Streamlining Financial Insights in SaaS Operations

In this episode, CJ interviews Justin Coulombe, the CFO of Miro. Apart from his “less but better” philosophy where he encourages listeners to strategically divest from less important things to focus on what’s most impactful, he also shares a wealth of profound advice on being an effective CFO in SaaS. He explains Miro’s approach to blending data from usage patterns, predictive modeling, and AI to identify upsell opportunities, prevent churn, and enhance customer retention. The discussion dives into the company’s unique combination of product-led growth (PLG) and human-touch sales motions, exploring how to harness both while avoiding internal channel conflict. Justin also offers his perspective on the per-seat pricing model, why it still works for Miro, and whether outcome-based pricing is the future. Drawing on his experiences leading major transformations at Autodesk, Box, SurveyMonkey, and now Miro, he provides a framework for CFOs navigating business model transitions and explains why they fail. He also shares bold takes on SaaS business practices that need rethinking and his thoughts on how to balance growth and profitability in SaaS.

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SPONSORS:

RemoFirst is a full-service Employer of Record solution that handles all your global employment needs. RemoFirst can help you navigate the maze of regulations and logistical challenges to onboard employees and contractors from anywhere in the world and streamline payroll, taxes, and compliances. Get two months free on EOR fees for your first hire in any country by visiting RemoFirst.com/metrics.

Mercury is the fintech ambitious companies use for banking and all their financial workflows. With a powerful bank account at the center of their operations, companies can make better financial decisions and ensure that every dollar spent aligns with company priorities. That's why over 100K startups choose Mercury to confidently run all their financial operations with the precision, control, and focus they need to operate at their best. Learn more at mercury.com.

Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.

NetSuite provides financial software for all your business needs. More than 40,000 companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅, head to NetSuite https://netsuite.com/metrics and get the CFO’s Guide to AI and Machine Learning.

Operators Guild is where the best CEOs, CFOs, VPs of finance, and BizOps leaders in the business connect, network, and grow together. Built by operators for operators, this members-only community is home to more than 1000 of the most elite high-growth operators in the world. Experience connection and knowledge share with professionals who understand you like no one else does. Learn more and apply at operators-guild.com.

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TIMESTAMPS:

(00:00) Preview and Intro

(01:58) Sponsor – RemoFirst | Mercury

(04:13) An Intro to Miro

(05:47) Justin’s Framework for Using Data to Drive Outcomes

(12:09) The “Less but Better” Philosophy

(14:34) Examples of Divesting from Things

(16:54) Sponsor – NetSuite | Operators Guild | Maxio

(21:49) Slowing Down to Speed Up

(22:51) How to Say No Gracefully

(25:43) Maintaining Standards While Encouraging People to Take Risks

(28:16) Using Usage Patterns to Drive Monetization

(30:07) “Sticky Installation” – Meeting the Customer Where They Are

(32:41) Blending Self-Serve PLG and Field Sales Motions

(37:16) Per Seat-Based Pricing Versus Outcome-Based Pricing

(42:08) Why Seat-Based Pricing Model Works Miro

(44:08) Advice for CFOs Navigating Major Transitions in Their Business Models

(47:41) The Reasons Business Transformations Fail

(49:25) SaaS Business Practices from the Last Decade That Need Rethinking

(53:02) The Trade-Off Between Growth and Profitability in SaaS

(56:00) Long-Ass Lightning Round: A Poor Hiring Decision

(59:34) Finance Software Stack

(01:00:51) Craziest Expense Story