The Global Nexus Club is a global network of senior executives working within the world’s largest and most innovative businesses. We collaborate on the issues our community are facing and bring practical insights and ideas to your challenges. Membership is free and by invitation only. Join us and become part of this global network.
San Francisco remains a hotbed for ambitious startup companies hoping to grow in the 1000%s rather than the 100%s year on year. But while hyper-growth remains every executive’s dream, growing pains are laid bare during these periods – particularly in the finance department.
In fact, many CFOs feel their companies are not ready for rapid expansion, with 70% saying they don’t have the digital capabilities to be as competitive as their rivals over the next 5 years (McKinsey). Despite all the innovations and technology available, manual processes are still a burden to finance. Indeed, a recent survey of Controllers by IOFM, noted that Accounts Payable is the single most time-consuming function in finance. Really, accounts payable.
The role of the CFO – and finance leadership as a whole – is rapidly becoming a key driver of business value and one of the most important partners to the CEO, board and the rest of the management team. Top performing finance leaders aren’t just tallying value, they’re responsible for enabling it. And those who aren’t constantly expanding the capabilities of their finance functions – improving company-wide productivity, accounts payable, treasury, sourcing, compliance, enabling rapid global growth – will begin to drown as the pace of growth quickens.
6:30pm Networking Drinks
7:00pm Chaired Debate
8:00pm 3-Course Dinner