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Data, Productivity and Certainty: Drivers of Growth for the Modern CFO with Katherine Edenbach, CFO of Emburse
This episode features an interview with Katherine Edenbach, CFO of Emburse, a billion dollar platform for business expenses and vendor payments.
Katherine has an impressive career of over 20 years in accounting and finance. Before coming to Emburse, she was CFO of Certify, Inc., VP of finance at CashStar and served in various senior accounting and finance roles at Fairchild Semiconductor and WEX, Inc.
On this episode, Katherine talks about the latest in fraud trends, the renewed importance of cash management amid the pandemic, and how accurate data leads to better decision making.
Quotes
“The CFO is no longer just managing finance and accounting. Really, it's taking that next step up and understanding how the numbers pull together and how you're going to drive strategy. Because obviously if you had bad data coming in, you could have a bad decision coming out. So it's important to understand accounting and finance, but the CFO also needs to have that strategic mindset.”
“We are definitely a data-driven company. We have a significant amount of both structured data and raw data. And we've been working really hard to pull that data into more of a usable format. That means making that data consistent and easily accessible. Because inconsistent raw data could be interpreted incorrectly. Using new data analytics tools is helping us drive visibility into spend patterns and identify areas for improvement.”
“Automating controls takes the onus off the finance team to sometimes be the bad guy or the enforcer. When you have the controls built into your systems already, there's no interpretation. It's the system that’s enforcing the controls and people aren't getting involved at all.”
Sponsor
The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com
Find Katherine on LinkedIn
Follow Bob on Twitter
View all episodes
By Kyriba
5
1616 ratings
This episode features an interview with Katherine Edenbach, CFO of Emburse, a billion dollar platform for business expenses and vendor payments.
Katherine has an impressive career of over 20 years in accounting and finance. Before coming to Emburse, she was CFO of Certify, Inc., VP of finance at CashStar and served in various senior accounting and finance roles at Fairchild Semiconductor and WEX, Inc.
On this episode, Katherine talks about the latest in fraud trends, the renewed importance of cash management amid the pandemic, and how accurate data leads to better decision making.
Quotes
“The CFO is no longer just managing finance and accounting. Really, it's taking that next step up and understanding how the numbers pull together and how you're going to drive strategy. Because obviously if you had bad data coming in, you could have a bad decision coming out. So it's important to understand accounting and finance, but the CFO also needs to have that strategic mindset.”
“We are definitely a data-driven company. We have a significant amount of both structured data and raw data. And we've been working really hard to pull that data into more of a usable format. That means making that data consistent and easily accessible. Because inconsistent raw data could be interpreted incorrectly. Using new data analytics tools is helping us drive visibility into spend patterns and identify areas for improvement.”
“Automating controls takes the onus off the finance team to sometimes be the bad guy or the enforcer. When you have the controls built into your systems already, there's no interpretation. It's the system that’s enforcing the controls and people aren't getting involved at all.”
Sponsor
The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com
Find Katherine on LinkedIn
Follow Bob on Twitter