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This week on the Expert Voices podcast, Randy Wootton, CEO of Maxio, speaks with Dan Owens, CFO of Maxio, about the disruption of the Office of the CFO and the changing role of the CFO. Dan shares his insights and experiences from working with various portfolio companies and PE firms, highlighting the importance of data organization, the challenges of managing multiple systems, and the need for tech savviness and adaptability in the modern CFO role. Dan discusses the value of soft skills, such as leadership and communication, and the integration of sustainability in finance operations.
Listen this week as Dan gives recommendations for those starting their careers in finance and shares his favorite and most misunderstood metrics in the SaaS industry.
Quotes
Expert Takeaways
Timestamps
[01:16] Dan's experience with portfolio companies and the need for better data organization
[08:17] Changing skill set of CFOs: tech savviness, soft skills, and integration of systems
[01:06] Importance of data architecture and interoperability between systems
[13:33] The value of bi-directional data sharing across departments
[14:17] CFOs transitioning from back office to front office roles
[17:41] The benefits of using the Maxio solution
[20:19] The shift towards analysis and providing insights in finance
[22:38] Balancing technology investments with ROI considerations
[26:06] The importance of bringing people together in a remote team
[27:39] Budgeting for internal use software
[31:46] Favorite SaaS metric: Gross retention
[33:07] Most misunderstood metric: Leverage ratio
[34:29] Cash engine and growth engine in a business
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