"Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy

E25: What Separates Good From Great Treasury, with Eugene Spevakov

Sep 26, 2024

Eugene Spevakov, a treasury expert and veteran CFO, shares his insights on effective treasury operations. He discusses how treasury functions vary across industries, highlighting the importance of cash management and risk assessment. Eugene explains when startups should hire treasury personnel and what differentiates great treasurers from the rest. He emphasizes continuous learning and adapting to global financial challenges while leveraging treasury to drive growth and strategic allocation of risk in uncertain times.

53:16

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Episode guests

Eugene Spevakov

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Quick takeaways

Effective treasury management balances immediate cash flow needs with long-term growth investments, playing a vital role in financial health.

Risk management is essential, requiring companies to prepare for unlikely events while creating informed strategies to mitigate financial impacts.

The treasury function's structure varies greatly by industry, necessitating tailored approaches to manage unique cash flow and risk circumstances.

Deep dives

The Role of Treasury in Business

Treasury departments play a crucial role in managing a company’s financial resources and mitigating risks. They ensure that there is enough cash available to meet short-term obligations while also facilitating investments in long-term growth. This function is vital for compliance with financial regulations, helping the company avoid legal issues and protect its reputation. Properly managed treasury operations can significantly contribute to establishing a financially sound and enduring business.

Intro

2min

Understanding Treasury and Risk Management

12min

Distinguishing Great Treasury Operations

2min

Navigating Treasury Management in Software Companies

11min

Embracing Continuous Learning in Treasury Management

2min

Establishing a Treasury Function

22min

In this episode, Sasha Orloff is joined by Eugene Spevakov, the Treasurer and Head of Corporate FP&A at 6sense, treasury expert, and veteran CFO. Sasha and Eugene dive deep into the Treasury function: how it differs across industries, how a scaling startup will know when it’s time to hire for the role, how to structure the function, and what separates a great treasurer from merely good. Eugene offers a masterclass on leveraging treasury to drive growth, improve cash flow, and allocate risk strategically in an uncertain world.

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🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel.

Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937

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SPONSORS:

ANROK is the enterprise-grade solution that automates sales tax compliance worldwide. Anrok tracks your exposure, calculates tax, and handles filings—all in one platform. Visit https://www.anrok.com/turpentine to claim your free nexus study and take control of your SaaS tax strategy.

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LINKS:

https://www.linkedin.com/in/eugene-spevakov-cfa/

6sense: https://6sense.com/

X/SOCIAL:

@sashaorloff

TIMESTAMPS:

(00:00) Preview

(00:49) Intro

(01:14) Understanding treasury

(02:22) Meet Eugene Spevakov: A treasury expert

(03:39) Basics of treasury functions

(05:40) Real-world treasury challenges and risks

(09:12) Industry-specific treasury insights

(14:07) Sponsors: Anrok | Netsuite

(16:30) Treasury in software companies

(22:32) Risk management and allocation

(27:29) Sponsors: Metaview | Omneky

(28:58) When to hire a treasury professional

(30:07) Understanding and managing business risks

(32:40) Challenges and solutions in treasury functions

(37:08) Role and excitement of treasury

(43:12) Tools and resources for treasury management

(47:40) Advice for building a treasury function

(50:32) Wrap

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"Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy

E25: What Separates Good From Great Treasury, with Eugene Spevakov

Episode guests