CFO THOUGHT LEADER

799: When Metrics Do the Talking | Adam Ante, CFO, Paycor


Listen Later

When Adam Ante first arrived at Paycor in 2017, the seasoned finance executive was tasked with prodding Paycor management to begin monitoring daily performance metrics.

“At first, it was about building the relationship with the executive team so that they understood how important it was to understand how the company was performing on a daily basis,” explains Ante, who equates his task with shortening the distance between management and the company’s data.

“At the time, we were just piling a set of numbers and metrics into Excel spreadsheets daily and distributing them,” continues Ante, who upon his arrival was given the title of vice president of analytics.

“We didn’t know where all of the data was, and we didn’t know always what it meant,” reports Ante, who notes that sometimes one manager might be sharing certain data that contradicted numbers being disseminated by another.

For Paycor, the solution was to adopt a new data management framework, a process that began with first clarifying what the company wanted to know about its performance and then identifying which metrics would best reveal this information.

According to Ante, “You begin by asking, ‘What should this metric really show?’ And then you say, ‘Okay, now, where does this data come from? How do we access this data?’’”

Back in 2017, Ante recalls, most of Paycor’s data resided within a single SQL server.

“At every turn, this meant that somebody had to go in and figure out how to write SQL queries and pull the needed data together,” remembers Ante, who adds that the company subsequently upgraded its data infrastructure.  

“The most important thing is the ability to bring the data together into a place where people can access it and measure it and put the right level of governance around it,” comments Ante, who observes that as more managers have gained confidence in the data and grown to better understand the information being provided, they’ve also grown accustomed to monitoring the metrics daily.

Says Ante: “It can take a long time—it’s a cultural shift.” –Jack Sweeney 

...more
View all episodesView all episodes
Download on the App Store

CFO THOUGHT LEADERBy The Future of Finance is Listening

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

117 ratings


More shows like CFO THOUGHT LEADER

View all
Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

256 Listeners

Masters in Business by Bloomberg

Masters in Business

2,173 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

512 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

181 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

175 Listeners

Founders by David Senra

Founders

1,803 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,294 Listeners

Workplace Champions by Brett Knowles & Jack Sweeney

Workplace Champions

30 Listeners

M&A Science by Kison Patel

M&A Science

124 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,963 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

173 Listeners

CFO Weekly by Personiv

CFO Weekly

42 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

335 Listeners

Planning Aces by Brett Knowles & Jack Sweeney

Planning Aces

1 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

81 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

142 Listeners

Moneywise by Hampton

Moneywise

646 Listeners