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B2B Revenue Vitals

RV218 - Aligning Marketing and Finance for Growth | Go To Market Live Episode 35

Oct 15, 2024
Tom Wentworth, CMO of Recorded Future, shares his expertise on uniting marketing and finance for robust growth. He emphasizes the shift from traditional metrics to impactful KPIs that reflect business health. The discussion explores the importance of financial planning in marketing strategies, especially amid Recorded Future's acquisition by Mastercard. Tom highlights how aligning marketing metrics with organizational goals can enhance board preparations and annual planning, advocating for collaboration and informed budget allocation to drive enterprise value.
46:40

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Aligning marketing metrics with business objectives is crucial for demonstrating the impact of marketing on overall growth and enterprise value.
  • Effective collaboration between marketing and finance enhances annual planning by allowing better resource allocation and informed decision-making.

Deep dives

Importance of Business Metrics in Marketing

CMOs often focus on traditional marketing metrics, which may not effectively reflect the business's overall health. Metrics such as demo requests and website traffic, while valuable for assessing marketing performance, do not provide a clear picture of the impact marketing has on business growth. It is crucial for marketing leaders to elevate their discussions to more relevant business-focused metrics, including return on investment (ROI) and win rates. By concentrating on metrics that matter to the business's growth, marketing can align its strategies with executive-level goals.

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