Tapping into Technology with Bijan Moallemi, Co-Founder and CEO of Mosaic
Apr 28, 2022
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Bijan Moallemi, Co-Founder and CEO of Mosaic, discusses the importance of automation and freeing up time for strategic tasks in finance. He emphasizes the significance of scenario planning in uncertain times and the transition from finance professional to CEO. The challenges of communication and collaboration in a remote-first environment are highlighted, along with advice for aspiring CFOs on building relationships and developing technical skills.
Finance teams should focus on being technical and have the ability to set up databases, automate workflows, and use code to connect business systems, allowing for more strategic analysis and decision-making.
Mosaic Tech's platform automates reporting and analysis workflows, providing real-time data and scenario planning capabilities, enabling finance professionals to spend less time on manual tasks and more on strategic analysis.
Deep dives
Creating a Strategic Finance Team
Bijan Molome, CEO of Mosaic Tech, shares insights on creating a strategic finance team. He discusses the importance of being technical and having a finance team that can set up databases, automate workflows, and use code to connect business systems. By being more technical, finance teams can free up time for more strategic analysis and decision-making.
The Journey of Mosaic Tech
Bijan Molome talks about the journey of starting Mosaic Tech. He explains how the idea for the company was born out of his own experiences at Palantir and other high-growth VC-backed companies. Recognizing the need for technical finance teams and better tools for CFOs, they created Mosaic to automate workflows, provide real-time data, and empower finance leaders.
The Role of Data in Finance
The podcast highlights the importance of data in finance. Mosaic Tech focuses on data ingestion and normalization, allowing finance teams to make sense of various data sources. The platform automates reporting and analysis workflows, enabling finance professionals to spend less time on manual tasks and more on strategic analysis. Real-time data and scenario planning capabilities also contribute to effective decision-making.
Building a Remote-First Organization
Being a remote-first company, Mosaic Tech discusses the challenges and advantages of this approach. While remote work offers access to a diverse talent pool and allows for greater recruitment and retention options, maintaining cohesion, trust, and effective communication become more crucial than ever. Mosaic Tech emphasizes the need to be intentional about building culture, fostering connections, and providing opportunities for in-person interactions.
Bijan Moallemi has nearly a decade of experience building and leading finance functions at companies like Qualcomm and Palantir. He knew CFOs deserved access to better tools, so he co-founded Mosaic Finance to build the next generation of finance software for CFOs and their teams. Born out of their own experiences in finance, Bijan and his co-founders have built the Mosaic platform as a resource that combines big data and machine learning to provide powerful predictive reporting capabilities.
To be a successful CFO, Bijan feels you need the tools and basic technical skills to support your business now and to plan for the future, while reducing the effort required by your team to achieve your goals. He thinks CFOs have historically been underserved, and financial professionals deserve accessible tools that save time and money, while providing key insights and analytics to better your business.
Bijan believes that improving workflows that are self-serving, rather than adding to your list of responsibilities, will free up your time and provide more information to make more educated decisions. He feels it is important to have an application like Mosaic that can accomplish that by providing real-time analysis and reporting, giving you perspective on your company’s past, present, and future. Adding automation to data ingestion and processing can help focus your business forecasting and scenario planning to be ready for anything that may come up.
In this episode of The CFO Playbook, Bijan explains why it is more important than ever to understand the financial ins and outs of a business to make sure you know exactly what's going on within your organization. He talks about how Mosaic offers a tool that can help financial professionals as they process through pain points with data and analytics, allowing for a faster and more focused financial team that can make a bigger impact on the business. Bijan also explains why he thinks communication, collaboration and culture building are keys to success, and talks about the benefits of opening up your company to a remote workforce as a way to ensure you have access to the best talent pool.
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