It was a relatively short time ago that databases played only administrative roles in most companies. Today, needless to say, data is fundamental to most companies’ very products. Where the CFO of old looked at databases mostly from a budget-approval standpoint, the modern CFO is also a frequent and regular departmental consumer of data. Meanwhile, these databases have enabled the “as-a-Service-ing”‘ of countless industries.
SaaS models, in all their flavors, emphasize repeatability at scale, and they rely on large, complex databases to keep demanding customers happy. They also contain the record of your strategic performance.
Should the modern CFO be thinking even more broadly than she currently is?
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Rajeev Dham, Jane Lee Aditya Reddy 4/19/2022
Ankur Agrawal, Christian Grube, and Meagan Hill, McKinsey Insights, 4/8/2022
Mihir A. Desai, Mark Egan, and Scott Mayfield, Harvard Business Review, March-April 2022
Sid Jain, ChartMogul Blog, 3/23/2022
Steven Eklund, Samuel Kang, Michele Tam, and Leon Xiao, McKinsey Insights, 3/17/2022
CrunchBase, April 7, 2022
Hillary Latos, Impact Wealth, 4/12/2022
Based in New York and Silicon Valley, DecisionCFO is an interim financial operating and investment platform serving early-stage growth domestic and international technology and healthcare companies. We collaborate with management teams and their boards to help optimize, scale and exit. Our clients span funded pre-revenue through to $100mm in sales businesses.
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