode, we discuss:
-How does Bookkeep help businesses automate their accounting function?
-Revolutionizing the accounting industry
-The benefits of automation for small business owners
-How does Bookkeep handle sales tax calculations and reporting for businesses operating in multiple states?
-Overcoming accounting and sales tax compliance mistakes

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Indirect spending might include everything from office supplies and utilities to marketing and IT services. Managing it is a vital part of the procurement process, as it accounts for a significant share of your company's overall spending. Though it sounds simple, managing indirect spend and procurement processes is challenging. That is why we asked for help from Matthew Smith, Executive Vice President and CFO of Fine Tune.
Matt has over twenty years of extensive executive experience outside of Fine Tune as CFO of Soteria Imaging Services, Executive Vice President and CFO at Cobalt Ventures & Blue, and Executive Vice President at indiGO Auto Group. During those years, Matt was instrumental in helping these companies grow from promising startups to successful businesses.

In this episode, we discuss:
-Why should CFOs care about the "good contract bad deal" phenomenon?
-How do collaboration and communication between procurement, finance, and other departments play a role in achieving true expense management?
-What role do software, data, and analytics play in decision-making and optimizing procurement processes?
-What does the future of procurement look like?

Presented by Personiv

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"The only constant thing is change" is a familiar adage, and the pandemic has exemplified this statement. Businesses worldwide have faced devastating impacts due to the pandemic, leading many companies to make significant operational changes to survive. However, even now, many businesses continue to struggle to remain afloat. As we transition into a post-COVID world, you should explore ways to enhance efficiency and maintain competitiveness. To help us in this pursuit, we discussed with Anupam Satyasheel, the Founder and CEO of Occams Advisory.
Anupam has twenty years of international experience in entrepreneurship, financial and risk management, M&As, due diligence, operational efficiency, and creating and implementing strategic structures and roadmaps. Besides Occams Advisory, he is also the Co-Founder of Child Literacy, EquiPay, and eCheck.Money and the Head Of Operations at Vitruvia Consulting Corporation.

In this episode, we discuss:
-Redefining advisory services for SMBs
-Why do most clients of Occams Advisory are under the billion dollars mark?
-What is the difference between owner-operated versus professional management companies?
-Staying on top of the industry trends and developments
-How will the finance world change ten to fifteen years from now?

Presented by Personiv

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Finance leaders often face a unique set of challenges when it comes to managing risk and making informed financial decisions in high-growth businesses.

With the potential for rapid expansion, they must be able to identify the winning strategies to maximize their chances of success. To learn the art of effective risk management and informed financial decisions, we invited Emil Vasilev.

Emil is the VP of Finance at Hero, a digital in-home healthcare company that helps members manage their daily medication needs. Prior to that, he held several financial roles at companies such as Total Brain, Ride.com, Corsair, and Barclays Capital. Emil also sits on the board of SKY Schools USA and is a meditation instructor for The Art of Living.

In this episode, we discuss:
-How can finance professionals effectively manage risks and make informed decisions?
-Balancing the necessary risk in a startup environment with the controls finance needs to succeed
-What is the role of self-reflection and continuous improvement in achieving peak finance performance?
-How can you adapt and evolve strategies as your company grows to stay relevant?
-Fostering a culture of transparency, accountability, and collaboration within your team
-Ensuring the company has the right resources and personnel to effectively manage finance

Presented by Personiv

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Winning at the finance game requires a specific set of skills. It's not just about financial literacy or accounting; soft skills are equally important. You might wonder what these skills are and how to learn them, but don't worry. Stephen Newland, Director of FP&A at GrowthLab Finance-as-a-Service, got you covered.
Stephen has worked in a finance role at various organizations, including startups, early-stage companies, nonprofits, and Fortune 500s. He earned the Certified Management Accountant designation in July 2022 and has an Honors Bachelor of Business Administration degree in Finance and Accounting from the University of Cincinnati. Before GrowthLab, Stephen held finance roles in organizations like Gravy, Qoins, North Point Community Church, Buckhead Church, Delta Air Lines, and GE.

In this episode, we discuss:
-How does GrowthLab help businesses optimize their finances for growth?
-The importance of learning from mistakes
-What skills are essential in helping finance professionals stand out and advance more quickly within their organizations?
-How can finance professionals develop soft skills early on?
-How can you build relationships and win over the trust of leadership?
-Creating a plan for personal growth

Presented by Personiv

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In this episode of CFO Weekly, Carl Seidman, Interim CFO and Finance Director at Seidman Financial joins Megan Weis to discuss the importance of integrating finance into the overall business and operations, how to transform your FP&A, and the four pillars of success for companies. He also shares his approach to helping companies develop financial professionals into more powerful performers and build FP&A functions so that financial intelligence drives organizational success.
Carl is a trusted business advisor specializing in FP&A, business strategy, and finance transformation. He advises Fortune 500 and middle market companies, helping establish effective FP&A practices, processes, and teams. At the same time, Carl supports financial professionals, positioning them for greater control over their careers by helping build their confidence while eliminating time-wasting activities and mistakes. He is also an Adjunct Faculty Member of the American Management Association and a Senior FP&A Instructor at Wall Street Prep.

In this episode, we discuss:
-What does transforming FP&A look like?
-What are the four key pillars of FP&A?
-What's the difference between the FP&A function in small versus large organizations?
-Why is there a need for FP&A professionals to be entrenched in other business functions' operations?
-How does technology make finance a seamless part of a company's operations?
-How can finance leaders promote financial responsibility and accountability cultures?

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