Mark Lisi’s Post

🔔News Alert! I'm thrilled to share that we've expanded our lease capabilities and global reach at insightsoftware with the acquisition of LeaseAccelerator, EZLease, PureLease, and LeaseController solutions. This move strengthens our position as one of the most comprehensive solution providers for the Office of the CFO. Read more here! #acquisition #BusinessGrowth

Yesterday we had the privilege of ringing the New York Stock Exchange closing bell to celebrate our first year of trading. Here are four things I’ve learned from my first year as a public company CFO: 1. Being able to pivot strategy quickly is crucial. Being publicly traded has not hampered our team's ability to stay lean, remove any red tape creep, and keep the speedboat (rather than cruise ship) mindset. Also, sacred cows have no place in a high-growth organization. 2. CFOs are generalists. As we've built out our finance/accounting department, my role has continually evolved. I need to know a little about a lot, and surround myself with experts (IR, FP&A, technical Accounting) who are laser focused on one area. 3. Acquisitions are time consuming and costly, but can be worth it. Similar to construction, acquisitions will likely cost double as much and take twice the time as planned. This doesn't mean they should be avoided (Credova - A PublicSquare Company was a MASSIVE win for us), just be sure to count the cost beforehand. Also lawyers are expensive (but we all knew that). 4. Greed kills. When we went public, true colors started to show and we had to weed out those who were in it for the money rather than the mission. At PublicSquare, we hire and fire based on three qualities (humble, hungry, smart)... and greed can cloud all three of these. I'm excited for the next year of growth, stay tuned!

Is Building an Adaptable & Communicative Teams The Key to High-Growth Success? Gerry Tucker, a seasoned Interim CFO, talks about building the right culture to sustain high growth in a dynamic tech scale-up; and the fruits it bore over time. He joined us last week to speak about how he helped build a successful & beloved finance team while scaling from 8 to 400 people in 3 years as a CFO. What do you think it takes to create the right culture to sustain high levels of change in a rapid scale-up environment? Tell us in the comment Full interview coming soon - Stay Tuned! #cfotech #cfoinsights #scaleup #scalertopic #highgrowth

My company has rebranded! It's only a small change, we're still Echo Eight, but we've changed from 'Echo Eight Consulting' to 'Echo Eight Investments' as we feel this more suitably describes what we do. If you want to find out more about us and how we can help your business, get in touch today or visit www.echoeight.co.uk #privateinvestments #privateinvstor #businessgrowth #businesssupport #growthstrategy #sellyourbusiness

Check out our latest article on the invaluable role of the interim CFO across PE backed SaaS businesses. https://lnkd.in/g5FYW_3n #growthequity #privateequity #interimcfo

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Start thinking about your board at the beginning of your search – your thinking will change depending on the business you acquire and your experience with your investors, but you can develop relationships throughout your search process that might factor into how you put together your board. The earlier you begin to think about the dynamic and fit, the better your board mosaic will be. Check out "Building a Strong Board - Part III: Onboarding and Transitioning Board Members", authored by Chris Hendriksen and Liza M. Cherney.

#Teamrestructuring series: Empower yourself Team restructuring takes gut. You must move with authority, make decisions, take action - you must carry influence and wield power. You cannot mobilise your team if you are immobilised. So start empower yourself. Instead of waiting for the perfect time (which would never happens), or waiting for permission to act and to manage, proceed as if you have all the authority you need. After all, you are the team leader. ---------------- 🌱 I help CFOs transform their finance functions 📨 DM me to see if I can help 🔔 Follow for more tips #postmergerintegration #teamrestructuring #accountingissues #financetransformation #corporaterestructuring

Growth Equity and Private Equity firms are significantly investing in technology and Software-as-a-Service (SaaS) companies. Jennifer Brook Botfield, Director and Global Head of Interim & Consulting at RENOIR, explores this trend in her latest article, emphasising the indispensable role of interim CFOs. She illustrates how these CFOs, with their unique expertise in private equity and deep understanding of the SaaS model, are key to managing the financial complexities and driving the success of high-growth firms. Learn more about the strategic impact of interim CFOs from Jennifer's insights here: https://lnkd.in/g5FYW_3n #privateequity #venturecapital #interim #CFO #SaaS

Bob Wang, formerly of Traction Guest, shared his incredible story on guiding the cash flow, investing in the growth, and driving the investor metrics, in leading through a divestiture into a great Private Equity acquisition. Using Sage Intacct, Inc.'s recurring #billing and #revenuerecognition product, and Sage Planning #FPandA, the #finance team at Traction Guest was able to work across the business to track and invest in the growth of the company: - Reduce DSO from 90 to 55 days, increasing operating cash flow and EBITDA for its valuation - Create rolling forecasts, each month, for the upcoming 12- and 24-months, across billings, revenue, and cash - Reduce cash forecast variance to less than 10% to better predict the future Bob has now created a Fractional CFO Advisory firm, https://lnkd.in/gtbjWi5J, to share his expertise with the next generation of Silicon Valley firms. When you say something yourself, you are bragging, and when someone says it, it is true, so I appreciate Bob's parting advice: "Sage Intacct is a fantastic product for firms to use to grow through IPO; flexible enough to start, and then, to take the company all the way." https://lnkd.in/gspypUgq