AA186 - Bridging the Finance-Product Gap: 13 CFO Lies (Mostly) Debunked

Arguing Agile

As a product leader or agile practitioner, do you struggle to communicate value to your finance team?
In this episode of the Arguing Agile Podcast, Product Manager Brian Orlando and Enterprise Business Agility Coach Om Patel muse on 13 common misconceptions CFOs face and how they impact product and organizational success.
Listen as we discuss:

• Demonstrating the ROI of business agility
• Balancing short-term gains with long-term strategy
• Improving cross-departmental communication
• Showcasing the value of tech investments

Learn how to improve communication between finance and product teams and how to finally bridge that pesky gap between finance and product in your organization!
CFO, product management, agile, finance, ROI, strategy, communication, organizational culture, tech investment, risk management, budgeting, leadership, business agility
#ProductManagement #AgileLeadership #FinancialStrategy #BusinessAgility
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Toronto Is My Beat (Music Sample)
By Whitewolf (Source: https://ccmixter.org/files/whitewolf225/60181)
CC BY 4.0 DEED (https://creativecommons.org/licenses/by/4.0/deed.en)

Chapitres

1. Podcast Intro (00:00:00)

2. Intro: Lies told to New CFO (00:00:11)

3. Lie #1: Compliance is Someone Else's Problem (00:00:54)

4. Lie #2: Forecasting Accurately is Just Guesswork (00:04:14)

5. Asking for Help (00:07:41)

6. Lie #3: Micromanaging Shows Attention to Detail (00:08:48)

7. Managers & Leaders (00:10:33)

8. Lie #4: The Numbers Always Speak for Themselves (00:11:47)

9. Pushing Back on #4 (00:13:47)

10. Lie #5: Risk Management Can Wait, Focus on Profits (00:16:18)

11. Arguing on: Figure Out the Risk Later (00:18:40)

12. Point #6: Short Term Gains & Ethical Compromises (00:21:53)

13. Point #7: Tech Won't Improve Finance (00:23:24)

14. Outsourcing vs In-House (00:26:14)

15. Manual Processes in Financial Operations (00:27:27)

16. Point #8: The Impact of a Bad Hire (00:29:37)

17. Point #9: Budget vs Strategy (00:29:55)

18. Losing Money (00:32:27)

19. Point #10: Financial Culture Beyond ROI (00:34:07)

20. True North: Metrics and ROI (00:35:52)

21. Point #11: Understanding Financial Reports (00:38:15)

22. Point 12: The Importance of Interdepartmental Communication (00:39:32)

23. C-Level Self-Image vs Reality (00:41:43)

24. Point #13: Balancing Short-Term and Long-Term (00:44:25)

25. Development as Cost Centers (00:46:56)

26. Measuring Value Enablers (00:49:45)

27. Wrap-Up (00:51:45)