Tom Kirby, CEO and founder of Prepped, shares vital insights for newly appointed SaaS CFOs. He discusses crafting a 90-day ramp plan to effectively establish roles and relationships in the company. Tom emphasizes the importance of understanding financial KPIs and company dynamics. Strategies for audit readiness, proactive management, and navigating remote communication are highlighted. Additionally, he focuses on the need for community support and networking to ensure a smooth transition into the finance leadership role.
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volunteer_activism ADVICE
Due Diligence is Key
Do your due diligence and ask tough questions when considering a new finance leadership role in SaaS.
Understand the existing financial landscape and potential challenges before accepting the position.
volunteer_activism ADVICE
Align on Success
Understand the company's definition of success and ensure it aligns with yours.
Inquire about the biggest challenges and concerns facing the business.
volunteer_activism ADVICE
Find Your Brand of Crazy
Understand the company's existing issues and assess if you can resolve them.
Find a company whose "brand of crazy" matches yours, as challenges are inevitable.
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Welcome to a new episode of the Modern SaaS Finance Podcast hosted by David Appel, head of Software/SaaS at Sage. This is episode 5 of our Learn on the GO series from the recently launched Modern SaaS Finance Academy: "How to Hit the Ground Running in Your First 90 Days as a SaaS Finance Leader."
Starting a new role as a finance leader in the SaaS industry can be both exhilarating and challenging. The first 90 days are critical for setting the foundation of success and making a lasting impact. In this episode, David Appel shares invaluable insights and practical strategies to help you navigate this crucial period with confidence and effectiveness.
Join us as we explore the essential steps to hit the ground running in your new role. We will guide you through creating a 90-day plan, understanding your organization's financial landscape, building relationships with key stakeholders, and identifying areas for improvement.
Discover how to assess the current state of your finance function, establish clear goals, and prioritize initiatives that will drive growth and optimize operational efficiency. David shares tips on leveraging technology, automating processes, and implementing best practices to streamline financial operations and make an immediate impact.
Listen to the full episode and get ready to thrive as a finance leader in the dynamic world of SaaS.
Please NOTE: These episodes are not CPE credit eligible. Join us on the academy to enroll in our full course line up and learning path options that offer globally recognized badges, CPE credits and so much more! If you are yet to enroll on the academy, join us for FREE today! About the Modern SaaS Finance Academy
The Modern SaaS Finance Academy is an always-on, free curated learning experience designed to educate SaaS finance leaders and experts on subscription and usage billing models, accounting, revenue recognition, SaaS metrics, forecasting and other key functions on driving the cash flow and trajectory of a firm on its path to IPO.
For more episodes on the Modern SaaS Finance, subscribe to our podcast channel on any major streaming platforms including Spotify, Apple Podcast, Google Podcast, Amazon Music, Audible, etc. If you are a SaaS finance leader or expert and will like to join our Modern SaaS Finance community, click here to request access.Explore more SaaS finance tips and best practices here.
Modern SaaS Finance with Sage