Bastienne Foeller

🌟 Top 5 Priorities for CFOs in 2024 🌟 Gartner’s latest CFO priorities for 2024 are spot on! Looking forward to discussing these key areas with the finance community and my team in the next few weeks. Leading Transformation Efforts: With 70% of finance transformations moving slower than expected, it's crucial for us to steer these initiatives effectively. Evaluating or Improving Finance Strategy and Design: Over 40% of finance roles will be new or significantly reshaped by 2025. Enhancing Finance Metrics, Insights, and Storytelling: We must improve how finance communicates its impact. Driving Change Management: Successful transformation relies heavily on effective change management. Optimizing Costs: Despite increased focus on cost management, 81% of CFOs plan to boost technology investment. Points 1 and 2 didn't surprise me at all. Point 3 was a pleasant surprise - "Self-knowledge is the first step to improvement". I also have high hopes for point 4. Point 5 made me laugh. Are you surprised by any of the points? Which point is your favorite? Is it also point 3? Or are you opting for option 5 and requiring your colleagues to reduce expenditure? Sandra Küst Maurice Henry Büttgenbach Andrej Jurga Jana Vetrichová I'm excited to see what stories we can tell .... #CFO #FinanceLeadership #DigitalTransformation #FinanceStrategy #CostOptimization #GartnerFinance

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CFOs, what are the characteristics of high-performing finance teams? In this week’s episode of For the Love of Finance, Tanja Fischer shares her insights: ✅ Culture of trust and empowerment  ✅Adaptability  ✅Clear communication Finance leaders should prioritize these elements for a successful finance team who can drive growth & scalability. 🎧 Check out the full episode for the rest of the insights: https://lnkd.in/d6JZYH7F #finance #podcast #growth #fintech #leadership #scaling #cfo

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When your CFO leaves: relying on an interim CFO for financial stability The departure of a CFO can cause turbulence in a company, and until a new one is hired, it might make sense to bring in an interim CFO. Here is a brief article that discusses this topic. https://lnkd.in/gnpbHrfH

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“Of course, we have the right in-house expertise for our funding!” “Our controlling team handles this!” The CEO of a mid-sized company told me in a phone call yesterday. This is one of the worst things that can happen to your business when it comes to funding. Why? Because most controlling teams focus on business profitability, the right KPIs, and business trends, rather than on cash or funding. And in 9 times out of 10, they have never dealt with complex topics such as Asset-Based Finance. This [1] is an underestimated risk for your company: -> They do not view the assets like funders do and often fail to validate them properly. -> They lack the market knowledge to identify the right funding partners and options. -> They make wrong decisions because they are not aware of the contract T&Cs and market rules.   If you want the right financing strategy and solution that best fits your business goals… you need an expert with deep, first-hand experience in Asset-Based Finance. And meets you where you are:  -> Gets a quick overview and understands your current (financial) situation.  -> Knows which potential funding partners are the right fit for your funding need.  -> Ensures that you get the best deals to meet your business goals. You will be pursuing the wrong funding strategy unless you pay attention to these points. And if you wait until the 4th quarter of the year, you may be too late. ✍ Agree or disagree? PS: If you found this helpful, repost this ♻️ so others can benefit, too. PPS: If you want to know more about Asset-Based Finance and its options, follow me. 🔔 #assetbased #finance #LeasingPilot #leasing #corporate

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Dear CFOs: Firefighting Is Killing Productivity and Company Growth   In a recent poll, 61% of respondents said that putting out daily fires is the #1 reason why work is delayed and takes longer than planned.   I’ve spent over 20 years in corporate finance and accounting, accepting that firefighting was just part of the job. Fix one problem, and another pops up. It seemed like a never-ending cycle.   But I didn’t realize how damaging this was to careers, salaries, and professional growth.   Why is firefighting harmful?   💥We deal with fires every day but rarely get credit for it. In fact, we’re often penalized.   "You didn’t finish your projects, so no bonus." Sound familiar? At year-end, we scramble to justify our time, digging through emails and writing essays about all the extra work we did outside the original projects and goals.   💥 The real cost? Daily fires pull us away from strategic projects—slowing both business and personal growth.   Projects challenge us to learn, problem-solve, and collaborate. Simply put: projects grow companies and people.   💥Firefighting also fuels stress, burnout, and kills morale.   It robs employees of the time and energy needed for skill development and long-term career advancement.     The solution? Visibility.   We need to capture the firefighting work—where it came from and how long it took. This must become part of our daily process.     Why visibility?   Visibility allows us to pinpoint and prevent fires, gives credit where it’s due, and frees up time to focus on value-added work.       CuroWork's mission is to transform cost centers into profit centers.   #FutureOfWork #BusinessTransformation #CFOInsights #ProductivityHacks

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6 Kommentare

Today’s CFO is more than a financial gatekeeper—it's a strategic leader driving growth and innovation. As businesses adapt to digital transformation and market shifts, CFOs are now key players in shaping company strategy. We're leveraging advanced analytics and AI for real-time insights, influencing decisions beyond finance. A next-gen CFO fosters cross-functional collaboration, ensuring alignment between financial, operational, and technological functions. In a fast-paced world, agility and forward-thinking are crucial for long-term success. The modern CFO is a catalyst for change, a data-driven storyteller, and a visionary leader. #NextGenCFO #Leadership #FinancialStrategy #Innovation

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Most CFOs waste their time when looking for the right funding. They focus on things like: “Where can we get the cheapest deal?” “What are the most attractive interest rates?” "How quickly can we get the funds from our banks?" These things are not the most crucial points to consider. Don't be that CFO. Do your homework. And instead, focus on the right questions: "What type of financing (mix) is right for us? "Which lender has experience in our industry?" "What pitfalls do we need to be aware of in the contract? "How will this funder support our long-term strategic goals?" The point of funding is to get the best deal with the right financing partner that fits your business goals. Not agreeing to the perceived next best deal with the least amount of effort to somehow get it done quickly. Agree or disagree? PS: If you want to know more about Asset-Based Finance and its options, follow me. 🔔 #assetbased #finance #cfo #funding #factoring #leasing #hirepurchase

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The role of CFOs is evolving, with a new responsibility emerging in 2025: managing not just financial currencies like dollars and euros, but also carbon accounting. This shift highlights the strategic importance for CFOs to go beyond mere compliance and incorporate carbon management into their strategic decision-making processes. By doing so, CFOs can position their companies for a competitive advantage in the evolving business landscape. In this new landscape, CFOs are pivotal in ensuring effective carbon compliance, accurate reporting, and aligning carbon management with their company's strategic objectives. However, they face unique challenges across different industries, requiring tailored approaches to address specific needs effectively. To navigate these challenges, CFOs must have access to accurate and detailed carbon data. Leveraging tools like ERP systems can aid in integrating carbon accounting seamlessly with financial reporting, enabling better decision-making and compliance. While regulatory compliance remains crucial, CFOs are encouraged to shift their focus towards creating value through proactive carbon management strategies. Implementation of effective carbon management practices involves establishing clear data processes, consistent procedures, and utilizing the right tools. CFOs should ensure their organizations are well-prepared to meet the evolving regulatory and market demands in the realm of carbon management. For more detailed insights on this transformative role of CFOs in managing carbon accounting, you can explore the full article at the provided link: [Managing Carbon: A New Role for the CFO](https://lnkd.in/eSxDBprs)

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The Finance Function at a Crossroads: Stability vs. Innovation. Can DATEV Bridge the Gap? In today's rapidly evolving digital landscape, the finance function faces a crossroads. We can either cling to outdated practices such as searching for documents in the archive in the attic, or embrace innovation and transformation. We're taking a critical look at DATEV to see if it can be our digital transformation partner. DATEV: A Legacy of Stability Let's be honest. DATEV isn't exactly the epitome of cutting-edge technology. But that doesn't mean it can't be a valuable tool. Stability and reliability are crucial in finance, but so is agility. Digitalization: The Key to Agility Professor Prof. Dr. Robert Mayr, CEO of DATEV eG, nailed it when he said, "Digitalization is the foundation for being able to react more flexibly and quickly to changing requirements and ensures greater resilience in uncertain times." Indeed, digitalization is the key to unlocking agility, efficiency, and a competitive edge. It's about automating mundane tasks, leveraging data for informed decision-making, and fostering seamless collaboration. Collaboration with C&P Capeletti & Perl Gesellschaft für Datentechnik mbH To ensure that we leverage the full potential of DATEV, we are working with the consulting experts at C&P, in particular Jens Hellmold and Philipp Klöpper. Their knowledge and expertise accompany us on this path of transformation and help us to make DATEV an important enabler of our strategic goals. Cc: Kristin Könnecke Annette Schiering Markus Hoffmann Daniel Caspar Meryem Loukili Sandra Küst Maurice Henry Büttgenbach Desiree Schrön Hamburger Revisions-GmbH What are your thoughts on DATEV? Have you explored it for digital transformation? #futureoffinance #accounting #digitaltransformation #DATEV

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5 Kommentare

Really enjoyed joining CJ Gustafson on the Run the Numbers Podcast and discussing key considerations and opportunities for CEOs and CFOs for an effective global expansion strategy. Take a listen to find out what you need to know and how you can tap into EOR and AI to achieve your goals leveraging faster, cheaper and more flexible solutions (G-P). Thank you for having me on, CJ! #GlobalExpansion #CFO #CEO #EOR #AI #PodcastDiscussion

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Discover the unexpected edge manual processes bring to financial innovation!💡💰 #FutureOfFinance Think again if you believe automation is the ultimate frontier in finance💻🚀. In an age where algorithms and bots dictate the pace, there's a quiet revolution brewing🔮🔌. A renaissance of manual processes, not for nostalgia, but as an unexpected catalyst for innovation🔬🎨. Why? Because creativity is inherently human🧠💫. Manual processes force us to slow down and think deeply, and often lead to those 'eureka' moments that machines can't replicate🤔⏳. They bring a level of scrutiny and personal touch to the data that software often glosses over🔍✍️. Consider the last time you actually crunched the numbers by hand or drafted a report without predictive text📊📝. Frustrating? Perhaps. Enlightening? Absolutely✨. Also, it's important for finance professionals to remain grounded and have good knowledge of the basics, the fundamentals and the principles. It's very easy in today's world of high automation that the same is lost This isn't a call to abandon technology but to blend the best of both worlds🌍. To innovate, we must not fear stepping back, re-evaluating our overreliance on automation, and integrating manual insights that add depth and creativity to our financial strategies💡💰. The future of finance be a harmonious blend of manual ingenuity and automated efficiency🤷‍♀️🗣️? Hi, I am Asheesh Chatterjee a CA, CMA 9India &UK) and an alumnus of Kellogg School of Management, I love talking about building blocks for the next level of growth and excellence #CFO #transformation #CEO #leaders #CHRO

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It's not easy for VCs to deliver liquidity in this market, but late last year we created a new type of secondaries transaction with StepStone Group that has been a win-win-win for us, them, and portfolio founders. Big thanks to Mike Breaux and the Stifel Financial Corp. team for a great conversation about what went into this deal. Check out the article here: https://lnkd.in/ece_CEe9

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It is official: I am starting my career as a Fractional CFO with my new venture, Blend2Balance, bringing growth through technology & global expertise. 🚀✈️🌍 After over a decade of navigating financial landscapes in international companies, I am transitioning to an entrepreneur! This presents a unique set of challenges and opportunities. I am excited to embark on this journey, where I can bring more tailored, flexible, and strategic financial leadership to businesses ready to grow and adapt. Reflecting on my last five years at Softeq, it has been a remarkable adventure filled with innovation and an entrepreneurial spirit. The incredible colleagues and the dynamic environment have inspired me to take this leap and offer a service where finance meets innovation. Special thanks to Chris Howard – my former boss and mentor. In Softeq my risk tolerance increased to the level where I can start a business and accept an uncertain but bright future. 🔆😎 I believe in the power of networks, so I am asking for your support. If you know companies or entrepreneurs looking for experienced financial guidance integrated seamlessly with their existing teams, please recommend my services. Your support can do magic! 🪄 Additionally, as an AI enthusiast, I continue to dive deep into the capabilities of artificial intelligence and its applications in finance. I am excited to bring this cutting-edge perspective to my services, enhancing decision-making and strategic planning with the latest AI insights. Thank you for being part of my network. What an exciting road ahead! 🛣️ #FractionalCFO #Entrepreneurship #ArtificialIntelligence #NewBeginnings #AIinFinance

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So what can we learn for Paris Olympics medal count? 🥇 ...🌍𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧: In the world of finance, we often discuss the benefits of 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐞𝐬 𝐨𝐟 𝐬𝐜𝐚𝐥𝐞—how larger operations can reduce costs and improve efficiency. But when we apply this concept to Olympic success, an interesting trend emerges: sometimes, smaller is better. Take a look at countries like Uzbekistan and Kenya, These nations may have modest GDPs and populations, but they punched above their weight in the Olympic Games. Their secret? Specialization. By focusing their limited resources on niche sports where they have a competitive advantage, they achieve remarkable "ROI". Mid-sized nations, such as New Zealand and Hungary, offer a compelling counterpoint. They balance specialization with diversity, leveraging economies of scope to excel across various sports. Their ability to diversify while still maintaining focus allows them to achieve high medal counts with efficiency. So, what can businesses learn from this? In a world where bigger often seems better, specialization—focusing on your strengths—can deliver superior ROI. And for those who can, diversifying strategically allows you to benefit from both scale and scope. Efficiency isn’t always just about size; it’s about smart allocation, focus, and knowing where we can make the biggest impact. data source for medals count ,population and GDP: https://lnkd.in/gJx6XVFf

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“Gut it!” Invest or Divest? M&As are back, big time! A lot to come in the next 12 months with upcoming consolidations Historical stats from companies that have executed multiple M&As indicate 85% of M&As fail. Only 1 out of 7 is a winner. for others the stats are even worse Due diligence requires a diligent analysis of every bit of information, tech & data across every single department. As you evaluate synergies, look beyond cost structure, GTM & Product combo. since what seems to be great on paper does not always translate to a perfect reality Data as always is still king but Data alone will not cut it, you need to truly get familiar with the culture & team, what drives them, are they minded and how will they operate on day 1 together as one happy family This way or the other, ensure you go for the right target and stick to your decision, the magnitude of flipping the decision late would be expensive

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Lots of articles and LinkedIn chatter about finance talent shortages and CFO turnover. There's more than enough theories as to what's causing the shift in numbers, but it is an inarguable fact that the next generation of finance leaders are far removed from the 'bean counters' of previous days, and they are eager to develop their careers beyond day-to-day routine tasks. Prophix is hyper-focused on giving this next gen finance pro the space and time to grow while still delivering on the core processes that make the office of the CFO hum. Register for our upcoming webinar "Strategy over Spreadsheets: Building the Next Generation of Finance Leaders" and we'll share more about the careful balance of value and performance that will shape this new wave of highly-skilled and highly-engaged finance professionals. 🗓️ Date: September 25, 2024 🕚 Time: 11 AM EDT | 4 PM BST | 5 PM CEST Hear from industry experts like Bryan Lapidus, FPAC, Brandy L., Jodi Schultz, and Chris Porter. Don’t miss out—register today! 🚀 https://ow.ly/JJjs50T80WR #FinanceLeadership #NextGenFinance #Webinar

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We've just launched "The State of DACH Private Equity 2024" report! After an exciting visit to see prospects, customers, and partners in Germany 🇩🇪 this week I've been reflecting on the huge opportunity for DACH HQ'd Investors and Advisors to maximise the potential of the DACH market in the coming years! 📈 This report provides an in-depth analysis of the PE landscape across the DACH region, offering insights on entries, exits, investor activity, portfolio performance and more. Key findings include: 📌 PE-backed entries in DACH have rebounded to pre-pandemic levels, though deal activity remains slower compared to the Rest of Europe. Add-on activity remains robust and at a multi-year high. 📌 Exit activity in DACH has stabilized, with strategic exits accounting for half of all exits. IPO exits also seem to be coming back after a very subdued 2022. 📌 Advent International emerged as the largest global investor in DACH with an estimated EV of €18.2bn in the region, followed by Cinven (€13.3bn) and CVC (€12.7bn). 📌 Partners Group, ACP | Allianz Capital Partners, and DWS Group have emerged as the largest DACH HQ’d investors followed by Deutsche Beteiligungs AG and Bregal Unternehmerkapital . 📌 PE-owned assets in DACH show strong growth. Industrials make up the largest share of DACH PE-owned assets (+12pp vs. Rest of Europe). View the full report: https://okt.to/6ra30s

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From my own bakery to strategy consulting, start-ups to CEO of enua I realized early on that I wanted to go my own way. At 19, I opened the first self-service bakery in Bavaria named Backblitz, where I learned firsthand what it means to take responsibility, take risks, and build something from scratch. This experience sparked my entrepreneurial spirit, which still drives me today. Afterward, I moved into strategy consulting at Roland Berger, where I learned how to execute a SWOT analysis, prepare MECE PowerPoint slides and how to interview people within corporates to understand their challenges as quickly as possible. But I quickly realized that I didn’t just want to advise – I wanted to make decisions and shape outcomes. That led me to found CityDeal (later Groupon) together with Rocket Internet SE Rocket Internet. We scaled the company at an incredible speed, and while it was full of highs and lows, I learned the importance of structure and focus in fast-growing markets. Later, I founded mysportgroup and discovered my passion for innovative and transformative business models as well as for performance marketing and brand in the gaming space with ad2games and Combostrike. After a very successful buildup of the real estate marketplace Musterhaus.net GmbH as biggest player in Germany followed by an exit to the Funke media group in 2021, I planned to take a break after two years of earn out – but then I met enua 🙂 The strong pioneer mindset of the founders Lars and Markus, their min max mindset which driven by very limited financial resources, combined with passion and my strong execution experience, resonated deeply with me. It’s about breaking a stigma and revolutionizing an industry, helping people live better, healthier lives. This drive, alongside my belief that hard work, clear values, and bold vision can change an entire industry, brought me to where I am today – and I love it. What drives you and brought you to your current position? #Entrepreneurship #Cannabis #MyJourney #Learnings

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A masterclass in how CFOs can think about expanding internationally 👇🎧

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2 Kommentare