Claus Petersen

🚀 Next-level CFOs! 🚀 Nordic Minds, we are seeing firsthand how the role of the CFO is undergoing a complete transformation. Today, they are not just the number crunchers, but true strategists, innovators and sustainability heroes!   🤔 What does that mean in practice? Here are 4 expanded role models for CFOs:   💂🏻‍♂️ The CFO as “Guardian” of integrity and responsibility 📊 The CFO as “Efficiency Champion” of operational efficiency 🔮 The CFO as “Visionary Strategist” of future-oriented plans and innovation 🔄 The CFO as “Transformation Leader” and catalyst for change   Curious to learn more about the role and its future? 📈🌍 Christian Hoppe, Associate Partner at Nordic Minds, shares valuable insights.   👉 Read our latest blog post and discover how CFOs are shaping the future and maximizing their potential!   #CFO #Leadership #Finanzen #Digitalisierung #NordicMinds

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Is it time to upgrade your finances? Check out our financial performance review! #cfo #cfoservice #fiancecheck

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Networking can definitively bring added value! I am very happy that i could attend the CFO DACH meeting over the last 2 days hosted by the The Network Group It was a nice opportunity to catch up with other CFOs of the region and discussed various topics such as 🎯usage of AI in general for finance team (ChaptGPT as advisor for processes, Copilot utlisation by other companies…) 🎯AI applied solution on transfer pricing documentation (that could save time and quiet some money!) 🎯soft skill update on story telling, leadership, mental strenght/resilience, as well as some updates on ESG 🎯having many great conversations on day to day challenges and exchange of ideas with other attendees Overall a nice learning opportunity and a good way to catch up on the latest trend in the CFO world 😉 PS you can even see below that CFO meeting is not totally boring 😁

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Interesting article about what AI is really all about: https://lnkd.in/e9CKhDHJ It looks like it's going to be in German but it's not - the article text is in English. #AI

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How to measure success in restructuring key business units, functions or transformations? By Thomas Kessler Managing Partner at Integration Success GmbH and Atlantic M&A Partners | Pioneer in AI and M&A Integrations | I was recently pinged by Sofoklis Yiannacou, FCCA with a very interesting question following one of my posts: "How do you measure restructuring of key business units or functions or transformation?" My answer: Measuring the restructuring or transformation of key business units or functions requires a comprehensive approach that combines quantitative and qualitative metrics. Key performance indicators (KPIs) such as: + Financial metrics (e.g., revenue growth, cost positions), + Operational efficiency measures (e.g., productivity rates, process efficiency and technological, service, and product differentiators), + Customer-related metrics (e.g., satisfaction scores, retention rates) provide a quantitative foundation. These are complemented by project-specific KPIs that track milestones, budget adherence, and timeline compliance. A perfect tool to drive performance in transformation is the GE 9Box Matrix. Maybe long forgotten and yet still tremendously powerful to drive success in transformations. My answer also has to highlight - the importance of the human-centric aspects - of restructuring! This involves explaining the changed purpose and ensuring people buy-in to the picture painted for the joint future. The success of your new strategic direction can be measured by tracking employee metrics like engagement scores, turnover rates, and time-to-hire for new positions. Additionally, qualitative assessments through surveys and interviews can gauge employee sentiment, cultural alignment, and adoption of new processes or technologies. Leadership effectiveness in guiding the transformation, fostering open communication, and addressing employee concerns is another vital human-centric factor to evaluate. Leadership effectiveness is also achieved if the leadership team is fully aware of its strengths, motives and desires. The use of psychometric tools like motivationfinder.com, and https://lnkd.in/giRU__bs have been tremendously helpful for my clients when used in transformation projects. By balancing hard metrics with these human-centric approaches, measuring the success of organizations is one approach that has proven to be massively helpful in the restructuring or transformation process. They help to measure, progress and adjust the course taken all while making informed decisions and adjustments to ensure success. What is your point of view on measuring success in restructuring key business units, functions or transformations?

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The Importance of Data Management in Intercultural Management for Cross-Border Corporate Finance Projects 🌍💼 🚨Before we start: Even when it will take some time and important resources of your company, it will have a huge impact on your daily operations to implement a data management. Implementing it as early as possible! In today's globalized economy, cross-border corporate finance projects are becoming increasingly complex due to uncertain global risks and geopolitical changes. However, the success of these initiatives hinges not only on financial acumen but also on effective intercultural management. One of the key components that often gets overlooked is robust data management. 📊✨ Bridging Cultural Gaps with Data 📈🤝 Data management plays a crucial role in understanding the diverse cultural landscapes involved in international finance. By effectively organizing and analyzing data, organizations can gain insights into local market trends, consumer behavior, and regulatory environments. This knowledge enables teams to bridge cultural gaps and tailor their strategies accordingly, fostering better collaboration and communication among stakeholders from different backgrounds. 🌐💬 Enhancing Decision-Making Processes 🧠🔍 In cross-border projects, timely and accurate data is essential for informed decision-making. A well-structured data management system allows teams to access real-time information, facilitating swift responses to market changes and emerging opportunities. This agility is particularly important in intercultural settings, where misunderstandings can lead to costly delays. By prioritizing data management, organizations can enhance their decision-making processes and drive project success. 🚀📅 Ensuring Compliance and Risk Management ⚖️🔒 Navigating the complexities of international finance also involves understanding various legal and regulatory requirements. Effective data management helps organizations maintain compliance with local laws and regulations, minimizing the risk of financial penalties and reputational damage. By implementing a comprehensive data management strategy, companies can proactively identify potential risks and develop mitigation plans, ensuring smoother project execution. 🛡️📋 The relevance of data management in intercultural management for cross-border corporate finance projects cannot be overstated. By leveraging data effectively, organizations can enhance collaboration, improve decision-making, and ensure compliance, ultimately driving success in the global marketplace. #DataManagement #InterculturalManagement #CorporateFinance #CrossBorderProjects #GlobalBusiness #finance #vc #pe #startup #scaleup

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Start-ups in Europe: a light at the end of the tunnel - finally!    This article by Nadine Schimroszik in Handelsblatt gives reason for hope for the tech ecosystem, as it summarises a development that has been tentatively emerging for some time: The number of new #start-ups in Germany is growing again, by 17 per cent, as shown by a comparison of the first quarter of 2024 with the same quarter of the previous year.   💡It is particularly interesting to see that most investments are being made in AI. An unmistakable sign that they continue to be a driver of innovation for the German startup ecosystem.   We recently came to a similar conclusion with my team, as part of our analysis of the German startup landscape. Our conclusion: more and more funding are being mobilised for ♻️ #Greentech business ideas that are based on AI-based technologies and have a positive impact on our planet. More info on our research at IRIS can be found in Startup Insider`s Investors Report 2024: https://lnkd.in/dU-5AMPz More info on Nadine’s insightful article here: https://lnkd.in/depicwGA

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Last month, we were proud to host our first CFO Dinner in Berlin. It was a relaxed evening full of engaging conversations, with no set agenda which allowed us to dive into a multitude of topics ranging from CFO-specific (funding, systems and hiring trends) to broader financial topics, e.g. being at the forefront during the financial crisis but also personal anecdotes about growing up vs. settling in Germany. We were thrilled with the positive feedback from our guests, lots of whom expressed interest in a follow-up. Here's just a few quotes: "I particularly enjoyed the quality of the attendees and thought the dinner setting was conducive to having quality and entertaining conversations. You also picked a really nice restaurant. " "It was quite nice overall to be able to talk without having a presentation or similar which sometimes is not that relevant for all participants." "The most interesting topics for me were people discussing their work cultures, attempts to incentivise people back to the office and how as CFOs everyone sees you as the generalist problem solver for the whole business." A big thank you to everyone who joined us! Already looking forward to the next one. Thomas Antonioli Anurag Bansal Tom Cherry Jan Gackenholz Julia Heintel Benjamin Molzahn Ebony Simone Morczinek Christian Müller Kerimcan Oral Dr. Stephan Tingler Sahar Powell (PhD) Borjan Nikolov Ilya G. . . . #TheBigSearch #CFO #MarketInsights

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Special Milestone: NX Technologies is over (…) Over six years ago, Ulrich Schmidt & I started with a clear vision: redefine how payments are managed in the Automotive space and set a new industry standard. Today, we are taking a major step in this direction! 🎯 NX Technologies becomes Aufinity Group. After a very successful journey in Germany so far, it’s now time for expansion with our international product Aufinity. 🇪🇺 I am overwhelmed by what our team has achieved. Your passion and commitment are the fuel of our success story. Together, we are shaping the future of payment management in the European automotive industry! 🚀🌍 #fintech #expansion #payment #automotive #europe

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Deal News | Axel Springer sells Finanzen.net Group We want to congratulate Axel Springer on the successful sale of finanzen.net GmbH Group consisting of three divisions: high-growth low-cost digital investment platform, also known as a neobroker, called Zero, a capital markets information platform called Finanzen.net, and a trading software platform for semi-professional retail investors called TraderFox. 👉🏻 Finanzen.net Group, a dynamic force in the German #financial services industry, has established itself as a market leader through its innovative and customer-focused approach. This success stems from a steadfast commitment to entrepreneurial innovation and a focus on customer-centric services. The Group democratizes investment opportunities through Zero, provides market intelligence via Finanzen.net and equips active traders with powerful tools through TraderFox. ✅ The OMMAX team conducted a commercial vendor due diligence, focusing on key areas, including market and competitive dynamics, customer performance, group integration, and business plan assessment. The completion of this transaction highlights our track record in shaping successful outcomes for leading companies in the #privateequity field through our core services in transaction advisory, digital strategy and execution. #deal #commercialduediligence #finance #neobroker #trading

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Karriere- und Leadership-Tipps vom besten CEO der Welt Frank Slootman hat mit Data Domain, Service Now und Snowflake drei milliardenschwere Softwarefirmen hochskaliert und an die Börse gebracht. Er gilt als bester Software-CEO der Welt. Das sind die top Karrieretips aus seinem Buch AMP IT UP. "We all need to be careful what “elevator” we get into early in our careers. Some go up, some go down, some don't move. It's largely beyond our control, so choose wisely. We have seen staggering examples of this phenomenon in Silicon Valley. Anybody who spent the last 20 years at Google, Amazon, or Apple would have done spectacularly well, regardless of their individual merit. And anyone who stayed with companies like IBM and HP would have stagnated during that period." "We coped in ways I have used ever since: hire people ahead of their own curve. Hire more for aptitude than experience and give people the career opportunity of a lifetime. They will be motivated and driven, with a cannot‐fail attitude. The good ones would grab the opportunity to accelerate their careers with us." "I would sometimes say in all‐hands meetings that I was personally committed to help each of our employees reach a different station in life as a function of the company's fortunes. In exchange, I was asking for the best they had to offer. That was the deal: we do the best we can for each other. People sometimes gave me an incredulous look: a CEO who is saying that his goal is to elevate our fortunes? Seriously? Yes, and our companies proved it. Sometimes years after a staffer had moved on, I would still receive an email expressing their appreciation for how much our company had changed their life's trajectory." "Not everyone has this visceral sense of contest, especially at companies that shield their people from the real stakes at hand. When leaders fail to explain the industry landscape, employees don't feel the cold winds of competition. Their jobs and paychecks feel secure, but that's an illusion. Good leaders explain that none of us are ever truly safe in our roles for any length of time. If this fact makes people uncomfortable, that's good."

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Tanja Kewes and Handelsblatt reporting today on our 2024 analysis of German DAX Supervisory Boards. The 14th edition of this study by Russell Reynolds Associates shows that while in its first year female representation was at 7% now 40% have been achieved. It goes without saying that an ideal board composition needs to take many other aspects into account, but all considered, DAX Supervisory Boards improved over the years - still leaving some potential to be unlocked.

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Interesting new episode of the Kassenzone podcast with Peter Pernot-Day from SHEIN, who talks about the history as well as current developments and the general business model. Three interesting tidbits: SHEIN has been active in Germany since 2015. As a company, it has also been profitable since that year - despite the low prices. SHEIN's goal is to create "High Engagement Experiences": Unlike purely search-driven retail, customers should open the app regularly, even if they don't want to buy anything specific. SHEIN is primarily an e-commerce company, but they explicitly use pop-up stores to enable interaction in the physical world - Pernot-Day calls this "ephemeral retail". Find out more in the podcast (it starts in German, but the interview is in English):

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This morning, Dirk Voigtländer and I presented ProSiebenSat.1 Media SE’s key financial results for the first quarter of 2024 and we can clearly say: Our strong start to the year shows that we are on the right track.   In 2023, we have set a new course both operationally and strategically. In the first quarter, we are now seeing the first clear effects of our efficiency measures with Group revenues increasing by 6% and adjusted EBITDA growing by 35% year-on-year. The advertising business, which is particularly important for us, is continuing to recover – especially #Joyn is growing strongly. This shows that our strategic focus on digital reach pays off. At the same time, the Commerce & Ventures segment once again recorded significant double-digit revenue growth. Verivox GmbH and flaconi in particular are performing strongly.  Even though the market and economic environment remains challenging, we are looking to 2024 with confidence and are therefore confirming our full-year outlook. We will continue to focus clearly on the strategically relevant business areas related to our Entertainment portfolio and continue our consistent management of costs and cash flows.   You can find more about our #Q1 financial performance on our website: https://lnkd.in/dqg2HY5q

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🦄🦄  In-house leaders who directly manage finance and tax teams and deeply understand both domains are like unicorns. One would think they don’t exist. But Katharina Herzog is one of them and she's coming on our podcast next Monday. I have been waiting for a long time to have this episode with Katharina, who's currently the Senior VP Group Finance & Tax at HUGO BOSS. You will have seen my previous posts regarding the “complicated” relationship between finance and tax. We both need each other very much, but at the same time, we have very different priorities, resources and often even skill sets. Sometimes the relationship tends to be strained. Sure, we are both part of the CFO office, but we get treated very differently. Now is the time to sort out some of the most pressing questions you may have. Join me during the livestream of the podcast. Here are some of the talking points: – Evolving from a finance into a combined finance and tax career – Is tax really finance’s little sister and why? – Wearing a finance and tax hat and how this brings you closer to the CFO – Convincing your CFO on the back of a solid business case Feel free to share upfront any questions or raise them live. Register your spot here  👉 https://lu.ma/3sdyn1fp

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Sikich has just launched the Sikich AI Solutions Studio! Click https://lnkd.in/ehcj8gAt to read all about it. Ray Beste is the best of the best! #AIGovernance #AISolutions #generativeAI #teamsikich Sikich

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Wow - thanks Simon Walter, Magdalena Maier and Charlotte Niklahs for the program you've put together for the #management hive of #pakcon24! 🔥 How to set up a 10x innovation culture by Nina Michahelles, Sarina Hergarten, Alexander Böhm, Nils Wagner How to build and scale high-performing companies by Friederike Reuter, Stefan Roebel, Martin Sondenheimer, Magdalena Maier Strategy is broken by Sebastian Herzog, Isabelle Schnellbuegel, Paul Becker, Simon Walter AI: The Biggest Opportunity for the German Mittelstand? by Dr. Alexander Mrozek, Dr. Sebastian Walter, Anna Franziska Michel, Dr. Alexandra Deichsel Why Digital Transformations often fail - particularly in Germany by Miriam van Straelen, Marc Schiekofer, Cecilie Hohlbein Hegelund, Moritz Trutschel Venture Clienting - Success Factors of Startup - Corporate Collaborations by Arno Baltruschat, Dr. Sophie Chung, Stefan Schmautz, Anne Decker Last ticket drop: https://lnkd.in/duPQg3Wc

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🔥 🤝 New Partner @ Tela Network: Matthias Isler, Fractional CTO 🔹 "As an entrepreneur, your most valuable resource is often time." - Matthias Isler 📖 Read about Matthias Isler on Tela Blog: https://lnkd.in/d5bS_DGA 👉 Matthias Isler in one sentence: Matthias is a passionate technologist and entrepreneur with expertise in building cloud-based startups, and experience in business strategy, digital marketing, and managing high-performance remote teams across various industries. 🤝 Add Matthias Isler on LinkedIn: https://lnkd.in/d5QMcVUR ☕️ Follow Tela Network on LinkedIn: https://lnkd.in/dUEVryNw 💎 On Tela, every message pays you. Use Tela to reduce your inbox overload. 👉 You can sign up here: https://lnkd.in/d3gmiTzu 👋 Please consider sharing this post, and if you have any thoughts, let us know in the comments!

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