In this episode, Tom is joined by Colin Wittmer, CFO of PwC. Colin's 31-year journey at PwC has seen him transition from the audit practice to a leadership role in finance, with a significant focus on deals and transaction services. Unlike the typical technology-centric CFO, Colin emphasizes the importance of human skills in AI-driven transformations. He offers insights into the evolving role of finance leaders, the impact of AI, and how to cultivate leadership within the organization.
Guest Quote:
“As a CFO, you see the whole picture… where a good CFO really excels is being able to connect the dots so everyone understands how something happening in one part of the business affects the rest.”
“If you start managing the business like you have a lot of cash, you can easily go sideways when things get tough. It’s maintaining that discipline in good times and in bad times.”
“Make the tough decisions early and stay the course. The companies that don’t come out of restructuring are the ones that defer making the hard decisions.”
Timestamps:
01:07 Colin Wittmer's Career Journey
02:27 Insights on M&A and Finance Leadership
07:34 The Role of AI in Modern Finance
08:49 AI Implementation at PwC
12:58 Balancing Human Skills and Technology
14:44 Continuous Learning and Adaptation
25:43 Advice for Aspiring CFOs
26:50 Balancing Client and Firm Management
27:54 The Importance of Leadership
28:26 Evaluating Career Decisions
29:54 Market Trends in M&A
31:52 Red Flags in Finance Functions
34:58 Future of the CFO Role
41:30 Personal Insights and Hobbies
44:41 Recommended Reads and Conclusion
Links & Resources:
Connect with Tom Gavaghan
Connect with Colin Wittmer
Learn more about Kyriba
Learn more about PwC
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