9:30 a.m. Pacific standard time

Building a world class finance function

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Session recap

Building a world class finance function

Long-term view, employees key to finance function

 

Plan ahead, take the long view, and don’t forget the importance of employees throughout the IPO process.

Those directives are from the panel discussion “Building a world-class finance function.” Moderated by Will Bowmer, Managing Director of Barclays, the panel gathered C-suite executives and IPO advisors to offer ways to advance your finance function.

The CFO’s role throughout the IPO process is critical, but ensuring the accuracy of the numbers is only the beginning. The CFO is also responsible for leading internally and for being an experienced, credible public face for finance.

It can take a year or more to get yourself and your team ready for the spotlight. Given the pressure you may be facing, make sure you have alignment with the board about a reasonable IPO time frame, shared Barry Zwarenstein, CFO of Five9, Inc.

Afterward, panelists agreed you should take the long view. “The IPO is not an objective of itself, but it’s an instrument,” said Martín Migoya, CEO of Globant. “When you start thinking like that, then putting the company together around that concept makes it easier.”

Michael B. Capilouto, Partner, Ernst & Young LLP, also said not to make employees an afterthought. Prospective investors will want to know how your company will incentivize employees to stay with the company. In addition, good communication can help employees understand stock price fluctuations.

“Changing the mentality to become a public company is really becoming more buttoned up,” said John Castro, the recently retired Chairman and CEO of Merrill Corporation. “It takes everyone in the organization to really understand that.”

Moderator

 

Steve Bolze speaks at EY Strategic Growth Forum

Will Bowmer
Managing Director
Barclays

 

Speakers

 

Michael B. Capilouto speaks at EY Strategic Growth Forum

Michael B. Capilouto
Partner
Ernst & Young LLP

 

John Castro speaks at EY Strategic Growth Forum

John Castro
Recently Retired Chairman and CEO
Merrill Corporation

 

Martín Migoya speaks at EY Strategic Growth Forum

Martín Migoya
CEO
Globant

 

Barry Zwarenstein speaks at EY Strategic Growth Forum

Barry Zwarenstein
CFO
Five9, Inc.