In this conversation, Sean Blitchok, CFO of Zenoti, discusses the evolving role of finance in the tech industry, emphasizing the importance of technology and automation in financial processes. He reflects on his journey through various companies, highlighting the strategic influence of CFOs and the necessity of adapting to rapid changes in the business landscape. The discussion also touches on the balance between growth and financial controls, as well as the future potential of AI in finance. In this conversation, Sean discusses the rapid evolution of AI in finance, emphasizing its potential to automate processes and create value. He highlights the importance of quality control in automation, the artistic nature of accounting, and the need for finance professionals to embrace AI as a tool for strategic value. Sean also addresses the changing landscape of finance metrics, the critical role of investor relations, and the skills needed for future finance roles. He concludes with a focus on people-centric leadership in finance, stressing that success hinges on hiring and nurturing the right talent.

Takeaways

• Technology can alleviate many financial process issues.
• The role of CFO has evolved to be more strategic.
• CFOs must understand the entire business landscape.
• Automation is key to improving financial processes.
• Financial controls are essential for scaling companies.
• CFOs are increasingly seen as potential CEOs.
• The relationship between CFOs and boards is crucial.
• Emerging technologies are changing the finance landscape.
• Process optimization and technology should go hand in hand.
• AI's impact on finance is still developing. AI is evolving rapidly and will impact the finance sector significantly.
• Quality control is essential as companies automate processes with AI.
• Accounting is not just transactional; it involves interpretation and creativity.
• AI should be viewed as a value creator, enhancing strategic roles.
• Future finance professionals need to embrace AI and adapt to new technologies.
• Understanding business and economics is crucial for finance roles.
• Investor relations play a vital role in connecting finance with the broader business.
• Choosing the right AI tools is essential for effective implementation.
• People-centric leadership is key to success in finance.
• The finance landscape is constantly changing, requiring adaptability.

Sound Bites

• "The CFO plays a critical role."
• "I can't stand fingers on keyboards."
• "We can fix a lot of the manual work."
• "It's not just about cost arbitrage."
• "It's incredible how fast it's moving."
• "AI is a value creator, right?"
• "AI is going to be a piece of that."
• "Embrace AI, be part of a solution."
• "You have to have those core skills."
• "Don't underestimate the IR capability."

Chapters

00:00
The Role of Technology in Finance

05:14
Evolving CFO Responsibilities

10:06
The CFO's Strategic Influence

18:36
Automation and Financial Processes

22:32
Balancing Growth and Financial Controls

25:10
The Future of AI in Finance

28:22
The Rapid Evolution of AI in Finance

30:54
Navigating Automation and Quality Control

32:56
The Artistic Side of Accounting

35:36
AI as a Value Creator

39:14
Preparing for the Future of Finance Roles

42:52
The Changing Landscape of Finance Metrics

This episode of Asking Good Questions is brought to you by Caprus.Ai.

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