Greg Kautz and Kevin Appleby discussed the challenges of lease accounting and the need for technology to streamline these processes. Greg highlighted the benefits of automating lease accounting, while Appleby questioned the need for separate accounting rules for lessees and lessors. Later, the pair discussed the benefits of leasing assets for business growth, emphasizing the importance of considering leasing as an option for expansion. Finally, they discussed the challenges of fundraising in the current market, with Greg sharing their company's journey and Appleby providing insights on market conditions.
Key topics covered include:
Greg Kautz's career transition from finance leadership roles to co-founding a lease accounting software company with his son
An overview of the lease accounting software they developed called Black Owl Lease Accounting, which aims to solve issues with existing solutions
A discussion of lease accounting standards and why lease accounting is important for businesses
How they developed the initial prototype, hired staff, and grew the company
Challenges they faced finding the right technical staff
Their plans for future fundraising, global expansion, and growth of the company
Reminiscing about the early days of accounting before technology from Kevin Appleby and Greg Kautz's perspective
https://youtu.be/gCOyz10LBp4
Links
Greg Kautz on LinkedIn
Kevin Appleby on LinkedIn
GrowCFO Mentoring
Timestamps
0:00 - Introduction of Greg Kautz and his career transition
4:20 - Overview of lease accounting software Black Owl Lease Accounting
7:30 - Discussion of lease accounting standards and importance for businesses
11:00 - Developing the initial prototype and hiring staff
14:15 - Challenges finding the right technical staff
17:10 - Future fundraising plans and market growth
19:50 - Reminiscing about early accounting days before technology
26:50 - Selling the software to CFOs and other buyers
29:15 - Greg Kautz's future plans and not retiring anytime soon
Find out more about GrowCFO
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Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here.
You can find out more and join today at growcfo.net
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